Listed companies' blockchain layout is becoming more popular, and the number of companies involved has doubled this year
The popularity of blockchain has fueled the enthusiasm of listed companies to invest, and even more so this year.
Since the beginning of the year, a total of 8 listed companies have disclosed 13 blockchain-related announcements. The number of related announcements has more than doubled compared to the full year of last year, while only 2 listed companies disclosed the same matters in the same period last year.
Blockchain technology will bring great changes to the financial and non-financial fields in the future due to its remarkable characteristics such as immutability, openness and transparency, value transmission, and autonomy. Although blockchain technology has been introduced for a short time and is still in the early stages of development, the relevant listed companies are still very excited. Since this year, there has been a sharp increase in the number of matters disclosed by listed companies involving investment or participation in blockchain companies or blockchain laboratories.
According to iFind statistics, a total of 8 companies have disclosed 13 blockchain-related announcements since 2018, according to the “Securities Daily” reporter. However, in 2017, there were only 6 blockchain-related listed company announcements, and there were only 2 in the same period last year.
However, the “Securities Daily” reporter combed through the announcements of these listed companies participating in regional chains and found that the amount of capital invested by the listed companies is relatively small, and the regional chain companies they have participated in are all startups. They have not yet entered the large-scale, commercial application stage, and their profitability is limited.
For example, according to the agreement signed between Dongxu Blue Sky (10.280, 0.14, 1.38%) New Energy Co., Ltd. and Beijing Rongchain Technology Co., Ltd., the former increased capital of Rongchain Technology by 15 million yuan and acquired 20% of its shares. Of this, 3 million yuan went into Rongchain Technology's registered capital, and the remaining 12 million yuan was included in Rongchain Technology's capital reserve. Dongxu Blue Sky reserves the target company's priority subscription rights for the next round of financing, and also has priority purchase rights and anti-dilution rights. As of December 31, 2017, Rongchain Technology's total assets were 1.378 million yuan. In 2017, it achieved operating income of 5.5861 million yuan and net profit of 3481 million yuan. According to the profit target disclosed in the agreement, Rongchain Technology's net profit for 2018 (after deducting non-recurring profit and loss) is not less than 2 million yuan; not less than 4 million yuan in 2019; and no less than 6 million yuan in 2020.
In addition, Zhejiang China Media Holdings (4.520, -0.12, -2.59%) Co., Ltd. pledged an investment of 3.5 million yuan to jointly fund the establishment of Hangzhou Firebird Blockchain Co., Ltd. with other companies, with a shareholding ratio of 35%. Yuntong Information, a wholly-owned subsidiary of the listed company Radio and Television Express (5.470, -0.10, -1.80%), and Blockchain Cloud and Green Valley Alliance jointly invested in the establishment of Guangzhou Radio and Television Express Blockchain Technology Co., Ltd., with a registered capital of 10 million yuan, of which Yuntong Information invested 4.5 million yuan and held 45% of the shares.
In addition to listed companies that have just started to set up or participate in regional chain companies, blockchain laboratories that are involved in some listed companies have already launched products. Xuanya International Blockchain Laboratory, jointly established by Xuanya International (18.640, -0.19, -1.01%) and Chainji Intelligent Technology (Shanghai) Co., Ltd., recently launched the first product “Yes Or NO”. At the same time, Xuanya International said that the first product launched by the laboratory is currently still in the closed beta stage, and there are still many uncertainties about the product's development efforts, market recognition and profit model in the future.
It is worth noting that the Shanghai and Shenzhen Stock Exchange has always attached great importance to relevant listed companies investing in blockchain companies. It has issued inquiry letters to many relevant listed companies, asking questions about whether investors are sufficiently alerted to risks, blockchain companies' profit models, and whether there is an intention to actively cater to market hot spots and speculate on the company's stock price.
However, in their announcements, these listed companies also indicated that the blockchain business is currently in a period of cultivation and exploration, and that Yuntong Blockchain will not have a substantial impact on the company's business performance in the short term.
Since there are currently few successful applications of blockchain technology, the national regulatory policy is not clear, and it is impossible to accurately estimate whether there will be risks arising from changes in national regulatory policies in the future.
Article Source: Securities Daily
