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Monday, May 13, 2024 – Financial Fraud of Listed Companies

author:Changshun stock market investment diary
Monday, May 13, 2024 – Financial Fraud of Listed Companies

Keep in mind that:

1) Buy when it falls to the point where people abandon it, and sell it when it rises to the point where it is hot.

2) It may fall after buying; It may go up again after it is sold out.

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Essay ***

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Financial fraud of listed companies

From April 2019 to the end of 2019, Luckin Coffee increased its transaction volume by RMB2.246 billion, inflated its revenue by RMB2.119 billion (accounting for 41.16% of the disclosed revenue of RMB5.15 billion), inflated its costs by RMB1.211 billion, and inflated its profit by RMB908 million through fictitious commodity voucher business.

On December 17, the U.S. Securities and Exchange Commission announced that it had reached a settlement with Luckin Coffee, which agreed to pay a fine of US$180 million (about 1.18 billion yuan) for fraud allegations.

Shareholders invest only when they see that the company has a promising future to get a return on investment. Shareholders, especially minority shareholders, mainly know the development status of the enterprise through the financial report of the enterprise, so as to decide whether to invest. There is no similarity between financial fraud in listed companies and money borrowed by friends, which is really hateful.

Listed companies should be severely fined for financial fraud, punished so that they go bankrupt, and investors should be compensated accordingly.

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Today's Conclusion ***

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今日收益:+ 0.21 %

Current Position: 93.99 %

Position and operation details:

Monday, May 13, 2024 – Financial Fraud of Listed Companies

For the meaning of the number of shares, please refer to: "Changshun Changying Stock Market Investment Strategy"

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MARKET CONDITIONS ***

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Today's Overview

Monday, May 13, 2024 – Financial Fraud of Listed Companies
Monday, May 13, 2024 – Financial Fraud of Listed Companies

Formation of a new platform shock?

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Industry sector rankings

1. 涨幅居前

Monday, May 13, 2024 – Financial Fraud of Listed Companies

2. 跌width residence

Monday, May 13, 2024 – Financial Fraud of Listed Companies

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Concept Sector Leaderboard

1. 涨幅居前

Monday, May 13, 2024 – Financial Fraud of Listed Companies

2. 跌width residence

Monday, May 13, 2024 – Financial Fraud of Listed Companies

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Balance trend of the two financial institutions (as of the previous trading day)

Monday, May 13, 2024 – Financial Fraud of Listed Companies

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Northbound Funds 1: Net Inflow (yet to be announced)

Northbound Funds 2: Net Buying (yet to be announced)

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Rise and Stop ***

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