AOKANG'S High-Tech Enterprises Are Accused Of &Nbsp; Wang Zhentao'S Riches Group Losses.

"The Maori industry is at the end of the year, the published cost is contrary to common sense and is obviously inconsistent with regulations. It has become a high-tech enterprise, a weak direct sales, a product is not innovative, and a weak financial". The listing of AOKANG shoe industry has been questioned.

How can a shoe making enterprise be certified as a "high-tech enterprise"?

Group loss, Wang Zhentao family will be rich, what is this?

Six questions about AOKANG shoe listing

Zhejiang AOKANG

AOKANG shoe industry has been criticized as "high-tech enterprise".

The management measures for the identification of new and high technology enterprises stipulate that the high and new technology enterprises must satisfy six conditions at the same time.

First of all, the product (service) of high-tech enterprises belongs to the scope specified in the "high tech field supported by the state".

The reporter noted that the field of high-tech supported by the state will be divided into eight categories: electronic information technology, biological and new medicine technology, aerospace technology, new material technology, high tech service industry, new energy and energy saving technology, resources and environmental technology, and high and new technology pformation of traditional industries.

One of the eight subdivision areas is checked. None of them can be linked to AOKANG shoes.

In addition,

Wang Fenghua: look at what aspects of high technology you look at, for example, I design a shoe that is particularly comfortable, suitable for a crowd, and some sports shoes can jump from where to protect the feet. This is high and new technology. From which aspect can we identify the high and new technology to determine who really is going to carry it?

It may be a local government's tax relief. The local government said I would be willing to give him a tax cut.

Wang Zhentao family's riches, AOKANG group losses

At the early stage of establishment, AOKANG Holdings Limited (AOKANG group) held a shareholding ratio of 50%, while Wang Zhentao and his younger brother Wang Jinquan held 30% and 10% respectively, while Miu Yanshu held 5% and Pan Changzhong held 5%.

When the AOKANG shoe industry was established, its total capital stock amounted to 70 million shares.

In the following 10 years, AOKANG shoes industry made 3 capital increase and 1 equity pfer.

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After a number of registered capital changes, the proportion of AOKANG investment is 63.83%. Because the second largest shareholder of AOKANG shoe industry Wang Zhentao holds a 90% stake in AOKANG, and Wang Zhentao owns a stock of 18.70% of the AOKANG shoe industry directly and indirectly, it shares a share of 76.15% (243 million 664 thousand and 770 shares) of AOKANG shoes, and Wang Zhentao is the actual controller of the footwear industry.

In addition to the above two shareholders, the shareholders of AOKANG footwear industry also include 3 natural persons and Hongling venture capital, Chang Ting venture capital two institutional investors.

It is noteworthy that the 3 natural persons Wang Jinquan, Miu Yanshu and Pan Changzhong are Wang Zhentao's younger brother, Wang Zhentao's uncle and Wang Zhentao's brother-in-law, with a total shareholding ratio of 12.47%.

That is to say, the Wang Zhentao family altogether holds 88.62% of AOKANG shoe industry, and the number of shares is 283 million 564 thousand and 770 shares.

Judging from the number and operation of the AOKANG shoe industry, the issue price is expected to exceed 25 yuan / share, and the Wang Zhentao family will be worth 8 billion yuan.

According to the AOKANG footwear prospectus, AOKANG group, the major shareholder of AOKANG footwear industry, is mainly engaged in investment management business, and manages subsidiaries of real estate and biopharmaceutical companies.

From the point of view of disclosure, the actual controller of AOKANG footwear industry Wang Zhentao also holds 16 other enterprises, including 6 enterprises whose main business is real estate development and operation, and the Yongjia Ruifeng microfinance Limited by Share Ltd (small loan company).

In 2010, the company that realized the highest net profit was AOKANG group. Its main business was investment, creating a net profit of 104 million yuan; however, it lost 7 million yuan in the first half of 2011, while the small loan company whose net profit was only 16 million yuan in 2010 has achieved net profit of 14 million yuan in the first half of 2011, becoming the most profitable company of Wang Zhentao, whose registered capital is 200 million yuan.

However, in view of the financial situation of the enterprises in recent years, 9 companies suffered losses in 2010 and increased to 11 in the first half of this year.

Some people say that Wang Zhentao's story is the most condensed and wonderful story of leather shoes in Wenzhou.

But now this story has come to the most challenging moment.