2021年第一只退市股票就在这里：徐翔的大牛市曾经有260亿烟幕！ _东方财富网

原标题：深夜重量级！ 2021年第一只退市股票就在这里：徐翔的大牛市曾经有260亿烟幕！ 投资者：积saved了几年的钱都没了！

概要

[Thefirststocktodelistin2021ishere:Xuxiangabigbullstockisnow26billioninsmoke!】*STJinyutheformer”EmeraldFirstShare”theformerXuXiangconceptstockandtheformerrichestmaninYunnanfinallycompletelycooloff*STJinyuannouncedthattheShanghaiStockExchangedecidedtoterminatethecompany’sstocklistingThecompany’sshareswillenterthedelistingconsolidationperiodfortradingonJanuary212021andthedelistingconsolidationperiodwillbe30tradingdaysIfthesuspensionfactorisnottakenintoconsiderationthefinaltradingdateisexpectedtobeMarch102021(ChinaFundNews)

The first delisted stock in 2021 was officially announced.

　　*ST Jin Yu, The former “Emerald First Share”, the former Xu Xiang concept stock, and the former richest man in Yunnan, finally completely cool off.

　　*ST Jin Yuannouncement, The Shanghai Stock Exchange decided to terminatethe companyThe stock is listed. The company’s shares will enter the delisting consolidation period for trading on January 21, 2021, and the delisting consolidation period will be 30 trading days.If not considering the whole daySuspensionFactors, the estimated final transaction date is March 10, 2021.

　　*ST Jin Yu: The Shanghai Stock Exchange decided to terminate the company’s stock listing

On the evening of January 13, *ST Jinyu announced that the Shanghai Stock Exchange decided to terminate the company’s stock listing. The company’s shares will enter the delisting consolidation period for trading on January 21, 2021, and the delisting consolidation period will be 30 trading days. If the suspension factor is not taken into consideration, the final trading date is expected to be March 10, 2021.

On December 22, 2020, *ST Jinyu has issued an announcement stating that the company’s A shares have closed for 20 consecutive trading dayspriceThe stocks are all lower than the par value of the stock (ie 1 yuan). According to relevant regulations, the company’s stock will be suspended from the market opening on December 23, and the SSE will make a decision on whether to terminate the company’s stock listing within 15 trading days after the start of the suspension of the company’s stock. The company’s stock may be delisted.

Nearly 60,000 people can’t sleep, what happened to the “crazy stone”?

*ST Jinyu, also known as Oriental Jinyu, was established in 1993. It is mainly engaged in the processing, wholesale and sales of gemstones and jewelry.Raw materialsThe wholesale sales, etc., were once known as the “first jade stock” in A shares due to the big bull trend in 2015. It was also a concept stock that Xu Xiang hyped up that year.

In 2004, Zhao Xinglong, the former actual controller of Oriental Jinyu, who started from the jade industry, passed a series ofEquity transferAnd asset conversion,borrowShell Duojia shares.

In August 2006, “*ST Duojia” officially changed its name to “Eastern Jinyu”, known as the first listed company in the domestic jade industry, and was known as the “first share of jade”.

In the second half of 2010, stimulated by the soaring price of jade, Oriental Jinyu’s share price rose from a low of 2.53 yuan/share to 10.91 yuan/share, a cumulative increase of 284%, known as the “crazy stone.”

In July 2015, the companyMarket valueOnce close to 28 billion yuan, now the market value is only 1.2 billion yuan. In just a few years, the company’s share price has fallen by 96%, and its market value has evaporated by more than 26 billion yuan.

*ST Jinyu has come to today. Objectively speaking, the sluggish jade market is indeed a reason, but the more important reason is that the management of the company did not manage the company carefully.

In 2015, Oriental Jinyu returned to his motherNet profitReached 302 million yuan, and the stock price reached an all-time high of 61.44 yuan.In the following two years, Oriental Jinyu returned to his motherNet profitIt has been maintained at more than 200 million yuan, but just in 2018, the total operating income of Oriental Jinyu dropped from 9.28 billion in 2017 to 2.96 billion, which was returned to the parent net.profitIt fell to -17.2 billion.

*ST Jinyu’s financial report shows that as of the first half of 2020, itsstockThe book value is as high as 8.465 billion yuan, accounting for 79.1% of total assets. Among them, the book value of jewellery and jade (mainly jadeite rough and finished jadeite) is as high as 8.253 billion yuan, and gold bullion and jewelry are 154 million yuan.

However, it is difficult to realize these stocks in *ST Jinyu’s hands. According to the third quarterly report for 2020, the company’s book cash is only 5.459 million yuan, while short-term borrowings are as high as 1.049 billion yuan. The cash gap is huge. The company is currently in a state of insolvency, and the net profit attributable to the parent company in the third quarterly report is -657 million yuan. Revenue in the first three quarters of this year was only 2.169 million yuan,Inventory turnoverThe number of days reached 82,863 days, which is equivalent to 227 years.

As of the latest data, *ST Jinyu still hasshareholderThe number of households is 57,600.

　　Once the richest man in Yunnan

　　The former Xu Xiang concept stock

The former Dongfang Jinyu was at the helm of the richest man in Yunnan, Zhao Xinglong. In 2007, the Zhao Xinglong family appeared on the Hurun Report with a net worth of 2.7 billion. The 52-year-old Zhao Xinglong became the richest man in Yunnan for the first time. In 2013, the Zhao Xinglong family once again became the richest man in Yunnan with assets of 3.5 billion yuan, ranking 573th in the national rich list, a surge of 123 places compared to 2012.

In the 1950s, Zhao Xinglong was born in a poor peasant family in Xiaohe Village, Hegou Town, Pizhou City. His family was poor since he was a child. Zhao Xinglong, whose father died early, had to drop out of school to do farm work at home, mowing grass, picking chicken manure, and farming. By chance, I came into contact with the jadeite rough trade.

In more than 10 years, Zhao Xinglong started from the appraisal and trading of rough jadeite stones. While accumulating his personal wealth, his knowledge in the appraisal and appraisal of rough jadeite stones has also reached a very deep level. King”. Through a series of equity transfers and asset conversions, Duojia shares officially changed its name to “Eastern Jinyu” in August 2006. Zhao Xinglong successfully stepped into the A-share market and became the actual controller of the first and only listed company in China’s jade industry.

Dongfang Jinyu also held hands with “stock god” Xu Xiang. Xu Xiang colluded with Zhao Xinglong in 2014 and 2015. By participating in fixed increase, listed companies released good news, and the secondary market lifted stock prices, and obtained huge profits. In July and August 2015, Xu Xiang dumped all the Oriental Jinyu he bought in the secondary market, making a profit of nearly 1 billion yuan, and the floating book profit of participating in the fixed increase was as high as more than 1.79 billion yuan. The share price of Oriental Jinyu also reached its highest point in history in July 2015. However, with Xu Xiang’s accident, his suspected manipulation of the securities market brought out Oriental Jinyu, and the stock price fell into the abyss step by step.

Since 2018, *ST Jinyu has successively revealed that the debts have not been repaid when they are due.

July 25, 2018Company AnnouncementAccording to the report, as of July 25, 2018, the company and its subsidiaries have outstanding debts of 916 million yuan. As of November 18, 2019, the company’s due outstanding debt totaled 5.814 billion yuan.

It is worth mentioning that the company has also been subject to regulatory penalties for fraud. On December 7, 2020, the Shanghai Stock Exchange made a disciplinary decision on the company and related responsible persons for the financial fraud violations of Oriental Jinyu and its actual controllers and related responsible persons.

The “Disciplinary Decision” shows that *ST Jinyu involved fictitious sales and procurement transactions, as well as false records in the 2016 and 2017 annual reports, and the 2018 semi-annual reports. *ST Jin Yu in the 2016, 2017 annual report, and 2018 semi-annual report, respectively inflatedOperating income142 million yuan, 295 million yuan, and 120 million yuan; inflated operating costs were 47 million yuan, 110 million yuan, and 41 million yuan; total inflated profits were 95 million yuan, 184 million yuan, and 79 million yuan, accounting for the current period.Consolidated Income Statement29.60%, 59.7% and 211.48% of the total profit. In addition, in the 2018 semi-annual report, *ST Jinyu also inflated its accounts receivable by 77 million yuan.

　　Share Bar Comment[Click to enter *ST Jinyu Bar]

　　退市规范化将成为主要趋势

　　一批股票下等公司将加快及时退市

1月13日市场收盘后，股价低于1元的公司有10多家，均为ST股。* ST天下该股票的收盘价已经连续20个交易日低于其票面价值（即1元人民币）。 该股票将于2021年1月14日（星期四）从开市起停牌，该公司的股票可能会终止上市。

　　* ST Universal1月6日发布了公告，声明其于1月5日受到上海证券交易所的监管。职位根据这封信，该公司的股价一直低于1元，并且有触及终止上市条件的风险。

截至2020年12月30日，在A股市场退市的公司数量为126家，其中2020年退市的公司为16家。证券监督管理委员会上市部副主任姜晓勇表示，一些失去了其股票市场的公司继续运营的能力以及严重违反法律和法规的公司没有“恢复”，这不仅影响资源分配的效率，而且会聚集风险，破坏市场秩序并损害监管信誉。 。 将来，退市规范化将成为主要趋势，许多低质量的股票公司将及时加速退市。

2020年12月14日，上海，深圳证券交易所对《上海证券交易所股票上市规则》，《深圳证券交易所股票上市规则》等支持性规定进行了修订，标志着新一轮的支持性交易成为可能。退市制度改革即将到来。

南开大学金融发展研究所所长田立辉说，除名制度的改革是中国资本市场健康发展的关键之一。 资本市场是资源分配的平台。 只有在优胜劣汰以及向内和向外的生存中，才能促进价值投资并优化资源分配。 登记制度是开放市场并使资源分配的决策权返回市场的“入口”。 市场平台能否高效运行，朝气蓬勃，善恶相待，取决于能否开放出口”，让劣等公司及时退市。

（文章来源：中国基金报纸）

（负责人：DF380）