Blonde Technology's 6.8 billion mask orders are refreshing overseas exports how to avoid the "fairy jump"?

Introduction: Mask concept shares Blonde Technology and a U.S. company signed a $975 million (about 6.8 billion yuan) KN95 mask order terminated! On the evening of August 9th, Mask Concept Syncluse (600143) announced that the $975 million ($6.8 billion) KN95 mask order signed with a U.S. company three months ago was terminated! As a result of the Black Swan incident, on August 10, The Goldilocks fell to 9.95 per cent, closing at Rmb16.74 per share, down 3.68 per cent.
in response to this incident, Blonde Technology received a regulatory letter from the SSE inquiry: was asked to explain the specific circumstances of the contract, supplemented disclosure of the other party's failure to perform the reasons, so far has not disclosed the main considerations and reasons of the counterparty, and the company's internal control over the reliability assessment of major contracts is strict.
mask novices, take advantage of the take-off data show that Blonde Technology was founded in 1993, is a new materials enterprise, products mainly covering modified plastics, light hydrocarbons and hydrogen energy, environmental protection high-performance renewable plastics. During the
outbreak, Blonde technology announced that within 10 days to complete the polymer medical epidemic prevention materials overall solution, including the melting cloth special polypropylene material, nasal beam special materials, including the melt spray cloth is called medical surgical mask and N95 mask "heart."
in the early stages of the epidemic, unusually tight.
at the same time, in addition to the supply of raw materials, blonde technology also began to produce mask products.
reported that around March this year, blonde technology began to produce "allin" masks, and plans to build 56 fully automatic mask production lines.
with the protection of raw materials, coupled with the rapid production of masks, the gold-haired technology on the "mask concept" stock price began to take off.
by mid-May, Blonde technology announced that it had signed a $975 million KN95 mask order from the United States, which is expected to generate more than 50 percent of the company's audited net profit for 2019.
Blonde Technology's 2019 operating income was RMB29,286 million and net profit was RMB1.245 billion.
that is, if the contract is successfully fulfilled, Blonde Technology with this single can get more than 600 million yuan in net profit.
news, blonde tech stocks immediately rose and fell.
Goldilocks shares have fluctuated since then as mask concept stocks have cooled, but overall, Blonde's share price is still up more than 20 per cent from mid-May.
strange orders, mystery buyers fly in a large order of nearly $1 billion, happiness seems to come too suddenly.
soon, however, the huge order showed a bad end.
according to the purchase order agreement, the United States buyer received The form of the invoice provided by Guangdong Blonde within 3 working days, to Guangdong Blonde to pay 40% of the order amount, as of the evening of May 17, Guangdong Blonde provided the buyer with a pro forma invoice.
but three working days later, the funds did not arrive as planned.
May 23, Blonde announced that the buyer due to the collection of funds and large payment process, the order amount of 40% of the upfront payment will be slightly delayed. On June 11,
, Blonde said again that it had not received payments from buyers.
at the same time, Blonde Technology said that the buyer has not paid the prior payment after the extension, the transaction can be followed by the normal performance of there is significant uncertainty, there may be a risk that it can not continue to perform normally.
Has since failed to communicate with the other side several times, only to announce the voluntary termination of the order on August 9.
Although the current blond technology related person in charge of the public response, the order is large, in strict accordance with the contract, because the other party did not pay the down payment, the current order has not yet started production, the company did not have much impact.
however, because of the previous huge order on the capital market stimulus too much, now the negative news, for a time, the market investors completely silly eyes.
it's worth noting that The Big Buy of Blonde technology is too mysterious. according to the
, Goldilocks has not done business with the partner, and the contract counterparty has not disclosed its detailed financial data based on trade secrets and other factors, nor has it provided domestic entity performance guarantee measures.
, in many places around the world during the outbreak, Blonde technology is also more difficult to send personnel to the United States and possible destination countries or regions to conduct on-site investigation, the contract transaction counterpart's performance ability is difficult to make a complete, detailed and accurate judgment.
, Blonde Technology today received a regulatory letter from the SSE on the matter, was asked to state the specific circumstances of the contract, to supplement the disclosure of the other party's failure to perform the reasons, so far to disclose the main considerations and reasons of the counterparty, and whether the company's internal control over the reliability assessment of major contracts is strict.
the current blonde technology to cover up the partner's information, and even let it into the "fake contract" LuoShengmen controversy.
and whether it encountered fairy jump, there are some hidden feelings and strange, to further water fall out.
mask export or will meet the small climax, how to avoid being "fairy jump"? Before the blonde technology, BYD also suffered a wave of U.S. mask orders.
on April 20 this year, BYD signed a $1 billion contract with the California government to purchase masks, BYD delivered $1 billion worth of masks, federal agencies refused certification, and asked BYD to refund the state of $247 million deposit, BYD said its production of N95 masks has passed THE NIOSH physical test, and the other side refused to approve because of a problem with the documents.
good in June, BYD's masks were finally certified by the u.S. authorities and successfully exported to the U.S.
in July, California ordered BYD an additional 420 million masks, including 300 million medical surgical masks and 120 million N95 masks, worth $315 million (about 2.2 billion yuan).
the background of additional mask orders, is that overseas is still facing a serious situation of the epidemic situation, and the number of new one-day has remained high, reflecting the overseas market to a certain extent of dependence on China's anti-epidemic materials.
China exported epidemic prevention materials to 200 countries and regions from March 1 to May 31, including 70.6 billion masks, according to the White Paper on China's Action against the New Crown Pneumonia Outbreak released by the Information Office of the State Council.
, the United States, the United Kingdom, Germany, France, Singapore, Australia, Ireland and Malaysia have introduced a "mandatory mask order", Google Trends showed that the number of mask-related searches in July showed a rising trend.
experts predict that the mask export may usher in another wave of high tide.
However, despite the shortage of overseas anti-epidemic materials, experts believe that foreign-related trade affairs still need to be cautious, strictly control policy changes, foreign trade environment and other risk factors.
at the same time need to sign the contract, strictly grasp the following factors: 1, clearly define the nature of the use of masks for civil or medical use;
in general, cross-border trade must be compliant and legal, and beware of buyers "temporarily changing" or "counting after the autumn".
and after a series of epidemic prevention materials export turmoil, the domestic also introduced internal and external regulatory policies: 1. For the export of masks and other products as anti-epidemic materials, by the unified distribution and dispatch by the state, no country can directly to local enterprises to place a single epidemic prevention materials.
(external defense, the realization of epidemic prevention materials sales of the national chess, blocking the unscrupulous procurement of the opportunity to mess.
) 2. Export of medical materials such as masks must obtain the registration certificate of medical device products in China, but also meet the quality standards of the importing country (region).
(internal governance, to achieve the quality of epidemic prevention materials a national standard, to prevent speculative enterprises to take advantage of the opportunity to make money.
) Reference: 1. Original BYD's $1 billion mask order was finally finalized thinking 2. Masks are on fire again? Multinational issued a mandatory mask order, mask exportushered small Yangchun.