In the case of Wei Wei, Blum Orientalâ€™s performance was â€œchanging its faceâ€ and it was not timely disclosed by the regulators. At the same time, another company that had just been listed on August 7 this year, NTU, announced that the first three quarters of its performance exceeded expectations. Today, NTU announced a revised performance forecast, the company's net profit in the first three quarters of the original expected decline of about 40% from last year was revised to a decrease of 51.02% to 53.53%.
According to the announcement, in the first three quarters of last year, NTUâ€™s net profit attributable to shareholders of listed companies was 159 million yuan, and the first three quarters of this year may fall to 74 million to 78 million yuan. Prior to this, the company had announced the first time on August 6 this year. The companyâ€™s net profit for the first three quarters of the company is expected to be approximately RMB 82 million to RMB 96 million in public listings and listing announcements on the GEM.
In response, NTUâ€™s explanation was that the forecasted operating conditions had a certain deviation from the macroeconomic situation and the industrial development trend. In 2012, the growth of MO source market demand was slower, market supply increased, and the price of products fell more than expected. This leads to a drop in net profit.
On August 7th this year, NTU Optoelectronics was listed on GEM. The data disclosed at that time showed that NTUâ€™s performance in the past three years maintained rapid growth. From 2009 to 2011, the net profit increased from 687.11 million yuan to 177.7425 million yuan, but this year In the first half of the year, net profit fell by 27.71% year-on-year.
According to the statistics, NTU is the only company in China with independent intellectual property rights (alloying) and realizes the industrialization of production of MO sources. It is also one of the four major producers in the world. With these beautiful identities, the companyâ€™s IPO is at RMB 66 per share. The price issued 12.57 million shares, which was the highest issue price this year.
NTU Optoelectronics is only one member of the performance of some newly-listed companies. On September 28th, BBL received the decision of the administrative supervision measures of the Ningbo Securities Regulatory Commission of the People's Republic of China on the issue of a warning letter to BLT. The decision and the "Decision on Adopting Warning Letters to Yang Weixin et al." listed the listed company and chairman Yang Weixin, the secretary of the board of directors Pan Hong, and the financial director Zhong Zhengyuan to take the regulatory measures for issuing warning signals.
According to the Ningbo Superintendent's Office, after the initial public offering of stock applications by the China Securities Regulatory Commission after approval by the China Securities Regulatory Commission, Blum Orient, the company's performance dropped sharply before the end of the issuance, and Blum Orient did not supervise and manage China Securities. The Committee stated in writing that it did not modify the prospectus or made a corresponding supplementary announcement. The above behavior violated the provisions of Article 14 of the â€œMeasures for the Administration of Information Disclosure of Listed Companiesâ€.
In addition, the China Securities Regulatory Commission issued a document on October 10, adopted a supervisory statement on another GEM â€œChange Face Kingâ€ Wei Wei shares and issued a warning letter. At the same time, its sponsor, Guotai Junan, was also issued a warning letter. Baodai also adopted the measure of â€œnot accepting its documents within 3 monthsâ€.
According to the data, Hao Wei's net profit reached 3.34911 million yuan in the first half of this year, a year-on-year drop of 94.21%, setting a record for individual stocks of GEM stocks to change. In fact, Wei Wei's net profit in the first quarter has already dropped by nearly 30% year-on-year. , But in the four months that Weiwei Co., Ltd. went to the market on May 11th on January 11th, the sponsor Guotai Junan concealed no change in its performance in the first quarter.
According to the investigation by the Securities Regulatory Commission, "in the process of the listing and issuance of Weiwei Co., Ltd., there will be significant declines in the sales revenue and net profit of Weiwei Co., Ltd. in the first quarter of 2012, which will have a significant impact on the annual results." Weiwei shares and related intermediary agencies did not truthfully stated in the letter of commitment to the Securities and Futures Commission concerning the post-conference post-major event, and Weiwei shares and sponsors, signing sponsor representatives did not make corresponding supplementary announcements in the process of offering shares. Or instructions."
"From the recent actions of the China Securities Regulatory Commission, companies that have not disclosed their performance in a timely manner have had their nodes surveyed and notified ahead of schedule, and their efforts have increased. It was only after the disclosure of the first annual report of a new listed company that it was possible to report criticism. Similar circumstances, but it is clear that the Securities and Futures Commission began to intervene early to investigate such situations. This shows whether the continuous growth of business performance is becoming an increasingly important threshold for corporate IPO. "A senior capital market source said.
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