81 Times Of Cashing Over 700 Million, And The Actual Controller Of Burborough Dragon Was Suspected Of "Manipulating The Stock Price" And Was Put On File For Investigation

Recently, Guangdong baibaolong Co., Ltd. (hereinafter referred to as "baibaolong") announced that on November 4, 2020, the company received the notice from Chen Weixiong and Chen Nana, the controlling shareholders and actual controllers of the company, and received the "Notice of investigation" from the China Securities Regulatory Commission. As it was suspected of manipulating the company's share price, the CSRC decided to make a decision according to the relevant provisions of the securities law of the people's Republic of China To put it on file for investigation.

The whole family is crazy to cash out, and Chen Weixiong and Chen Nana, the real controllers of burbao dragon, have attracted the attention of the CSRC.

According to wind data, from March 2019 to September 2020, the Chen family of Baibao dragon has increased its holdings once and reduced them 81 times, with a total reduction of 57.3047 million shares and a reduction amount of 742 million yuan.

At present, Chen Weixiong and Chen Nana hold 38.12% of the company's shares. Compared with 73.16% of the total shares held by the two at the time of listing, their shareholding ratio has been reduced by nearly 50%.

In addition, Chen Weixiong's husband and wife have transferred their shares to other countries for many times.

On June 2, Chen Weixiong and Chen Nana, the controlling shareholders and actual controllers of the company, signed a share transfer agreement with Zheshang fortune (Beijing) Investment Fund Management Co., Ltd. - Zheshang investment hexu No. 1 private securities investment fund, transferring 26.9 million shares of the company, accounting for 5% of the total shares; On July 27, the company announced that its controlling shareholder intends to transfer its 5% share agreement to pinrun fof pinren phase 2 private securities investment fund, and the fund manager of pinrun phase 2 is Zhejiang pinrun Investment Management Co., Ltd. The total cash of the two transfers was 380 million yuan.

Founded in 2006, it is a clothing design listed company in the A-share textile and garment industry. Its business income comes from clothing design, organization production business and designer brand clothing sales, while its operating profit mainly comes from design business and organization production business.

Since its listing in 2015, its revenue has gradually increased from 607 million yuan at the time of listing to 1.050 billion yuan in 2018. At the same time, the company's attributable profit level has always been lower than 200 million yuan, almost stagnating. By 2019, the company's revenue and net profit will drop by 8.45% and 21.74% respectively, which is also the negative growth of revenue of * * since the listing of Bergeron.

Baibaolong is an enterprise jointly controlled by Chen Weixiong and Chen Nana. They are respectively the chairman and general manager of the company. In 2011, Chen Weixiong and his wife gave part of their shares to their fathers Chen Qiuming and Chen Changxiong equally and freely. After the listing of baibaolong, four members of Chen's two generations have become the top ten shareholders of the company.

In 2019, the company's revenue and net profit decreased by 8.45% and 21.74% respectively on a year-on-year basis. This is the year-on-year negative growth in revenue of * * since the listing of bergelong.

The net profit of bailongbao in the third quarter of 2020 was RMB 1.05 billion, which was RMB 1.05 billion in the third quarter of 2020, and the net profit was RMB 1.05 billion. Among them, in the third quarter, the operating revenue of the company reached 156 million yuan, a year-on-year decrease of 13.93%; the net profit was 26.2186 million yuan, a year-on-year decrease of 2.19%.

The increase in net profit was mainly due to the production and sales of new protective products (mainly protective masks and protective clothing), and the sales situation of protective products was good. Due to the strong demand for protective products in the market during the epidemic period, the sales gross profit of the products was much higher than the normal level.

At the beginning of this year, based on the design business, the business scope of babelong has increased the production and sales business of epidemic prevention products. On February 11, this year, the company invested and established Guangdong seagull Medical Equipment Co., Ltd., a joint venture company whose main business is the production and sales of medical devices. According to the half yearly report, the income from medical supplies has accounted for 27.27% of the total income of the company, second only to the income from organizational production.

However, as of November 6, the share price of burborough dragon has dropped by more than 30% compared with that since the company announced the layout of its anti epidemic medical device business in late February this year.

At the beginning of listing in 2015, however, the stock price performance of burborough dragon was still brilliant. After listing, the stock price rose from 23 yuan to 72 yuan in a short term, with the stock price increasing by 213%.

After the record high price was set in April 2016, the share price of burborough dragon began to decline gradually, and the lowest price was 23.54 yuan in 2018, which was 73.8% lower than the highest price.

In the second half of 2019, its share price began to fall again, and fell again to the previous close to ×.

In the first half of this year, due to the increase in the business of epidemic prevention products, the share price of babelong rose from RMB 7.73 on January 2 to the highest price of RMB 12.55 in March in the first half of this year. As of the date of release, the share price of babelong was 6.17 yuan.