Outstanding Birds Performance "Change Face" Sponsor Save "Flicker" Stock Investors

< p > the world is < a target= "_blank" href= "http://www.91se91.com/" > dress < /a > a target= "_blank" href= "_blank".

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< p > every time when the performance is disclosed, there will always be a group of listed companies that are "changing their faces" and the sponsors' recommendation is not guaranteed. They are often listed as untrusted blacklists.

Recently, the precious birds revealed the 2013 annual report.

According to the annual report, last year, the sales income of the birds reached 2 billion 406 million yuan, down 15.74% compared to the same period last year, of which net profit was 423 million yuan, down 19.79% compared with the same period last year, and the sales and net profit were "double down".

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Less than 3 months after landing P shares, the first "pcript" submitted by the new owner of the new shares is somewhat overshadowed. It is worth noting that the sponsor of the A is the UBS Securities that has repeatedly staged the policy performance.

In this regard, the reporter has repeatedly contacted the Secretary of the board of directors of UBS Securities, but as of press time, the phone has not been connected.

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What is the responsibility of UBS, P? < strong > performance? < /strong > < /p >

< p > according to the press, UBS is the first wholly licensed securities company in China's stock market, which is directly invested by foreign direct investment < a href= "http://www.91se91.com/news/index_cj.asp" > shares "/a". Its sponsor underwriting is also a large number of companies that investors are very familiar with, such as CSCL, CNPC, Xinhua insurance, western mining and so on.

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< p > according to media reports, in 2010, UBS Securities, a capital operation expert, began to appear around Lin Tianfu, chairman of the company.

The "bird of honor" has been punished for stealing the Star Portrait by "unscrupulous". When the performance of the footwear industry is declining, it continues to tell the story of "open shop". Listing is locked as a shortcut to leapfrog development.

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Less than P, UBS Securities, which has always been rigorous, was once questioned by the outside world.

As a participant in the interest chain of new issue, UBS usually makes a hype about its sponsor company before the city, ignites the enthusiasm of investors; and after the listing, a large "face changing" financial statement always makes the two tier market investors suffer heavy losses.

This time, the authenticity and feasibility of the sponsorship project sponsored by UBS Securities, are there any exaggeration and concoction suspicion in the publicity of its prospectus advertising style? < /p >

< p > < strong > sponsor save "Huyou" shareholders suffer heavy losses < /strong > < /p >

< p > UBS was once rated as "the ten most unreliable sponsor" by a professional financial media. The reason is that the performance of its sponsor company has changed rapidly after its listing.

According to the reporter, in recent years, a number of companies that have been recommended by UBS are frequently performing "face change".

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< p > it is learnt that in 2011, UBS completed the three single IPO projects of BYD (002594, stock bar), huge group (601258, stock bar) and Xinhua Insurance (rest assured), which earned 310 million yuan in the sponsorship underwriting income, and the main underwriting income ranked ninth in the securities industry in 2011.

However, only three of the two listed companies in IPO had a "big change" after their listing.

According to media reports, in the first half of the year, the net profit of BYD and the giant group decreased by 88.62% and 36.19% respectively. In the first half of the year, the net profit fell by the bottom and the last third.

At that time, some institutional investors shouted: "boycott all UBS sponsorship projects."

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< p > in addition to the two BYD and giant groups, the most impressive investors are two western mining companies and China Petroleum, which are "a href=" http://www.91se91.com/news/index_s.asp "listed" /a "in 2007.

In addition, there are media reports that the worst companies recommended by UBS Securities should be CSCL for 5 years, with a 2 rise or 3 fall.

According to statistics, since the launch of CSCC in 2007, 3 of its 5 annual reports have dropped compared with the same period last year, and only two years' net profit has increased.

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< p > "the performance of listed companies has declined sharply in the first year, how sponsors sponsor, and what do the sponsor representatives do to eat?" some investors expressed angrily.

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< p > < strong > many research reports are off the mark, suspicious and missing sponsorship honesty < /strong > < /p >

< p > it is reported that UBS has always had a "radical style" in the research of listed companies, especially in the prediction of future performance.

Take BYD and giant group as an example, UBS Securities, in its investment value analysis report for the inquiry object, "boasted" about the business prospects of the sponsor project, and passed the "ridiculous" profit forecast index to the institutional investors; however, the reality was that the first financial results released after the two sponsors were listed on the market dropped sharply and changed quickly.

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< p > in addition, according to the reporter's understanding, in BYD's prospectus's "significant events statement" and the investment value analysis report of the inquiry road show, UBS Securities are vague about the risk, but talk about the compound profit growth rate of the next three years net profit can reach 16%.

However, from the current gloomy business situation of BYD, it seems that there is no sign of any improvement in performance. The company's prediction of the fall in the first three quarters of this year's 85~95% performance has also confirmed this again.

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< p > surface, < a href= "http://www.91se91.com/news/index_s.asp" > performance > /a > forecast serious deviation seems to be just the failure of the inquiry report, but in fact it has loomed the interest chain set up by UBS as a sponsor in the process of issuing and listing the company.

Statistics show that UBS Securities only received a huge amount of "Commission" income of 228 million yuan from the large group's single business, which is called "profiteering", which has forced investors to doubt the bottom line of the sponsor's integrity.

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