Wotema: "Blast Thunder" Kennedy has suffered a huge loss of more than 3.6 billion yuan

The recent tension in the financing chain of Kennedy Energy has caused a series of chain reactions. After deducting the full value of the goodwill of the subsidiary Shenzhen Wotema Battery Co., Ltd.(hereinafter referred to as "Wotema"), the company's performance in 2017 was "greatly changed". The company is expected to realize in 2017. The net profit of ownership is more than 3.6 billion yuan.

On the evening of April 19, Kennedy released a revised announcement of the 2017 performance, indicating that the company expects to achieve a net profit loss of approximately RMB 3.689 billion attributable to shareholders of listed companies in 2017, which was previously disclosed in the performance bulletin. pointed out, It is expected that the company's net profit in 2017 will be about 522 million yuan. For the reason for correcting the performance, Kennedy said: "Affected by the adjustment of the National new energy industry policy subsidies, the expansion of subsidiary Wotema's business expansion is too fast, the collection of accounts receivable is slow, and the capital chain is strained, resulting in subsidiary Wotema's net profit did not meet expectations. "

In 2016, Wotema completed the acquisition of a 100 stake in the company and completed the transfer in the same year. After Wotema's combined statements, Kennedy's performance has also been greatly improved. The company achieved a net profit of about 425 million yuan in 2016, an increase of 1102.98 yuan over the previous year. Wotema achieved a net profit of 9.6 billion yuan in 2016.

Unexpectedly, Wotema did not perform as expected in 2017. In the announcement, Kennedy Energy stated that after preliminary calculations by the appraiser, the net profit realized by the subsidiary Wotema in 2017 did not reach the profit forecast value, and there will be major differences between the subsequent future profit estimates and expectations. There are significant signs of impairment in goodwill generated by the acquisition of Wotema. In order to accurately reflect the company's assets and financial position as of December 31, 2017, Wotema made a full impairment of the goodwill account formed when he acquired the company.

For the reason why the full amount of goodwill was mentioned, the Beijing Business Daily reporter had called the Kennedy Securities Department for an interview. The other staff member said, "According to reason, a part of the annual goodwill account can be raised. This time it is the regulatory agency's request. Wotema's goodwill is fully impaired."

Under the tight financial chain of the company, Kennedy is also trying to save himself by introducing war investments. "The company's capital chain is indeed tight," said a staff member of the company's securities department. "The company has previously disclosed that it has reduced its debt through debt restructuring and introduced strategic investors in order to introduce funds." Regarding the progress of the incident, the staff member said: "Due to the institutional problems of central enterprises and state-owned enterprises, some approval processes are relatively slower than private companies. The matter is under way, but there is no agreement or written report. "

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