This outfitting company also wants to engage in “Metaverse”, the stock price is two-tier, and the Shenzhen Stock Exchange issued a letter of concern

The Shenzhen Stock Exchange issued a letter of concern to Zhongzhuang Construction, paying attention to the company’s previous announcements of suspected hot spots and asking the company to explain the specific situation of the business.

On the evening of December 20, China National Equipment Construction (002822, SZ) issued an announcement stating that it would join hands with Hongmeng Times to jointly develop Metaverse applications, blockchain and other projects, and then ushered in two daily limits.

It’s a familiar taste again! In the month of December, Zhongzhuang Construction announced the layout of emerging industries three times with the help of the announcement of strategic cooperation. The first two were new energy and photovoltaics, and this time was Metaverse. Opening on the 21st, Zhongzhuang Construction had a daily limit and closed at the daily limit on the same day. On December 22, China National Equipment Construction reached its daily limit again at 6.92 yuan, an increase of 10.02%.

This outfitting company also wants to engage in "Metaverse", the stock price is two-tier, and the Shenzhen Stock Exchange issued a letter of concern

In the morning of December 22, the Shenzhen Stock Exchange issued a letter of concern to Zhongzhuang Construction, paying attention to the company’s previous announcements of suspected hot spots and asking the company to explain the specific situation of the business.

In addition, regarding one of the partners of this time, Shenzhen Hongmeng Times Virtual Reality Technology Co., Ltd. (hereinafter referred to as Hongmeng Times), there have been many media reports on the company’s strategic cooperation agreement with the titles “Huawei Hongmeng” and “Huawei Detonation”. For interpretation, the Shenzhen Stock Exchange requires the company to explain whether there is an association or other relationship between the strategic partner Hongmeng Times and Huawei.

The “Daily Economic News” reporter noted that only from the shareholding structure of Hongmeng Times disclosed in the announcement, its shareholders are all natural persons, with Wang Gang holding 80% and Li Wenqing holding 20%.

This outfitting company also wants to engage in "Metaverse", the stock price is two-tier, and the Shenzhen Stock Exchange issued a letter of concern

In addition, the “Daily Economic News” reporter noticed that although Zhongzhuang Construction is mainly engaged in architectural decoration, the company is keen to chase market hotspots. In recent years, when the relevant topics in the market were the hottest, Zhongzhuang Construction has successively announced “precisely” to cut into blockchain, cloud computing and other businesses. Behind the intensive layout of new industries, are these businesses synergistic with the company’s main architectural decoration business? Does the company have enough manpower, capital and resources to operate? How about the business contribution?

According to the 2021 semi-annual report of Zhongzhuang Construction, the company’s operating income constitutes 93.12% of the building decoration industry and 6.88% of the property management and services. There is no business related to these hot topics. “The cooperation between the company and these companies (referring to the cooperative companies of new energy photovoltaics) is currently in the preliminary demonstration and discussion stage. The contribution to the company’s future performance needs to be gradually realized in the future cooperation process.” China Construction Securities Department 21 Japan said in response to an interview with reporters.

Zhongzhuang Construction joins hands with Hongmeng Times to jointly develop Metaverse applications and other projects

On the evening of December 20, Zhongzhuang Construction issued an announcement stating that the company and Shenzhen Zhongzhuang Cloud Technology Co., Ltd., Shenzhen Mozhe Security Technology Co., Ltd., and Shenzhen Hongmeng Times Virtual Reality Technology Co., Ltd. recently signed the “Strategic Cooperation Framework Agreement.” , The parties jointly develop the integration and innovative application of technology such as building intelligent big data information processing, AI visualization, Metaverse application, intelligent construction system, building information model (BIM), Internet of Things, blockchain and other technologies in the architectural decoration industry.

At the moment, the concept of “Metaverse” is “on one point” in the capital market. It opened on the morning of the 22nd. China Equipment Construction did not unexpectedly gain a daily limit of 6.92 yuan per share, which was the second consecutive daily limit.

In fact, the concept of “Metaverse” continues to be hot, and its application in the home furnishing industry has long been discussed. With 3D, VR, AI and other technologies, it may be possible to satisfy people’s desire to have an ideal home in the virtual world. So, as a listed company that is mainly engaged in infrastructure construction services, is there any real material for Zhongzhuang Construction’s “Metaverse” this time?

A closer look at the announcement reveals that the cooperation methods and content disclosed by China National Zhuangzhuang Construction are: co-hosting, co-organizing or participating in various forums, seminars, salons, promotion meetings, exhibitions and other forms of public activities, and reasonably sharing the cost of activities. The specific apportionment method will be determined through negotiation; Party A and Party B shall designate cooperation agencies for Party C and Party D throughout the country. Party C and Party D have the right to supervise Party A’s market operations. Supervision includes product promotion, price system maintenance, and regional customer coordination (friendly consultations with special customers in the region and joint development).

This can’t help but wonder: the “Metaverse” of the decoration industry is to cooperate in organizing activities? Regarding the technologies and resources contributed by the parties in this cooperation, the specific concepts of the so-called “building intelligent big data information processing”, “building information model (BIM)”, etc., the content and types of joint activities, the timetable for cooperation, etc. The company did not elaborate on the content in the announcement.

As for the cooperation goals, China National Equipment Construction only vaguely and broadly stated as “helping all parties to further enhance the richness of products and services, optimize customer service scenarios and service levels, expand the resource reserves of all parties’ customer platforms, enhance brand awareness, and realize the future The strategy of market expansion will create greater commercial value for all parties.”

Regarding the specific details of the cooperation, a reporter from “Daily Business News” interviewed Zhongzhuang Construction via email on December 21. The company’s securities department replied: “In this cooperation, Zhongzhuang Construction will combine its own advantages in BIM design. As a result of the solution, technologies such as virtual reality VR and augmented reality AR are applied to the architectural decoration industry to promote the revolution of design visual expression. All these applications require Zhongzhuang Cloud Technology, a wholly-owned subsidiary of Zhongzhuang Construction, to provide the foundation for the big data center. Services and cloud services.”

Frequently catch up with hot topics

In recent years, Zhongzhuang Construction has been happy to chase market hotspots.

The first is “blockchain”. In August 2019, Zhongzhuang Construction disclosed an announcement that the company and Shanghai Pigeon Information Technology Co., Ltd. jointly established a blockchain financial platform, and subsequently announced an increase in the latter’s capital with 30 million yuan.

In December 2019, Zhongzhuang Construction signed a strategic cooperation framework agreement with Hengyu Group Holdings Co., Ltd., and plans to jointly fund the establishment of a joint venture company in Macau, dedicated to building decoration business, application of blockchain, Internet of Things, smart home and other new R&D and application of technology in the field of architectural decoration industry.

On February 6, 2020, Zhongzhuang Construction continued to “overweight” the blockchain, saying that it plans to increase the capital of Axis Group Co., Ltd. by 54 million yuan to obtain 30% of the company’s equity to extend the company’s blockchain project.

The second is “cloud computing.” In February 2020, Zhongzhuang Construction announced that it intends to invest 100 million yuan in its own funds to establish a wholly-owned subsidiary “Shenzhen Zhongzhuang Cloud Computing Technology Co., Ltd.” whose business scope includes cloud platform services, cloud software services, and cloud infrastructure Services, big data services, etc.

The third is “new energy”. On December 1st and December 6th, China Construction Construction successively issued two announcements of signing strategic cooperation agreements, and jointly expanded photovoltaic curtain wall and domestic roof photovoltaic power generation projects with Zhongshan Ruike New Energy Co., Ltd., and Shenzhen Run High Wisdom Industry Co., Ltd. and China Resources Wisdom Energy Co., Ltd. are cooperating on county-wide photovoltaics, rooftop photovoltaics, industrial park photovoltaics, and old community renovation projects.

Has been questioned and warned that the new industry has not yet contributed performance

The “transformation” of Zhongzhuang Construction seems to be a bit rushed in the industries that have been deployed in many outlets one after another, and it has even been questioned by the outside world to use hot spots to speculate on stock prices.

From the perspective of the type of announcement, the “convention” of Zhongzhuang Construction is to sign a strategic cooperation agreement, but it is basically a conceptual expression in terms of cooperation content and cooperation goals. For specific business development paths, resource reserves, feasibility analysis, etc. Cherish ink like gold”.

In February 2020, Zhongzhuang Construction received an inquiry letter from the Shenzhen Stock Exchange and was asked to combine the current research and application stages of cloud computing and blockchain technology, competition in the same industry, and the company’s personnel, funds, and technology in related businesses. Patent reserves indicate whether the company’s investment in cloud computing and blockchain business has the corresponding business foundation and feasibility, whether it has core competitiveness, and provides adequate risk warnings. At the same time, the Shenzhen Stock Exchange also requires China National Equipment Construction to self-examine whether there is a situation of using cloud computing, blockchain and other concepts to speculate stock prices, and whether there is a situation of cooperating with shareholders to reduce their holdings.

What is even more exaggerated is that in order to cater to the hot spots, Zhongzhuang Construction did not hesitate to make false disclosures before, and received a warning letter from the Shenzhen Securities Regulatory Bureau for this reason. The Shenzhen Securities Regulatory Bureau found that on November 1, 2019, Zhongzhuang Construction replied to investors on the Shenzhen Stock Exchange Interactive Platform that “It was recently learned that the central bank’s digital currency working group met in Shanghai with the head of Zhongzhuang Construction’s blockchain and Shanghai Fang Yushu, CEO of Hawk Pigeon Information Technology Co., Ltd., conducted in-depth communication on the development, access and testing of digital currency in the field of architectural decoration. Zhongzhuang Construction and Hawk Pigeon Information may participate in the first batch of data on the central bank’s digital currency.” When asking questions, confirm that the above information is true. That night, the People’s Bank of China issued information to clarify the above rumors through the Shanghai Securities News and China Securities News. The Shenzhen Securities Regulatory Bureau pointed out that the information disclosure of Zhongzhuang Construction was untrue and inaccurate, and violated the letter and disclosure regulations, and decided to take administrative supervision measures to issue warning letters to Zhongzhuang Construction.

So, is there any actual progress in the emerging industries that China National Equipment Construction has frequently deployed over the years? In the 2021 semi-annual report, Zhongzhuang Construction mentioned that in 2020, the company will acquire 60% of the shares of Guangdong Shunde Kuanyuan Electronic Technology Co., Ltd. to deploy IDC’s new infrastructure field. The project is currently in the construction stage; in terms of blockchain, the company independently researches and develops The Zhongzhuang Smart Chain platform is the first blockchain technology service platform that empowers the development of the building decoration industry. It uses blockchain technology to solve the industry’s cash flow pain points and helps upstream suppliers to obtain bank financing through the platform.

In the field of new energy, Zhongzhuang Construction stated in its latest investor exchange event (September 21, 2021) that the company has started photovoltaic new energy business in 2011, and the company has completed several photovoltaic new energy projects in the past ten years. . As far as this year is concerned, the company’s disclosed new energy projects include the Henan Xuchang 50MW wind power project with a contract value of 416 million yuan.

However, the emerging industries frequently deployed by Zhongzhuang Construction have not yet contributed much operating income. In the 2021 semi-annual report, the composition of Zhongzhuang Construction’s operating income was 93.12% in the construction and decoration industry and 6.88% in the property management and services. They are the company’s traditional main business. There are no hot topics such as blockchain and cloud computing. The figure, even the new energy that has been deployed for ten years is the same.

“In terms of new energy photovoltaics, the company’s new energy subsidiary’s project team has been carrying out various tasks in an orderly manner, and the amount of manpower and capital investment involved is within the company’s controllable range. The company’s cooperation with these companies ( Refers to the aforementioned new energy photovoltaic cooperative company), which is currently in the preliminary demonstration and discussion stage of cooperation, and the contribution to the company’s future performance needs to be gradually realized in the future cooperation process.” China Construction Securities Department told reporters.

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