Supervision shot, another "niusan" planted!
On March 10, Beijing Securities Regulatory Bureau disclosed the [2022] No. 1 administrative punishment decision, which showed that the party fan Hui used 44 securities accounts actually controlled to trade " Guocheng Mining Co.Ltd(000688) ". In addition, after fan Hui's shareholding ratio exceeded 5%, he failed to fulfill the obligation of information disclosure. For more than a year, "niusan" fan Hui restricted the transfer through the account group, and the cumulative transaction amount during the transfer period was as high as 1.12 billion yuan. In view of the above situation, Beijing Securities Regulatory Bureau decided to impose a fine of 30.6 million yuan on fan Hui.
control 44 account transactions Guocheng Mining Co.Ltd(000688)
According to the punishment decision, according to the relevant provisions of the securities law of the people's Republic of China revised in 2005 (hereinafter referred to as the securities law of 2005), the case of fan Huichao holding shares without reporting and restricted period trading has been filed for investigation and trial.
It is found that fan Hui actually controlled and used 44 securities accounts (hereinafter referred to as account group) such as "Chen", "Wu" and "Xu" to trade " Guocheng Mining Co.Ltd(000688) " from February 7, 2018 to April 18, 2019. The account group transaction " Guocheng Mining Co.Ltd(000688) " is decided by fan Hui, and the transaction funds come from fan Hui's own and raised funds.
Beijing regulatory bureau pointed out that fan Huichao did not fulfill his obligation of information disclosure. Since February 7, 2018, fan Hui has controlled the continuous transaction of " Guocheng Mining Co.Ltd(000688) " using the account group. As of the closing on July 3, 2018, the account group had held a total of " Guocheng Mining Co.Ltd(000688) " 54786000 shares, accounting for 4.82% of the company's issued shares at that time.
On July 4, 2018, the account group continued to buy " Guocheng Mining Co.Ltd(000688) ", reaching 5% of the issued shares of the company for the first time. As of the closing, the account group has held 58084300 shares, accounting for 5.11% of the issued shares of the company. Fan Hui failed to fulfill the obligation of information disclosure in accordance with the law after his shareholding ratio exceeded 5%.
It is worth noting that 37 of the 44 securities accounts controlled by fan Hui are credit capital accounts. In addition to trading with investors' free funds, credit accounts can also borrow money and securities from securities companies, that is, add leverage to their own investment. This means that fan Hui may have used a lot of leveraged funds. The above 44 securities accounts are from more than 20 securities companies such as Galaxy Securities, Shenwan Hongyuan Group Co.Ltd(000166) securities, Founder Securities Co.Ltd(601901) and so on.
control account group accumulated transactions of 1.12 billion yuan
fan Hui fined 30.6 million yuan
It is understood that after fan Hui's holding of " Guocheng Mining Co.Ltd(000688) " reached 5% of the company's issued shares for the first time, the account group continued to trade " Guocheng Mining Co.Ltd(000688) ". Until April 18, 2019, the account group purchased 27.535 million shares through bidding, with a cumulative transaction amount of 316 million yuan; A total of 5.279 million shares were purchased in block transactions, with a total transaction amount of 58.7 million yuan; A total of 678166 million shares were sold through auction, with a total transaction amount of 813 million yuan; The transaction amount between accounts in the account group is 673251 million yuan.
Deducting the transaction amount between accounts in the account group, the cumulative transaction amount in the restricted transfer period of the account group is 1.12 billion yuan. During the restricted transfer period, the maximum proportion of " Guocheng Mining Co.Ltd(000688) " held by the account group is 6.2% of the issued shares of the company.
At the same time, the above illegal facts are proved by relevant securities account data, transaction data, situation description, inquiry records of relevant personnel and other evidence, which is sufficient to identify.
Beijing regulatory bureau said that fan Hui's above-mentioned acts violated the provisions of Article 86, paragraph 1 and Article 38 of the securities law of 2005, and constituted the illegal acts mentioned in Article 193, paragraph 2 and Article 204 of the securities law of 2005.
According to the facts, nature, circumstances and degree of social harm of the illegal act of the party concerned, and in accordance with the provisions of paragraph 2 of Article 193 and Article 204 of the securities law of 2005, it is decided to order fan Hui to make corrections, give a warning and impose a fine of Shanghai Pudong Development Bank Co.Ltd(600000) yuan; Fan Hui shall be ordered to make corrections, given a warning and fined 30 million yuan for his behavior of trading stocks within the restricted transfer period.
To sum up, fan Hui was ordered to correct the above violations, given a warning, and fined a total of 30.6 million yuan.
Guocheng Mining Co.Ltd(000688) last year's net profit increased by 41%
In fact, on the eve of fan Hui's control account group starting trading Guocheng Mining Co.Ltd(000688) , Guocheng Mining Co.Ltd(000688) (original Jianxin mining) just resumed trading limit due to the change of actual controller.
It is reported that due to the bankruptcy and reorganization of the controlling shareholder, the company's shares may be suspended since the opening of the market on September 6, 2017. Until February 7, 2018, Jianxin mining finally resumed trading, and fan Hui started the transaction at this time point. Perhaps this is one of the reasons to attract fan Hui. Subsequently, on June 29, 2018, "Jianxin mining" was officially renamed " Guocheng Mining Co.Ltd(000688) ".
In contrast to the stock price performance, during the more than one year of fan Hui's trading Guocheng Mining Co.Ltd(000688) , the stock price fluctuated upward, with a cumulative increase of 30%. Since this year, the stock has risen by 14%, with the latest total market value of 18 billion yuan.
The data shows that the main products of Guocheng Mining Co.Ltd(000688) are zinc concentrate, lead concentrate and silver concentrate, which are the raw materials for smelting metals in non-ferrous metal smelting enterprises.
On March 7, Guocheng Mining Co.Ltd(000688) disclosed the annual report of 2021, benefiting from the rising price of nonferrous metals in the non-ferrous industry. During the reporting period, Guocheng Mining Co.Ltd(000688) realized a net profit of 208 million yuan attributable to shareholders of listed companies, an increase of 41.03% year-on-year; The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses was 214 million yuan, with a year-on-year increase of 91.09%.
Guocheng Mining Co.Ltd(000688) pointed out in the annual report that the company's performance largely depends on the production and sales of main products, market prices and non-ferrous metal mining and dressing business costs, and the global economic prosperity, non-ferrous metal market supply and demand, non-ferrous metal production capacity and inventory and other factors have an impact on the company's operating performance.
