One Wave Is Not Yet Smooth Again. Bosideng Was Sentenced To Three Counts By Second Rounds Of Sniping Short Selling Reports.

03998-HK continued to be chased by the short selling agency, Bonitas Research, to catch more evidence of Boston's "fraud". Bosideng also issued a clarification announcement immediately, denying all accusations. By the news, Bosideng's stock price fluctuated sharply, and finally ended with a rise of 2%.

At about 11 in the morning of June 26th, bodeas launched a second round offensive against Bosideng and published second Bosideng short selling reports, reiterated the value of Bosideng shares to zero, and cited more archives of the State Administration for Industry and commerce, which proved that Gao Dekang, the controlling shareholder of the group, chairman and chief executive officer, paid 40 times as much as the conspiracy by the acquisition of "bang Bao" and "Jesse".

The three offences of the latest allegations are:

Bosideng lied about buying Bao Bao from an independent third party.

Bosideng lied that Mr. Zhou founded Jesse in 1998.

Bosideng lied about Jesse's income contribution after the acquisition.

Boli Da Faith said that the equity spanfer agreement showed that in May 13, 2013, Chou Mei and bought 17 million 510 thousand Yuan Yuan Bao Bao business. Bosideng claimed in July 8, 2016 that it would buy 715 million yuan to the independent third party. However, Zhou Mei and the Jesse spanaction in 2011 have become Bosideng related parties. Bosideng also did not explain why the executive director of the former Bosideng executive Kong sent 815 million shares, worth about 446 million yuan, as the price of the bond purchase, rather than paying excess to the undisclosed insiders.

In addition, Bosideng pointed out that Zhou Mei and Jesse founded in 1998. However, in fact, Zhou Mei and Jesse were only employees of the company since 2001. Only in 2008 did they get Jesse equity from the boss by 1 million 500 thousand yuan.

Bosideng immediately fabricated Jesse's income contribution after the acquisition. The annual report shows that Jesse's income contributed 169 million yuan in the 5 months after the acquisition, but only 5 days ago, Bosideng Shenzhen Jesse just submitted the application form in the name of "small business", and small businesses must have strict requirements, including annual income less than 50 million yuan.

Boalstas stepped forward, and Boston quickly issued a clarification notice at 15:09. He believed that Bonitas's so-called "refutation" in further reports continued to include misleading, biased, selective, inaccurate and incomplete statements, unwarranted allegations and irresponsible guesses. The company denies all the allegations in the report and will provide more information as appropriate at the appropriate time. In view of the potential damage to the company, the company is taking all necessary actions, including launching relevant legal proceedings.

Bosideng released its annual results at the end of March 2019 at noon, earning 10 billion 383 million 500 thousand yuan, an increase of 16.9% compared with the same period last year, gross profit margin increased by 6.7 percentage points to 53.1%, and the profit attributable to shareholders increased by 981 million 300 thousand yuan, up 59.4% over the same period last year.

According to segment performance, the profit of core business down clothing was 948 million yuan, an increase of 46.6% compared with the same period last year. The profit of OEM processing management was 147 million yuan, an increase of 47.1% compared with the same period last year. The number of women's clothing was nearly 150 million yuan, down 18.9% compared with the same period last year. The loss of diversified clothing expanded to nearly 109 million yuan (a slight loss of 7 million 400 thousand yuan in the same period last year). In addition, one of the reasons for the sharp rise in profits is that the impairment of goodwill and intangible assets has significantly reduced by 122 million yuan.

Influenced by positive and negative news, Bosideng's stock price fluctuated. At 11 a.m., boldas released second short selling reports, and Boston's share price rose from a sharp drop to a drop of 1.93 Hong Kong dollars at the 11:53 point, up to 3%. However, at noon, the opening price of the shares rose sharply to a daily high of 2.14 Hong Kong dollars, up to 7.5% at the 13:00 p.m., and the final closing price was HK $2.03, up from 2% Hong Kong dollars or HK $0.04 yesterday. Bosideng is the number of short selling shares of 8 million 380 thousand shares, significantly lower than the 26 million 338 thousand shares yesterday, and the short selling ratio also dropped from 11.1% to 6.5% today.

From the perspective of stock price performance, Bosideng is still on the top.