000620 Macrolink Culturaltainment Development
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Macrolink Culturaltainment Development News
*ST Xinlian (000620.SZ): Net profit of 206.856 million yuan for the first quarter reversed the year-on-year loss
Gelonghui, April 17丨*ST Xinlian (000620.SZ) released its report for the first quarter of 2024. Operating income for the reporting period was 805 million yuan, up 64.10% year on year; net profit attributable to shareholders of listed companies was 206.8856 million yuan, turning a year-on-year loss into a profit; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 1,50916 million yuan; basic earnings per share were 0.0035 yuan.
*ST Xinlian (000620.SZ) reported 2023 annual results, with net profit of 352 million yuan, turning a year-on-year loss into a profit
*ST Xinlian (000620.SZ) released its 2023 annual report, with revenue of 3.875 billion yuan, with...
*ST Xinlian (000620.SZ): Actual controller changed to Wang Gengyu
Gelonghui, Feb. 28丨*ST Xinlian (000620.SZ) announced that as of the disclosure date of this announcement, Hunan Tianxiang Yingxin Technology Development Co., Ltd. had held 1.2 billion shares of the company, accounting for 20.44% of the company's total share capital. Meanwhile, the “restructuring plan” of six companies, including Xinhualian Holdings Co., Ltd., the company's former controlling shareholder, has been approved by a court ruling. The 1,175,117,364 shares of the company held by Xinhualian Holdings (accounting for 20.01% of the company's total share capital) will be used to settle the creditors of six companies including Xinhualian Holdings. The company disclosed the one issued by Xinhualian Holdings on February 28, 2024
Macrolink Culturaltainment Development Completes Revamp; Shares Down 4%
The restructuring of Macrolink Culturaltainment Development (SHE:000620), a controlling shareholder of New Silkroad Culturaltainment (HKG:0472), was completed, the real estate developer said in a Mond
*ST Xinlian (000620.SZ) issued a pre-profit. Net profit is expected to be 300 million yuan to 450 million yuan in 2023, turning a year-on-year loss into a profit
Zhitong Finance App News, *ST Xinlian (000620.SZ) released the 2023 annual results forecast. Net profit attributable to shareholders of listed companies is expected to be 300 million yuan to 450 million yuan for the whole year, turning a loss into a profit over the previous year. Reasons for the change in performance: 1. On December 29, 2023, based on the “Civil Ruling” (2023), issued by the Beijing No. 1 Intermediate People's Court, the ruling confirmed the completion of the implementation of the company's restructuring plan and terminated the company restructuring process. After the restructuring was completed, debt restructuring proceeds of about 25.9 billion to 3.88 billion yuan were generated. The above restructuring proceeds were included in the current period as non-recurrent
*ST Xinlian (000620.SZ): The controlling shareholder will be changed to Yingxin Technology, and the actual controller will be changed to Wang Gengyu
Gelonghui, January 24丨*ST Xinlian (000620.SZ) announced an indicative announcement on changes in shareholders' rights and proposed changes in controlling shareholders and actual controllers. The reason for this change in equity is the implementation of the “Xinhualian Cultural Tourism Development Co., Ltd. Reorganization Plan” (hereinafter referred to as the “Reorganization Plan”). The controlling shareholder of Xinhualian Cultural Tourism Development Co., Ltd. (hereinafter referred to as “the Company”) will be changed by Xinhualian Holdings Co., Ltd. (hereinafter referred to as “Xinhualian Holdings”) after the implementation of the “Reorganization Plan” is completed and the shares transferred from the Company's capital reserve fund are transferred to the name of the entity designated by the restructuring investor
*ST Xinlian (000620.SZ): Cancellation of the delisting risk warning implemented due to the restructuring of the company's shares and continued implementation of the delisting risk warning and other risk warnings
Gelonghui, January 8, |*ST Xinlian (000620.SZ) announced that the company received a notice from the Shenzhen Stock Exchange, and the Shenzhen Stock Exchange approved the company's withdrawal of the application for a delisting risk warning due to the restructuring. Since the company still has other situations involving delisting risk warnings and other risk warnings, the company's stock will continue to be subject to delisting risk warnings and other risk warnings. The company's stock abbreviation is still “*ST Xinlian”, the stock code is still “000620,” the company's stock is still traded on the risk warning board, and the daily rise and fall limit of the stock price is still 5%.
Implementation of the restructuring plan completed *ST Xinlian welcomes “rebirth”
① *ST Xinlian and its subsidiaries have completed the implementation of the restructuring plan, and an application has been made to cancel the delisting risk warning implemented by the company's shares due to the restructuring. It has been more than 7 months since filing for bankruptcy and restructuring. ② Company sources said that with successful judicial restructuring and the resolution of the corporate debt crisis, profitability will continue to increase.
*ST Xinlian (000620.SZ): Court ruling confirmed the completion of the restructuring plans of the company and 2 subsidiaries
*ST Xinlian (000620.SZ) issued an announcement that the company and its wholly-owned subsidiary, Beijing Xinhualian Land Co., Ltd...
*ST Xinlian (000620.SZ): Application to withdraw the delisting risk warning implemented due to the restructuring of the company's shares and continued implementation of the delisting risk warning and other risk warnings
Gelonghui, December 29丨*ST Xinlian (000620.SZ) announced that on December 29, 2023, the company received the “Civil Ruling” [(2023) Beijing01 broke No. 389 (1)] from the Beijing First Intermediate People's Court (“Beijing First Intermediate Court”). The ruling confirmed the completion of the company's restructuring plan and terminated the company's restructuring process. On the same day, the company applied to the Shenzhen Stock Exchange in accordance with the relevant provisions of the “Shenzhen Stock Exchange Stock Listing Rules (revised in August 2023)” in accordance with the relevant provisions of the “Shenzhen Stock Exchange Stock Listing Rules (Revised in August 2023)” as a result of the removal of the delisting risk warning due to the court's decision to accept the restructuring
*ST Xinlian (000620.SZ): The company's stock trading was suspended for one trading day
Gelonghui announced on December 22|*ST Xinlian (000620.SZ) announced that in order to implement the capital transfer from the capital reserve fund to share capital, upon the company's application to the Shenzhen Stock Exchange, the company's stock trading was suspended for one trading day on December 25, 2023, that is, December 25, 2023. The company will apply to the Shenzhen Stock Exchange to resume trading on December 26, 2023.
*ST Xinlian (000620.SZ) disclosed the draft restructuring plan and is expected to transfer 3,975 billion shares
*ST Xinlian (000620.SZ) disclosed the restructuring plan (draft). The draft restructuring plan uses the company's total share capital as...
*ST Xinlian (000620.SZ): The court authorized the company and subsidiaries to continue to operate and manage their own property and business affairs during the restructuring period
Gelonghui November 22丨*ST Xinlian (000620.SZ) announced that the company and its wholly-owned subsidiary, Beijing Xinlian Land Co., Ltd., and Changsha Xinhualian Tongguanyao International Cultural Tourism Development Co., Ltd. received the “Reply from Beijing No. 1 Intermediate People's Court” and the “Decision of the Beijing No. 1 Intermediate People's Court” from the Beijing No. 1 Intermediate People's Court respectively. The Beijing First Intermediate Court Licensing Company, Xinhua Land, and Changsha Tongguanyao will continue to operate during the restructuring period, and allowed the company, Xinhualian Land, and Changsha Tongguanyao to manage their own property under the supervision and property management of their own property Business affairs.
In the context of the cultural tourism market recovery that has officially entered the restructuring process, can *ST Xinlian be “reborn”?
① *ST Xinlian has officially entered the restructuring process. At present, it has completed investor recruitment, basically completed debt review, and drawn up a pre-restructuring plan. Asset investigation, audit and evaluation, and communication with major creditors are in progress; ② Currently, the probability that the company's restructuring will fail has decreased.
*ST Xinlian (000620.SZ): The company's shares will face the risk of being terminated from listing
Gelonghui November 14丨*ST Xinlian (000620.SZ) announced that on November 14, 2023, the company received the “Civil Ruling” from the Beijing No. 1 Intermediate People's Court (known as the “Beijing First Intermediate Court” or “Court”) [(2023), Beijing 01, No. 461], ruling to accept the company's restructuring application. According to section 9.4.1 of the “Shenzhen Stock Exchange Stock Listing Rules” (hereinafter referred to as the “Stock Listing Rules”), the company's stock trading was superimposed on a delisting risk warning on November 15, 2023. If the company appears in “Stock Listing Rules” No. 9
*The first creditor meeting of ST Xinlian (000620.SZ) and its subsidiaries is scheduled to be held on December 15
*ST Xinlian (000620.SZ) announced that the company's first creditor meeting is scheduled for 2023/12...
*ST Xinlian (000620.SZ): The court ruled to accept the restructuring application of the company and subsidiaries
*ST Xinlian (000620.SZ) issued an announcement. On November 14, 2023, the company and its wholly-owned subsidiaries...
*ST Xinlian (000620.SZ) wholly-owned subsidiary applied to the court for restructuring
*ST Xinlian (000620.SZ) announced that the company will hold the 10th board meeting on November 8, 2023...
*ST Xinlian (000620.SZ): Net loss of 1,758 million yuan in the first three quarters
On October 30丨*ST Xinlian (000620.SZ) announced its third quarter report. Operating income was 2,673 billion yuan, down 14.27% year on year, net loss of 1,758 billion yuan, net loss of 1,758 billion yuan, net loss of 1,931 billion yuan, and basic earnings per share of -0.9267 yuan.
*ST Xinlian (000620.SZ) and related personnel received a warning letter from the Beijing Securities Regulatory Bureau
*ST Xinlian (000620.SZ) announced that the company recently received supervision from the China Securities Regulatory Commission in Beijing...
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