On the evening of May 13, the company announced that it had received an inquiry letter from the Shanghai Stock Exchange. The company had previously launched a restructuring plan to acquire Quantum Cloud for 3.8 billion yuan.
It is reported that Quantum Cloud is a mobile Internet advertising company that relies on the "WeChat ecosystem". It currently operates 981 WeChat public accounts and currently has more than 240 million fans.
The company's main public account, "Kava Micro Cards" and "Daily Hyun", released an average of eight articles each day, including original articles. At the same time, the plan shows that the number of target assets in the editorial departments of 2016 and 2017 was only 16 and 50 respectively.
The letter of inquiry requires the company to provide supplementary explanations on the five aspects of compliance operation risk and policy risk of the underlying assets, transaction rationality, profit model and operating risk of the underlying assets, high valuation of the underlying assets, and risk that the performance commitment cannot be achieved.
According to the disclosure of the plan,The transaction uses the income method to evaluate the Quantum Cloud, with an estimated value of RMB 3.8 billion and an increase rate of 2818.96%.Among them, the predicted net profit from 2018 to 2022 was 2.6580 million yuan, 413 million yuan, 518.6 million yuan, 600.7 million yuan and 6594 million yuan, far higher than the quantum cloud of 871.3 million yuan in 2016 and 15.39 million yuan in 2017. The net profit.