Liu Xiaoqing's road to success is very simple, and others can't copy it: her father is Liu Dequn, the former chairman of Yiqiao Sea Cucumber.
The father and daughter once again attracted market attention after more than a year, but it was because of two announcements:
/kloc-at noon on 0/3, Chenxin Technology claimed that Liu Dequn, Liu Xiaoqing and others were criminally detained by the branch directly under Changzhou Public Security Bureau on suspicion of manipulating the securities market and insider trading!
/kloc-On the evening of 0/4, Chenxin Technology said that about 460 million shares (accounting for 32.3% of the company's total share capital) of Liu Dequn and Liu Xiaoqing had been frozen!
The father and daughter reduced their holdings by nearly1700 million yuan in two years.
On March 13, Chenxin Technology announced that it received a notice from Dalian Securities Regulatory Bureau on March 20 18 12 that the actual controller of the company, Liu Xiaoqing, the former chairman, and Lin Chunlin, the former senior manager, were criminally detained by the branch directly under Changzhou Public Security Bureau on suspicion of committing crimes, and the case is still to be investigated. In addition, Chenxin Technology has temporarily suspended trading since March 13 due to the proposed disclosure of major events.
On March 13 and March 14, I called Chenxin Technology and Changzhou Public Security Bureau several times, trying to inquire about the current progress of the matter and the reasons why the above-mentioned executives were detained in Changzhou, but as of press time (the evening of 14), no one answered the other party's phone.
According to the company's previous announcement, on 20 16 10/0, Liu Dequn submitted his resignation as chairman and general manager to the board of directors of Yiqiao Sea Cucumber "for personal reasons". Subsequently, 29-year-old Liu Xiaoqing took over as the chairman, and the general manager was handed over to someone else.
At that time, Liu Xiaoqing also became the youngest female chairman of A-share listed companies. In addition, Liu Xiaoqing held 88.56 million shares of the company at that time. Based on the closing price of Yiqiao Sea Cucumber on1October 10 of 9.23 yuan/share, the market value of Liu Xiaoqing's shareholding is about 820 million yuan.
According to the prospectus of Yiqiao Sea Cucumber when it went public in 20 10, Liu Xiaoqing was born in 1987. In March 2008, Liu Xiaoqing, aged 2/kloc-0, was elected as the director of Yiqiao Sea Cucumber. In addition, she also holds the position of sales manager within the company with a college degree.
With the listing of Yiqiao Sea Cucumber, in 20 10, Liu Dequn and his daughter Liu Xiaoqing were ranked 306th in Forbes China Rich List with a net worth of RMB 3.55 billion.
It is worth noting that, before Liu Xiaoqing took office, his father Liu Dequn and his concerted actions had reduced their holdings of the company's shares by1.1700 million shares through several large-scale transactions from August to September in 20 16, accounting for 12.32% of the total shares, and the total market value of the reduced shares was about 940 million yuan.
Since 20 15, Liu dequn has started the road of reducing his holdings. According to incomplete statistics, in 20 15 years and 20 16 years, Liu Dequn reduced his holdings in the secondary market for 8 times, and * * * reduced his holdings by1400 million shares, totaling1496 million yuan.
In addition, in 20 16 years1month, 20 16 months1February, Liu Xiaoqing, who just became the chairman of Yiqiao Co., Ltd., also reduced his holdings for four times, with a total reduction of 22140,000 shares. As a result, the father and daughter cashed out about1700 million yuan in two years.
According to the latest announcement of Chenxin Technology 14, up to now, Liu Dequn * * * holds 25.28% of the company's shares, and Liu Xiaoqing * * * holds 6.98% of the company's shares, and all the company's shares held by father and daughter have been frozen.
Then, is the Liu's father and daughter suspected of insider trading related to the previous cashing?
In this regard, Shen Meng, executive director of chansons Capital, told national business daily (micro-signal: nbdnews) that in general, listed companies are involved in market manipulation and insider trading, mainly because executives trade in advance through insider information or deliberately conceal some information that may have a significant impact.
Business transformation of the company: from sea cucumber to games
Coincidentally, on the eve of the detention of Chenxin Technology related personnel, its helm also changed. On March 20 18 12, Feng Wenjie was announced as the chairman of Chenxin Technology, and Liu Xiaoqing stepped down.
The relationship between Feng Wenjie and Chenxin Technology can be traced back to 20 16 years. In the second half of 20 16, the "wish" of the transformation of Yiqiao sea cucumber, which experienced the "collapse" of reorganization and the "shrinking" of cross-border pan-entertainment plan, was not changed, and some assets were valued at 990 million yuan to replace 55% of the equity of Haoxin Internet, while the appreciation rate of Haoxin Internet reached12870 due to the "light assets and high income" evaluation. After that, it formed a dual main business model of marine treasures breeding, breeding, processing, sales and mobile game distribution and operation, and the securities abbreviation was changed from "Yiqiao Sea Cucumber" to "Yiqiao Shares".
Feng Wenjie is the chairman of Haoxin Internet. At the same time when Liu Xiaoqing took over as the chairman of Yiqiao Sea Cucumber on October 20 16, the post of general manager of Yiqiao Sea Cucumber was changed to Feng Wenjie.
The transformation of Chenxin Technology opened the "incision" when it cut into Haoxin Internet. In October, 20 17 10, Yiqiao completed the sale of major assets and divested the related business of marine treasures.
Behind this move is the fatigue of the sea treasure business that the company is proud of, and more obvious signs of transformation.
Take cofferdam sea cucumber products with the largest revenue ratio 20 16 years ago as an example. The gross profit rate reached 86.46% in 20 10, but it has dropped to 27.54% in 20 16. At the same time, in 20 16, the company's game business accounted for 49.56% of the annual operating income, and the semi-annual report of 20 17 showed that the gross profit margin of Yiqiao's game business reached 89.07%.
After tasting the sweetness brought by the game business, at the end of 20 17, Yiqiao Co., Ltd. acquired 45% equity of Haoxin Internet held by Nanchang Jingxin for10.1300 million yuan, and took all equity of Haoxin Internet under its control.
The company changed its name four times in seven years.
Combing the transformation pace of Chenxin Technology, we can find that renaming is also the key word accompanying its transformation pace:
In 20 10, the company landed in A shares under the name of "Yiqiao Miaoye";
In 20 15/month, it was renamed "Yiqiao sea cucumber";
20 16 10, and because of the formation of "dual main businesses" of sea treasures and mobile games, the name was changed to "Yiqiao shares";
20 17 1 February1day, the company tried to change its name to "Chenxin Intelligent" and changed its name to "Chenxin Technology" again.
However, this frequent road of renaming, Chenxin Technology did not go smoothly. It was inquired by the regulatory authorities many times, and at the end of 20 17, it was "bumpy" when it wanted to change from Yiqiao to Chenxin Smart. Under the inquiry of the regulatory authorities, Yiqiao said that the word "smart" could not completely match the existing main business and decided to give up the renaming. And then, by changing it to "Chenxin Technology", the name of "Curve" was changed.
Jiang Han, a special researcher at Suning Financial Research Institute, said that the renaming of listed companies is generally divided into three situations: listed companies will be merged and reorganized as shell resources, business will undergo major adjustments, and "speculation" stock prices will cater to market hotspots.
As early as before the name change of Chenxin Technology, the wave of A-share name change was ushered in in 20 14 and 20 15 years. Duolun (600696, SH) was renamed as "Tippie" at that time, and Xiang Eqing (002306, SZ), the first food and beverage company, was renamed as "Zhongke Yunwang". The concept of renaming vicious speculation also rose at that time.
Subsequently, in response to the chaos of renaming speculation, the regulatory authorities promptly took control. On October 20th16th10th10th, the Shanghai Stock Exchange formulated the Business Guidelines for Listed Companies to Change Securities Abbreviations. In the same year 1 1 month, the Shenzhen Stock Exchange also issued the Memorandum of Change of Company Name to restrict the renaming of listed companies.
In addition to frequent renaming, in the opening year of 20 18, Chenxin Technology also rose sharply due to the "halo" of blockchain concept. 20 18 1 9, its announcement said that stock trading fluctuated abnormally, which was related to the basic service of blockchain e-sports acceleration recently launched by Haoxin Internet-Haoxin Jingdou Cloud. In addition, it will launch a virtual pet development community game Poly Pony Baolima based on blockchain.
However, at that time, the relevant staff also responded to the reporter that "the company is not a regional fast chain concept stock." On 1 8, Yanqiao shares answered investors on the interactive platform of Shenzhen Stock Exchange, "Does the company have a business similar to Bitcoin?" When asking questions, the secretary-general of Yanqiao Co., Ltd. said that the company's Xin Xin Jing Dou Yun blockchain game can't dig coins, and the company has no business similar to Bitcoin.
Now, Liu Xiaoqing's father and daughter will definitely not have the pleasure of cashing out, and what awaits them will also be a legal trial.