The China Securities Regulatory Commission intervened, and 20 companies were investigated

Scale Business

2024-05-17 15:07Posted in Beijing Finance and Economics Creator

Text | Li Delin

10. The first company's net profit fell by more than 5,000%

The Shenzhen Stock Exchange issued an annual report inquiry letter to Jianyi Group, and its revenue in 2023 increased by 186.32% year-on-year, but its net profit decreased by 5142.03% year-on-year. Jianyi Group set a new record for the decline in net profit. What makes the exchange incomprehensible is that the company's accounts receivable exceed 5.3 billion, and the bad debt provision exceeds 1.7 billion. Beware of financial baths.

Spicy comment: Look at the performance must look at a few more, don't see the revenue increase and hurry up to open the champagne, see the profit data and cry can't find the door.

9. A fine of 8 million for 5 years of fraud is imposed

The Shenzhen Securities Regulatory Bureau issued a prior notice of administrative penalty for the special information, disclosing that the company began to falsify in 2015 and continued to falsify until 2019, including inter-period adjustment of operating costs, fictitious business and other means to falsely increase revenue, inflated or reduce operating costs and profits. The supervision struck hard, and the 8 relevant responsible persons for fraud were fined 15.5 million yuan, and the special information was fined 8 million yuan.

Spicy comment: Fake for 5 years to test the acting skills of the management, and Oscar owes them a little golden man.

8. The China Securities Regulatory Commission filed a case to investigate 20 companies

On April 30, the three major exchanges in Beijing, Shanghai and Shenzhen issued new rules for IPO and delisting, and from May 5 to 15, in just 10 days, at least 20 listed companies were placed on file for investigation, 5 received prior notices of termination of listing from the Shenzhen Stock Exchange, 9 were issued letters of concern, and as many as 20 were named by the regulators. Under the new regulatory regulations, if you want to go public in a fool's way, there is no play, and if you want to be rotten to the end, there is no way.

Spicy comment: Lying flat and rotten, fooling and filling, the front has arrived at the station, and you can get off.

7. Musk will land a man on Mars within 10 years

Musk's plan to conquer Mars has finally come out with a timetable, less than 5 years of unmanned landing, less than 10 years of manned landing, a city may be built on Mars in 20 years, and it is hoped that there will be civilization on Mars in 30 years. Musk, who has been running blindfolded on the road to challenging the limit, is the real fun of the sea of stars. Life needs bread, humanity needs dreams, and crazy people change the world.

Spicy comment: How to charge for long-distance calls on Mars and Earth?

6. The financial fraud intermediary was closed for June

Jin Tongling has been fraudulent for many years, and Dahua Certified Public Accountants was fined 41.32 million yuan and suspended its securities business for 6 months. This is not the first time that Dahua has been fined, it has been fined more than 10 million yuan for financial fraud by Changyuan Group and Zhangzidao, and has also been warned by the Beijing Stock Exchange. Only this time it was not allowed to do securities business for 6 months, and more than 10 listed companies canceled their cooperation with Dahua. Financial fraud should be closed.

Spicy comment: The punishment of supervision is to the point, from "property punishment" to "qualification punishment", which really hurts the violating institutions.

5. The China Securities Regulatory Bureau issued fines to 4 securities firms

Jin Tongling up to 6 years of financial fraud, now unveiled the secret of intermediaries, in addition to Dahua accounting firm was fined 6 months not allowed to do securities business, Huaxi Securities, Guohai Securities, Soochow Securities, Everbright Securities led by 4 brokerages did not run away, they received 7 fines, the relevant sponsors have been warned, have been suspended for 6 months, repeated teaching should be cleared of the investment banking field.

Spicy comment: Many employees of intermediaries are highly educated, but they collectively reduce their intelligence in the face of corporate violations, so they will collectively receive fines.

4. More than 40 janitors were punished

Since 2024, regulators have issued 175 fines against gatekeeper accounting firms, involving 41 accounting firms and 139 practitioners. Violations in the audit of annual reports have become the hardest hit area, and many listed companies have been audited for financial fraud for many years, and now in addition to fines, they will not be able to suspend their securities business. Finance is the first lifeline, and the gatekeeper only uses people's money to eliminate disasters for others, which is child's play and fairness.

Spicy comment: Many intermediaries don't understand one thing, their real customers are the majority of investors, and being a good gatekeeper is the real customer first.

3. The first share of lithium battery delisting appeared

Before death, it is always gorgeous, it is said that the former lithium battery bull stock Baoli Xin, the face value of 20 consecutive trading days is less than 1 yuan, although the last trading day rose 20%, the closing is still only a dime, and delisting is a certainty. Baolixin's profit has increased by more than 11 times, and it has set a record of less than one cent. As the first lithium battery to be delisted, it died of continuous internal fighting.

Spicy comment: With less than a pack of cigarettes in one hand, the money of an electric car can experience the feeling of being a big business, who is in the fire?

2. 130 companies received annual report inquiry letters

After the disclosure of the 2023 annual report, the three major exchanges in Shanghai, Shenzhen and North began to intensively issue annual report inquiry letters to listed companies, and more than 130 listed companies have received inquiry letters so far. The letter of inquiry focuses on the correction of accounting errors and retrospective adjustments, revenue, gross profit, key accounts, goodwill, accounts receivable, inventory, etc. Intermediaries have also become a focus. Financial mess, don't even think about running.

Spicy comment: The annual report is like a final exam, not to write everything and everything will be fine, but to score, and if you fail, you will take a make-up exam.

1. Apple is about to change shifts

Since taking over from Steve Jobs as chief executive in 2011, Cook has been Apple's CEO for 14 years, far longer than the average Fortune 500 CEO, and at 63 years old, older than his peers, he is ready to groom a successor within Apple. Cook felt that he was getting older and that it was time to retire, and he didn't want to be like Warren Buffett and still working in his 90s.

Spicy comment: "Rich but three generations" has always been a challenge for business management, as a business manager, to find a satisfactory successor, no less difficult than to start a business.

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