In A-share financial fraud, all kinds of fraud, never heavily fined, generally hundreds of millions, billions, only to be fined hundreds of thousands, the cost of fraud is low, resulting in more and more fraudulent companies!
Recently, the China Securities Regulatory Commission disclosed a financial fraud company, the company in 2016-2018 for three consecutive years of inflated profits of more than 200 million yuan, as a result, the Securities Regulatory Commission decided to fine the company 500,000, the chairman and other three people each fined 250,000, look at the punishment results I just smiled, some investors said: be ready to fine, ready to fake!
So which company is this? How is the company's performance? What does the company mainly do? Let's take a closer look!
This company is 002642 Ronglian Technology!
Ronglian Technology is a professional digital service provider, providing industry customers with a full range of solutions for enterprise digital transformation and IT infrastructure construction, the company takes the new generation of information technology integration services as the core, cloud services and data services as the two strategic directions, and actively lays out the four major business sectors of cloud services, data services, self-owned products and services, and data center construction, and deeply cultivates the five major industries of finance, operators, utilities, energy manufacturing, and biomedicine. Empower customers with advanced digital services to comprehensively digitally transform and upgrade, and contribute to the construction of digital China.
The main business includes three parts: enterprise services, Internet of Things and big data, and life sciences!
More than 200 million financial frauds!
Recently disclosed that from 2016 to 2018, some of the company's orders that have recognized revenue, the cost of the issued goods was not carried forward in time, and some of the maintenance spare parts that have been issued and actually used are inventory goods have not been carried forward in time, resulting in false records in the annual reports of Ronglian Technology in 2016, 2017 and 2018, and the cost of 4626 was falsely reduced350,000 yuan, 5688380,000 yuan, 9725050,000 yuan, and inflated profits by 4626350,000 yuan, 5688380,000 yuan, 9725050,000 yuan, that is, Ronglian Technology has inflated its profits by 200 million yuan for 3 consecutive years!
Inflated profits or losses.
Let's take a look at the financial data of Ronglian Technology from 2016 to 2018, the company's revenue was 159.6 billion yuan, 188.9 billion and 27$3.4 billion; Net profit was 24 billion yuan, -20.2 billion and -136.1 billion yuan, even if the profit is inflated by 200 million, there are still losses for two years during the period!
The stock price fell from 96 yuan to 3 yuan.
Let's take a look at the share price of Ronglian Technology, Ronglian Technology went public in 2011, and after the listing, in the 2015 bull market, with the help of the bull market, the highest rose to 965 yuan, and then all the way, during which the lowest fell to more than 3 yuan, from 96 to 3 yuan, the stock price has experienced 5 halves, and almost uprooted the leeks!
From 9 to 13.
In September this year, the stock price came to a wave, from more than 6 yuan to 13 yuan, almost doubled, and now it has been exposed to financial fraud, it depends on how Ronglian Technology performs later!
Penalties are coming. According to the provisions of the 2005 "** Law", the Beijing Securities Regulatory Bureau intends to decide: 1. Give a warning to Ronglian Technology Group shares and impose a fine of 500,000 yuan; 2. Give Wang Donghui a warning and impose a fine of 250,000 yuan; 3. Give Zhang Tong a warning and impose a fine of 250,000 yuan; 4. Ju Haitao was given a warning and fined 250,000 yuan.
In addition, because of the seriousness of the circumstances, the three people were banned from entering the market for 5 years, with a fraud of 200 million, a fine of 250,000 yuan, and a 5-year market ban, and it was over, and financial fraud in Big A is not called financial fraud, but inflated profits!
Let's see what investors are saying!
This fine is too trivial compared to the fact that it is harmful to the crime, right?
The cost of violating the law is too low, and he will be imprisoned for 30 years for financial fraud, and he will be punished for bankrupting his family.
Fraud, regarded as financial fraud, punished him for bankruptcy, sat in prison, did not punish the law, and could not deter violations of law and discipline!
This painless punishment is useless!
According to the inflated amount, the company's management was sentenced, and there are many ways to do things.
The cost of counterfeiting is too low, which provides an incentive for other artificial counterfeiting.
Any financial fraud, heavy fines, never be able to open a company in the future!
If I am the boss of the company, I will do the same, falsely report profits after listing, pull up the stock price, and then cash out, doesn't it mean that the original shareholders have a lock-up period? There is refinancing, isn't there regulation? If the regulator catches it, he will be fined hundreds of thousands of dollars at most, which is a drop in the bucket compared to the money I made from selling the company's **, what should I do with the rest of the company? What to do? If you can live, you can live, and you can't pull it down alive. After delisting, look at the situation again, and when the time is right, repackage it again and then go public!