Just as Weiwei shares, Blum Oriental has not disclosed its warnings by the regulatory authorities due to its sharp "face change" in performance. Another GEM company, which was listed on August 7 this year, announced that its performance in the first three quarters fell more than expected. Today, Nanda Optoelectronics announced the revised performance forecast, the company's net profit for the first three quarters was revised down from the expected 40% year-on-year decline to 51.02% to 53.53%.
According to the announcement, in the first three quarters of last year, Nanda Optoelectronics' shareholder's net profit attributable to listed companies was 159 million yuan, and may fall to 74 million to 78 million yuan in the first three quarters of this year. Previously, the company disclosed in the “Announcement of Initial Public Offering and listing on GEM†announced on August 6 this year that the company's net profit for the first three quarters is expected to be about 82 million yuan to 96 million yuan.
In this regard, Nanda Optoelectronics explained that the predicted operating conditions at that time and the macroeconomic situation and industrial development trends have produced a certain deviation, and in 2012, MO source market demand growth is slow, market supply increased, product prices fell more than expected, This leads to a decline in net profit.
On August 7 this year, Nanda Optoelectronics was listed on the GEM. The data disclosed at that time showed that Nanda Optoelectronics maintained rapid growth in the past three years. From 2009 to 2011, net profit increased from RMB 6,871,100 to RMB 17,774,500, but net profit for the first half of this year fell by 27.71%.
According to the data, Nanda Optoelectronics is the only domestically owned intellectual property (alloy method) and realizes the industrialization of MO sources.
The production company is also one of the four major producers in the world. With these bright identities, the company's IPO issued 12.57 million shares at a price of 66 yuan per share, which was the highest issue price in the year.
Nanda Optoelectronics is only a member of the performance of some newly listed companies. On September 28th, Blum Oriental received the decision of the China Securities Regulatory Commission's Ningbo Regulatory Authority on Administrative Supervision Measures, which issued a warning letter to Blum Oriental Co., Ltd. The decision and the "Decision on the issuance of warning letters for three people including Yang Weixin", the listed company and chairman Yang Weixin, the board secretary Pan Hong, the financial director Zhong Zhengyuan took the warning measures issued by the warning letter.
According to the Ningbo Regulatory Bureau, Blum Oriental, which was listed on June 12, experienced a sharp decline in its performance after the initial public offering of shares was approved by the China Securities Regulatory Commission and before the end of the issuance. Blum Oriental did not supervise China Securities. The committee stated in writing that it has not revised the prospectus or made a corresponding supplementary announcement. The above acts violate the provisions of Article 14 of the Measures for the Administration of Information Disclosure of Listed Companies.
In addition, the Securities and Futures Commission issued a document on October 10 to take regulatory action on another GEM "Change Face King" Wei Wei shares and issue a warning letter. At the same time, its sponsor Guotai Junan was also issued a warning letter. Bao Dai also took measures to "not accept documents issued within 3 months."
The data shows that Weiwei's net profit in the first half of this year was 3,439,100 yuan, a year-on-year decrease of 94.21%, which was the highest in the performance of the GEM stocks. In fact, the net profit of Weiwei shares in the first quarter has dropped by nearly 30%. However, in the more than four months that Weiwei shares went public on January 11th and went public on May 11, the sponsor Guotai Junan did not report its changes in the first quarter.
After investigation, the China Securities Regulatory Commission held that "in the process of the issuance and listing of Weiwei, the first quarter of 2012, the sales revenue and net profit of the company have experienced a significant decline in the first quarter of 2012 and will have a significant impact on the annual results. Weiwei Shares and related intermediaries did not truthfully indicate in the letter of commitment submitted to the Securities Regulatory Commission about the major events after the Weiwei Shares Meeting. The Weiwei shares and sponsor institutions, the signature sponsor representatives did not make corresponding supplementary announcements during the IPO process. Or explanation."
"From the recent action of the China Securities Regulatory Commission, companies that have failed to disclose their performances in a timely manner have been in the process of investigating and reporting. The strength is increasing. It was only after the disclosure of the first annual report of the newly listed company that it was possible to report criticism. A similar situation, but apparently, the SFC began to intervene in the investigation of such situations in advance. This shows that the continued growth of performance is becoming an increasingly important threshold for corporate IPOs," said a seniors in the capital market.
According to the announcement, in the first three quarters of last year, Nanda Optoelectronics' shareholder's net profit attributable to listed companies was 159 million yuan, and may fall to 74 million to 78 million yuan in the first three quarters of this year. Previously, the company disclosed in the “Announcement of Initial Public Offering and listing on GEM†announced on August 6 this year that the company's net profit for the first three quarters is expected to be about 82 million yuan to 96 million yuan.
In this regard, Nanda Optoelectronics explained that the predicted operating conditions at that time and the macroeconomic situation and industrial development trends have produced a certain deviation, and in 2012, MO source market demand growth is slow, market supply increased, product prices fell more than expected, This leads to a decline in net profit.
On August 7 this year, Nanda Optoelectronics was listed on the GEM. The data disclosed at that time showed that Nanda Optoelectronics maintained rapid growth in the past three years. From 2009 to 2011, net profit increased from RMB 6,871,100 to RMB 17,774,500, but net profit for the first half of this year fell by 27.71%.
According to the data, Nanda Optoelectronics is the only domestically owned intellectual property (alloy method) and realizes the industrialization of MO sources.
The production company is also one of the four major producers in the world. With these bright identities, the company's IPO issued 12.57 million shares at a price of 66 yuan per share, which was the highest issue price in the year.
Nanda Optoelectronics is only a member of the performance of some newly listed companies. On September 28th, Blum Oriental received the decision of the China Securities Regulatory Commission's Ningbo Regulatory Authority on Administrative Supervision Measures, which issued a warning letter to Blum Oriental Co., Ltd. The decision and the "Decision on the issuance of warning letters for three people including Yang Weixin", the listed company and chairman Yang Weixin, the board secretary Pan Hong, the financial director Zhong Zhengyuan took the warning measures issued by the warning letter.
According to the Ningbo Regulatory Bureau, Blum Oriental, which was listed on June 12, experienced a sharp decline in its performance after the initial public offering of shares was approved by the China Securities Regulatory Commission and before the end of the issuance. Blum Oriental did not supervise China Securities. The committee stated in writing that it has not revised the prospectus or made a corresponding supplementary announcement. The above acts violate the provisions of Article 14 of the Measures for the Administration of Information Disclosure of Listed Companies.
In addition, the Securities and Futures Commission issued a document on October 10 to take regulatory action on another GEM "Change Face King" Wei Wei shares and issue a warning letter. At the same time, its sponsor Guotai Junan was also issued a warning letter. Bao Dai also took measures to "not accept documents issued within 3 months."
The data shows that Weiwei's net profit in the first half of this year was 3,439,100 yuan, a year-on-year decrease of 94.21%, which was the highest in the performance of the GEM stocks. In fact, the net profit of Weiwei shares in the first quarter has dropped by nearly 30%. However, in the more than four months that Weiwei shares went public on January 11th and went public on May 11, the sponsor Guotai Junan did not report its changes in the first quarter.
After investigation, the China Securities Regulatory Commission held that "in the process of the issuance and listing of Weiwei, the first quarter of 2012, the sales revenue and net profit of the company have experienced a significant decline in the first quarter of 2012 and will have a significant impact on the annual results. Weiwei Shares and related intermediaries did not truthfully indicate in the letter of commitment submitted to the Securities Regulatory Commission about the major events after the Weiwei Shares Meeting. The Weiwei shares and sponsor institutions, the signature sponsor representatives did not make corresponding supplementary announcements during the IPO process. Or explanation."
"From the recent action of the China Securities Regulatory Commission, companies that have failed to disclose their performances in a timely manner have been in the process of investigating and reporting. The strength is increasing. It was only after the disclosure of the first annual report of the newly listed company that it was possible to report criticism. A similar situation, but apparently, the SFC began to intervene in the investigation of such situations in advance. This shows that the continued growth of performance is becoming an increasingly important threshold for corporate IPOs," said a seniors in the capital market.
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