“The first share of ham” Jinzi Ham Co.Ltd(002515) ( Jinzi Ham Co.Ltd(002515) . SZ) was filed by the CSRC.
On April 10, Jinzi Ham Co.Ltd(002515) announced that the company had received the notice of filing a case from the China Securities Regulatory Commission. Due to suspected illegal information disclosure, the CSRC decided to file a case against the company according to relevant laws and regulations. “During the investigation, the company will actively cooperate with the investigation and fulfill the obligation of information disclosure in strict accordance with the regulations,” he said
executives received regulatory warnings
Earlier, on March 30, Jinzi Ham Co.Ltd(002515) had been warned by Zhejiang securities regulatory bureau for violation of information disclosure, and also received the supervision letter from Shenzhen Stock Exchange.
In the announcement of the supervision letter, the Shenzhen Stock Exchange questioned that in January 2021, Jinzi Ham Co.Ltd(002515) the board of directors considered and approved the proposal to carry out pig futures hedging business within the limit of 50 million yuan. In September 2021, Jinzi Ham Co.Ltd(002515) futures account invested a total of 70 million yuan, exceeding the above limit.
As of September 30, 2021, the futures account of Jinzi Ham Co.Ltd(002515) company had accumulated actual losses of 551053 million yuan, accounting for 92.92% of the net profit in 2020. From September 29 to 30, 2021, the company received 551053 million yuan of compensation from futures traders. The company failed to fulfill the review procedures and temporary disclosure obligations on the margin over invested in the futures account, and did not disclose the heavy losses and large compensation received from the above-mentioned futures trading until January 27, 2022, and corrected the accounting errors in the third quarterly report of Jinzi Ham Co.Ltd(002515) 2021.
The Shenzhen Stock Exchange said that Jinzi Ham Co.Ltd(002515) the above acts violated the regulations of the Shenzhen Stock Exchange. Finally, in only three days, the trader made up 551053 million yuan of compensation, which came from his own and self raised funds and his father-in-law Shi xiongbiao.
It is worth noting that Shi xiongbiao is a brother of Shi Yanjun, the former chairman and President of Jinzi Ham Co.Ltd(002515) company.
To sum up, the trader was called “local tyrant trader” by netizens, and Shi xiongbiao was also called “A-share good father-in-law”, which attracted the attention of all parties for a time.
In fact, Jinzi Ham Co.Ltd(002515) company and relevant personnel have already received regulatory warnings. On March 9, 2022, Jinzi Ham Co.Ltd(002515) announced that Shi Yanjun, the chairman of the board of directors, Wu Yuexiao, the president and chief financial officer, and Wang Qihui, the Secretary of the board of directors of the company, received the warning letter from Zhejiang Securities Regulatory Bureau in time. The reasons for violation include: major losses in futures trading and the company’s failure to disclose the large amount of employee compensation received; Accounting treatment is not standardized, resulting in inaccurate disclosure of the third quarterly report; The excess margin failed to fulfill the review and disclosure procedures.
Jinzi Ham Co.Ltd(002515) relevant executives have voluntarily resigned. On April 8, Jinzi Ham Co.Ltd(002515) announced that the board of directors 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. After resigning, he will no longer hold any position in the company. “Wang Qihui’s resignation will not affect the normal operation of the company.” Jinzi Ham Co.Ltd(002515) said.
market value evaporated nearly 2 billion yuan during the year
Jinzi Ham Co.Ltd(002515) was founded in November 1994 and headquartered in Jinhua, Zhejiang Province. Its main business is the production and sales of ham and meat products. Its main products are JINZI Jinhua ham, Bama fermented ham, JINZI sausage, JINZI pickled meat and other meat products.
In December 2010, Jinzi Ham Co.Ltd(002515) was listed on Shenzhen Stock Exchange. According to the data, in Jinzi Ham Co.Ltd(002515) 2021, the net profit attributable to the parent company was 428539 million yuan, a year-on-year decrease of 27.74%. From 2019 to 2021, the company’s revenue was 282 million yuan, 710 million yuan and 506 million yuan respectively.
As of the noon closing on April 11, Jinzi Ham Co.Ltd(002515) share price was 4.26 yuan / share, down 9.94%, with a market value of 4.168 billion yuan; Since the end of January 2022, Jinzi Ham Co.Ltd(002515) share price has shown a downward trend, with a market value of nearly 2 billion yuan compared with the historical peak of 6.11 yuan / share in the year.
On April 11, the reporter of the times contacted Jinzi Ham Co.Ltd(002515) , and sent an interview letter. As of the time of publication, he had not replied.
