#实话实说#
Zhangzidao's "scallop runaway case" finally ushered in the finale.
Wu Hougang, the former chairman and president of Zhangzidao, was fined 920,000 yuan and mentioned the 15-year "sewing machine technology training course", and the remaining 11 responsible persons were also sentenced to 1 year and 7 months to 11 years in prison.
Since 2014, Zhangzidao's scallops have repeatedly made headlines, and the reason is very simple: either "ran" or "starved to death".
So much so that some people say that the scallops of Zhangzidao are the most disciplined animals they have ever seen, and animals are not allowed to become spermatozonal, but the scallops of Zhangzidao are definitely an exception.
Why do the scallops on Zhangzi Island "run away"?
Just like Zhao Benshan's classic line "Whether a cat walks in a straight line or not depends entirely on the mouse", and the performance of Zhangzidao completely depends on whether the scallops run away or not.
Zhangzidao scallops: I'm too hard
The incident of "scallop runaway" first occurred in 2014.
In October of that year, Zhangzidao announced that the more than 1 million acres of scallops that the company had sown in 2011 and 2012 were about to enter the harvest period due to an abnormally cold water mass in the North Yellow Sea that occurred once in decades.
Affected by this, Zhangzidao's performance in 2014 suffered a huge loss of 1.189 billion yuan, and it suffered 3 consecutive falling limits.
What is strange is that the so-called cold water mass in the mouth of Zhangzidao has not been encountered by local farmers and aquatic traders, and no farmers in the nearby waters have reduced their production, and the Dalian Meteorological Bureau has never broadcast relevant information.
But even so, good and innocent investors still believe that a natural disaster that occurs once in decades is in vain.
However, who knows this is just the beginning.
In January 2018, Zhangzidao's "scallop run" ushered in version 2.0, a familiar routine and a familiar formula, and this time investors were completely suffocated.
Zhangzidao announced that it found that the inventory of bottom-sown Ezo scallops in some sea areas was abnormal, and the profit of 90 million to 110 million in 2017 turned into a loss of 530 million to 720 million.
Finally, Zhangzidao explained in its annual report that the loss of more than 700 million yuan was due to a major disaster in the marine ranch, and the scallops were in a state of hunger for a long time, becoming thinner and thinner, and the quality was getting worse and worse, and a large part of them were "starved to death".
At this time, no matter how kind and naïve investors are, they gradually wonder about it:
Either "running away" or "starving to death", are you playing people like fools?
Zhangzidao gave a positive answer, clearly treating investors as fools, and repeating, similar dramas have been staged many times.
According to media statistics, since 2014, Zhangzidao scallops have escaped or died 5 times in 6 years, and they often encounter "rare natural disasters".
It's just that even if Zhangzidao dares to make it, the scallops can't go on, and in February 2018, Zhangzidao was investigated by the Securities Regulatory Commission for suspected violations of information disclosure laws and regulations.
Why do the scallops in Zhangzidao run away frequently?
At the beginning, although Zhangzidao was clearly fraudulent, and the China Securities Regulatory Commission also opened a case for investigation, it was difficult to clarify this matter.
According to the annual report of Zhangzidao Company, there are video records when scallops are sown and fished, and when the annual report is counted, the firm also invited professionals.
It stands to reason that from the text and video records alone, it has been perfected.
But the problem is that seafood itself is the most special category of agricultural products, including operating costs, fishing records, etc., which is extremely difficult to verify.
It is precisely because of this that Zhangzidao has become a "habitual offender", relying on the special rampant counterfeiting of seafood, ignoring laws and regulations.
In the end, in order to find out the ins and outs of the matter, the China Securities Regulatory Commission used the Beidou satellite positioning system to analyze the positioning data of 27 fishing vessels and more than 100,000 maritime navigation of Zhangzidao Company, and finally succeeded in verifying.
In addition, when we look at Zhangzidao's performance, we can find that almost every time it makes a profit every two years, and the rest of the years are all losses.
Therefore, excluding the ridiculous excuse of "scallops running away", we have reason to wonder whether Zhangzidao has carried out a financial adjustment in order to avoid the risk of ST and delisting?
It can be said that every "scallop runaway" in Zhangzidao is premeditated, and behind it is the unscrupulousness of some people again and again.
Management is chaotic and problems are frequent
In addition to "scallop runaway", there are many "wonderful" things about Zhangzidao.
For example, as early as 2012, Zhangzidao was exposed to the theft of 26 million yuan of scallops by the company's insiders, but in the end, it was not resolved, and no details of accountability were announced.
In February 2018, Zhangzidao employees and nearby residents responded that theft by employees within the group has been rampant for many years.
Zhangzidao employees said that theft and loss often occur within the company, and the company's leaders also turn a blind eye and never care.
Residents of Zhangzidao also revealed that corruption was rampant within the Zhangzidao group, and the report ended in vain, and even "even the old man who guarded the door drank Moutai".
However, Zhangzidao Group did not admit this, saying that "only a very small number of employees are greedy for profit, but they are only interested in profit, and the company is well managed."
And looking back at 2018, Zhangzidao issued an announcement saying that "scallops are starving", which is actually a key node at this time - in 2017, the restricted shares of Zhangzidao's management will be lifted, as long as the stock price is raised, you can cash out and exit, and there is a strong motive for "insider operation".
Therefore, in 2017, Zhangzidao frequently released good news, and everything was ready, only "leeks" were owed.
But the drama is that on January 20, 2018, the major shareholder of Zhangzidao received the "indictment" from the procuratorate, saying that it reduced its shares during the sensitive period, and its original plan was lost.
On January 31, Zhangzidao issued a performance revision announcement, adjusting the performance in 2017 from a profit of 90 million to 110 million to a loss of 530 million to 720 million.
Repeatedly using an excuse to fool investors like fools, executives use financial fraud and other means to get innocent investors to take over, almost like a means to fool children.
However, now that the "Zhangzidao scallop runaway case" has finally come to an end, how to prevent similar incidents from happening again is a question worth thinking about.
Write at the end:
A staff member from Zhangzidao said in an interview that when he used to go to the sea ranch to sow scallop seedlings, 7 or 8 of the 20 bales were sand, and everyone who knew where the scallop seedlings went.
Therefore, the "scallop runaway" incident on Zhangzi Island is not surprising, and the seemingly outrageous plot has been foreshadowed several years ago.