On the evening of April 10, “the first share of ham” Jinzi Ham Co.Ltd(002515) announced that the CSRC decided to file a case against the company in accordance with relevant laws and regulations due to suspected illegal information disclosure.
As soon as the news came out, Jinzi Ham Co.Ltd(002515) Guba immediately fried the pot. Just last month, the company was warned by Zhejiang securities regulatory bureau for illegal information disclosure and received a supervision letter from Shenzhen Stock Exchange. Recently, the relevant executives of the company also took the initiative to resign.
Source: company announcement
suspected of violation of laws and regulations and filed
According to the announcement, Jinzi Ham Co.Ltd(002515) received the notice of filing a case from the CSRC on April 8. Due to suspected illegal information disclosure, the CSRC decided to file a case against the company in accordance with the securities law of the people’s Republic of China, the administrative punishment law of the people’s Republic of China and other laws and regulations.
Jinzi Ham Co.Ltd(002515) said that during the investigation, the company will actively cooperate with the investigation and fulfill the obligation of information disclosure in strict accordance with the regulations.
On April 8, Jinzi Ham Co.Ltd(002515) also announced that the board of directors of the company recently received a written resignation report from Wang Qihui, vice president of the company. Wang Qihui resigned as vice president of the company for personal reasons and will no longer hold any position in the company. Just last month, Wang Qihui, the Secretary of the board of directors of Jinzi Ham Co.Ltd(002515) timely, and others received the warning letter issued by Zhejiang Securities Regulatory Bureau due to the non timely disclosure of major losses and other violations in futures trading.
Shenzhen Stock Exchange has just issued a supervision letter
According to public information, Jinzi Ham Co.Ltd(002515) main business is the R & D, production and sales of fermented meat products such as Jinhua ham and ham products and all kinds of low-temperature meat products. It is the first listed company of A-share ham products, known as “the first share of ham”. The latest data show that the number of shareholders of the company is about 48900.
Back in September last year, due to the continuous decline of pig prices, a futures trader of the company closed his position without authorization and lost more than 55 million yuan. According to the assessment method, the trader was persuaded by the company to withdraw and bear all losses. However, the company has not disclosed the relevant information in time. Under the questioning of Shenzhen Stock Exchange, relevant details finally surfaced. What attracted market attention was that the trader collected a huge compensation of more than half a billion in two days, which came from his own and self raised funds and his father-in-law Shi xiongbiao. It is worth noting that Shi xiongbiao is also a natural person shareholder of Jinzi Ham Co.Ltd(002515) holding 3.45% shares, and also the brother of Shi Yanjun, President and former chairman of Jinzi Ham Co.Ltd(002515) company.
On March 30, Jinzi Ham Co.Ltd(002515) received the supervision letter from Shenzhen Stock Exchange. According to the supervision letter, when the company carried out the hedging business of pig futures in September last year, it failed to fulfill the deliberation procedures and temporary disclosure obligations on the margin invested in the futures account, and disclosed the major losses of futures trading and the receipt of large compensation as late as January 27, 2022, and corrected the accounting errors in the third quarterly report of the company in 2021, in violation of the relevant provisions of the stock listing rules of Shenzhen Stock Exchange.
Source: company announcement
company and relevant personnel are warned
On March 9, Jinzi Ham Co.Ltd(002515) also received the decision on administrative supervision measures from Zhejiang securities regulatory bureau. The decision pointed out that Jinzi Ham Co.Ltd(002515) futures trading suffered heavy losses and did not disclose them in time after receiving large employee compensation. The relevant accounting treatment was not standardized, resulting in inaccurate disclosure of the third quarterly report. At the same time, the excess margin did not fulfill the review and disclosure procedures. The risk control system of the company’s futures business has some defects, such as lack of effective supervision over the account, inadequate operation authorization management and so on.
Because the above-mentioned acts violated the relevant provisions of the measures for the administration of information disclosure of listed companies, Zhejiang securities regulatory bureau decided to take the supervision and management measures of issuing warning letters against Jinzi Ham Co.Ltd(002515) , Shi Yanjun, then chairman of the board of directors, Wu Yuexiao, President and chief financial officer, and Wang Qihui, Secretary of the board of directors, and record them in the integrity archives of the securities and futures market.
Source: company announcement
In the secondary market, Jinzi Ham Co.Ltd(002515) share price has continued to decline since this year. As of the closing on April 9, Jinzi Ham Co.Ltd(002515) reported 4.73 yuan / share, with the latest total market value of 4.627 billion yuan.
