Dongxu Optoelectronics breached the contract again, and the 3 billion winning ticket failed to be paid as scheduled
On November 17, Dongxu Optoelectronics (000413.SZ) defaulted on the 3 billion medium-term notes. The company announced that due to the company’s tight liquidity and other reasons, the 2016 first phase of medium-term notes (variety one)”16 Dongxu Optoelectronics MTN001A” and the first phase of 2016 midterms that should be redeemed on November 17, 2020 The bill (variety 2)”16 Dongxu Optoelectronics MTN001B” failed to be paid as scheduled, causing default.
Among them,”16 Dongxu Optoelectronics MTN001A” issuance scale is 2.2 billion yuan, interest rate is 7.48%, interest payable is 24.684 million yuan;”16 Dongxu Optoelectronics MTN001B” issuance scale is 800 million yuan, interest rate is 5.09%, interest payable 40.72 million yuan.
In fact, this debt is not the first default. As early as November 19, 2019, the two bonds of”16 Dongxu Optoelectronics MTN001A” and”16 Dongxu Optoelectronics MTN001B” totaled 20.1. The company’s announcement explained that the company’s short-term liquidity difficulties were also due to the company’s short-term liquidity, which caused the interest payable and related repurchase payments to fail to be paid as scheduled.
In addition, the company’s fundamentals are not optimistic. According to Dongxu Optoelectronics’ third quarterly report, the company’s operating income in the first three quarters of 2020 was 4.583 billion yuan, a year-on-year decrease of 63.53%; the net attributable to shareholders of listed companies The profit loss was 1.214 billion yuan, a year-on-year decrease of 207.01%; the basic earnings per share was -0.21 yuan. In the third quarter of 2020, the company achieved operating income of 1.812 billion yuan, down 55.71%year-on-year; net profit loss attributable to shareholders of listed companies was 318 million yuan, down 209.26%year-on-year; basic earnings per share-0.06 yuan.