Shanghai FTA For Financial Fraud Investigation

< p > < strong > suspected letter is illegal. < /strong > < /p >

< p > "fortunately, I got rid of the concept of free trade zone before the festival, otherwise I don't know what to do with Shanghai's goods and trade." let the stock holder Xie Lin be shocked that the two announcements of Shanghai night's trade were released in the evening of October 11th.

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< p > Shanghai trade bulletin stated that the company received the "Notice of investigation" of the China Securities Regulatory Commission and the decision of the Shanghai Securities Regulatory Commission on "administrative supervision measures" (hereinafter referred to as the "decision").

The Commission decided to investigate the company on suspicion of illegal disclosure of information.

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< p > Shanghai securities regulatory bureau "decision" shows that Shanghai fuel and wholly owned subsidiary Shanghai fuel in the first three quarters of 2012, by adjusting the number of temporary inventory, the amount of money, postponing the confirmation of the number of goods purchased, the amount of goods carried, the cost of the goods not being required, the impairment of the fluctuating stock in time, and the provision for the depreciation of the inventory, etc., less operating costs, less expenses and less impairment of assets, leading to the quarterly, semi annual and quarterly three quarterly reports disclosed by the company in 2012, which failed to truly reflect the company's < A href= "http:// www.91se91.com/pioneer/" > financial status < /a > and operating results.

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< p > A retrospective review of the various financial reports disclosed by Shanghai's 2012.

Overall, in 2012, Shanghai's property and trade performance showed a gradual downward trend.

However, before the semi annual report in 2012, the company's performance was still profitable.

In the first half of 2012, the net profit of Shanghai's goods and trade was 41 million 160 thousand and 900 yuan, down 28.37% compared with the same period last year.

In the third quarter of 2012, the situation changed dramatically. < a href= "http://sjfzxm.com/DESIGN/designer/index.asp" > net profit < /a > loss 134 million yuan.

Finally, the company's net profit in 2012 was 593 million yuan.

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< p > for the reason of loss, the explanation of Shanghai's goods and trade is that due to the shrinkage of oil trade market and the high cost in recent years, in the process of adjustment, the management mechanism of enterprises is not adapted to market changes, and the reasons for large losses are caused by the fact that inventory adjustment is not timely and sales are upside down.

This is the first time a company has lost money in 13 years.

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< p > it is obvious that Shanghai's material trade should postpone the advance of < a href= "http://sx.sjfzxm.com" > inventory < /a > to the end of the year.

In the semi annual report of 2012, the balance of Shanghai's inventory of goods and trade inventory was 43 million 17 thousand and 800 yuan at the beginning of the year.

When the 2012 annual report, the sum of money suddenly appeared 186 million yuan.

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< p > < strong > hot money touted Bull Stock < /strong > /p >

< p > a strong contrast with the company's dishonest accounts shows that since July this year, the stock price of Shanghai's goods and trade has seen an alarming increase.

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< p > June 25th, the stock price of Shanghai's material trade reached a historical low of 3.69 yuan. After hovering for several days, it began to rise sharply in early July, but not much.

But it is worth noting that there has been frequent buying and selling of this stock by hot money.

Shenyin Wanguo Shanghai Lujiazui Ring Road Sales Department, Minmetals securities Shenzhen Jintian Road Sales Department, Guoxin Securities Shanghai Beijing East Road business department and other hot money focused brokerage business department began to appear frequently in the list of exchange dragon list.

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< p > early August, the Shanghai free trade zone expected to rise. The stock price of Shanghai's material trade began to pull up sharply, and together with China trade logistics, Shanghai port group and Shanghai steel link, it became the first wave of free trade zone concept stocks.

Since July of this year, Shanghai's total volume of goods and trade has risen to a maximum of 354%, which is second only to Waigaoqiao in the free trade zone concept stocks.

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From P to August, hot money has entered Shanghai's goods and trade in large numbers and frequently.

Guotai Junan headquarters, Everbright Securities Hangzhou Qingchun Road Sales Department, CITIC Securities Shanghai Liyang Road Sales Department, Guoxin Securities Shenzhen peaceful nine road business department and many other private equity fund business departments have also appeared on the list of buyers and sellers for many times.

At the same time, there was a reversal of the same day.

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< p > public information shows that as of September 24th, Shanghai's goods and trade increased by 20% within 3 consecutive trading days. After the data, 3 days, Guotai Junan headquarters accumulated 32 million 851 thousand and 100 yuan, while the total amount of sales reached 65 million 786 thousand yuan.

There are also a large scale trading day, including the Sales Department of Shenyang Wanguo Shanghai Lujiazui Ring Road, CITIC Securities, Shanghai Liyang Road Sales Department, and many other brokerage business departments.

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< p > market participants believe that due to the lack of performance support, the concept of a free trade zone, the investigation and other multiple negative appearance, Shanghai property prices will be adjusted in the near future.

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< p > < strong > Black Swan probability > /strong > < /p >

< p > the Shanghai securities regulatory bureau has asked the company to rectify the above violations, and request the directors, supervisors and executives of Shanghai's material trade to seriously study the laws and regulations of securities in Shanghai.

At the same time, the Shanghai Securities Regulatory Commission requested the Shanghai material trade to submit a written report to the Shanghai securities regulatory bureau before November 15, 2013.

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Since the beginning of this year, regulators have intensified efforts to investigate violations of information disclosure by Listed Companies in P.

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< p > October 11th, at a regular press conference held by the SFC, a spokesman for the SFC said that after the issuance of the CSRC opinions on Further Strengthening the enforcement of inspection and enforcement, the number of illegal irregularities was continuously increased, and the number of investigations initiated by the CSRC increased significantly.

In September, 39 new cases were launched, 1.5 times the average of the first 8 months.

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< p > the legal profession said that in strengthening information disclosure regulation, it is only found that it can not solve the problem. We need to intensify the law enforcement efforts against information disclosure and other illegal acts, and further enhance the cost of breaking the law.

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