The “White Horse Stocks” that insulted investors’ IQ in those years are now shouting
Writing | Xianbao
Edit | Sen Miao
“The stock market is risky, you need to be cautious when entering the market.” This cliché has been talking for many years, but it has not been heard by many people. Take a look at the following “white horse stocks” to become “black swan” stocks, and deeply appreciate Right.
Kangmei Pharmaceutical: “White Horse Stocks” with 30 billion financial errors
A lot of times, it ’s not necessarily the Supreme Treasure that is wearing a gold armor, but also a fairy.
Kangmei Pharmaceutical was the only two billion-dollar market shares with Hengrui Pharmaceuticals in the A-share market, and the proper pharmaceutical “white horse”, but because of financial fraud, it has been beaten back to the prototype. The current market value is only There are more than 15 billion yuan left. The 2019 results are expected to be a loss of -1.35 billion yuan to -1.65 billion yuan, the first loss since listing.
However, the financial frauds of Kangmei Pharmaceutical are not unusually over-reported or under-costed, but are cash frauds that subvert market perception, 29.944 billion yuan, which is blinding!
For the convenience of typing, let’s make it 30 billion. 30 billion yuan, what is this concept? One hundred million yuan weighs about 1.1 tons, and 30 billion is 330 tons. It is really bold to make so much out of nothing.
Look at what Kangmei Pharmaceutical said, “Due to errors in the calculation of account funds, monetary funds amounted to 29.944 billion yuan.” This accounting error is really a bit large and has exceeded the market value of nearly 90% of A-share listed companies. , Who will heal the pain of uncomfortable stockholders?
Kangdexin: The new material “White Horse Stocks” for debt-bearing days
Kangdexin was once known as the “new material white horse stock”. Since its listing in 2010, its performance has grown rapidly, and its stock price has risen steadily. It has been favored by the capital market.
However, what made investors wonder is that while sitting on the account with 15 billion cash, Kang Dexin has been living on debt. In the end, even the principal and interest of 1.041 billion yuan of bonds could not be paid on schedule, and the credit rating was significantly reduced. The stock price also dropped from a maximum of 2.771 billion yuan in November 2017 to about 3.5 yuan now.
Of course, there may be other problems, awaiting investigation by the Securities and Futures Commission.
Imprint Media: “White Horse Stocks” in which Chen Cang is madly cashing out
“Seeing him rise from a high-rise building, seeing his banquet guests, and seeing his building collapse”, this drama is the most suitable for the imprint media to sing.
From 2014 to 2017, Yinji Media achieved net profit of 436 million yuan, 574 million yuan, 731 million and 776 million yuan, and accurately completed its performance commitments at the time of listing. Then, the style of painting changed abruptly. In the first half of 2018, the net profit of Imprint Media was only 22 million yuan, and the huge loss of 1.786 billion yuan in 2018. Changing face is faster than turning the book!
It is even more irritating that, before the announcement of the results of the death of the light, the actual controller Xiao Wenge had secretly reduced Chen Cang’s holdings and cashed a lot.
From February to June 2018, Xiao Wenge cashed out 2.4 billion yuan by transferring the shares of India-based Media and India-based Huacheng held by him; more surprisingly, in July, India-based Media also stated that the company It is proposed to acquire the house under Xiao Wenge’s name as the company’s office space for 66 million yuan in cash. However, due to the ugly “food appearance”, the related transaction was announced to be terminated.
In addition to boss Xiao, who is busy cashing out, there is also Zhang Bin, a major shareholder who started a business with boss Xiao. According to public information, from the end of 2016 to the beginning of 2018, Zhang Bin has accumulated a reduction of 32 million shares, earning 830 million yuan, and a proper life winner!
To date, the story of Imprint Media is still circulating in the rivers and lakes. Some say that Xiao Wenge was involved in gambling and had to resell the funds of listed companies into his own hands. Some also said that the actual controller of Yinji was another person. Some funds were accused of being moved overseas …
Only, in just two years, from a market value of 43.1 billion yuan, far exceeding Huayi and Light, the listed company known as the “media white horse” has come to the edge of delisting, is on the verge of bankruptcy, and has suffered a small number of shareholders.
Long-life creatures: “White horse stocks” that make “fake vaccines”
Changsheng Bio has also been a well-known big bull stock, with a net profit of 566 million yuan in 2017 and a rabies vaccine market share of 23.19%, ranking second in the country, but was terminated due to the “fake vaccine” incident. Recently, Asset auction is in progress.
According to media reports, the incident was caused by an internal internal employee report. Changsheng Biotechnology blended different batches of stock solution, and then re-produced the batch number of the stock solution after the batch was blended. This led to the Changchun Changsheng vaccine incident that shocked the country.
Compared with financial fraud companies, the behavior of Changsheng Biological is no longer an explanation that can be deceived by humans. It is very hateful to human life and must be severely punished.
Big Groups: “Huge Horse Stocks” that once “huge”
Relying on China ’s huge consumer market, Huge Group used to be very “huge”, with more than 1,000 distribution outlets including passenger cars, commercial vehicles, and construction machinery vehicles, with a market value of more than 63 billion yuan. The highest market value car dealer group.
But in terms of performance, hugeness is not “huge”. Since it was listed in 2011, the scale of radical expansion has only been profitable in 2011 and 2016. The rest of the years have been loss-making, and the asset-liability ratio has remained high. Up to 90%.
In 2017, due to letter violations, Huge was banned from financing the capital market for more than one year, which directly led to the disruption of Huge cash flow and a difficult situation. The annual report for the first half of 2019 shows that huge liquidity liabilities amount to more than 26 billion yuan, and overdue defaults have emerged endlessly. In a bribery case involving car executives, the name of the huge actual controller Pang Qinghua was listed.
ST’s huge market value has shrunk by nearly 90%, and it is undergoing reorganization. I don’t know if the 370,000 shareholders behind it can wait for the day when the hugeness is “huge”.
Distant fog system: foggy “white horse stock”
Shenwu Environmental Protection and Shenwu Energy Conservation under the Shenwu Group were once called “Shenwu Double Heroes”. At the peak, the market value was more than 60 billion. Now Shenwu Energy Saving has been ST, and Shenwu Environmental Protection is hovering. edge.
From the star to the decline, the “Shenwu Department” has always had a mysterious sense of seeing flowers in the fog, but it has fallen into the altar called “Shenwu Group: Sorry Jobs I Realize your dream with your routine “self-media article, questioning Shenwu Environmental Protection’s use of connected transactions to achieve performance growth routines, Shenwu Energy’s 2016 annual report of abnormal cash flow and excessive gross profit margin.
Although Shenwu has denied it, the torn mouth can no longer be blocked, the stock price has plummeted, cash flow has become less and less, and debt has become more and more.With too much space, production and operation are basically at a standstill …
Hanergy Film: A “White Horse Stock” that killed one another
The magic of the capital market is that he can make people explode overnight, and also make people return to poverty overnight. For example, Li Hejun, the helm of Hanergy Films, went from the richest man to the “negative loser” in the fluctuation of stock prices.
From November 2014 to early May 2015, Hanergy’s stock price soared rapidly, with a total market value of more than 150 billion Hong Kong dollars, which made Li Hejun the richest man in mainland China.
However, the good times didn’t last long. On May 20, 2015, the stock price of Hanergy Thin Film Power Generation dived for a short time in just 20 minutes. At the close of the day, the stock price fell 46.95%, and the market value evaporated more than 145.8 billion Hong Kong dollars.
After the incident, Li Hejun attributed the plunge in stock prices to large-scale short selling by many international hedge funds, but from the perspective of market doubts, left-handed and right-handed connected transactions and weak profitability were the trigger.
In June 2019, Hanergy withdrew from the Hong Kong stock market with a “share replacement” plan and actively prepared to return to A. According to Hanergy’s own statement, the independent shareholders of each Hanergy film will then hold A in the future through SPV shares. Shares of listed companies.
As of now, there is no updated information on Hanergy’s return to A. There are many negative news such as lack of money and wages owed.
Xinwei Group: “White Horse Stocks”, which set a record for the daily limit king
Xinwei Group was born under the name of Datang Telecom. It was listed on the back of Huachuang Xinshu in September 2014. After listing, the highest market value reached 200 billion yuan. It was once selected as a constituent stock of SSE 50, SSE 180, and CSI 300. ST Xinwei.
In December 2016, an article by NetEase Finance called “Shineway Group’s Skyshark: Hidden Debt Mystery Man Cashed Out” became the beginning of Xinwei Group’s fall, the article directly pointed out that listed companies passed “buyer credit” Model, and the use of connected transactions to drive up the stock price to achieve high shareholder cash out of the market.
Although Xinwei Group claimed that “the report was seriously inconsistent with the facts”, it was suspended for nearly three years due to a major asset reorganization, and its business conditions also changed dramatically. During 2017-2018 The net profit was -17.7 billion yuan and -29 billion yuan.
In July 2019, Xinwei Group was finally “forced” to resume trading under the pressure of supervision and public opinion.The 3 daily limit hit a record of the A share limit.
LeTV: “Eco-Reverse” “White Horse Stock”
A joke has been circulating on Weibo recently, asking: How can we judge that the US epidemic is really serious? Answer: Jia Yueting has returned to China.
Jia Yueting is so amazing. Although people are no longer in the country, they can always occupy a mountain in the domestic public opinion field. Once upon a time, Jia Yueting’s own words “ecological anti” and the seven major ecology of LeTV made LeTV’s stock price rise gradually, with a market value of up to 150 billion.
As a result, it is this powerful “reverse” function that eventually led to LeTV falling apart, owing a huge amount of debt and entrenching hundreds of thousands of shareholders, but Jia Yueting himself reduced his holdings in the stock market by more than 14 billion. He is still at home abroad.
The paradox of the stock market is not only in the abstract words of short, short positions, longs, shorts, etc., but also in the scams that ordinary investors cannot see. When the scam exposes capital to escape, it is always the last The injured shareholders are still the old saying, “Put stocks carefully.”
Note: All pictures are from Tongdaxin software
Kangdexin was once known as the “new material white horse stock”. Since its listing in 2010, its performance has grown rapidly, and its stock price has risen steadily. It has been favored by the capital market.
However, what made investors wonder is that while sitting on the account with 15 billion cash, Kang Dexin has been living on debt. In the end, even the principal and interest of 1.041 billion yuan of bonds could not be paid on schedule, and the credit rating was significantly reduced. The stock price also dropped from a maximum of 2.771 billion yuan in November 2017 to about 3.5 yuan now.
Of course, there may be other problems, awaiting investigation by the Securities and Futures Commission.
Imprint Media: “White Horse Stocks” in which Chen Cang is madly cashing out
“Seeing him rise from a high-rise building, seeing his banquet guests, and seeing his building collapse”, this drama is the most suitable for the imprint media to sing.
From 2014 to 2017, Yinji Media achieved net profit of 436 million yuan, 574 million yuan, 731 million and 776 million yuan, and accurately completed its performance commitments at the time of listing. Then, the style of painting changed abruptly. In the first half of 2018, the net profit of Imprint Media was only 22 million yuan, and the huge loss of 1.786 billion yuan in 2018. Changing face is faster than turning the book!
It is even more irritating that, before the announcement of the results of the death of the light, the actual controller Xiao Wenge had secretly reduced Chen Cang’s holdings and cashed a lot.
From February to June 2018, Xiao Wenge cashed out 2.4 billion yuan by transferring the shares of India-based Media and India-based Huacheng held by him; more surprisingly, in July, India-based Media also stated that the company It is proposed to acquire the house under Xiao Wenge’s name as the company’s office space for 66 million yuan in cash. However, due to the ugly “food appearance”, the related transaction was announced to be terminated.
In addition to boss Xiao, who is busy cashing out, there is also Zhang Bin, a major shareholder who started a business with boss Xiao. According to public information, from the end of 2016 to the beginning of 2018, Zhang Bin has accumulated a reduction of 32 million shares, earning 830 million yuan, and a proper life winner!
To date, the story of Imprint Media is still circulating in the rivers and lakes. Some say that Xiao Wenge was involved in gambling and had to resell the funds of listed companies into his own hands. Some also said that the actual controller of Yinji was another person. Some funds were accused of being moved overseas …
Only, in just two years, from a market value of 43.1 billion yuan, far exceeding Huayi and Light, the listed company known as the “media white horse” has come to the edge of delisting, is on the verge of bankruptcy, and has suffered a small number of shareholders.
Long-life creatures: “White horse stocks” that make “fake vaccines”
Changsheng Bio has also been a well-known big bull stock, with a net profit of 566 million yuan in 2017 and a rabies vaccine market share of 23.19%, ranking second in the country, but was terminated due to the “fake vaccine” incident. Recently, Asset auction is in progress.
According to media reports, the incident was caused by an internal internal employee report. Changsheng Biotechnology blended different batches of stock solution, and then re-produced the batch number of the stock solution after the batch was blended. This led to the Changchun Changsheng vaccine incident that shocked the country.
Compared with financial fraud companies, the behavior of Changsheng Biological is no longer an explanation that can be deceived by humans. It is very hateful to human life and must be severely punished.
Big Groups: “Huge Horse Stocks” that once “huge”
Relying on China ’s huge consumer market, Huge Group used to be very “huge”, with more than 1,000 distribution outlets including passenger cars, commercial vehicles, and construction machinery vehicles, with a market value of more than 63 billion yuan. The highest market value car dealer group.
But in terms of performance, hugeness is not “huge”. Since it was listed in 2011, the scale of radical expansion has only been profitable in 2011 and 2016. The rest of the years have been loss-making, and the asset-liability ratio has remained high. Up to 90%.
In 2017, due to letter violations, Huge was banned from financing the capital market for more than one year, which directly led to the disruption of Huge cash flow and a difficult situation. The annual report for the first half of 2019 shows that huge liquidity liabilities amount to more than 26 billion yuan, and overdue defaults have emerged endlessly. In a bribery case involving car executives, the name of the huge actual controller Pang Qinghua was listed.
ST’s huge market value has shrunk by nearly 90%, and it is undergoing reorganization. I don’t know if the 370,000 shareholders behind it can wait for the day when the hugeness is “huge”.
Distant fog system: foggy “white horse stock”
Shenwu Environmental Protection and Shenwu Energy Conservation under the Shenwu Group were once called “Shenwu Double Heroes”. At the peak, the market value was more than 60 billion. Now Shenwu Energy Saving has been ST, and Shenwu Environmental Protection is hovering. edge.
From the star to the decline, the “Shenwu Department” has always had a mysterious sense of seeing flowers in the fog, but it has fallen into the altar called “Shenwu Group: Sorry Jobs I Realize your dream with your routine “self-media article, questioning Shenwu Environmental Protection’s use of connected transactions to achieve performance growth routines, Shenwu Energy’s 2016 annual report of abnormal cash flow and excessive gross profit margin.
Although Shenwu has denied it, the torn mouth can no longer be blocked, the stock price has plummeted, cash flow has become less and less, and debt has become more and more.With too much space, production and operation are basically at a standstill …
Hanergy Film: A “White Horse Stock” that killed one another
The magic of the capital market is that he can make people explode overnight, and also make people return to poverty overnight. For example, Li Hejun, the helm of Hanergy Films, went from the richest man to the “negative loser” in the fluctuation of stock prices.
From November 2014 to early May 2015, Hanergy’s stock price soared rapidly, with a total market value of more than 150 billion Hong Kong dollars, which made Li Hejun the richest man in mainland China.
However, the good times didn’t last long. On May 20, 2015, the stock price of Hanergy Thin Film Power Generation dived for a short time in just 20 minutes. At the close of the day, the stock price fell 46.95%, and the market value evaporated more than 145.8 billion Hong Kong dollars.
After the incident, Li Hejun attributed the plunge in stock prices to large-scale short selling by many international hedge funds, but from the perspective of market doubts, left-handed and right-handed connected transactions and weak profitability were the trigger.
In June 2019, Hanergy withdrew from the Hong Kong stock market with a “share replacement” plan and actively prepared to return to A. According to Hanergy’s own statement, the independent shareholders of each Hanergy film will then hold A in the future through SPV shares. Shares of listed companies.
As of now, there is no updated information on Hanergy’s return to A. There are many negative news such as lack of money and wages owed.
Xinwei Group: “White Horse Stocks”, which set a record for the daily limit king
Xinwei Group was born under the name of Datang Telecom. It was listed on the back of Huachuang Xinshu in September 2014. After listing, the highest market value reached 200 billion yuan. It was once selected as a constituent stock of SSE 50, SSE 180, and CSI 300. ST Xinwei.
In December 2016, an article by NetEase Finance called “Shineway Group’s Skyshark: Hidden Debt Mystery Man Cashed Out” became the beginning of Xinwei Group’s fall, the article directly pointed out that listed companies passed “buyer credit” Model, and the use of connected transactions to drive up the stock price to achieve high shareholder cash out of the market.
Although Xinwei Group claimed that “the report was seriously inconsistent with the facts”, it was suspended for nearly three years due to a major asset reorganization, and its business conditions also changed dramatically. During 2017-2018 The net profit was -17.7 billion yuan and -29 billion yuan.
In July 2019, Xinwei Group was finally “forced” to resume trading under the pressure of supervision and public opinion.The 3 daily limit hit a record of the A share limit.
LeTV: “Eco-Reverse” “White Horse Stock”
A joke has been circulating on Weibo recently, asking: How can we judge that the US epidemic is really serious? Answer: Jia Yueting has returned to China.
Jia Yueting is so amazing. Although people are no longer in the country, they can always occupy a mountain in the domestic public opinion field. Once upon a time, Jia Yueting’s own words “ecological anti” and the seven major ecology of LeTV made LeTV’s stock price rise gradually, with a market value of up to 150 billion.
As a result, it is this powerful “reverse” function that eventually led to LeTV falling apart, owing a huge amount of debt and entrenching hundreds of thousands of shareholders, but Jia Yueting himself reduced his holdings in the stock market by more than 14 billion. He is still at home abroad.
The paradox of the stock market is not only in the abstract words of short, short positions, longs, shorts, etc., but also in the scams that ordinary investors cannot see. When the scam exposes capital to escape, it is always the last The injured shareholders are still the old saying, “Put stocks carefully.”
Note: All pictures are from Tongdaxin software
Changsheng Bio has also been a well-known big bull stock, with a net profit of 566 million yuan in 2017 and a rabies vaccine market share of 23.19%, ranking second in the country, but was terminated due to the “fake vaccine” incident. Recently, Asset auction is in progress.
According to media reports, the incident was caused by an internal internal employee report. Changsheng Biotechnology blended different batches of stock solution, and then re-produced the batch number of the stock solution after the batch was blended. This led to the Changchun Changsheng vaccine incident that shocked the country.
Compared with financial fraud companies, the behavior of Changsheng Biological is no longer an explanation that can be deceived by humans. It is very hateful to human life and must be severely punished.
Big Groups: “Huge Horse Stocks” that once “huge”
Relying on China ’s huge consumer market, Huge Group used to be very “huge”, with more than 1,000 distribution outlets including passenger cars, commercial vehicles, and construction machinery vehicles, with a market value of more than 63 billion yuan. The highest market value car dealer group.
But in terms of performance, hugeness is not “huge”. Since it was listed in 2011, the scale of radical expansion has only been profitable in 2011 and 2016. The rest of the years have been loss-making, and the asset-liability ratio has remained high. Up to 90%.
In 2017, due to letter violations, Huge was banned from financing the capital market for more than one year, which directly led to the disruption of Huge cash flow and a difficult situation. The annual report for the first half of 2019 shows that huge liquidity liabilities amount to more than 26 billion yuan, and overdue defaults have emerged endlessly. In a bribery case involving car executives, the name of the huge actual controller Pang Qinghua was listed.
ST’s huge market value has shrunk by nearly 90%, and it is undergoing reorganization. I don’t know if the 370,000 shareholders behind it can wait for the day when the hugeness is “huge”.
Distant fog system: foggy “white horse stock”
Shenwu Environmental Protection and Shenwu Energy Conservation under the Shenwu Group were once called “Shenwu Double Heroes”. At the peak, the market value was more than 60 billion. Now Shenwu Energy Saving has been ST, and Shenwu Environmental Protection is hovering. edge.
From the star to the decline, the “Shenwu Department” has always had a mysterious sense of seeing flowers in the fog, but it has fallen into the altar called “Shenwu Group: Sorry Jobs I Realize your dream with your routine “self-media article, questioning Shenwu Environmental Protection’s use of connected transactions to achieve performance growth routines, Shenwu Energy’s 2016 annual report of abnormal cash flow and excessive gross profit margin.
Although Shenwu has denied it, the torn mouth can no longer be blocked, the stock price has plummeted, cash flow has become less and less, and debt has become more and more.With too much space, production and operation are basically at a standstill …
Hanergy Film: A “White Horse Stock” that killed one another
The magic of the capital market is that he can make people explode overnight, and also make people return to poverty overnight. For example, Li Hejun, the helm of Hanergy Films, went from the richest man to the “negative loser” in the fluctuation of stock prices.
From November 2014 to early May 2015, Hanergy’s stock price soared rapidly, with a total market value of more than 150 billion Hong Kong dollars, which made Li Hejun the richest man in mainland China.
However, the good times didn’t last long. On May 20, 2015, the stock price of Hanergy Thin Film Power Generation dived for a short time in just 20 minutes. At the close of the day, the stock price fell 46.95%, and the market value evaporated more than 145.8 billion Hong Kong dollars.
After the incident, Li Hejun attributed the plunge in stock prices to large-scale short selling by many international hedge funds, but from the perspective of market doubts, left-handed and right-handed connected transactions and weak profitability were the trigger.
In June 2019, Hanergy withdrew from the Hong Kong stock market with a “share replacement” plan and actively prepared to return to A. According to Hanergy’s own statement, the independent shareholders of each Hanergy film will then hold A in the future through SPV shares. Shares of listed companies.
As of now, there is no updated information on Hanergy’s return to A. There are many negative news such as lack of money and wages owed.
Xinwei Group: “White Horse Stocks”, which set a record for the daily limit king
Xinwei Group was born under the name of Datang Telecom. It was listed on the back of Huachuang Xinshu in September 2014. After listing, the highest market value reached 200 billion yuan. It was once selected as a constituent stock of SSE 50, SSE 180, and CSI 300. ST Xinwei.
In December 2016, an article by NetEase Finance called “Shineway Group’s Skyshark: Hidden Debt Mystery Man Cashed Out” became the beginning of Xinwei Group’s fall, the article directly pointed out that listed companies passed “buyer credit” Model, and the use of connected transactions to drive up the stock price to achieve high shareholder cash out of the market.
Although Xinwei Group claimed that “the report was seriously inconsistent with the facts”, it was suspended for nearly three years due to a major asset reorganization, and its business conditions also changed dramatically. During 2017-2018 The net profit was -17.7 billion yuan and -29 billion yuan.
In July 2019, Xinwei Group was finally “forced” to resume trading under the pressure of supervision and public opinion.The 3 daily limit hit a record of the A share limit.
LeTV: “Eco-Reverse” “White Horse Stock”
A joke has been circulating on Weibo recently, asking: How can we judge that the US epidemic is really serious? Answer: Jia Yueting has returned to China.
Jia Yueting is so amazing. Although people are no longer in the country, they can always occupy a mountain in the domestic public opinion field. Once upon a time, Jia Yueting’s own words “ecological anti” and the seven major ecology of LeTV made LeTV’s stock price rise gradually, with a market value of up to 150 billion.
As a result, it is this powerful “reverse” function that eventually led to LeTV falling apart, owing a huge amount of debt and entrenching hundreds of thousands of shareholders, but Jia Yueting himself reduced his holdings in the stock market by more than 14 billion. He is still at home abroad.
The paradox of the stock market is not only in the abstract words of short, short positions, longs, shorts, etc., but also in the scams that ordinary investors cannot see. When the scam exposes capital to escape, it is always the last The injured shareholders are still the old saying, “Put stocks carefully.”
Note: All pictures are from Tongdaxin software
Shenwu Environmental Protection and Shenwu Energy Conservation under the Shenwu Group were once called “Shenwu Double Heroes”. At the peak, the market value was more than 60 billion. Now Shenwu Energy Saving has been ST, and Shenwu Environmental Protection is hovering. edge.
From the star to the decline, the “Shenwu Department” has always had a mysterious sense of seeing flowers in the fog, but it has fallen into the altar called “Shenwu Group: Sorry Jobs I Realize your dream with your routine “self-media article, questioning Shenwu Environmental Protection’s use of connected transactions to achieve performance growth routines, Shenwu Energy’s 2016 annual report of abnormal cash flow and excessive gross profit margin.
Although Shenwu has denied it, the torn mouth can no longer be blocked, the stock price has plummeted, cash flow has become less and less, and debt has become more and more.With too much space, production and operation are basically at a standstill …
Hanergy Film: A “White Horse Stock” that killed one another
The magic of the capital market is that he can make people explode overnight, and also make people return to poverty overnight. For example, Li Hejun, the helm of Hanergy Films, went from the richest man to the “negative loser” in the fluctuation of stock prices.
From November 2014 to early May 2015, Hanergy’s stock price soared rapidly, with a total market value of more than 150 billion Hong Kong dollars, which made Li Hejun the richest man in mainland China.
However, the good times didn’t last long. On May 20, 2015, the stock price of Hanergy Thin Film Power Generation dived for a short time in just 20 minutes. At the close of the day, the stock price fell 46.95%, and the market value evaporated more than 145.8 billion Hong Kong dollars.
After the incident, Li Hejun attributed the plunge in stock prices to large-scale short selling by many international hedge funds, but from the perspective of market doubts, left-handed and right-handed connected transactions and weak profitability were the trigger.
In June 2019, Hanergy withdrew from the Hong Kong stock market with a “share replacement” plan and actively prepared to return to A. According to Hanergy’s own statement, the independent shareholders of each Hanergy film will then hold A in the future through SPV shares. Shares of listed companies.
As of now, there is no updated information on Hanergy’s return to A. There are many negative news such as lack of money and wages owed.
Xinwei Group: “White Horse Stocks”, which set a record for the daily limit king
Xinwei Group was born under the name of Datang Telecom. It was listed on the back of Huachuang Xinshu in September 2014. After listing, the highest market value reached 200 billion yuan. It was once selected as a constituent stock of SSE 50, SSE 180, and CSI 300. ST Xinwei.
In December 2016, an article by NetEase Finance called “Shineway Group’s Skyshark: Hidden Debt Mystery Man Cashed Out” became the beginning of Xinwei Group’s fall, the article directly pointed out that listed companies passed “buyer credit” Model, and the use of connected transactions to drive up the stock price to achieve high shareholder cash out of the market.
Although Xinwei Group claimed that “the report was seriously inconsistent with the facts”, it was suspended for nearly three years due to a major asset reorganization, and its business conditions also changed dramatically. During 2017-2018 The net profit was -17.7 billion yuan and -29 billion yuan.
In July 2019, Xinwei Group was finally “forced” to resume trading under the pressure of supervision and public opinion.The 3 daily limit hit a record of the A share limit.
LeTV: “Eco-Reverse” “White Horse Stock”
A joke has been circulating on Weibo recently, asking: How can we judge that the US epidemic is really serious? Answer: Jia Yueting has returned to China.
Jia Yueting is so amazing. Although people are no longer in the country, they can always occupy a mountain in the domestic public opinion field. Once upon a time, Jia Yueting’s own words “ecological anti” and the seven major ecology of LeTV made LeTV’s stock price rise gradually, with a market value of up to 150 billion.
As a result, it is this powerful “reverse” function that eventually led to LeTV falling apart, owing a huge amount of debt and entrenching hundreds of thousands of shareholders, but Jia Yueting himself reduced his holdings in the stock market by more than 14 billion. He is still at home abroad.
The paradox of the stock market is not only in the abstract words of short, short positions, longs, shorts, etc., but also in the scams that ordinary investors cannot see. When the scam exposes capital to escape, it is always the last The injured shareholders are still the old saying, “Put stocks carefully.”
Note: All pictures are from Tongdaxin software
Xinwei Group was born under the name of Datang Telecom. It was listed on the back of Huachuang Xinshu in September 2014. After listing, the highest market value reached 200 billion yuan. It was once selected as a constituent stock of SSE 50, SSE 180, and CSI 300. ST Xinwei.
In December 2016, an article by NetEase Finance called “Shineway Group’s Skyshark: Hidden Debt Mystery Man Cashed Out” became the beginning of Xinwei Group’s fall, the article directly pointed out that listed companies passed “buyer credit” Model, and the use of connected transactions to drive up the stock price to achieve high shareholder cash out of the market.
Although Xinwei Group claimed that “the report was seriously inconsistent with the facts”, it was suspended for nearly three years due to a major asset reorganization, and its business conditions also changed dramatically. During 2017-2018 The net profit was -17.7 billion yuan and -29 billion yuan.
In July 2019, Xinwei Group was finally “forced” to resume trading under the pressure of supervision and public opinion.The 3 daily limit hit a record of the A share limit.
LeTV: “Eco-Reverse” “White Horse Stock”
A joke has been circulating on Weibo recently, asking: How can we judge that the US epidemic is really serious? Answer: Jia Yueting has returned to China.
Jia Yueting is so amazing. Although people are no longer in the country, they can always occupy a mountain in the domestic public opinion field. Once upon a time, Jia Yueting’s own words “ecological anti” and the seven major ecology of LeTV made LeTV’s stock price rise gradually, with a market value of up to 150 billion.
As a result, it is this powerful “reverse” function that eventually led to LeTV falling apart, owing a huge amount of debt and entrenching hundreds of thousands of shareholders, but Jia Yueting himself reduced his holdings in the stock market by more than 14 billion. He is still at home abroad.
The paradox of the stock market is not only in the abstract words of short, short positions, longs, shorts, etc., but also in the scams that ordinary investors cannot see. When the scam exposes capital to escape, it is always the last The injured shareholders are still the old saying, “Put stocks carefully.”
Note: All pictures are from Tongdaxin software