Extortion, embezzlement of huge assets, intimidation and threats to accountants, false accusations against listed companies… These amazing things were actually done by an executive of a listed company.
On March 24, Jilin Sino-Microelectronics Co.Ltd(600360) announced that Wang Yufeng, the former vice chairman of the board of directors, was suspected of several criminal crimes and had been filed for investigation by public security organs in many places. In the process of investigation, Wang Yufeng took various means to destroy the normal production and operation of the company, trying to retaliate against the informant and evade criminal responsibility. At present, the company’s production and operation are normal.
embezzle huge assets, intimidate and threaten accountants
Jilin Sino-Microelectronics Co.Ltd(600360) former vice chairman was put on file for investigation
On March 24, Jilin Sino-Microelectronics Co.Ltd(600360) issued a clarification announcement to formally clarify the recent market rumors on the Internet media platform that Jilin Sino-Microelectronics Co.Ltd(600360) controlling shareholders and actual controllers are involved in civil litigation and other information.
Jilin Sino-Microelectronics Co.Ltd(600360) said that Wang Yufeng, the former vice chairman of the company and the former legal representative of Shanghai Pengsheng, the controlling shareholder, was suspected of multiple criminal crimes. After being reported by Shanghai Pengsheng, Jilin Sino-Microelectronics Co.Ltd(600360) and chairman Xia Zengwen in their real names, Wang Yufeng has been filed for investigation by public security organs in many places.
However, in the process of investigation by the public security organ, Wang Yufeng took various means to destroy Jilin Sino-Microelectronics Co.Ltd(600360) normal production and operation, in an attempt to retaliate against the informant and evade criminal responsibility. The details are as follows:
1. Wang Yufeng filed a false civil lawsuit against Shanghai Pengsheng and Zeng Tao, the current legal representative of Shanghai Pengsheng, with the intention of interfering with and resisting the normal criminal investigation of the public security organ, and further committing the crime of embezzlement against Shanghai Pengsheng. During this period, he continued to extort money from Shanghai Pengsheng. The case was finally decided by the Shanghai First Intermediate People’s court, which rejected the appeals of Wang Yufeng and Chen Zufang and upheld the original judgment.
2. Wang Yufeng used Internet media to spread false information, maliciously confused investors, media and regulators, and placed Jilin Sino-Microelectronics Co.Ltd(600360) in the vortex of public opinion, which caused irreparable losses to the reputation of listed companies and other aspects.
3. In order to escape the crime of duty embezzlement, Wang Yufeng transferred and planted the embezzlement of Shanghai Pengsheng’s huge assets to the listed company, fabricated the financial fraud of the listed company, and constantly falsely accused and discredited the listed company to the regulatory authorities in order to deceive the regulatory authorities and create obstacles to the normal production and operation and future development of the listed company.
4. Since 2015, in addition to continuously planting and fabricating the facts of financial fraud of listed companies, Wang Yufeng has also constantly intimidated, threatened and harassed the previous and current independent directors, directors and Accountants of audit institutions of listed companies by means of text messages, letters and telephone, which has seriously damaged the normal operation and management order of listed companies.
In addition, the release of relevant false information has attracted much attention. The regulatory authorities inspected and interviewed Jilin Sino-Microelectronics Co.Ltd(600360) and sent letters such as regulatory measures and inquiry letters to Jilin Sino-Microelectronics Co.Ltd(600360) so that Jilin Sino-Microelectronics Co.Ltd(600360) was tired of responding to various letters and damaged the image of listed companies Jilin Sino-Microelectronics Co.Ltd(600360) pointed out that Wang Yufeng’s above-mentioned behaviors have caused irreparable huge losses and adverse effects to Jilin Sino-Microelectronics Co.Ltd(600360) .
Jilin Sino-Microelectronics Co.Ltd(600360) release statement:
company’s production and operation are normal
Jilin Sino-Microelectronics Co.Ltd(600360) said in the announcement that the company has been established for nearly 60 years, has been listed for more than 20 years and has thousands of employees. It has always been known for focusing on its main business, stable operation and strict management. It is a high-quality listed company committed to revitalizing the National Semiconductor Industry and deeply rooted in the black land of Jilin. In recent years, it has been falsely accused and slandered by Wang Yufeng by various illegal means Jilin Sino-Microelectronics Co.Ltd(600360) will never bow to such outlaws and will never let listed companies suffer.
Based on this, the Jilin Sino-Microelectronics Co.Ltd(600360) board of Directors hereby makes the following statement according to the relevant information and in the attitude of being responsible for the facts and laws, regulators and investors:
(I) Wang Yufeng served as the legal representative and chairman of Shanghai Pengsheng from June 2005 to November 2014 and Jilin Sino-Microelectronics Co.Ltd(600360) vice chairman from June 2006 to October 2014. Wang Yufeng resigned from all positions of Jilin Sino-Microelectronics Co.Ltd(600360) in October 2014 and Shanghai Pengsheng in November of the same year.
Wang Yufeng has been put on file for investigation by public security organs in many places because he is involved in many criminal crimes. It is understood and verified that Wang Yufeng directly committed or instructed employees to commit criminal acts such as embezzling the company’s assets and undermining the national economic order in order to obtain huge illegal benefits during the above tenure. The criminal acts and harm results involved many provinces and cities across the country.
At present, Jilin police have filed and investigated Wang Yufeng’s suspected crime of job occupation, and sent the notice of filing to Jilin Sino-Microelectronics Co.Ltd(600360) the people involved in Wang Yufeng and his gang. At the same time, Wang Yufeng and his gang were filed and investigated by the public security organs in Shanghai, Jiangxi and other places. Due to the huge amount of money involved in the case of Wang Yufeng and others, the public security organ has sealed up and frozen a large amount of Wang Yufeng’s property involved in the case according to law and taken compulsory measures such as restricting the exit of Wang Yufeng and others.
(II) in view of Wang Yufeng’s retaliation and slander against the listed company and chairman Xia Zengwen, Jilin Sino-Microelectronics Co.Ltd(600360) attitude is clear and firm, and will never compromise with criminal acts. We will continue to expose and report the criminal acts of Wang Yufeng and others by relying on the party and government, judicial organs and regulators.
(III) Jilin Sino-Microelectronics Co.Ltd(600360) while actively cooperating with the public security organ in the criminal investigation of Wang Yufeng, it will also actively cooperate with the normal supervision and correspondence work of the regulatory authority Jilin Sino-Microelectronics Co.Ltd(600360) in line with the principle of seeking truth from facts, objectivity and truth, we respond to the concerns of all parties and let all parties know the truth. We are eager to get the understanding and support of the competent authorities and regulatory agencies.
(IV) at present, Jilin Sino-Microelectronics Co.Ltd(600360) production and operation are normal, the market demand of the company’s products is strong, and the development momentum is good. In the future, Jilin Sino-Microelectronics Co.Ltd(600360) will continue to make efforts to do a good job in operation and management, enhance Jilin Sino-Microelectronics Co.Ltd(600360) ‘s market competitiveness and continuously improve the performance of listed companies.
Jilin Sino-Microelectronics Co.Ltd(600360) frequency receiving inquiry letter
In fact, a rumor in the market attracted regulatory attention last year. On December 3, the Shanghai Stock Exchange issued the supervision work letter on matters related to Jilin Sino-Microelectronics Co.Ltd(600360) letters and complaints to Jilin Sino-Microelectronics Co.Ltd(600360) on Jilin Sino-Microelectronics Co.Ltd(600360) letters and visits. Require the company to comprehensively verify the use of funds and the purchase of real estate since 2005, and explain whether there are relevant matters reported; At the same time, explain whether chairman Xia Zengwen and his related parties occupy the company’s funds, misappropriate the company’s assets, illegally guarantee, improper transaction and other situations that damage the interests of the listed company.
On January 18, the Shanghai Stock Exchange issued a supervision letter to Jilin Sino-Microelectronics Co.Ltd(600360) on the complaint that the chairman of Jilin Sino-Microelectronics Co.Ltd(600360) was suspected of using the company’s funds to buy real estate and renting it to a third party at a low price.
The announcement disclosed that after the company purchased the real estate from Huaxing Group, it continued to perform the lease contract signed between Huaxing Group and overseas Chinese hospital. The lease term was from February 28, 2003 to February 28, 2022, with an annual rent of 1.16 million yuan. The rent of overseas Chinese hospital is offset by the cost of building construction and decoration and the medical expenses of employees of Huaxing Group, of which the total medical expenses are RMB 1978 million. The Shanghai stock exchange requires it to fully disclose the specific arrangement and rationality of rent offset.
Jilin Sino-Microelectronics Co.Ltd(600360) did not respond to the above matters until February 15 Jilin Sino-Microelectronics Co.Ltd(600360) said that the company did not bring any economic losses to the company, let alone damage the interests of listed companies, in continuing the “housing lease contract” and the construction system to accept laid-off workers from state-owned enterprises.
due to liabilities of RMB 400 million not disclosed
Jilin Sino-Microelectronics Co.Ltd(600360) ordered to correct
In addition to the above problems, Jilin Sino-Microelectronics Co.Ltd(600360) was ordered to make corrections due to the disclosure of 400 million yuan of liabilities. On January 4, Jilin Sino-Microelectronics Co.Ltd(600360) announced that due to the violation of the letter phi, the company received the decision on ordering Jilin Sino-Microelectronics Co.Ltd(600360) to take corrective measures issued by Jilin regulatory bureau of CSRC.
It is understood that on March 12, 2020, Jilin Sino-Microelectronics Co.Ltd(600360) and China Zheshang Bank Co.Ltd(601916) Shenyang Branch signed the asset pool business cooperation agreement. From March 13 to 23, 2020, Jilin Sino-Microelectronics Co.Ltd(600360) deposited RMB 400 million into China Zheshang Bank Co.Ltd(601916) asset pool. Meanwhile, the accumulated capital principal was RMB 400 million, and the financing period was one year. However, Jilin Sino-Microelectronics Co.Ltd(600360) did not disclose the above liabilities in the 2020 annual report, resulting in an underestimation of liabilities of 400 million yuan. In addition, the limitation of monetary capital of RMB 400 million was not disclosed in the 2020 annual report.
In addition, Jilin Sino-Microelectronics Co.Ltd(600360) also has the behavior of inaccurate disclosure of financial data in regular reports, and failed to disclose the limitation of liabilities and monetary funds in time, resulting in inaccurate presentation of the amount of prepayments, short-term borrowings, total assets, net cash flow from investment activities, net cash flow from financing activities and other subjects in the 2020 annual report and the third quarter report of 2021.
For the above acts, Jilin securities regulatory bureau decided to take corrective measures, and gave regulatory warnings to Jilin Sino-Microelectronics Co.Ltd(600360) then chairman and Acting Secretary of the board of directors Xia Zengwen and then chief financial officer Wang Xiaolin. It is required to fully learn lessons, strengthen the study of relevant laws and regulations, improve the awareness of standardized operation, and do a good job in information disclosure.
In this regard, Jilin Sino-Microelectronics Co.Ltd(600360) said that the board of directors, management and relevant personnel of the company attach great importance to the problems raised in the ordered corrective measures and will effectively rectify them in accordance with the requirements of Jilin securities regulatory bureau. At the same time, this regulatory measure will not affect the normal production, operation and management activities of the company. The company will continue to earnestly perform the obligation of information disclosure in strict accordance with the provisions and requirements of relevant laws and regulations.
130000 shareholders quarreled
Some people said, “fish and shrimp are similar, and the advantage of public opinion can not offset the crime of non disclosure of 400 million yuan of liabilities.” “It’s rotten in the bones.” “The water was too deep and ran away.”
However, some people believe that “the previous rumors have now been clarified and are optimistic about the follow-up market of the company.” But the specific future performance remains to be seen.
By the end of the third quarter of last year, Jilin Sino-Microelectronics Co.Ltd(600360) had 127500 shareholders.
Jilin Sino-Microelectronics Co.Ltd(600360) last year’s net profit increased significantly
It is understood that Jilin Sino-Microelectronics Co.Ltd(600360) is mainly engaged in the design and development of power semiconductor devices, chip manufacturing, packaging testing, sales and other businesses. Adhering to the technology development strategy of combining production, R & D and reserve, the company continues to expand to the medium and high-end technology and application fields of power semiconductor devices.
In terms of stock price performance, affected by multiple factors such as industry and company fundamentals, Jilin Sino-Microelectronics Co.Ltd(600360) since December last year, the stock price has fallen nearly 30%. So far, the stock has reported 7.45 yuan, with a total market value of 7.154 billion yuan.
In terms of performance, the performance forecast was released on Jilin Sino-Microelectronics Co.Ltd(600360) 1 / 14. The company expects a net profit of about 105 million yuan to 119 million yuan in 2021, with a year-on-year increase of 207.18% ~ 246.67%. As for the reasons for the change of performance, Jilin Sino-Microelectronics Co.Ltd(600360) pointed out that during the reporting period of the impact of main business, the market demand was strong, the company optimized the product structure and customer structure, the sales revenue increased, the gross profit increased, and the net profit attributable to the shareholders of the listed company increased compared with the same period of the previous year.
Jilin Sino-Microelectronics Co.Ltd(600360) said that the current situation of epidemic prevention and control in Jilin is severe and complex. The company strictly implements various epidemic prevention policies and measures, scientifically commands and accurately prevents and controls, overcomes many difficulties, reasonably and orderly arranges production and operation, so as to ensure that the epidemic prevention production is correct, the machine operation is not stopped, and the normal production and operation of the company has not been significantly affected.
