On November 26, Shanghai Yuexin Health Group Co., Ltd. (hereinafter referred to as "Yuexin Health") issued an announcement stating that the company held the 19th meeting of the seventh board of directors on November 25, 2022 to review Passed the "Proposal on Terminating the Company's Negative Ion Health Materials Business".
The announcement shows that from January to September 2022, the operating income of Yuexin Health's negative ion health materials business was 5.4346 million yuan, accounting for 0.64% of its operating income; the net profit of the negative ion health materials business was -15.8609 million yuan, accounting for 0.64% of its operating income. 18.54% of the net profit of shareholders of listed companies.
The announcement also shows that Yuexin Health's termination of the negative ion health material business will lead to impairment of related assets due to the discontinuation of the business, and will increase employee placement expenses, etc. As of September 30, 2022, the total net book value of production equipment and facilities related to the negative ion health materials business was 34.39 million yuan, and the net book value of inventory was 19.03 million yuan. The termination of the negative ion health materials business involved 40 employees.
Talking about the reasons for the termination of the negative ion health materials business, Yuexin Health said that due to the impact of the epidemic this year on the building materials industry and the impact of the national financial credit policy controls on the real estate industry, competition has intensified. In addition, Shanghai will be severely affected by the epidemic in the first half of 2022. The company's negative ion health materials business team is mainly based in Shanghai, and the marketing of related products has been greatly affected. Therefore, the company considered many factors and finally decided to terminate the negative ion health materials business and dispose of the related assets involved in the business. This will further withdraw funds and create favorable conditions for the company's overall business development.
It is reported that Yuexin Health launched SMIC Health Board, an ecological decorative building material with the function of releasing negative oxygen ions, to the market at the end of 2013. In the same year, it established a holding subsidiary Jingzhou SMIC New Materials Co., Ltd. in Jingzhou City, Hubei Province. company, responsible for the production and sales of such products.
