658jackpotprizetoday| The internal conflicts among computing power bull stocks continue to escalate! Key figures fired

On the evening of April nineteenth658jackpotprizetodayHongbo shares (Protection of Rights) (002229), the company's deputy general manager, officially broke up with Zhou Jiuyi, deputy general manager of the company.

According to the announcement, Hongbo shares said that the 26th meeting of the sixth board of directors was held on April 19 and the bill on the dismissal of the deputy general manager of the company was approved by a vote of 6 for, 0 against and 0 abstention.

After examination and approval by the nominating committee of the board of directors, the board of directors of Hongbo Co., Ltd. has agreed to dismiss Ms. Zhou Yingyi as deputy general manager, effective from the date of examination and approval of the board of directors. After the dismissal, Ms. Zhou Yingyi will no longer hold any position in the company, and this dismissal will not have a significant impact on the daily production and business activities of the company.

In addition to the deputy general manager of Hongbo Co., Ltd., another well-known position is CEO, an important subsidiary of Hongbo. On April 16, social media broke that InBev fired some of its employees, including the CEO week, which attracted a lot of attention. Because in the impression of many investors, Zhou Yingyi was once "exclusively favored".

For example, Hongbo shares said in the dismissal announcement that as of the date of disclosure of this announcement, Ms. Zhou Yingyi held 850000 shares of the company, accounting for 0% of the total shares of the company.658jackpotprizetoday.17%. In November 2022, Hongbo disclosed the list of incentive recipients under the restricted stock incentive program, with only one person on the list, and the number of restricted shares granted was 850000 shares.

In this regard, the Shenzhen Stock Exchange specially issued a letter of concern, requiring Hongbo shares to explain in detail the specific position, responsibility, service time, work performance, contribution to the operation of the company and other matters of the incentive object, and explain the method of selecting the incentive object and its rationality, and whether there is a situation of benefit transfer.

Hongbo's reply also smacks of "overbearing president", saying that InBev Mathematical Division is the only operator of the company's Beijing AI Innovation Enablement Center. Zhou Yingyi, as the general manager of InBev Mathematical Division, comprehensively leads the day-to-day operation and business decision-making of InBev Mathematical Division, and is also a key figure in the smooth landing of the project. The company comprehensively considered Ms. Zhou's work content and importance, salary cost and other factors, and the number of rights and interests to be granted to the incentive object matched its contribution to the company.

Not only that, Zhou was quickly promoted in April 2023 and was appointed deputy general manager of Hongbo, in charge of the company's business in the artificial intelligence AI segment. Just two months later, in June 2023, Hongbo disclosed the list of recipients of the 2023 restricted stock incentive plan for the first time, and Zhou Yun was awarded 1 million restricted shares.

At that time, when the share price of Hongbo shares was soaring, Hongbo shares were linked with Nvidia with the help of InBev's business, and the company's share price closed at 45.29 yuan per share on August 22, 2023, setting an all-time high. For the whole of 2023, Hongbo shares rose by nearly 600%, and the market attracted a lot of attention.

The change followed, first Hongbo shares urgently terminated the 2023 restricted stock incentive plan, and said in the relevant announcement that it was affected by multiple factors such as changes in the macro environment and increased uncertainty in global development.

After that, the more concerned annual performance forecast for 2023 "changed face".

On the evening of April 12, Hongbo shares disclosed the revised announcement of the 2023 annual performance notice, adjusting the estimated profit of 37.4 million yuan to 56.1 million yuan to a loss of 50 million yuan to 58 million yuan, and the estimated operating income from 850 million yuan to 998 million yuan to 590 million yuan to 650 million yuan.

Hongbo said that InBev started cooperation with Beijing Jingneng International Holdings Co., Ltd. (hereinafter referred to as "Beijing Jingneng") on the procurement of equipment for the construction of the Intelligent Computing Center in 2023. As of December 31, 2023, the company had received the first contract payment of 499.84 million yuan from Beijing Jingneng for the above-mentioned cooperative project, and the company had delivered some of the equipment and obtained a periodic equipment acceptance confirmation form. Shanghai Accounting firm (Special General Partnership) believes that the company should not recognize revenue until all equipment for the project has been delivered and the final deployment has been completed, and the related income shall be deducted from the operating income. Therefore, the company corrects the financial indicators in the performance forecast.

After the performance forecast "changed face", the Fujian Securities Regulatory Bureau soon took administrative and regulatory measures to issue warning letters to Hongbo Chairman Ni Hui and Chief Financial Officer Puwei, and the Shenzhen Stock Exchange also issued a letter of concern. Disciplinary proceedings will be initiated against the company and related parties.

In an interview with a reporter from Securities Times e Company, Zhou Yun held different views on the adjustment of income recognition, but he also expressed respect for the opinions of audit institutions.

Zhou Yingyi believes that Beijing Jingneng has paid the first contract payment, and the equipment involved is entrusted to InBev in a quasi-operational state, and the revenue should be recognized. She also told the Securities Times e that the listed company asked InBev to coordinate with Beijing Jingneng to sign the "escrow agreement" on the grounds that the equipment was still in the GLP data center leased by InBev, and there was no transfer and delivery of the goods. She replied that Beijing Jingneng's self-built computer room does not have the operating conditions at present, and then they are also talking about the acquisition of GLP computer room. The equipment has been put on the test task of electrified running, not "generation storage", but to meet the needs of customers.

Zhou Yingyi also provided the Securities Times e Company reporter with the "support letter on ensuring the Safety of Computing Server assets" sent by Beijing Jingneng to GLP China, which was signed on April 16. According to the contents of the letter, Beijing Jingneng made it clear to GLP China that the computing power servers are the assets that the company needs InBev to ensure the final full delivery, and the ownership is Beijing Jingneng. In order to ensure the safety of the assets, they cannot be transferred without consent.

While disputes with key figures have occurred, Hongbo's controlling stake has also changed.

Less than two months ago, on February 28, 2024, Hongbo shares announced that the shares held by the company's shareholders Yutai Holdings and Huiyi Trading had been judicially withheld as a result of a contract dispute. Yutai Holdings and its concerted actor, Huiyi Trading, reduced their shares in the company from 3.36% to 0.65%.

After the judicial deduction, the controlling shareholder of the company changed from Yutai holding and Huiyi Trade to no controlling shareholder, and the actual controller changed from Li Xiaolin, Yang Kai and Mao Wei to no actual controller.

(article source: Securities Times e Company)