The CSRC made a move, and Jiayun Technology was investigated| Jiayun technology

Original title: CSRC takes the initiative to file a case for investigation!

On the evening of May 17, Jiayun Technology It was announced that the Company received the Notice of Filing on the same day. According to the Notification of Case Filing, the CSRC decided to file a case against the company because the company was suspected of illegal information disclosure.

On December 15 last year, Jiayun Technology received the supervision letter issued by Shenzhen Stock Exchange to the company and related parties. The regulatory letter shows that Jiayun Technology failed to perform a number of information disclosure procedures. According to Wind data, as of the close on the 17th, the stock price of Jiayun Technology was 2.66 yuan/share, with a total market value of 1.7 billion yuan.

　　 Once required by Shenzhen Stock Exchange to rectify

Jiayun Technology said that at present, all production and operation activities of the company are carried out normally. During the investigation, the company will actively cooperate with the work of the CSRC and perform the obligation of information disclosure in strict accordance with the regulations.

The reporter noticed that the announcement on the evening of the 17th did not disclose the specific matters of Jiayun Technology's suspected information disclosure violations.

However, on December 15 last year, Jiayun Technology received a regulatory letter issued by Shenzhen Stock Exchange to the company and related parties, which showed that Jiayun Technology had many flaws in the information disclosure process.

Shenzhen Stock Exchange said at that time that in 2021, Jiayun Technology will sell Shenzhen Cloud, a wholly-owned subsidiary acquired through major asset restructuring Space time technology Limited company, related transaction amount is 51.14 million yuan. At that time, Jiayun Technology did not timely disclose the sale of the above-mentioned major asset restructuring and merger subsidiaries, and did not perform the related party transaction review and disclosure procedures.

Shenzhen Stock Exchange also noted that Matthews was jointly funded and established by the company and Guo Xiaoqun, the chairman of the company. From 2021-2022, the company did not disclose the subsequent important progress of joint investment with related parties, such as the sale of Matthews' equity, subsequent litigation mediation, equity reversal, and related parties' sale of their shares in Matthews.

From January to June 2022, Guo Xiaoqun, the chairman of Jiayun Technology, violated relevant regulations and still held administrative positions other than directors and supervisors at the controlling shareholders during the period of acting as secretary of the board of directors; Moreover, the company did not disclose the above positions and their impact on the company's independence and related risks in a timely and sufficient manner.

In addition, the company also has problems such as incomplete registration of insiders and memorandums of progress of major events, inaccurate cost accounting of the company's Internet advertising marketing business, etc.

Therefore, the GEM Company Management Department of Shenzhen Stock Exchange reminds the company and relevant parties that listed companies and their directors, supervisors and senior executives must carefully and timely perform their information disclosure obligations in accordance with national laws, regulations and the GEM Listing Rules. All members of the board of directors of a listed company must ensure that the information disclosed is true, accurate and complete, and that there are no false records, misleading statements or major omissions, and bear individual and joint liabilities for their guarantees.

　　 Business transformation has not yet realized profitability

In terms of performance, in 2023, Jiayun Technology will achieve an operating revenue of 755 million yuan, a year-on-year decrease of 66.81%; The net profit attributable to shareholders of the listed company was -95.5437 million yuan, a year-on-year decrease of 679.41%.

Jiayun Technology said that in 2023, the company will focus on the adjustment of its main business - Internet marketing, carry out diversified layout with traffic operation as the focus, and further optimize the business structure. At the same time, the company carries out beauty and skin care, game research and development, insurance brokerage and other related businesses to explore new growth points. However, the related businesses still failed to make profits in 2023.

The company said that due to the limited scale of operating funds and the failure to obtain the core media agency rights of some mobile phone manufacturers, the company could not directly carry out agency cooperation with OPPO, vivo, Xiaomi and other media in 2023, which affected the number of customers, business income and available media rebate level of the company; In order to ensure the renewal rate of customers and improve the consumption level of customers, the company will give customers some concessions in cooperation with some advertisers in 2023. The above situation led to the simultaneous decline of operating income and gross profit margin of the company's Internet marketing business. Although the company controlled the cost by cutting the team, the Internet marketing business still suffered losses in the year.

In addition, the company's self-developed game "Total War Discipline" won the game version number in the first half of 2023, and the commercialization of related games started in the second half of 2023. At present, there has not been enough water and income to generate profits, so the company's game research and development business is still in a loss state. In the future, the company will continue to optimize its business structure, strive to improve its operating performance and improve its profitability.

Reviewed by: Xiong Yonghong

Editor: Ya Wenhui

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