On November 15th, the Shenzhen Stock Exchange announced that the listing of Great Wall shares will be terminated. The Great Wall of China is the first of a number of A-share listed companies that have delisted their shares for 20 consecutive trading days with a closing price of less than 1 yuan, but AB shares have also been delisted because of their face value. The delisting period will be 30 trading days. On the next trading day after the delisting period expires, the Shenzhen Stock Exchange willGreat Wall of ChinaA-share and B-share shares are delisted. As of October 30, * ST Shencheng A shares closed at 0.82 yuan.
At that time, the Great Wall of China borrowed the shell and won the approval of the CSRC. As the dust of backdoor listing settles, and the fundamentals of the company continue to be understood and recognized by the market, as the leader of "Belt and Road Initiative" in private construction enterprises, the Great Wall of China is expected to set sail with the help of the east wind of the capital market.
At the beginning of the backdoor listing, the Great Wall of China performed well but declined all the way from 2017 to 2018. The fundamentals of the Great Wall continued to deteriorate when the establishment of a subsidiary of the Great Wall in Xiongan New area was completed in 2018 and the concept of Xiongan was introduced. However, the good times will not last long until the 2018 annual report. During the reporting period, the company realized operating income of 2.427 billion yuan, a year-on-year decrease of 62.65% and a net loss of 1.705 billion yuan. While reaping huge losses, the Great Wall of China was changed to "* ST City" by the abbreviation of "wearing a hat" securities because the audit report of the 2018 annual report was issued by an accounting firm.
The Great Wall of China is really a sickly body. The company has also been exposed by the media this year that wages are in arrears. At that time, it was revealed by the self-media that the company owed 56 million of its employees' wages. On the 14th, the Great Wall of China issued a notice saying that it was not true that he owed 81.4158 million. Waiting for others to dig a hole is not as "real" as digging their own ground. This is the first time I have seen a bit of a show.
Continuously encountered huge performance losses, debt overdue, filing investigation, stock price "broken" and other multiple events at the same time, the company exposed financial fraud. The Great Wall of China announced that in 2017, through the termination of recognition of 232 million yuan of accounts receivable through false factoring of accounts receivable, it achieved the purpose of undercounting the provision for bad debts of accounts receivable, and falsely increased the current profits by nearly 36 million yuan. Lixin has issued an unqualified opinion report.
Although the Great Wall of China is facing delisting, shareholders are still reluctant to express their views on the condition of returning to the motherboard. Be reorganized 2. The company's economic conditions have improved for two consecutive years, and its performance has risen sharply. Shareholders who are dissatisfied with the company also say angrily that this is not a listed company but a hooligan.