Negative net profit! The listed enterprise cancels its wholly owned subsidiary

On December 19, Chongqing Three Gorges Paint Co., LTD. (hereinafter referred to as "Chongqing Three Gorges" or the "Company") issued an announcement saying that according to the three-year action plan for state-owned enterprise reform, the current actual operation situation and subsequent business development planning, in order to integrate resources, improve operation management efficiency and reduce management costs, Decided to cancel the company's wholly-owned subsidiary Chongqing Chongqing Three Gorges Chemical Co., LTD.

Chongqing Chongqing Three Gorges Chemical Co., LTD., with registered capital of 50 million yuan and legal representative Hu Zhongchao, was established on July 6, 2015. As of December 31, 2021, Chongqing Chongqing Three Gorges Chemical Co., LTD., total assets of 58.14 million yuan, total liabilities of 0 million yuan, net assets of 58.14 million yuan, 2021 revenue of 22.94 million yuan, net profit of -8.5076 million yuan; As of September 30, 2022, the total assets of the chemical Company were 52.53 million yuan, total liabilities were 0 million yuan, and net assets were 52.53 million yuan. From January to September 2022, the company realized operating income of 0 million yuan and net profit of 54,400 yuan.