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After closing at less than 1 yuan for 20 consecutive trading days, * ST Beauchamp (rights protection) (300495Fibabasketballworldcupasiaqualifiers.SZ) is destined to be delisted.
Red Star Capital Bureau noted that * ST Meishang began financial fraud when it hit the listing, falsely increasing net profits for many years in a row, from financial fraud listing to being exposed and delisting, * ST Beauchamp has finished the road of "circling money".
Financial fraud was made when the impact went public.
The share price has been less than 1 yuan per share for 20 consecutive trading days.
According to public data, * ST was founded in 2001 and listed in 2015. Its main business covers three major areas: ecological culture, tourism, ecological restoration and ecological products, forming a complete industrial chain integrating planning, planning, design, research and development, financing, construction, production, investment and tourism operation.
Since the beginning of this year, the share price of * ST Beauchamp has fallen continuously, even falling below 1 yuan per share.
On May 8, * ST Mercer closed at 0.13 yuan per share, with a total market capitalization of about 87.66 million yuan. This is the 20th consecutive trading day for * ST Beauchamp to close at less than 1 yuan per share.
Red Star Capital Bureau looked through the financial report and found that, judging from the superficial financial data, * ST Meishang remained profitable for many years after listing, until 2020, * ST Meishang had a net loss of about 94.56 million yuan that year, and has been in a state of loss ever since.
According to the latest annual report for 2023, * ST still had a revenue of about 87.5 million yuan and a net loss of about 545 million yuan. From 2020 to 2023, * ST Midea posted a total net loss of about 2.372 billion yuan over a four-year period.
In fact, four years of losses are just the tip of the iceberg of * ST Beauty, and the CSRC investigation revealed the true face of * ST Beauty.
As early as 2023, * ST Mercer was punished by the CSRC for financial fraud and fraudulent issuance.
According to the Administrative penalty decision, from 2012 to 2019, * ST falsely increased its net profit by about 11.71 million yuan, 16.52 million yuan, 7.67 million yuan, 66.73 million yuan, 64.01 million yuan, 78.35 million yuan, 148 million yuan and 58.44 million yuan, respectively.
It also means that ST Beauchamp has been faking everything from the prospectus to the financial statements of the calendar year (2016-2020).
Based on the above situation, the CSRC ordered * ST Meishang to make corrections, gave a warning and imposed a fine of 13.3 million yuan; Wang Yingyan and Xu Jing, the actual controllers, were warned and fined 15.1 million yuan and 530000 yuan respectively.
In addition, because Wang Yingyan was then chairman, general manager and actual controller of * ST Meishang, she was banned from the securities market for life.
Wang Yingyan once conspiredFibabasketballworldcupasiaqualifiersOthers manipulate their own stocks
The transaction volume approached 80 billion, but lost more than 200 million.
As one of the actual controllers, Wang Yingyan is the soul of * ST Beautiful.
According to public data, Wang Yingyan was born in 1967, Chinese nationality, no permanent residence abroad, bachelor's degree, major in weaving, EMBA degree from Fudan University. In 2016, it made its debut on the Hurun Rich list with a wealth of 5 billion yuan with * ST Beauchamp.
However, in February this year, * ST Meishang issued a notice saying that it had received a letter from Wang Yingyan that it had received a "decision on administrative penalty" from the CSRC. Wang Yingyan was divided by a fine of 5 million yuan for manipulating the securities market.
According to the CSRC, from June 2018 to July 3, 2020, Wang Yingyan worked with Ji Yun, the legal representative of Shanghai Yongshu Asset Management Co., Ltd., and the two actually controlled "Wu" and other 113 securities account transactions * ST.
During the manipulation period, they used relevant accounts to buy 3.141 billion shares, buy 39.984 billion yuan, sell 3.138 billion shares and sell 39.798 billion yuan. After deducting commissions and related taxes and fees, they lost a total of 238 million yuan.
In addition to Wang Yingyan, * ST Meishang also hit the regulatory red line.
On April 21 this year, * ST Meishang announced that it had received a "case notice" from the Securities Regulatory Commission, and the CSRC decided to file a case against him on suspicion of illegal information disclosure; on the same day, * ST Meishang also received a written decision on administrative supervision measures from the Shenzhen Securities Regulatory Bureau, which found that it had problems such as non-standard financial accounting and failing to fulfill its obligations of information disclosure in accordance with the regulations.
Among them, in fulfilling the obligation of information disclosure, * ST Mei did not disclose in time that its prosecution case as a plaintiff was accepted by the court, and even after the Securities Regulatory Commission served the administrative penalty decision on * ST Beauty's controlling shareholder (Wang Yingyan), * ST Mei did not announce it in time, which was delayed for 15 days.
On May 8, Red Star Capital Bureau repeatedly called * ST the phone number disclosed by Mei Shang, but there was no answer.
(article source: red Star Capital Bureau)