On February 20, Fujian Senda Electric Co., Ltd. *** (hereinafter referred to as "Senda Electric") officially announced its IPO journey. On the same day, the Chongqing Securities Regulatory Bureau issued the No. 1 fine in 2024, and imposed administrative penalties on the parties Yu Yong and Wang Wenzheng for insider trading Furi Electronics (600203). It is worth noting that behind these two companies stands the same brokerage firm - Industrial **.
Overly regular financial data
In June 2023, Senda Electric, sponsored by Xingye **, submitted a draft prospectus to plan to be listed on the Beijing Stock Exchange, which is the second time the company is planning to go public. Then, Senda Electric received three letters of inquiry from the Beijing Stock Exchange within four months, and from the letter of inquiry, although there are many questions, it is always inseparable from the compliance of the company's income and the risk of related party transactions.
According to the prospectus, Senda Electric's main business is the research and development, production and sales of power transmission and distribution and control equipment products, and the other two companies controlled by Zhou Haizhu, in fact, are engaged in the production, sales and maintenance of electrical switchgear, these three companies are not only similar in business, but also coincidentally, the marketing department of Senda Electric is located in the same building as Yuezhong Technology and Yuezhong Technology.
As for the affiliation of the three companies, until the reply to the third round of inquiries, Senda Electric still insisted that there was no payment of expenses, cost bearing, commercial bribery and other circumstances between the company and Yuezhong Technology and Yuezhong Technology.
For example, from 2020 to 2022, the company's net profit will be about 59 million yuan, 69 million yuan, and 79 million yuan respectively, and the difference between them will be about 10 million yuan; The contract assets are about 70 million yuan, 100 million yuan and 1300 million yuan, the difference between each other is about 30 million yuan.
Leakage of inside information of the private placement project
On February 20, the "Administrative Penalty Decision" released by the Chongqing Securities Regulatory Bureau showed that there was insider trading behind the "2020 Non-public Issuance ** Plan" issued by Furi Electronics on March 2, 2020.
In October 2019, through the introduction of intermediaries, Xu Mousheng, the then secretary of the board of directors of Furi Electronics, met Wu, the legal representative and executive director of Shenzhen Hengxin Huaye Equity Investment **Management***hereinafter referred to as "Hengxin Huaye").
The following month, Furi Electronics and the Xingye ** project team began to discuss the feasibility of non-public offering, and a week later, the two sides discussed and formed a fixed increase plan. On December 6, 2019, Xu Mousheng, Wu Moufei, Xingye** Lv Mouxin, and Lin Mouzhi met with Wu of Hengxin Huaye on the matter of private placement, and discussed Hengxin Huaye's participation in Furi Electronics' private placement as a strategic investor. After that, Wu informed Yu Yong, the then general manager of Hengxin Huaye, and Wang Wenzheng, the shareholder of Depu Education Investment Holdings (Shenzhen)**, and the three immediately began to plan to buy and sell Furi Electronics**.
After investigation and calculation, Yu Yong and Wang Wenzheng illegally traded Furi Electronics during the sensitive period of inside information, and made a profit of 70,166 respectively36 yuan, 1585640,000 yuan, and finally the CSRC confiscated the illegal gains of the two and imposed a total fine of more than 60 million yuan.
Inside information is used by strategic investors for illegal transactions, whether Furi Electronics is aware of it, and how do you view it? The staff of the company's board secretary office told the reporter of the "Popular ** Daily": "They are personal behaviors, which have nothing to do with the company and will not affect the company." ”
And did IB**, as the sponsor and joint lead underwriter at that time, know about it? Has the company paid attention to Senda Electric's overly regular financial data? "Dazhong** Daily" called Xingye ** many times in this regard, but ** was not connected.
Reporter Chen Zhi Intern Reporter Huang Qinqin.