This is because last night, brokers leaked a lightning protection report for 20 19 years, which caused panic selling in the whole stock market. A total of 200 listed companies were blacklisted by the brokerage firm, but it was justified. On the one hand, let us know enough about too many problems and shady situations of listed companies. On the other hand, let us uncover the chaos behind these listed companies together.
Let's take a look at the stocks:
1. Lianjian Optoelectronics: Financial fraud
2. Haizheng Pharmaceutical: Financial fraud
3. Great Northern Wilderness: Financial fraud
4. Huijie shares: insider trading by the chairman, which was publicly condemned by the regulatory authorities.
5. Jiayu shares: financial fraud, publicly condemned by the regulatory authorities.
6. Great wisdom: intertemporal adjustment of profits
7. Asia-Pacific industry: inflated income
8. Jiadian shares: financial fraud
9. Lifan shares: inflated profits, 85% pledged by major shareholders, loss of main business, 20 17 profit supported by changes in real estate value.
10. winning numbers Jewelry: Cross-industry M&A failed, with low gross profit.
1 1. Erkang Pharmaceutical: financial fraud
12. Fenghua Hi-Tech: Financial fraud, filing an investigation.
13. Three-dimensional silk: financial issues are tricky, and the annual report cannot express opinions.
14. Xinghui Entertainment: messing with mergers and acquisitions, inflating profits.
15. cosl: In 16, assets were greatly impaired, net profit plummeted11400 million, and cash flow continued to decline.
16. Shenhuo shares: 16 years of substantial asset impairment, net profit plummeted 10 billion.
17. Anyuan Coal Industry: In 16, assets were greatly impaired, and net profit plummeted by 2 billion.
18.st Yizhong: 16 suffered a significant asset impairment, and its net profit plummeted by 5.7 billion.
19. Zhengzhou Coal and Electricity: In 16, assets were greatly impaired, and net profit plummeted by 500 million.
20. Huarui Wind Power Co., Ltd.: Earnings were confirmed in advance, assets were greatly impaired in 16, and net profit plummeted by 2.4 billion.
2 1. Nastar: 16 years of cross-border mergers and acquisitions, with huge goodwill acquired every year.
22. Guangdong Media: The M&A target is fraudulent and bankrupt.
23. Xinri Hengli: Operating cash flow continues to be negative, mergers and acquisitions are unfavorable, and goodwill is greatly impaired.
24. Santai Holdings: The merger and acquisition is unfavorable, the goodwill is greatly impaired, and the cash flow continues to be negative.
25. Yibai Pharmaceutical: Should the virtual value of goodwill be reduced?
26. Lanshi Reloading: There are no high-quality assets, and the operating cash flow is very poor. It depends on financing to continue its life.
27. Ropkins: The production and sales of aluminum profiles have intensified competition in the industry. After eight years of listing, the main business has not increased, and non-net profit losses have been deducted for three consecutive years, and the operating cash flow has continued to be negative.
28. tianxiang environment: In recent years, the debt ratio has continued to rise, with high debt management, serious losses and serious cash flow shortage, and the controlling shareholder.
2. Non-operating funds are occupied, and due debts cannot be repaid.
29. Zhongying Interconnection: Goodwill accounts for over 60% of total assets.
30. Sky Shares: Goodwill accounts for over 60% of total assets.
3 1. bus online: Goodwill accounts for over 60% of total assets.
32. Gaosheng Holdings: Goodwill accounts for more than 60% of total assets, and all major shareholders pledge, with 2 billion pledged for debt repayment.
33. Tianshen Entertainment: The goodwill is 6.6 billion, accounting for over 60% of the total assets, and the cash flow is very poor.
34. Baihua Village: Goodwill accounts for over 60% of total assets.
35. Dilong Culture: Goodwill accounts for over 60% of total assets.
36. Tianrun Digital Entertainment: Goodwill accounts for over 60% of total assets.
37. Tian Xia Zhihui: Goodwill accounts for over 60% of total assets.
38. Agras: Goodwill accounts for over 60% of total assets.
39. Xingpu Medical: Goodwill accounts for over 60% of total assets.
40. Fuchun shares: Goodwill accounts for over 60% of total assets.
4 1. zhongchang data: goodwill accounts for over 60% of total assets.
42. Huatie shares: Goodwill accounts for over 60% of total assets.
43.st Zixue: Goodwill accounts for over 100% of net assets.
44. Kairuide: Goodwill accounts for over 100% of net assets.
45. Great Wall Animation: Goodwill accounts for over 100% of net assets.
46. Gome Communication: Goodwill accounts for over 100% of net assets.
47. Nanjing Xinbai: Goodwill accounts for over 100% of net assets.
48. Great Wall Film and Television: Goodwill accounts for over 100% of net assets.
49. Rendong Holdings: Goodwill accounts for over 100% of net assets.
50. Yuheng Pharmaceutical Co., Ltd.: Goodwill accounts for over 100% of net assets, with 3.6 billion impairment risk, and the controlling shareholder's pledge is short, accounting for half of the top ten shareholders.
3. Trust and R&D personnel decreased, while R&D capitalization rate increased.
5 1. Non-ferrous stone refining: the proportion of goodwill in net assets exceeds 100%.
52. Vignas: Goodwill accounts for over 100% of net assets.
53. Dongshan Precision: The goodwill is increasing and the profit is declining.
54. Changyuan Group: The goodwill is increasing and the profit is declining.
55. Huaneng International: The goodwill is increasing and the profit is declining.
56. Guanfu shares: the goodwill is increasing, the profits are declining, the usury is concealed, the interest is conveyed by related guarantees, and the cash is reduced by 900 million. In the fourth year of listing, the non-net profit is deducted for seven consecutive years, and the main business is transformation.
57. HNA Technology: Goodwill is increasing, and major shareholders have reduced their holdings by more than 5%.
58. Junsheng Electronics: Goodwill is increasing, and major shareholders have reduced their holdings by more than 5%.
59. Famous cities: goodwill is increasing, and major shareholders have reduced their holdings by more than 5%.
60. day boat culture: Goodwill is increasing, and major shareholders have reduced their holdings by more than 5%.
6 1. yongtai energy: Goodwill is increasing, and major shareholders have reduced their holdings by more than 5%.
62. Wan Liyang: Goodwill is increasing, and major shareholders have reduced their holdings by more than 5%.
63. Tianhai Defence: Goodwill is increasing, and major shareholders have reduced their holdings by more than 5%.
64.st Zhongan: Goodwill is increasing, and major shareholders have reduced their holdings by more than 5%.
65. Tongding Internet: Goodwill is increasing, and major shareholders have reduced their holdings by more than 5%.
66. Juli Rigging: Various reductions, declining performance.
67. Tianyu shares: European Medicines Agency（EMA） claims that the drugs produced contain carcinogens.
68. Bao Qianli: Financial fraud, cash flow has been negative.
69. Mo Long, Shandong Province: routine reduction, financial fraud, regulatory punishment
70. Reclaimed water fishery: M&A is tricky, with huge losses.
7 1. Sumeida: Main business losses, financial problems.
72. Huabei Pharmaceutical Co., Ltd.: The main business is losing money and the finance is tricky.
73. Changshan Pharmaceutical Co., Ltd.: Major shareholders reduce their holdings.
74. Sanju Environmental Protection: There is a financial problem and the operating cash flow is negative.
75. Xianhe Environmental Protection: Management confusion, Linfen environmental protection incident, 35 million acquisition of zero-income companies suspected of profit transfer.
76. Zhongzhou Holdings: Accounting changes, inflated profits, and all major shareholders pledged.
77. Zheng coal machine: accounting changes in 13 years, adjusting the proportion of accounts receivable provision, and inflating profits.
78. Hongda Mining: Trust Cluster
79. Zhonganxiao: Change the accrual ratio in advance, and reserve a large net profit for 16 years.
80. Angang Steel Co., Ltd.: Adjust the depreciation of fixed assets and increase profits by billions.
8 1. Baotou Steel Co., Ltd.: Adjust the depreciation of fixed assets, and increase profits by billions.
82. Dr. Peng: The performance growth was weak, the depreciation was greatly reduced, and the senior management collectively reduced their holdings within six months.
83. Whirlpool: Major accounting errors, frequent adjustments by senior management.
84. Dengyun shares: financial fraud, regulatory punishment
85. Hengshunzhong _: Financial fraud, huge amount, regulatory punishment
86. Storm Group: The company continues to lose blood and is extremely difficult to operate.
87. JAC: There is thunder.
88. Tianrun Digital Entertainment: The restructuring was tricky, and the progress was overdue and was notified by the regulatory authorities.
89. Dongshan Precision: It is closely related to the storm and has huge receivables.
90. Victory Precision: Cattle and cats had an early warning.
9 1. Lions Technology: The main business continued to decline, the trust loan defaulted, the performance was revised repeatedly, all the controlling shareholders were pledged, the controlling shareholders were insolvent, and the shares held were waiting for freezing;
92. Anzhong Co., Ltd.: Located in Liaoning, it inflated its income and reorganized in a flickering way.
93. Nanfang shares: Nanjing state-owned enterprises, export tax rebates, inflated profits.
94. Tianye shares: unable to audit, put on record for investigation, pledge breach, guarantee violation, loan dispute.
95. Zhongke Yunwang: revenue is confirmed in violation of regulations.
96. Taihua shares: Shanxi state-owned enterprises, fictitious trade, inflated income, annual losses.
97. Zhenlong specialty: abnormal inventory, third-party payment.
98. Busen shares: fictitious bank deposits, inflated assets.
99. Huachuang Yang 'an: False reduction of bank deposits and off-balance-sheet accounts.
100. Beidahuang: Yin-Yang contract, huge provision for inventory depreciation.
10 1. Kangxin New Materials: False reduction of owner's equity, related party transactions.
102. Hailianxun: Fictitious accounts receivable are recovered, and the major shareholder advances the capital.
103. New land: fictitious capital cycle, cash flow structure adjustment
104. Jiawo shares: financial fraud
105. Yabaite: Fictitious overseas customers, fictitious overseas capital circulation
106. xinzhongji: set up a shell company and fictitious purchase and sale business.
107. Wanjiang Logistics: Buyback of movable property, financing tray for bulk industries.
108. Pluto: average performance, shareholders reduced their holdings.
109. Lai Shi, Shanghai: Income declines, and high reputation loves stock trading.
1 10. Shapu Aisi: The product has no efficacy and has been widely questioned.
1 1 1. Shelley: Management is chaotic, pre-profit turns into loss, cash flow continues to be negative, and various mergers and acquisitions.
1 12. lake electric: the routine is greatly reduced.
1 13. to Iraq: financial chaos, the whereabouts of 20 million receivables become a mystery;
1 14. Taihe group: the pledge rate of major shareholders is 97%, and the operating cash flow is negative.
1 15. Songjiang, Tianjin: the major shareholder pledged 98% and the operating cash flow was negative.
1 16. Jinyi Culture: the major shareholder pledged 84%, with a serious decline in non-net profit, negative operating cash flow, high M&A, high goodwill and high debt.
1 17. Intercontinental oil and gas: indiscriminate mergers and acquisitions, indiscriminate investment, deduction of non-profit for five years.
1 18. Fushun special steel: inflated assets, put on record for investigation.
1 19. Shenwu environmental protection: inflated income
120. Shenwu energy saving: inflated income
12 1. Dunan environment: the reorganization failed, all the controlling shareholders were pledged, and the cash flow was poor.
122. Jiangnan chemical industry: the reorganization failed, all the controlling shareholders were pledged, and the cash flow was very poor.
123. Taihai nuclear power: connected transactions, inflated income.
124. Yihua, Hubei: continuous big losses.
125. Shuanghuan technology: continuous big losses
126. Zhangzidao: financial fraud
127. CLP Motor: the net profit declined, the family held shares in a centralized way, and it was continuously transferred, and the routine was reduced.
128. Xinhaiyi: Doing nothing, capital operation, and starting to lose money.
129. dongfang Guoxin: white horse shares on the growth enterprise market, but the major shareholders pledged 77% and 60%, and their performance began to decline.
130. Renfu Medicine: The target business of overseas huge acquisition declined seriously, the operating cash flow continued to be negative, and the goodwill assets were 6.5 billion.
4. Withdrawal is risky.
13 1. borui communication: the main business loses money, and the profit in 20 17 years is supported by the change of real estate value.
132. Yuexin Health: the main business loses money, and the profit in 20 17 is supported by the change of real estate value.
133. Galaxy Bio: 10 deducted the non-net profit loss, inflated the income ten years ago, concealed the related transactions, and lost the main business. The profit in 20 17 years was supported by the change of real estate value.
134. tiancheng holdings: deducting non-net profit losses in recent 6 years.
135. Longji shares: heavy assets and heavy cycles are greatly affected by policies.
136. Yili shares: inter-provincial pursuit, bad records, constant right and wrong.
137. Tang De film and television: actors step on thunder.
138. Ancai Hi-Tech: Continuous losses
139. Tongfang shares: continuous losses
140. kelan software: continuous losses
14 1. Aowei Communication: Continuous losses.
142. Jinpu Titanium Industry: Cross-border acquisition of non-performing assets at a high premium of 5.5 billion yuan.
143. Young eagle farming: serious fraud;
144. Ningbo Dongli: The contract fraud incident of the subsidiary caused a loss of 3 billion yuan.
145. Palm shares: the cash flow continues to be negative, and huge acquisitions are made.
146. Tian Xia Zhihui: the pledge of major shareholders broke the position.
147. Hongda Xingye: The pledge of major shareholders broke the position.
148. zotye automobile: 6.5 billion goodwill, business decline, unfulfilled performance commitments, risk of impairment of goodwill, and business development far below expectations.
149. Sihuan Bio: specialized households were reorganized in 25 years, and major shareholders were frequently changed, and all major shareholders were pledged.
150. Xinguang Yuancheng: fabricating 2.3 billion deduction of non-net profit.
15 1. Yazhen Home Furnishing: 16 went public at the end of the year. 18 saw its revenue decline in the first half of the year, and its net profit began to lose money, the first time in nearly eight years, with nearly 90% of its subsidiaries losing money.
152. Leo shares: business confusion, inflated income, insider trading by the chairman, 2.3 billion acquisition of WeChat WeChat official account, and operating cash flow continued to be negative.
153. Xingyuan environment: government business, continuous negative cash flow, high debt and high proportion pledge.
154. Contemporary Oriental: Continuous negative cash flow+high proportion pledge+serial mergers and acquisitions
155. Ganhua, Guangdong Province: It has been playing with shells for seven years, its main business has changed frequently, its net profit has continued and its operating cash flow has continued to be negative, and its payment has been slow.
5. The right to speak is very weak
156. Third Base Shares: Mergers and acquisitions form a large amount of goodwill.
157. Huayi Electric: the shareholders' trust is piled up, and the company's finance is tricky. 16 made a profit of 30 million in the first three quarters, 17 announced in April, and 16 made a loss of 47 million, and the company failed to make a performance change forecast in advance according to the regulations of the Shanghai Stock Exchange.
158. Dexin Jiaoyun: When the trusts got together, they changed their faces as soon as they went public, and their net profit fell sharply. The actual controller, Wenzhou Daxie Hu Chengzhong, was also the controller of Guangdong Ganhua, and reduced their holdings and cashed in.
159. pengqi technology: the company and the actual controller were involved in 68 loan disputes, and the specific reasons were not clear when the bank account was frozen. The real estate was sealed up, the guarantee was violated, the salary could not be paid, the shares were frozen, and the holdings were increased in a flickering manner.
160. Guanghui Energy: the goodwill exceeds 10 billion.
16 1. Weiming environmental protection: there is a problem, the gross profit is higher than the industry, and the accounting is sloppy.
162. Mei Yan Jixiang: there is no actual controller for a long time, and retail investors hold it. Dong Jiangao has set salary loopholes to hollow out listed companies 163. Luxiao Technology: in the new energy and photovoltaic industries, the target of mergers and acquisitions is too tricky. In the past two years, the operating cash flow has been negative, the debt ratio has risen, and both long-term and short-term loans have risen sharply. The company has/kloc-0 billion assets involving mortgage and pledge.
164. BGI: There is a business problem and there is no core technology.
165. CIMC: The business is diversified and unpredictable, and the valuation is discounted.
166. Hanye shares: 3.8 billion acquired WeChat WeChat official account.
167. shangying global: non-stop mergers and acquisitions, cash dividend is zero since listing in 1999, and non-net profit is deducted for continuous losses.
168. aotejia: the company was in chaos, bank accounts were frozen, company seals and corporate seals were forged, cross-industry mergers and acquisitions were large, financial affairs were tricky, and non-net profits began to decline.
169. Yinji Media: In the brand promotion and film and television industry, the major shareholder cashed in 2.4 billion yuan, and the pledge cashed in 10 billion yuan. At present, the shares were frozen by the judiciary (possibly intentionally, to avoid being exposed), and another major shareholder cashed in 10 billion yuan. The profits are all false, and the accounts receivable are constantly increasing, and the rent is too high for the major shareholder.
170. aofei entertainment: all kinds of mergers and acquisitions, large scale, out of control, high reputation, real controller cash 3.6 billion.
17 1. Two-faced needle: the main business is sluggish, diversification fails, and losses are repeated.
172. Deli shares: Non-net profit deduction continues to be negative, resulting in financial fraud in mergers and acquisitions.
173. Chinese online: collective reduction, deduction of non-net profit continues to be negative, and goodwill accrues risks.
174. zhongnan culture: illegal guarantee, illegal occupation of listed company funds by actual controllers, frequent mergers and acquisitions, bad performance, and withdrawal of goodwill.
6. The risk is high.
175. Tongda Power: The main business is sluggish, the net profit begins to lose money, and all kinds of shell sales fail.
176. huaye capital: the company system is not perfect, the risk control system is not perfect, but the transformation medical health has been hollowed out by two shareholders10 billion.
177. Orid: connected transactions, inflated income.
178. Zixin Pharmaceutical: continuous financial fraud
179. Dahua Intelligent: The M&A targets are all wonderful, the major shareholders have cashed in 3.8 billion yuan, the senior management has changed frequently, the operating cash flow has been negative, the accounts receivable and prepayments have increased over the years, and the external investment has been continuous. It is a standard fraud company.
180. century huatong: 7 1 100 million high reputation, the performance is driven by mergers and acquisitions, and the game business is affected by supervision.
18 1. Great Wall of China: The debt is overdue, and all major shareholders are pledged and frozen by the judiciary. The project in Cambodia is risky, and it is a fake project, and a large amount of advance payment flows to the related parties of major shareholders.
182. Jianrui Woneng: In 20 17, the huge loss was 3.73 billion, and the shares held by the controlling shareholder were frozen by the judiciary.
183. Kangmei Pharmaceutical Co., Ltd.: Involved in corruption cases for the fourth time, monetary funds were suspicious, inventory was suspicious, and all major shareholders pledged.
184. Beijing culture: When it was listed for 20 years to 20 years10, the non-cumulative loss was deducted10.72 billion yuan, and all kinds of regulatory capital operations were not doing business. Nearly one billion people bought shell companies, and the major shareholders cashed in nearly one billion.
185. Huayi Brothers: All kinds of capital operations convey benefits, with high goodwill, shareholder reduction and poor profitability.
186. Long Xing chemical industry: all major shareholders are pledged, and the controlling shareholders have cashed in more than 2 billion yuan, so they have no intention of main business and want to engage in capital operation.
187. animal husbandry in the west: outreach mergers and acquisitions, poor management of subsidiaries, continuous decline in profits since listing, 16 17 years 18 sustained losses in the first half of the year, poor enterprise management, and increasing current liabilities year by year.
188. Wang Zixincai: The business performance is declining, and I always want to cross-border mergers and acquisitions. I have tried to swallow the elephant.
189. Century Dingli: After listing, the performance has been declining, and the performance immediately plunged after the commitment period of M&A targets, and frequent cross-border mergers and acquisitions 190. Entrepreneurial dark horse: the controlling shareholder restricted sales, lifted the ban, reduced its holdings by a large proportion, and its net profit has been slowing down.
19 1. Xilong Science: Many cross-industry mergers and acquisitions have had little effect, the performance of the M&A target is very bleak, the senior management changes frequently, and the major shareholders are busy reducing their holdings and pledging a high proportion.
192. leike defense: every year, as a routine action, listed companies are acquiring, controlling shareholders are reducing their holdings, management is resigning, and the original main business is renamed and sold from time to time. 10 to 14 years, major shareholders reduced their holdings1900 million, while listed companies only made profits of 300 million, and the current cash flow is very poor, and the current goodwill.
193. dongxu blue sky: dongxu department, Bao' an real estate changed to photovoltaic, and its main business development is dim, and photovoltaic investment is easy to burn money, with poor cash flow, poor net profit and relatively high debt pressure, and all the controlling shareholders are pledged.
194. dongxu optoelectronics: dongxu department, with a high proportion of pledge by major shareholders and a goodwill of 2.8 billion.
195. Jia Linjie: Dongxu Department, with a high proportion of pledge by major shareholders.
196. Guangyuyuan: customers are shareholders, and major shareholders occupy and inflate their income.
197. Huawen Media: Since its listing in 1997, it has changed its name three times, changed its actual controller four times, and acquired at a high premium. As a result, the performance of M&A subsidiaries has changed. In 15, the goodwill reached 2.8 billion, and in 17, 700 million losses were accrued for the goodwill. The controlling shareholder's shares were passively reduced due to the judicial freeze. The Shenzhen Stock Exchange inquired, and the company replied in a flickering way.
198. galaxy electronics: set-top box, intelligent electromechanical and new energy automobile parts, the revenue and profit of the three major businesses decreased, the change of profit and cash flow was different, the fundraising project was changed, the performance of 900 million M&A was not up to standard, the goodwill was impaired, and the executives reduced their holdings.
199. clean environment: flue gas treatment, highly dependent on national policies, capital-intensive, and the company has little monetary funds. The operating cash flow begins to be negative and profits begin to decline.
200. Nanfeng shares: the actual controller of the company lost contact, and the shares held touched the risk of liquidation. The major shareholder family continuously cashed in1169 million, and the cash flow was extremely poor, resulting in a large loss after deducting non-net profit. The merger and acquisition formed a high goodwill of 947 million, which was very risky for impairment.
The stock market is like this. Risks and opportunities coexist. If you accidentally step on a mine and turn it into a black swan, investors should be careful and cherish it. Investment is risky, so be cautious when entering the market.