Nanning Sugar will turn its profit into profit in 2019, and plans to apply for cap removal

Nanning Sugar will turn its profit into profit in 2019, and plans to apply for “cap removal”
On April 12, Nanning Sugar Co., Ltd. (stock abbreviated as “* ST Nantang”) released its annual report, saying that in 2019, the company achieved revenue of 36.$ 6.3 billion, an annual increase of 1.8%; realized net profit of 3189.120,000 yuan, an annual increase of 102.34%.Due to the turnaround in 2019, Nantang will apply to the Shenzhen Stock Exchange on April 13 for “cap removal”, and the stock abbreviation will be changed from “* ST Nantang” to “Nanning Sugar”.According to public information, the main product of Nanning Sugar is white granulated sugar, which is mainly used in food, medicine, chemical and biological industries. The main customers include Haitian Weiye, Jiaduobao, Wahaha and other beverage vendors and Guangxi Dinghua Commercial Co., Ltd.Professional dealer.The financial report shows that in 2019, Nanning Sugar Industry’s sugar production was 67.In 2003, sugarcane produced 66 sugar.In April, processed sugar 0.99 digits.Despite the company’s revenue in 2019, the net profit increases every year, but the main business is still in a state of transformation, its non-net profit deduction is -5.700 million, an annual increase of 60.61%.Sauna, Yewang noticed that Nanning Sugar’s non-recurring profit and loss for 2019 reached 6.USD 0.1 billion, which includes the transfer of equity of Guangxi Huanjiang Yuanfeng Sugar Co., Ltd. to obtain investment income of about 2.09 trillion, transfer equity of Hubei Qiaofeng Trading Investment Co., Ltd. to obtain investment income of 0.2.2 billion and so on.Obviously, the above-mentioned supplementary company that sells equity in Nanning Sugar replaces the replacement “non-performing assets”.Food industry analyst Zhu Danpengpeng accepted the sauna. In an interview with Yewang, Nanning Sugar continued to sell supplementary business, which does not rule out the act of protecting the shell and removing the hat.Due to the audited net profit in 2019 and the end of the period, the net assets are reset to a positive value. Nanning Sugar’s stock has been gradually eliminated by implementing the delisting risk warning. Nanning Sugar will apply to the Shenzhen Stock Exchange on April 13 for “cap removal.”If approved, the stock abbreviation will be changed from “* ST Nantang” to “Nanning Sugar”, and the daily limit of stock trading will be restored from 5% to 10%.Sauna, Ye Wang Ouyang Xiaojuan editor Li Yan proofreading Li Ming