New Australian Shares Four Executives Were "Regulatory Concerns" At The Shanghai Stock Exchange, A Single Champion Demonstration Enterprise In Manufacturing.

The Zhejiang new Australia textile Limited by Share Ltd (hereinafter referred to as "Xinao stock"), which is mainly engaged in R & D, production and sale of worsted yarn, received the decision of the Shanghai Stock Exchange on the supervision of Zhejiang Xinao textile Limited by Share Ltd and relevant responsible persons on the night of July 3rd. It was found that in 2018, Zhejiang new Austria textile Limited by Share Ltd (hereinafter referred to as the new Australian stock or company) and subsidiary company of the controlling shareholder Jin Yuan industries (Australia) Co., Ltd. (hereinafter referred to as Jin Yuan industrial) and Jin Yuan industrial subsidiary Xinyuan Industrial (Australia) Co., Ltd. (hereinafter referred to as Xinyuan Industrial), under the background of no trading background, there were non operating capital transactions. During the reporting period, Jin Yuan industrial and Xinyuan industries occupied 4 million 246 thousand and 200 yuan of listed companies, accounting for 0.18% of the audited net assets of the company in 2017. At the end of the reporting period, the occupation balance was 3 million 162 thousand yuan, accounting for 0.13% of the audited net assets of the company in 2017. As of March 2019, the capital and interest expenses mentioned above have been recovered.

The Shanghai Stock Exchange said that the new Australian shares and related party Jin Yuan industrial and Xinyuan Industrial non operating capital transactions violated the relevant provisions of the notice on regulating the financial transactions between listed companies and related parties and the external guarantee of listed companies. The head of Shi Rendong, Shen Jianhua, as the company responsible person and the first person responsible for information disclosure, vice president and general manager Zhou Xiaotian as the company's daily management and decision maker, the then director and chief financial officer Shen Juanfen, as the company's financial director, the then director and the Secretary of the board of directors, Li Xinxue, as the specific person in charge of information disclosure, failed to fulfill the duty of loyalty and diligence, and was responsible for the company's violation.

In view of the above facts and circumstances, the supervision of a listed company of the Shanghai Stock Exchange decided to make regulatory measures: Zhejiang Xinao textile Limited by Share Ltd and its related party Jin Yuan industries (Australia) Limited, Xinyuan Industrial (Australia) Co., Ltd., the company's then chairman Shen Jianhua, vice chairman and general manager Zhou Xiaotian, director and chief financial officer Shen Juanfen, director and Secretary of the board Li Xinxue Li Xinxue supervision concerns.

Public information shows that the new Australian stock is located in Tongxiang City, Zhejiang province. Its main products are wool worsted yarn and intermediate wool wool top, which is a spinning industry chain with top sliver, modification, spinning, dyeing and finishing.

Reporters learned that at present, the new Australian shares ranked the top three in the global high-end wool worsted industry. The company's current capacity is 94 thousand yuan, and its domestic market share is nearly 7%. At the end of 2019 and early 2020, the company's capacity is expected to reach 122 thousand ingots, and the total capacity in the future is expected to be 156 thousand ingots, and the market share is expected to further increase.

The results showed that in 2018, the total revenue of new Australia shares was 2 billion 566 million yuan, an increase of 10.99% over the same period last year. The net profit attributable to shareholders of listed companies increased by 199 million yuan, a decrease of 3.90% compared with the same period last year. The net profit attributable to shareholders of listed companies after deducting non recurring gains and losses was 203 million yuan, a decrease of 0.49% over the same period last year. The basic earnings per share were 0.51 yuan, and 10 10 shares were sent to 3 yuan (including tax) and 3 shares.

In the first quarter of 2019, new Australia shares realized business income of 717 million yuan, an increase of 37.80% compared with the same period last year. Net profit attributable to shareholders of listed companies was 48 million 783 thousand and 100 yuan, an increase of 38.01% over the same period. Net profit attributable to shareholders of listed companies after deducting non recurring gains and losses was 37 million 943 thousand and 600 yuan, an increase of 9.03% over the same period; and the basic earnings per share were 0.12 yuan. Public Olympic said that revenue growth was mainly related to the expansion of sales scale.

In 2018, the new Australian stock was recognized by the Ministry of industry and information technology and the China Federation of industrial economy as the 2019-2021 single champion demonstration enterprise of the manufacturing industry, and was awarded the single title of the combed wool yarn of the manufacturing industry.

There are about more than 400 clothing brand partners in the market and become the designated yarn suppliers of many well-known clothing brands. In the domestic market, new Australia shares include costumes, Yalong, Costa, YOUNGOR and other clothing brand co authors. In the international market, new Australia shares become one of the designated yarn suppliers of many well-known clothing brands, including Gap (USA), BananaRepublic (USA), JCrew (USA), DKNY (USA), TORYBURCH (USA), TOMMYHILFIGER (USA), COS (UK), BURBERRY (UK), Prada (Italy), Armani (Italy), HUGOBOSS (Germany), Denmark (France), Australia (Australia), Australia (Australia), Japan (Japan) and so on, have become gold medal suppliers. At present, there are about more than 3000 customers in New Zealand, both at home and abroad.