Three Squirrels Inc(300783) it’s happening again! The post-90s director was exposed to take 5.3 million bribes and was sentenced to three years for buying a BMW new house

Just after the “squint” storm, the “bribery door” incident came again

On the 16th, the snack giant Three Squirrels Inc(300783) was exposed that the post-90s operation director took bribes, amounting to more than 5.3 million yuan. In addition, another employee took bribes of more than 1.88 million yuan. Both of them were sentenced to three years’ imprisonment for committing the crime of taking bribes by non state workers.

the post-90s director took bribes of 5.3 million

buy a house and a car

The post-90s director accepted 5.3 million yuan in bribes within two years and used his illegal income to buy a BMW car and a 117 square meter house.

According to a judgment released by China judicial document network, Three Squirrels Inc(300783) Cheng ye, director of the operation Department of Jingdong flagship store, was sentenced to three years’ imprisonment for committing the crime of bribery by non-state staff.

According to the contents of the document, the defendant Cheng ye, born in 1991, is the director of the operation Department of Three Squirrels Inc(300783) Jingdong flagship store.

From December 2017 to December 2019, Cheng Yeli took advantage of his position to work with the defendants Cheng Haibing and Huang Hao or separately instructed the supplier to increase the supply price and ask for a rebate, totaling 5302377.7 yuan .

After the incident, the public security organ seized and sealed up the license sector purchased by the defendant Cheng ye with illegal income as Wan B ×××** A BMW car (purchase value: 268000 yuan) and a house located in Sanshan District, Wuhu City under the name of his wife Fang (house construction area: 117.17 square meters, total house price: 1141236 yuan) . Cheng Ye’s family withdrew 1178941.7 yuan of illegal income on his behalf.

Finally, Cheng Ye was sentenced to three years’ imprisonment and a fine of 400000 yuan for committing the crime of bribery of non state staff.

In addition, another Three Squirrels Inc(300783) employee, Zhang Xiaoxiang, was also sentenced to three years’ imprisonment on suspicion of taking bribes from non state staff.

The public prosecution alleged that between September 2016 and October 2020, the defendant Zhang Xiaoxiang took advantage of his position to illegally accept money from six business units such as Ningguo Chengnan printing factory, totaling 1885365.32 yuan , and provided assistance in daily business development.

In this regard, some netizens said: “a mouse in a squirrel coat”.

advertising vilification and moldy snacks

Three Squirrels Inc(300783) constant storm

Two months ago, on December 26, Three Squirrels Inc(300783) boarded the microblog hot search. Some netizens posted the product publicity poster of Three Squirrels Inc(300783) in October 2019. Due to the “squinting eyes” makeup of the model in the poster, some netizens believed that Three Squirrels Inc(300783) was deliberately vilifying the Chinese , which caused controversy on microblog.

In this regard, many netizens believe that the makeup of Three Squirrels Inc(300783) model is not a big problem and there is no need to go online. “There is no rule that models can’t be small eyes”, “makeup is just an aesthetic problem”.

At noon on December 26, Three Squirrels Inc(300783) official microblog responded that the models in the advertising page are Chinese, and their makeup is made based on their personal characteristics without deliberately vilifying . In response to netizens’ feedback that the model’s makeup did not meet the public’s aesthetics and caused discomfort, Three Squirrels Inc(300783) said it was deeply sorry and replaced the page at the first time.

The storm continues, followed by product quality.

After double 11 last year, several netizens posted microblogs saying that the Three Squirrels Inc(300783) snacks they bought had different degrees of mildew, deterioration and other problems .

According to the black cat complaint platform, up to now, the number of complaints about Three Squirrels Inc(300783) has reached 2016, most of the problems focus on moldy deterioration, insects, false shipment .

Earlier, Three Squirrels Inc(300783) was detected by the Shenzhen municipal consumer committee that the carcinogen exceeded . In November 2020, Three Squirrels Inc(300783) potato chips contained more than 2000 acrylamide, a class 2A carcinogen μ G / kg, while the benchmark level set by the EU is 750 μ g/kg。

In August 2017, the State Food and drug administration also released three batches of unqualified food, including Three Squirrels Inc(300783) pistachios, unqualified because mold exceeded .

market value has shrunk by 20 billion

is being abandoned by capital

Statistics show that Three Squirrels Inc(300783) was founded in 2012, with annual sales exceeding 10 billion in 2019. In the same year, it was successfully listed on the gem of Shenzhen Stock Exchange, becoming the “first share of Internet leisure snacks”.

At the initial stage of listing, Three Squirrels Inc(300783) share price soared all the way, from the issue price of 14.68 yuan / share to the highest share price of 91.09 yuan / share in less than a year, with a total market value of more than 36 billion yuan at the peak.

However, since June 2020, Three Squirrels Inc(300783) share price has continued to decline, once fell to 34.01 yuan / share in March 2021, and the market value evaporated by more than 20 billion yuan . As of today’s close, Three Squirrels Inc(300783) has a market value of 13.646 billion yuan.

Frequent product quality problems, weak performance growth and declining stock prices have led to the ruthless withdrawal of major shareholders in the “troubled times” of Three Squirrels Inc(300783) .

According to the third quarterly report of Three Squirrels Inc(300783) 2021, the second largest shareholder of the company and its persons acting in concert reduced their holdings by 0.52% respectively. According to the pre disclosure announcement of shareholders’ reduction issued by Three Squirrels Inc(300783) on September 30, 2021, the second largest shareholder of the company and its persons acting in concert will reduce the total shares of the company by no more than 24.06 million shares in the next six months, that is, no more than 6% of the total share capital of the company .

LT growth, the second largest circulating shareholder of today’s capital under Xu Xin’s helm, also made a reduction. From the end of the third quarter of 2020 to the end of the third quarter of 2021, it reduced its shares by about 2%, cashed out hundreds of millions, and there are further reduction plans .

The continuous reduction of shareholders’ holdings is interpreted by the market as that capital may have lost long-term confidence in Three Squirrels Inc(300783) future development

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