原标题：膨胀，伪造，隐瞒超过400亿元！ 中国证券监督管理委员会发起了沉重的打击。 在过去的5个月中，这次大牛市的3倍真的很冷吗？
概要
[Inflationforgeryandconcealmentexceed40billionyuan!TheSecuritiesRegulatoryCommissionstrikesoutthreetimesthebigbullstocksinthepastfivemonthsisitreallygoingtobecoolthistime?】Despitethehardworkofthecompany’sexecutivesandtheattractiveconditionsforthetenderoffer*STYisheng’sstockpricecontinuedtodeclineafterashortreboundStartingJanuary192021thecompany’sstockpriceonceagainclosedbelowRMB1pershareAsofyesterday9consecutivetradingdayshave”brokenface”whichmeansthatif*STYishengcannolongersaveitselfeffectivelythereare11tradingdaysleftto”delistatfacevalue”(DailyEconomicNews)
Yesterday evening, the China Securities Regulatory Commission notified Yihua Life (600978, SH, now referred to as*ST Yisheng) Investigation of illegal information disclosure cases.
The China Securities Regulatory Commission stated that Yihua Life’s regular reports from 2016 to 2019 contained serious false records.One is to inflate profits by more than 2 billion yuan through fictitious sales business and inflated sales;bankInflated invoicesbankDeposits of more than 8 billion yuan; third, failure to disclose andRelated partyMore than 30 billion yuan of capital exchanges.The China Securities Regulatory Commission also stated that at present, the case has entered the administrative penalty trial procedure, and the relevant entities will be strictly investigated for violations of the law.
Every time the bull’s eye notices,*ST YishengAt present, the stock price has fallen below 1 yuan per share, which has shrunk 96% from the high point in 2015. It faces the risk of “delisting at face value” and it still has a chance to passExecutivesIs the increase in holdings back above face value?
The illegal information disclosure involves an amount of 40 billion yuan
Image source: China Securities Regulatory Commission official website
Yesterday evening, the China Securities Regulatory Commission notified the investigation of Yihua Life Information Disclosure illegal case on its official website.The China Securities Regulatory Commission stated that according to the clues found in the special inspection, in April 2020, I will deal with Yihua Life Technology Co., Ltd.the company(Referred to as Yihua Life, 600978) suspected violations of information disclosure law and regulations were filed for investigation. It has been initially verified that there are serious false records in Yihua Life’s regular reports from 2016 to 2019.
One is to inflated profits by more than 2 billion yuan through fictitious sales operations and inflated sales;
The second is through forgerybankInflated bank deposits by more than 8 billion yuan in forms such as documents;
Third, it failed to disclose more than 30 billion yuan of capital transactions with related parties as required.
At present, the case has entered the administrative penalty trial procedure, and the I will strictly investigate the relevant entities for violations of the law.
The market was shocked when the China Securities Regulatory Commission announced it.*ST YishengImmediately released the progress of the investigation and risk warningannouncementSaid that the company has not receivedChina Securities Regulatory CommissionRegarding the relevant written documents concerning the above-mentioned investigation matters, the relevant matters shall be subject to the conclusive investigation opinions or decisions of the China Securities Regulatory Commission. If the company is subject to administrative penalties by the China Securities Regulatory Commission for the above-mentioned investigation matters, and the facts determined in accordance with the administrative penalty decision touch upon the major violations of mandatory delisting under the Shanghai Stock Exchange’s Stock Listing Rules, the company’s stocks will face major violations of the law The risk of forced delisting.
2020 companyPerformanceLossYear-on-year increase
Public information shows that *ST Yisheng’s predecessor was Guangdong Yihua Wood Industry Co., Ltd. It was listed on the Shanghai Stock Exchange in August 2004.Main board listing, Is the first private camp in Shantouenterprise. In June 2016, it was officially changed to Yihua Life Technology Co., Ltd., successfully realizingBusiness TransformationUpgrade to an integrated service provider for residential and life.The company is mainly engaged in solid wood furniture, wood flooring, etc.productThe main products are solid wood furniture, solid wood flooring and solid wood composite flooring.
Yesterday evening, after the announcement on the progress of the investigation and the risk warning was issued, *ST Yisheng urgently released the 2020 annual performance forecast, which is expected to be attributed to listed companies in 2020shareholderofNet profitAbout 191,800 yuan to 216,800 yuan; after deducting non-recurring gains and losses, it is estimated that the net profit attributable to shareholders of listed companies will be about 192,400 yuan to 217,400 yuan in 2020. In 2019, the net profit attributable to shareholders of listed companies was 185 million yuan, and the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 207 million yuan.It seems that 2020company achievementsThe loss increased significantly year-on-year.
At the same time, *ST Yisheng plans toLong-term equityInvestment and accounts receivable were provided with 927 million yuan of long-term equity investment impairment reserves and 522 million yuan of bad debt losses on accounts receivable, totaling 1.449 billion yuan.
The data shows that *ST Yisheng’s annual net profit deducting non-attributable to the parent has declined year-on-year since 2018, down by more than 47% from 2017; in 2019, the net profit deducted from non-attributable to the parent suffered a loss, with a year-on-year decrease of 155.51%; in 2020 In the first three quarters, the consolidated net profit of non-attributable to parent company declined by more than 610% year-on-year.
It is worth noting that according to the report of the China Securities Regulatory Commission, *ST Yisheng’s 2016-2019 periodic report contains serious false records, so there is a big question mark on the authenticity of the above financial data.
Was 3 times the largest bull stock in 5 months
As of yesterday’s close, *ST Yisheng fell 1.09% to 0.91 yuan per share, with a turnover of 17.1 million yuan and a total market value of only 1.349 billion yuan.
Every time the bull’s eye notices, don’t look at *ST Yisheng’s miserable decline now. When the market was hot, it was also a big bull. Exactly 6 years ago, that is, at the beginning of January 2015, the company’s abbreviation was still “Yihua Wood Industry”. At that time, the stock price began to rise rapidly from about 6 yuan per share, and after 5 months it rose to a maximum of 23.73 yuan per share. , The range rose close to 3 times.
Subsequently, Yihua Wood Industry issued an announcement on the evening of June 18, 2015, stating that the company is planning a non-public offering of shares, and the company’s shares have been continuously launched since the opening of the market on June 19, 2015.Suspension, 7 months later on January 21, 2016Resume trading.During the suspension period, the company carried out a number of large-scaleM&A。
Although there were frequent positives during the trading suspension period, the market also experienced a rapid correction during this period. Therefore, immediately after the resumption of trading, Yihua Wood had six consecutive one-word drop limits, which fell to the first line of 11 yuan/share. There has never been a significant rebound, and it has fallen all the way so far. In May 2016, the stock abbreviation was renamed “Yihua Life”.
After the disclosure of the annual reports of listed companies in 2020, on April 27, Yihua Life was investigated by the Securities Regulatory Commission for illegal information disclosure. Some market participants questioned the phenomenon of “double high deposits and loans” for years, and pointedly accused its financial data of falsification. Subsequently, since May 6, 2020, due to the company’s 2019 financial report being issued with an audit report that “unable to express an opinion”, the company’s stock was subject to a delisting risk warning, and the stock abbreviation was also changed from “Yihua Life” to “* ST Yisheng”.
“Par value delisting” risks topped
Every time the bull’s eye notices, the closing price of *ST Yisheng has fallen below the par value of 1 yuan per share from December 15, 2020, and the closing price has been lower than 1 yuan per share for 16 consecutive trading days, with the lowest falling to 0.76 yuan. /Share, it is only 4 days before the closing price of 20 consecutive trading days stipulated by the exchange is less than 1 yuan, which means that the listing will be terminated.
Faced with this crisis, the two directors of *ST Yisheng urgently started to rescue themselves. On the evening of January 6, 2021, *ST Yisheng announced that directors Liu Weihong and Zhou Tianmou passed the Shanghai Stock Exchange on January 6, 2021.Trading SystemCentralized biddingmeans of transactionIncrease holdings of the company’s shares by 500,000 shares and 306,000 shares, respectively, at an average price of 0.986 yuan per share and 0.98 yuan per share, with reference to the market value of 493,000 yuan and 299,000 yuan.
Stimulated by this news, *ST Yisheng’s stock price rose and rebounded continuously. The next day, the closing price of *ST Yisheng stood at 1.03 yuan/share again, temporarily lifting the crisis of “breaking face” delisting.
After that, Liu Weihong and Zhou Tianmou continued to increase their holdings, and the company’s deputy general manager Huang Zequn also joined in. As of January 18, 2021, Liu Weihong has increased his holdings 3 times, totaling 1.1 million shares, with a reference market value of 1,107,300 yuan; Zhou Tianmou has increased his holdings 4 times, totaling 1,291,300 shares, with a reference market value of 1,297,600 yuan; Huang Zequn has increased his holdings 1 time. 485,300 shares, with a reference market value of 499,000 yuan. During the period, the three people accumulatively increased their holdings of 2,876,600 shares, with reference to the market value of 2,904,800.
At the same time, on January 15, natural person Huang Shulong issued a partial tender offer to all shareholders of *ST Yisheng’s tradable shares.The number of shares in this tender offer is 88,972,200 shares, accounting for 6.00% of the total issued shares of *ST Yisheng.priceIt is 1.15 yuan/share. The tender offer is mainly based on the acquirer’s recognition of the company’s asset integration value and business development space. The purchaser believes that the company’s current net assets per share are higher than the par value of the stock, the land resources under its name have development potential, and the stock has a certain investment value.
Although the company’s executives worked hard and the conditions for the tender offer were attractive, the stock price of *ST Yisheng continued to decline after a short rebound. Starting January 19, 2021, the company’s stock price once again closed below RMB 1 per share. As of yesterday, there have been 9 consecutive trading days “breaking”, which means that if *ST Yisheng can no longer effectively save itself, there are 11 trading days left to “delist at face value”.
Now *ST Yisheng is involved in an illegal information disclosure case and faces punishment. It may be difficult to “turn over” again.
(Source: Daily Economic News)
(Editor in charge: DF150)
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