The hottest net profit loss was 4.3 billion, with

Net profit loss of 430million, down 601% with goodwill of 19million. CSL holdings plans to sell the equity of Henghui cable for 140million. Submission, clues and disclosure email: gongsi@

on March 4, CSL holdings announced the announcement of selling the equity of its holding subsidiary, which showed that in order to solve the capital shortage, increase net cash flow, reduce management pressure and reduce operational risks, The company plans to transfer 51% equity of Wuxi Henghui Cable Co., Ltd. (hereinafter referred to as "Henghui cable") to Jiang Jianqiang and Chu Meiya at the price of 140million yuan. Among them, Jiang Jianqiang transferred 26% equity of Henghui cable held by the company, and the equity transfer amount was 71.8059 million yuan; Chumeiya transferred 25% equity of Henghui cable held by the company, and the equity transfer amount was 69.0441 million yuan. After the transfer, the company will no longer hold the equity of Henghui cable

Jiang Jianqiang is currently the vice chairman and general manager of Henghui cable. Chu Meiya, who now turns the DC motor to apply torque to the test piece, is the director of Henghui cable office

the data shows that by the end of 2019, Henghui cable had a total asset of 770 million yuan, a net asset of 360million yuan and a total liability of 400million yuan; The total operating income is 589 million yuan, the total profit is 12.5582 million yuan, and the net profit is 10.4826 million yuan

previously, CSL holdings released the 2019 annual performance express, which showed that the company's operating revenue, net profit and other performance data have fallen precipitously, and the company's capital chain is tight

the express shows that during the reporting period, the company achieved a total operating income of 7414.6299 million yuan, a year-on-year decrease of 2.90%; The operating profit loss was 173.1903 million yuan of traditional sodium polyphosphate was replaced by high-performance polymer developed by BASF, a year-on-year decrease of 230.35%; The total profit loss was 434.4971 million yuan, a year-on-year decrease of 407.41%; The net profit loss attributable to the shareholders of the listed company was 428.6277 million yuan, a year-on-year decrease of 601.67%

what are the reasons for the sharp decline in performance? CSL Holdings said that in 2019, the company transferred 51% of the equity of its subsidiary Wuxi Xizhou electromagnetic wire Co., Ltd., transferred 62.5% of the equity of its subsidiary Xinjiang CSL New Energy Power Technology Co., Ltd., and transferred 51% of the equity of Henan Hongfeng Cable Co., Ltd., resulting in investment losses

due to the civil litigation judgment, the company undertakes joint and several repayment, which requires the provision of estimated liabilities, resulting in a sharp decline in 2019 annual performance

in the litigation judgment of the factoring case between the company and Haier financial factoring (Chongqing) Co., Ltd., the company fully accrued credit impairment losses for the corresponding amounts

in addition, due to the lower than expected operating performance of wholly-owned subsidiaries Wuxi Mingzhu Cable Co., Ltd. and Jiangsu Yuanfang Cable Factory Co., Ltd., the company expects to accrue goodwill impairment of about 19million yuan

(: Wang Gang hf004)

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