#头条创作挑战赛#
In the 2017 audit report, the auditors raised the following questions:
1) The substance of the advance payment transaction is doubtful.
Its two subsidiaries, Zhongda Vegetable Protein and Shanghai Haqing Trading, have paid 200 million yuan and 100 million yuan in advance payments respectively, but so far, one has not fulfilled the contract, the other has not been able to obtain the contract, and has not received a reply.
2) The substance of other non-current asset transactions is doubtful.
One of its subsidiaries made an advance payment of 200 million yuan for the project, but did not receive a reply from the project implementer.
3) The substance of the financial property transaction available for sale is doubtful.
The University of Technology and non-related parties jointly invested in the establishment of an M&A fund and paid 200 million yuan of registered capital, but what is puzzling is that it transferred the money from this investment management center on the same day, and as of the date of the audit report, the other partners have not paid the subscription amount.
4) Other payables cannot be verified.
In 2017, the University of Technology borrowed 200 million yuan from individuals, but until the date of the audit report, the money was overdue, but it was not returned, and it could not be confirmed
What does it mean to have an asset portfolio of the above four items, advance payment + available-for-sale financial assets + other payables + other non-current assets?
Such a ghostly combination of financial data basically illustrates two words.
As for what these two words are, there is no need for us to say it, you can think for yourself.
After reading this report, you may not remember anything, but just remember the above two financial combinations, and it is enough.
*ST Gongxin and *ST Tianma can be said to be the two twin peaks in the A-share capital market, representing superb skills in capital operation and financial skills.
It's just that this skill is too ugly, and in the end it's just a piece of chicken feathers.
As soon as the report that the auditor could not express its opinion came out, the high-tech of the university was put on a delisting risk warning that year and renamed *ST Gongxin. Trading is then suspended.
In April 2018, its controlling shareholder held an extraordinary shareholders' meeting and removed seven people, including its chairman Zhang Dacheng, independent directors and supervisors.
Not only that, but its general manager, board secretary, and chief financial officer have also resigned one after another - pay attention, the wave of senior management departures, this is a very dangerous signal, I wonder if you are still in it after this signal?
If you are in the field, then I can only help you pray.
In addition, from the perspective of the proportion of equity pledge, the controlling shareholder of Gongda Gaoxin did not pledge, but because of the guarantee given to Gongda High-tech, and then because the loan of Gongda High-tech was overdue, the 6.45% equity held by it was frozen
However, Peng Haifan, a new shareholder, had a 100% equity pledge ratio, and all shares were frozen because of the default of Humber Technology's bonds.
Sure enough, after the resumption of trading on August 17, 2018, the stock price fell from 8.76 yuan / share to 2.56 yuan / share with 25 consecutive falling limits, a decline of 71%.
However, it is strange that after a series of falling limits, there are actually 14 more up limits. Let's take a look at its weird style.
Predict the follow-up and listen to the next breakdown
It does not constitute any investment advice, the stock market is risky, and you need to be cautious when entering the market