Forced delisting: 34 down limits, 54 down to 090 yuan, how to compensate shareholders?
Another delisted product has been locked, but the stock price in the secondary market has seen 34 intermittent down limits, of which 25 are continuous down limits, including opening down limits, unlimited down limits, and single down limits.
Its share price hit an all-time high, falling from 5,400 yuan to 090 yuan before delisting, a drop of 9,833%.
It is worth noting that such a recently discontinued product was only launched in 2017. Since its initial public offering and large-scale fundraising, it has only been active in the A** market for seven years.
For listed companies, the total period from the issuance of new shares, initial public offering to delisting and mandatory delisting is only seven years. It must be said that it was a short adventure.
However, he raised more than 5.2 billion yuan from the A** field, reaching 528.7 billion yuan.
Moreover, after the listing in 2017, it raised funds twice: the first time it raised 1,310 yuan, raising an amount of 59 million yuan.
The second additional issuance of funds raised, the additional issuance** was 1,893 yuan, and the amount raised was 200 million yuan.
3 financings in 7 years.
Unfortunately, it was delisted in the seventh year.
Where does the money go?
What is the name of this breed? His name is St Hata.
After ST Potian was listed on the ** exchange, that is, in the first year of listing, it began to inflate its operating income and corporate profits in various ways, resulting in false data in its annual reports from 2017 to 2021, forcing the listing to be deleted due to serious violations.
However, after raising a large amount of capital in 2017, the company's operating performance continued to decline in the first year after the IPO. The sharp decline has actually occurred for six consecutive years.
In 2019, the company's annual total operating income decreased by 987% year-on-year, and in 2020, the company's annual total operating income decreased by 34%.
In 2021, the company's total operating income will fall by 40% again, and in 2022, the company's total operating income will decline by more than 40% again to 4170%.
In the first three quarters of 2023, its total operating income fell again, by 2,189%.
Immediately after the IPO, the total operating income fell from 323.7 billion yuan to 45.9 billion yuan.
What is the percentage of the decline?
At the same time, the company's profits fell sharply, resulting in huge losses. For example, in 2019, the company lost a whopping 7.2 billion yuan. In 2021, the company suffered another loss, with a loss of 38.8 billion yuan. yuan, 100 million yuan.
In 2021, the amount of corporate losses actually exceeded 12 trillion yuan.
Compared with its total operating income and the company's operating profit, the funny thing is that its return on equity has declined even more, with a negative growth of more than 50% for two consecutive years.
For example, in 2018, the company's return on equity was 1,298%, down 24% year-on-year.
Return on equity was negative in 2019 at 5,512%, down from 52,465% in the same period last year. In 2020, the return on equity fell again, falling by 189%. But the return on equity was negative: 5616%.
What I don't understand is how these financial statements are generated? And also passed the corresponding assessment.
Sustained large-scale **, sustained negative net value of more than 50%?
Mainly engaged in industrial water systems, urban water resources, membrane products and resource utilization, soil and groundwater remediation and other fields, the formation of a series of environmental solutions including consulting, design systems, integrated project construction, etc.
From the perspective of total revenue composition, the operating income of water management accounted for 676% of the core operating income, and the operating income of water environment solutions accounted for 3180% of the core operating income.
As an environmental protection enterprise, it is often supported by policies, but with the help of policies, it can be successfully listed.
However, after the IPO, the company's operating performance continued to lose money, and fraud continued.
Forced demolition. But what about the money raised in the market?
What's more striking is that the number of shareholders has reached 1.93 million after the delisting, and the average number of outstanding shares held by each shareholder is 4.23 million shares.
These shareholders are not careful.
It is worth noting how such a company is listed?
After listing, its share price was as high as 5,398 yuan, and then its stock price experienced continuous negative declines for 7 years.
However, it's only been on the market for seven years, in other words, how long has it been on the market?
And the stock price has fallen by more than 98%, and if investors in the secondary market do not stop losses in time, if there is a loss, the loss will be large.
On the one hand, there is a lot of financing in the market, and if the first financing is not enough, the second and third financing is immediately carried out.
On the other hand, the company suffered huge losses and continued to create a large number of fake accounts to completely trap all investors.
The total share capital is 96.8 billion yuan, and even after delisting, the total market value is still 96.8 billion yuan.
However, at its peak, the market value exceeded 55.2 billion yuan. After the stock price, the funds evaporated 512.7 billion yuan.
The $51.2 billion is real money from different investors.
*Delisting will cause greater damage to the market, especially investors.
However, due to the company's continuous fraud, the company's operating performance has declined significantly. What compensation will be offered after delisting?
How do you feel about such a situation?
What will you do?