Fake East Window Incident! The four major news in the early hours of this morning are in full fermentation (217）！
First, the "declaration is responsibility" policy is a good start, but it is far from enough.
The market needs stricter regulation, more transparent disclosure, and a fairer market environment. I hope that every investor can find their own investment path in the new year and achieve steady growth in wealth. At the same time, we also hope that our market will be more mature and healthy, and become an important platform to truly serve the real economy and promote economic development.
2. Fraud is discovered.
I often walked along the river, and my shoes didn't get wet. For companies that have been engaged in counterfeiting for many years, it is only a matter of time before the incident occurs. Geeya Technology's false publishing and financial fraud have been gradually exposed since it was investigated by the China Securities Regulatory Commission in 2016.
In April 2015, Geeya Technology released its 2014 annual report, showing that the company achieved operating income of 20.2 billion yuan, with a total profit of 23.9 billion yuan, a year-on-year increase of nearly 200 times. This has caused a lot of concerns and questions in the market. There are ** and investors have conducted detailed analysis and research on the financial data of Geeya Technology, and found some doubts and contradictions.
In May 2015, the China Securities Regulatory Commission conducted an on-site inspection of Geeya Technology and found that Geeya Technology had financial fraud such as inflating revenue, costs, profits, forging bank documents, and concealing expenses. In May 2020, Geeya Technology was decided to cancel its listing by the Shenzhen Stock Exchange due to continuous losses. In August 2020, Geeya Technology** was delisted.
For the record, there were still 4490,000 Geeya shareholders are deeply involved. The company's share price also fell from 68 before the delisting3 yuan shares fell to 03 yuan, only a fraction of what is left. The stock price fell by more than 995%。More than 20 billion fortunes have been wiped out.
3. From 2019 to 2023, the number of new shares issued in Shanghai and Shenzhen will exceed 1,800, with high capital, high valuation, excess capital, performance changes, stock prices, etc., causing huge losses to shareholders and the public. Taking stock of the chaos of the Series A IPO can give investors an idea of the brutality of the Series A market.
Foxit Software IPO in August 2020 and listed on the Science and Technology Innovation Conference on September 8. Release** up to 23853 yuan shares, the issue price-earnings ratio is as high as 19142 times, 12.04 million shares issued. Listed in 2020, there will be a loss after deducting non-profits in 2021, net profit and loss after deducting non-profits in 2022, and losses will continue to be lost in 2023, with a significant increase in losses. The stock price has exceeded 60%.
This distorted IPO not only causes huge losses to investors and citizens, but also destroys the credit foundation of the market, lowers the moral bottom line of the market, and disrupts the order of the market.
4. Spring Festival ticket sales in 2024 will exceed 6 billion. This year's Spring Festival tourism, entertainment, **, etc. Let's see what passion is. There are crowds of people everywhere, revenge consumption, and movies take off. What is Pessimistic Logic?
Everything is cyclical, there will always be downturns and upswings, spring is coming, and 2024 will be even more exciting.