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Sudden! Another company has been suspended from military procurement.

Source: China Fund Daily

Yishan, a reporter from China Fund News

On the evening of April 16, Xinyu Guoke suddenly announced that the company was prohibited from participating in military material engineering service procurement activities for two years.

The company was punished for bid rigging

It is understood that on April 16, the military Procurement Network issued a penalty notice, saying that after investigation, Jiangxi Xinyu Guoke Science and Technology Co., Ltd. had similar problems with the bidding documents of the other two companies when participating in the procurement activities of a certain project. it is determined to be colluding with each other in bidding, dealing with invalid bidding, abolishing the bid for the project, and other violations.

According to relevant regulations, Xinyu Guoke has been prohibited from participating in military material engineering service procurement activities for two years from April 16, 2024. During the prohibition period, other enterprises controlled or managed by Jin Weiping, the legal representative, are prohibited from participating in the above-mentioned scope of military procurement activities, and Hou Shuai, the bidding representative, is prohibited from representing other suppliers to participate in the above-mentioned scope military procurement activities.

Attach great importance to it and will strengthen compliance management

Xinyu Guoke said that at present, the overall operating situation of the company is normal, and the relevant contracts signed before the ban can still be carried out normally. During the prohibition period, the company is not allowed to participate in the procurement of military materials and engineering services, but its participation in the procurement of central military industrial groups, local military enterprises and other non-military materials and engineering services is not affected.

It is understood that from 2021 to 2023, the proportion of the company's operating income with the army to the company's main business income does not exceed 1% every year.Baccaratdiamant.5%, therefore, Xinyu Guoke said that the incident had little impact on the overall operation of the company. At the same time, this penalty decision does not belong to administrative punishment and does not touch the situation of compulsory delisting in major violations of the relevant provisions. In addition, Jin Weiping, the former legal representative of the company, retired in August 2023 and does not hold any positions in the company or subsidiaries.

However, Xinyu Guoke stressed that the company attaches great importance to the follow-up will actively apply for reconsideration, if the final penalty changes, will be announced in time. At the same time, the company will strengthen compliance management, further enhance compliance awareness, and constantly improve the standard operation level.

The performance has been steady in recent years.

According to the data, Xinyu National Science and Technology was established in May 2008. Since its establishment, it has been engaged in the research, development, production and sales of explosive devices and related products. At the same time, it has carried out military and civilian products business and is committed to the development of dual-use technology industry. The company went public in November 2017.

Judging from the financial data, the company has performed steadily in recent years, with year-on-year growth in revenue and net profit for three consecutive years from 2020 to 2022.BaccaratdiamantAccording to KuaiBao's performance in 2023, during the reporting period, the company is expected to achieve revenue of 389 million yuan, an increase of 14.05% over the same period last year, and a net profit of 75.737 million yuan, up 14.08% over the same period last year.

On the number of shareholder households, Wind data show that as of April 10 this year, the total number of shareholders of the company is about 20, 000.

As of April 16, Xinyu Guoke shares were at 19.76 yuan, up more than 13% from the low in early February, with the company's latest market capitalization of 4.6 billion yuan.