On February 9, The Paper learned from the Beijing Financial Assets Exchange that Sichuan Blu-ray Development Co., Ltd. (Blu-ray Development, 600466.SH) said it had received a decision on self-discipline from the National Association of Financial Market Institutional Investors.
On January 29, Blu-ray Development received the “Decision on Self-Disciplinary Action in the Inter-bank Bond Market” issued by the National Association of Financial Market Institutional Investors. After investigation, Sichuan Blu-ray Development Co., Ltd., as the issuer of debt financing instruments, has the possibility of using its own funds through financing. Indirectly subscribed the self-issued debt financing instrument "21 Blu-ray MTN001" through management products and other methods, which distorted the issuance rate and disrupted the market order; in the "21 Blu-ray MTN001" issuance document, the commitment that Blu-ray Development would not directly or indirectly subscribe for debt financing instruments There are two violations of the relevant self-discipline management rules of the inter-bank bond market, which are inconsistent with the actual situation and the relevant information disclosure is untrue.
The "Decision" stated that Blu-ray Development has defaulted on multi-phase debt financing instruments, which should be dealt with severely or aggravatedly.
According to the relevant self-discipline regulations of the inter-bank bond market, upon deliberation at the 3rd self-discipline meeting in 2022, Blu-ray Development was given a serious warning, and its debt financing instrument-related business was suspended for 18 months; Comprehensive and in-depth rectification; warned Chi Feng, the then legal representative and president of the company, and identified him as an inappropriate candidate for 6 months: criticized Ou Junming, the company's then-financial director.
In addition to receiving the "Decision on Self-Disciplinary Action in the Interbank Bond Market", Blu-ray Development also received an inquiry letter from the Shanghai Stock Exchange on matters related to the company's performance forecast on January 28.
On the evening of January 28, Blu-ray Development disclosed the 2021 annual performance forecast. The announcement showed that the company's net profit loss attributable to shareholders of listed companies in 2021 is expected to be 12.037 billion yuan, and the net profit loss after deducting non-recurring gains and losses is 11.273 billion yuan.
In 2020, Blu-ray Development's net profit attributable to shareholders of listed companies was 3.302 billion yuan, and the net profit after deducting non-recurring gains and losses was 2.997 billion yuan.
Regarding the reasons for the loss of performance, Blu-ray Development said that due to the combined influence of the industry environment and the financing environment, refinancing in the open market was blocked, liquidity was tense in stages, and some financial institutions ran on debt repayments, which eventually triggered some of the company's debts to be overdue and debt defaults occurred. , had a greater impact on the company's operations.
According to the company's internal control policies and procedures for financial reporting, and based on the preliminary financial statements prepared by the entities included in the company's consolidated financial statements, the company's financial department has preliminarily consolidated and estimated that the company will have a large operating loss in 2021 compared with 2020, and the estimated loss amount About 4.394 billion yuan.
In the inquiry letter, the Shanghai Stock Exchange asked Blu-ray Development to combine the project carry-over of the real estate business and other operating conditions, to explain the specific reasons and rationality of the large losses in the fourth quarter of 2021, and whether there are costs and expenses that should be carried over but not carried over in the first three quarters, etc. Profit adjustment; additionally list the specific amount of impairment provision for each item in the inventory, and explain the reasons for the large impairment provision in the current period and the factors such as the location distribution of the item, development situation, sales progress, market supply and demand, etc. rationality.
As of the close at noon, Blu-ray Development reported 2.01 yuan per share, an increase of 0.5%.