The actual controller of MicroPort Optoelectronics sells shells to cash out is a shame for the Beijing Stock Exchange!

It has only been 2 years since the opening of the Beijing Stock Exchange on November 15, 2021, and we have all been fortunate to experience the hardships of development, which is a precious memory that we will never forget.

However, just after the opening of the Beijing Stock Exchange for 2 years, when the Beijing Stock Exchange turned from a downturn to a good one, MicroPort Optoelectronics (430198. BJ) (MicroPort Optoelectronics is the first batch of selected layers listed on July 27, 2020, and then moved to the Beijing Stock Exchange) issued an announcement saying: The actual controller of MicroPort Optoelectronics is going to sell the shell and cash out and leave!

Zhulujun believes that it is a shame for the Beijing Stock Exchange for the actual controller of MicroPort Optoelectronics to sell shells and cash out!

MicroPort Optoelectronics is not only sorry for a large number of small and medium-sized investors in terms of poor performance and return on investment, but also wantonly trampled on the delisting system of the Beijing Stock Exchange, and I don't know if anyone will investigate and supervise this matter.

For minimally invasive optoelectronics, Zhulujun has a few doubts and asks them one by one as follows:

1. MicroPort Optoelectronics was listed on July 27, 2020, the first batch of selected layers, the net profit of the 2021 annual report revenue decreased year-on-year, and the performance of thunderstorm revenue in 2022 decreased by 16.63% year-on-year, and the non-net profit deducted from the profit of 41.55 million yuan in 2021 directly changed to a loss of 26.11 million yuan.

MicroPort Optoelectronics reported revenue of 160 million yuan in the third quarter of 2023, a year-on-year increase of 186%, but the non-net profit deteriorated further to a loss of 38.56 million yuan, accounts receivable of 246 million yuan, and net operating cash flow of -148 million yuan.

2. The top five customers and top five suppliers in the 2022 annual report of MicroPort Optoelectronics are all confidential, is it really inconvenient to disclose or is it for the convenience of accounting?

3. From the inquiry letter of the annual report of the Beijing Stock Exchange, it can be roughly seen that the buyer of MicroPort Optoelectronics is likely to be one of its top five customers and one of the top five receivable customers. This shell buyer is very good, I have the money to buy the shell of a listed company, but I don't have the money to pay for the minimally invasive optoelectronic products and services I purchased?

4. MicroPort's revenue in 2022 will be 128 million yuan, a year-on-year decrease of 16%, and the sales expenses will be 31.96 million yuan, a year-on-year increase of 38%, of which the entertainment expenses will be 5.38 million yuan, a year-on-year increase of 107%.

5. On July 27, 2020, before the listing of MicroPort Optoelectronics on the select layer (later moved to the Beijing Stock Exchange), "Wuhan State-owned Assets" issued a report:

"Wuhan State-owned Assets" can now issue another report: "MicroPort Optoelectronics: The first person to sell shells and cash out of the actual controller of a listed company on the Beijing Stock Exchange!"

6. What kind of assets will be listed through backdoor purchases? Now Beijing, Shanghai and Shenzhen are all registration-based, and if you have the ability, you can directly apply for listing. Unless, you don't qualify for listing!

7. The actual controller of MicroPort Optoelectronics sold shell sleeves and now caused heated discussions among investors and a lot of media reports last weekend, all of which regarded this as a great thing that day. As everyone knows, this is the first case of "turning waste into treasure" on the Beijing Stock Exchange, not only how many investors have cut their flesh and bear losses due to the sharp decline in the stock price of MicroPort Optoelectronics' performance thunderstorm, and who cares about their rights and interests? Moreover, the behavior of the actual controller of MicroPort Optoelectronics to sell shells and cash out has also wantonly trampled on the delisting system of the Beijing Stock Exchange.

Zhulujun can predict: after the actual controller of MicroPort Optoelectronics sells shells and cashes out, the Beijing Stock Exchange will soon usher in the second and third companies that sell shells for cash, and if they continue to develop like this, shell scrap and asset restructuring will be repeated in the new market of the Beijing Stock Exchange, and the delisting system will once again become a laughing stock!

Another market where your most disgusting behavior is happening in this market, and you, clapping and cheering?

Conclusion: MicroPort Optoelectronics opened this morning with 650,000 hands to seal the 30% price limit, and there is no doubt that they succeeded!

Please remember the names of the first successful shell sale on the Beijing Stock Exchange: Chen Jun (Chairman), Lu Yuqing (Vice President), Li Junjie (Deputy General Manager/Director), Wang Yun (Secretary of the Board of Directors/Head of Finance Department), Tong Fang (Deputy General Manager/Assistant General Manager), Zhu Xiaobing.

Disclaimer: This article (report) is based on the published information or the information provided by the interviewee, but the author of the article does not guarantee the completeness and accuracy of such information. Under no circumstances does the information or opinions expressed in this document constitute investment advice to any person.