Financial fraud!
There are companies that have committed financial fraud for 5 consecutive years!
The financial fraud case of the special information finally ushered in the finale, the company was fined 8 million, the executives were fined 4 million, etc., and many people were banned from the securities market for more than 5 years!
What's going on?
Let's talk about them one by one!
On the news side, the special information issued an announcement saying that it received the "Prior Notice of Administrative Punishment and Market Prohibition" issued by the Shenzhen Securities Regulatory Bureau, which mentioned several important contents:
First of all, it is financial fraud for 5 consecutive years, it is understood that in order to complete the performance commitment, the special information subsidiary has inflated revenue, inflated or reduced operating costs and profits, etc., and has committed financial fraud from 2015 to 2019!
During the period, the inflated profits were 10.39 million yuan, 91.73 million yuan, 56.24 million yuan, and 11.62 million yuan, while in 2019, the inflated profits were 21.08 million yuan, accounting for 8.1%, 34.7%, 16.5%, 3.2%, and 5.3% of the total profits in the current period respectively;
In terms of performance, from the perspective of the first quarter of the special information, during the reporting period, the company achieved revenue of 1.07 billion yuan, a year-on-year increase of 10.02%, and the non-net profit deducted during the period was a loss of 39.07 million yuan;
It is worth mentioning that since 2019, the performance of special information has declined significantly, with a maximum profit of 344 million yuan in 2019, and the company's performance has been in a state of loss or slight profit until 2023, when the company's annual loss is 272 million yuan!
According to public information, the company belongs to the Shenzhen State-owned Assets Supervision and Administration Commission, and the company's main business is the research, production and marketing of the four major industries of "optical fiber and cable + intelligent access + military informatization + intelligent industry";
Judging from the trend of the secondary market, the special information at the end of January out of the strong five-board market, a moment of glory, after hitting a high of 12.75 yuan, soon appeared a continuous downward trend.
Since then, the stock price has maintained a volatile trend, and the company's stock price has fallen by 31.84% compared to the year's high.
In the long term, since 2019, the stock price of Special Information has maintained a downward trend, and compared with the 19-year high, the company's stock price has fallen by nearly 40%, nearly halved!
At present, the company's latest report is 7.90 yuan, the company's total market value has shrunk to 7.113 billion yuan, the company will be implemented other risk warnings, and the company's stock abbreviation has been changed from "special information" to "ST special letter"
From the perspective of the number of shareholders, the number of shareholders of the company in the latest period is 100,500, down 4.81% from the previous period, and the number of shareholders of the company has declined for three consecutive periods, a decrease of 5,200 during the period;
Among the top ten circulating shareholders, 5 of them entered the special information in the first quarter of this year, including two QFII institutions, Goldman Sachs and Barclays Bank PLC added 2.56 million shares and 2.29 million shares respectively in the first quarter;
In recent years, many companies in the market have been punished for financial fraud, and since the new village chief took office, the efforts to crack down on financial fraud and other behaviors have been significantly strengthened, and only in this way can these problems be gradually eradicated!
It is hoped that the financial fraud incident of the special information can sound the alarm for other enterprises, and they must strictly abide by the relevant laws and regulations!
In this regard, what do you think of listed companies that have committed financial fraud for many years?