As a star who has created four times the stock price, the A-share listed company Guolian (603613) has recently faced a double Waterloo of regulation and stock price decline. Recently, it announced that it was filed by the China Securities Regulatory Commission for suspected information disclosure violations, and on the same day, it also disclosed the "Warning Letter" issued by the Beijing Securities Regulatory Bureau. The Beijing Securities Regulatory Bureau believes that the financial data of Guolian's annual report from 2020 to the third quarter of 2022 are inaccurate. The reporter of "Investment Express" noticed that this is not the first time that the company's performance has been questioned, as early as November 2022, there are ** public doubts about the performance of Guolian shares.
The accuracy of past financial report data has been questioned
Judging from the previous stock price performance, Guolian shares can be described as the star of the market in recent years - after the company was listed in August 2019, it started a round of magnificent gains, and the stock price rose by more than 400% on November 24, 2022.
The turning point occurred on the evening of November 24, 2022, when a ** article questioned the authenticity of the performance of Guolian shares. The article starts from the relationship between customers and businessmen, questioning whether Guolian shares are engaged in financing, in order to support its views, the author of the article also puts forward "per capita income" and other angles to question.
The questioning had a wide impact, and the exchange also issued an inquiry. On December 2, 2022, Guolian Co., Ltd. explained the questionable part of the aforementioned ** article by replying to the exchange's inquiry. Guolian shares believe that the financing described in the report, the abnormal per capita income, the use of raised funds and other matters are not true, and the relevant information disclosed in the early stage is true, accurate and complete. On December 2, 2022, the share price of Guolian shares fell to the limit. Compared with the market's doubts, Guolian's response pales in comparison.
The warning letter issued by the Beijing Securities Regulatory Bureau also questioned the accuracy of the company's financial data from the 2020 annual report to the third quarter of 2022.
Some investors may be able to make a claim
*Human rights lawyer Wang Zhibin told reporters that investors had to file a lawsuit for compensation on the premise that the regulator would impose an administrative penalty. After the waterloo of Guolian's share price, there is almost no way to remedy the losses of shareholders. However, in January 2022, the Supreme People's Court issued a new judicial interpretation abolishing the pre-procedure. This time, Guolian shares were investigated by the investor, and investors can initiate claims without waiting for the conclusion of the investigation by the regulatory authorities.
Historically, the company's performance has been repeatedly questioned, and the investigation of Guolian shares is very likely to be related to the authenticity of its historical performance," said lawyer Wang Zhibin, "Investors who held ** Guolian shares between March 20, 2021 and November 24, 2022 and held shares as of November 24, 2022 are more likely to be qualified plaintiffs in investor lawsuits." If the SFC's final findings involve matters in 2023, the scope of investors who can claim compensation may be further expanded."
According to public information, as of September last year, the number of shareholders of Guolian shares was 390,000, among which there is no lack of public offering. Investors who meet the conditions for claims can register in *** claim bar, and it is expected that Guolian shares will face large-scale investor lawsuits.