It seems that in recent years, we can see a phenomenon, that is, financial fraud has repeatedly appeared in the a** field, which is commonplace, and after it is exposed, it is the shareholders who are hurt in the end.
Recently, another group collapsed, not to mention being delisted, many shareholders are among them, and this former listed company is".Jiangxi Qixin Group shares***
It can be seen from its public information that the company's main business is the design and construction of architectural decoration engineering, and it is also one of the enterprises with the most complete qualifications and the highest level in the construction and decoration engineering industry.
So, why did such a group company collapse, and why did it delist again?
In the author's opinion, there are many reasons.
First of all, the company does have some rampant, some have no bottom line, why do you say that?
Because, the group's ** was logged in on December 22, 2015 and completed the IPO, but the company".The original intention has not changed", after listing, still".Tirelessly"The insistence on financial fraud!
From 2012 to 2019, for 8 consecutive yearsThe company's inflated revenue reached a staggering 13100 million yuan, the inflated profit is even more exaggerated, and it has reached 26300 million yuan, 8 years, 8 years of fraud.
Moreover, in 2012, 2013, and 2014, the company has not yet logged in the A** field, and it is also fraudulent, and it has also achieved listing in the A** field, which is simply unexpected.
After the listing in 2015, to 2019, 5 years have been fraudulent, it can be said that such a company with no integrity at all, it is not surprising that it was delisted, this is still secondary, and the key is that corporate bonds were also issued.
The company issued 200 million corporate bonds before, which was also recorded in the financial report with an inflated increase.
So, can't the companies that sponsor and audit the company see it?Generally speaking, there will be clues if you have been fraudulent for more than 3 years in a row, not to mention that you have been committing financial fraud for 8 consecutive years, so it is easier to see the clues.
According to relevant data, the actual controller has probably cashed out about 1.1 billion, leaving only a mess, and in the end, shareholders will pay for it.
Now, the company's ** has been delisted, what should shareholders do?
However, in September 2023, the China Securities Regulatory Commission has launched an investigation into the company's letter disclosure violations and fraudulent issuance, and once the administrative penalty decision is issued, shareholders can initiate a lawsuit.
At this time. The person in charge of the relevant investment bank was also out of the warning letter.
SecondlyThe company's debt ratio is extremely high, reaching 13035%, it can be said that the company is currently in a situation of insolvency, even if all the company's assets are sold, it is not enough to pay off the company's debts.
Finally, the company's performance is terrible.
From 2020 to 2022, in the three years, the company's net profit lost 5100 million, 173.9 billion, 41.3 billion, in three years, the company's net profit total loss reached more than 2.6 billion.
Obviously, in the years after there was no financial fraud, the company's operating conditions began to be revealed, and there were huge losses, and in 2023, the company's financial situation is still very bad.
In the first half of 2023, the company's net profit loss reached 21.9 billion, and the company's operating income is only 18.6 billion only, that is, the loss of the company's net profit has exceeded the company's operating income.
It was precisely the above and other reasons that eventually led to the collapse of the group.
However, with the tightening of supervision, the environment of A-shares will gradually get better, of course, it is better to mind, it is better to stay away from those problematic listed companies, such companies have too many problems, and the risk after the thunderstorm is too great.