The net profit is only 38.29 million, but buying a villa costs 75.54 million! Listed company: office property: only live!

Jin 'an International recently announced that the company purchased the property located at No.75, Zone 2, Lane 588, Jinfeng Road, Minhang District, Shanghai in the name of its wholly-owned subsidiary, Shanghai Ji Guo Electronic Materials Co., Ltd. (hereinafter referred to as "Ji Guo Electronics"), with a construction area of 442.95 square meters and a total price of 75.5496 million yuan, which was used for comprehensive office business such as customer reception and business negotiation.

Recently, a reporter from shanghai securities news found on-the-spot investigation that the above-mentioned property that Jin Anji Jiguo decided to buy was not only named as "Shanghai Top Villa", but also the property owner clearly defined it as personal residence and could not be used for office. In the announcement, Ji Guo did not mention the nature of the use of the property and other information.

165438+1On October 23rd, the reporter called Jing Cheng, the director of Jinan Ji Guo, and the other party hung up the phone because it was inconvenient to answer the phone. The staff of Jinan Jiguo Securities Department responded that the company is currently headquartered in an industrial park and its reception capacity is limited. The above-mentioned property can be used to receive important customers, and the property can preserve its value.

Wang Zhibin, a lawyer of Shanghai Minglun Law Firm, said that from the current situation, listed companies may have information disclosure problems. First of all, the company announcement did not disclose the nature of real estate use; Secondly, whether the company can buy the above-mentioned real estate is controversial and needs to disclose the risks in the announcement, but it is not mentioned in the announcement at present.

Investors questioned the company's reply to the "office" twice.

Jin 'an International announced the work of buying a house, which immediately triggered investors' doubts. 165438+1On October 7th, some investors asked Jin 'an Ji Guo on the interactive platform: "Why did the company spend more than 70 million yuan to buy a villa? The land we shot last time was not well built. Who lives in this villa? Is it reasonable to spend company money to live in a high-end villa? "

165438+1October 10, Jin 'an Ji Guo replied to investors on the interactive platform that the company purchased the property to meet the needs of the company's business expansion and development, and it was mainly used for comprehensive office business such as product promotion, customer reception and business negotiation.

By comparison, it can be seen that the above reply of Jinan Jiguo is the same as that mentioned in its announcement165438+1October 7. However, in the announcement of Jinan Ji Guo, the nature of the use of the purchased property was not disclosed, and the related risks were not revealed.

This is obviously unconvincing. On June165438+1October1day, the above-mentioned investors once again raised the question: "What is unacceptable for the company to spend more than 70 million yuan to buy villas to receive customer promotion? Have to go to the villa? Why not find a reliable and reasonable one, then just sell the company land? Anyway, your reception and promotion are in the villa. "

Property: "Shanghai Top Villa" is only used for living.

It seems that Jinan International's purchase of "Shanghai Top Villa" office does not meet the relevant laws and regulations and residential property requirements.

"Our property is essentially residential, with living as the ultimate goal." 165438+ 10/9, the staff of Shanghai Xijiao Manor Property Management Co., Ltd., who is in charge of villa property, said that if there are other housing needs, the business buildings around the company can meet them.

Jinan Ji Guo announced: "The company purchased the above-mentioned real estate this time to meet the needs of business expansion and development, which is mainly used for comprehensive office business such as product promotion, customer reception and business negotiation."

Jin Anji and Shanghai Xijiao Manor Asset Management Co., Ltd., the second largest shareholder of the above-mentioned property company, purchased this house, and the actual controller was the same person.

In view of the above-mentioned purpose put forward by Jin' an Ji Guo, the property staff clearly refused to operate: "After all, this is a high-end residential area, unlike the independent private houses outside."

"A similar situation happened in the community." The above-mentioned property staff said, "(We) took immediate action, and (the parties) compensated a lot of expenses, and one of their lease rights was not guaranteed, which in itself violated the terms."

Lawyer Yang Chen, director of Beijing Yizan Law Firm, said that according to the provisions of China's Civil Code, the use of residential houses for commercial purposes must comply with laws and regulations and the management regulations of the community, and be unanimously agreed by interested owners. Among them, interested owners include adjacent owners of the property.

Article 279th of the Civil Code of People's Republic of China (PRC) stipulates that the owner shall not change the house into a business house in violation of laws, regulations and management regulations. If the owner changes the house into a business house, in addition to complying with laws, regulations and management regulations, it shall also be unanimously agreed by the interested owners.

Yang Chen further analyzed that listed companies should show that their residential commercialization behavior complies with relevant laws and regulations when fulfilling their information disclosure obligations. The local real estate administrative department has the right to punish some illegal acts of converting residential buildings into commercial buildings.

165438+1October19th, reporter shanghai securities news visited No.75, Zone 2, Lane 588, Jinfeng Road, Minhang District, Shanghai, and found that the address was an independent three-story villa, which was luxuriously decorated in appearance.

The residential area where the above address is located is Xijiao Manor, which corresponds to the counterparty who bought the real estate mentioned in the announcement of Jinan Jiguo.

According to public information, Xijiao Manor is located in Huacao Town, Minhang District, Shanghai, covering an area of 1.500 mu. It belongs to Shanghai's top villas and international residential quarters. The first and second phases were completed and put into use at the end of 2002 and 2003, respectively, and won the gold medal in the selection of "The Third Excellent Housing in Shanghai" in 2003.

The reporter visited Xijiao Manor and saw that there are independent villas around. The address near No.75 is the English hotel club of Xijiao Manor in Shanghai. The sign on the road says "Club".

"At present, the average price is almost 230,000 to 25. 1 one thousand square meters." According to the above-mentioned property staff, there are single-family villas with private gardens around, with a basic construction area of more than 300 square meters and a larger area of more than 500 square meters.

The net profit in the first three quarters was only 38.2963 million yuan.

Compared with spending 75,549,600 yuan to buy "the top villa in Shanghai", Jinan Jiguo's net profit in the first three quarters of 2022 was 38,296,300 yuan, down 94.65% year-on-year. According to the company, it is mainly caused by the decline in volume and price of copper clad laminate and the decline in gross profit margin.

Jin Anji introduced that the company is engaged in research and development, production and sales of copper clad laminate, which is the basic material in the electronics industry. The main products include all kinds of common FR-5, FR-4, CEM-3 series copper clad laminate, aluminum-based copper clad laminate, prepreg and other products, as well as special specifications of halogen-free environmental protection, high flame retardancy, CAF resistance, high TG and high CTI series copper clad laminate products.

Judging from the current performance and business of Jinan Ji Guo, it seems unnecessary to buy a "Shanghai Top Villa" office.

At the same time, Jinan Ji Guo purchased the above property in the name of its subsidiary Ji Guo Electronics. It is striking that the registered place of Ji Guo Electronics is "No.33 Baosheng Road, Songjiang Industrial Zone, Shanghai", which is also the registered and office address of Jinan Ji Guo.

The address of the property purchased by Ji Guo Electronics this time is "No.75, Lane 2, No.588 Jinfeng Road, Minhang District, Shanghai". According to the map software, it takes 35 minutes to 60 minutes to drive from the registered and office address of Ji Guo, Jinan, and the distance is 26 kilometers to 30 kilometers.

Nearly 1 100 million yuan has been spent on land at the beginning of the year.

In addition, investors are puzzled by the land purchased by Jin 'an Ji Guo for office at the beginning of this year.

65438+1On October 26th, the board of directors of Jin 'an Ji Guo passed a resolution that Jin Shanghai Anji Guo Industrial Co., Ltd., a wholly-owned subsidiary, purchased JT-19-003 (SJP00106 Unit 24-0 1) in jiuting town Industrial Zone, Songjiang District, Shanghai with its own funds of 96.9 million yuan.

Jin Anji introduced that the company's purchase of the above-mentioned land use rights is mainly used for the construction of the group headquarters, the copper clad laminate headquarters, the pharmaceutical board headquarters, and the R&D center and operation center of the group enterprise. Centralized office work after the completion of the headquarters base is conducive to improving the scale effect, speed effect, combination effect, synergy effect and management effect.

According to the plan, the total construction area of the above-mentioned land is 84,000 square meters, including 6 1.500 square meters of above-ground buildings and 22,500 square meters of underground buildings. The project is expected to start in the second half of 2022 and be completed in the second half of 2025. It is estimated that the total investment will not exceed 900 million yuan.

Jin Anji said that the location of the company's headquarters is close to Shanghai, which is in line with the future development plan. It will make full use of Shanghai's location advantages, attract high-end talents at home and abroad, enhance the scientific research and innovation ability of enterprises, and provide hardware guarantee for sustainable development.