Not so long ago,a**fieldThe last one is called ".Pak Bao Long"ofIt has attracted wide attention from the market. This oneThe 15 consecutive down limits are staggering, and the stock price has fallen to a mere 044 yuan, and the market value is only 23.7 billion yuan. The company, which once had a market value of 1.4 billion yuan, has now shrunk by a full 1.2 billion yuan, and it can be said that it is about to be delisted. This series of falling limits has sparked people's interest inPak Bao LongWhat is the reason for the company's concern that its stock price performance and market value have shrunk so badly?
First of all,Pak Bao LongThe company's financial figures are worrying. The three consecutive years of losses are worrying, with a loss of 31.7 billion yuan, and the loss in 2021 reached 155.2 billion yuan, and the loss in 2022 will reach 81.8 billion yuan, and the cumulative loss has exceeded 2.6 billion yuan. Such losses exceed the company's market capitalization, which shows how bad its financial situation is. Even in 2023,Pak Bao LongThe company still failed to turn losses into profits, and the net profit in the first three quarters of this year still lost 33.93 million yuan, although the scale of the loss has shrunk, but the company is still in a state of loss.
Secondly,Pak Bao LongThe problem of financial fraud in the company is serious and continuous. In the six years from 2013 to 2018, the company continued to falsify its finances, with an inflated operating income of more than 1.2 billion yuan and a total inflated profit of more than 400 million yuan. This kind of financial fraud has undoubtedly caused a significant reduction in trust in the company. What's even more infuriating is that the actual controller of the company actually cashed out 1 billion yuan and left the market, which is a kind of benefit transferInvestmentsThey are even more disappointed with the company, leading to a further increase in the stock price.
Finally,Pak Bao LongThe company's debt situation has also deteriorated. Up to now, the company's debt ratio has been as high as 23173%, which is already a serious state of insolvency. The company's financial statements show that the company's current cash in currency is only 5 million yuan, whileShort-term borrowingBut as high as 82.8 billion yuan, which makes the company face a serious funding gap. Considering that other liabilities have not yet been counted, it can be saidPak Bao LongThe company's debt problem is quite serious and it is difficult to save itself.
In summary,Pak Bao LongThere are three main reasons for the company's stock price to shrink by 1.2 billion yuan in market value: poor financial data, continuous fraud and cashing out of the actual controller, and the deterioration of the debt problem. These reasons have led to:InvestmentsThe loss of confidence in the company led to a continued decline in the stock price. According to the relevant regulations, if the stock price falls below $1 for 20 consecutive trading days, the company will be terminated from listingPak Bao LongThe company has been below $1 for 17 consecutive trading days. Visible, companyThe delisting is already a sure fact. This is also reflecteda**fieldThe phenomenon of delisting is gradually increasing in the trend of ST platesInvestmentsThe risk is also greatly increased and needs to be raisedInvestmentsof the importance of the people.
Delisting is imminentPak Bao LongThe company's stock price has fallen continuously and its market value has shrunk sharply, mainly due to financial difficulties, continuous financial fraud and serious debt. This incident highlighted:a**fieldand alert to the risk of delistingInvestmentsshould be aware of the risks of the ST sector. At the same time, this should also promptInvestmentspay more attention to the company's financial status and governance structure, and reduceInvestmentsRisks, avoid becauseInvestmentsBlindness leads to losses. AsInvestmentsWe're in the worksInvestmentsWhen making decisions, you should consider many aspects, including the company's financial status, profitability, governance structure, etc., to reduceInvestmentsRisk. At the same time, the regulator also needs to strengthen the supervision of listed companies, crack down on financial fraud, and maintain the fairness and transparency of the market. Only in this way can we do itInvestmentsprovides a healthy, stable oneInvestmentsEnvironment.