Noble Bird 2020 Financial Report Shows A Net Loss Of 382 Million Yuan, The Company Even Worse

Since 2020, the news of the company's poor operation and bankruptcy and delisting has been endless. According to the announcement released in December, the company's 1.4 billion yuan default loan has been expected. It is learned that if the noble bird fails to reach an agreement with its creditors, the company will face litigation and arbitration.

As early as September 2020, the company's legal representative, Lin Tianfu, was restricted from consumption due to the failure to perform the payment obligations specified in the effective legal documents within the period specified in the enforcement notice. Moreover, Lin Tianfu was repeatedly subject to court summons and consumption restriction orders.

According to public information, Lin Tianfu was once a director of Fujian noble bird sporting goods Co., Ltd., and served as the chairman and general manager of the company for the past five years. He is currently the chairman and general manager of guirenniao Co., Ltd., and also a director of guirenniao group (Hong Kong) Co., Ltd., Bozhi (Hong Kong) Investment Co., Ltd., Quanzhou haihao cultural goods Co., Ltd., Hongzhan (Hong Kong) Investment Co., Ltd., and Hongzhan (Xiamen) real estate Co., Ltd.

In March this year, 163 creditors reported their claims to the administrator, with a total amount of 4.093 billion yuan. In other words, the noble bird company has been in arrears of nearly 4.1 billion yuan, which is a large sum of money. The noble bird is on the verge of delisting.

In fact, the guirenniao is not without means of reorganization. In March, the noble bird has entered the reorganization procedure. The reorganization has publicly recruited and selected the reorganization investors according to the relevant laws and regulations, but there is also the risk that the reorganization fails and declares bankruptcy.

On April 27, 2021, guirenniao released the annual report of 2020. During the reporting period, the operating revenue of guirenniao was 1.188 billion yuan, a year-on-year decrease of 24.87%; The net loss attributable to the parent was 382 million yuan, and the net loss was 380 million yuan. It is understood that the guirenniao reported a net loss of 1.096 billion yuan in 2019. Therefore, although the revenue of the noble bird decreased last year, compared with the loss of 1.096 billion yuan, it proved that the loss narrowed.

In response to the annual report, kingbird said that the year-on-year decline in revenue and gross profit was due to the impact of the new crown epidemic. It is said that the noble bird is in the layout and operation of online channels. If the information is accurate and the operation is proper, the noble bird may realize profit this year.

Last year, the net loss was 382 million yuan. Although the loss was narrowed, the loss still worsened the company, which owes more than 4 billion yuan.

According to the public information, guirenniao Co., Ltd. was established on July 13, 2004, and its registered address is located in the West Industrial Zone of chendaigou, Jinjiang City, Fujian Province, and its legal representative is Lin Tianfu.   In September 2020, guirenniao Co., Ltd. has been registered by Xiamen intermediate people's court   Quanzhou intermediate people's court is listed as the person to be executed, and the total execution object is about 269 million. In October, Lin Tianfu received a consumption restriction order.