"Up to doubt life"! What happened to the sudden suspension of 12 times bull stocks?

"Up to doubt life."

The trading of big demon stock Fujian Start Group Co.Ltd(600734) . Fujian Start Group Co.Ltd(600734) once again announced the suspension of trading for verification due to the large cumulative increase of the stock price in the recent period and the abnormal fluctuation of stock trading for many times during the period. It is worth noting that this is the fourth suspension since Fujian Start Group Co.Ltd(600734) 3 month.

Fujian Start Group Co.Ltd(600734) 5 rear connecting sector

re suspension verification

On April 25, Fujian Start Group Co.Ltd(600734) issued an announcement on the verification of stock trading suspension. The company's stock price has increased significantly recently, and it has touched abnormal fluctuations in stock trading for many times during this period.

From April 19, 2022 to the closing on April 25, 2022, the company's shares rose by the limit for five consecutive trading days, with a cumulative increase of 25.07%. In view of the recent large fluctuation of the company's share price, in order to safeguard the interests of investors, the company checked the fluctuation of stock trading.

Fujian Start Group Co.Ltd(600734) said that upon the application of the company, the trading of the company's shares was suspended from the opening of the market on April 26, 2022, and resumed after the disclosure of the verification announcement. The company reminds investors to pay attention to the trading risks in the secondary market.

Fujian Start Group Co.Ltd(600734) share price soared by more than 12 times

the fourth suspension verification since 3

It is worth noting that this is the fourth suspension verification since Fujian Start Group Co.Ltd(600734) 3 month. And the reason for the suspension is that "the cumulative increase of stock price is large, and the abnormal fluctuation of stock trading has been touched for many times during the period".

At present, Fujian Start Group Co.Ltd(600734) has been trading for 30 consecutive trading days, which can be called "the largest demon stock of a shares". For a long time, since February last year, Fujian Start Group Co.Ltd(600734) has risen by more than 1225% and the share price has soared by more than 12 times.

hot money on the list

Fujian Start Group Co.Ltd(600734) this wave after wave of surge has long been divorced from the fundamentals, but behind it are the promotion of retail investors and the game of hot money, and the well-known hot money such as Suzhou Gang looms.

According to the public trading information released on April 21, Fujian Start Group Co.Ltd(600734) due to the deviation of the closing price increase of St, ST and s Securities for three consecutive trading days, the securities with a cumulative deviation of 15% were listed on the dragon and tiger list. From the three-day trading data released by the dragon and tiger list, Suzhou gang and other well-known hot money are on the list. In addition, the "Lhasa Legion", known as the retail concentration camp, also made the list.

stock bar fryer: rising to doubt life

Affected by the news, the stock bar of Fujian Start Group Co.Ltd(600734) is fried. Some investors said, "it's green outside, Fujian Start Group Co.Ltd(600734) how so strong." "I'm so impressed. I've never seen such a dull ticket. I'll stop playing cards four times." "Up to doubt life, dare not buy."

By the end of the third quarter of last year, Fujian Start Group Co.Ltd(600734) had 33400 shareholders.

Fujian Start Group Co.Ltd(600734) own problems

may have the risk of delisting

On the news side, Fujian Start Group Co.Ltd(600734) the initial stock price change may benefit from the good news of Fujian SASAC's accession to the presidency. On February 23, Fujian Start Group Co.Ltd(600734) announced that the actual controller of the company was changed from the Management Committee of Zhengzhou airport port area to the state owned assets supervision and Administration Commission of Fujian Province. This equity change changed the controlling shareholder of Shida group into Fujian Shusheng investment partnership and the actual controller into the state owned assets supervision and Administration Commission of Fujian Provincial People's government. After this equity change, Fujian Shusheng directly held 545 million shares of Shida group, accounting for 25% of the total share capital, becoming the largest shareholder of Fujian Start Group Co.Ltd(600734) .

However, behind this news, there are many uncertainties. Recently, Fujian Start Group Co.Ltd(600734) issued a risk warning announcement, saying that the company's controlling shareholder Shusheng investment has no plan to inject Nebula big data and other assets into the company, and the company and its controlling shareholders have no plans, negotiations, intentions, agreements, etc. involving the injection of the above assets or related to these matters that should be disclosed but not disclosed.

At the same time, Fujian Start Group Co.Ltd(600734) itself has many problems, and the company may have the risk of terminating the listing. According to the relevant provisions of the stock listing rules of Shanghai Stock Exchange, if the company's audited 2021 annual report triggers one of the financial compulsory delisting indicators, the listing of the company's shares will be terminated.

Fujian Start Group Co.Ltd(600734) financial fraud for two consecutive years

19 directors, supervisors and senior executives punished

On April 8, Fujian Start Group Co.Ltd(600734) announced that the company had recently received the advance notice of administrative punishment issued by Fujian securities regulatory bureau. Previously, on December 9, 2021, Fujian Start Group Co.Ltd(600734) received the notice of investigation from the CSRC on suspicion of illegal information disclosure. After four months, Fujian Start Group Co.Ltd(600734) the ticket finally landed.

It is found that there are false records in Fujian Start Group Co.Ltd(600734) 2018 annual financial report. In 2018, Fujian Start Group Co.Ltd(600734) falsely increased the operating revenue by 1.25 billion yuan, accounting for 18.49% of the current operating revenue, falsely increased the operating cost by 1.248 billion yuan, underestimated the financial expenses by 1.9645 million yuan, and falsely increased the net profit by 3.2671 million yuan.

In 2019, Fujian Start Group Co.Ltd(600734) continued to conduct financial fraud through its subsidiary Shenzhen Xingfei. When the listed company conducted the impairment test on the recoverable value of the asset group involved in the goodwill impairment test project formed by the merger of Shenzhen Xingfei, when using the evaluation report of Northking Information Technology Co.Ltd(002987) ASI Asset Evaluation Office (hereinafter referred to as North ASI), it did not pay full attention to the problems of repeatedly adding bill discount interest and other problems in the evaluation report, resulting in the less provision of asset impairment of other assets in the asset group except goodwill of RMB 878856 million, Further, it falsely increased the net profit of 2019 by 878856 million yuan and the net assets of 2019 by 878856 million yuan, accounting for 18.77% of the absolute value of audited net assets at the end of the current period.

Finally, due to the false records in the annual financial reports of the company in 2018 and 2019, according to relevant regulations, Fujian securities regulatory bureau plans to give a warning to Fujian Start Group Co.Ltd(600734) and the 19 responsible persons of the then senior directors and supervisors, and impose a total fine of 12 million yuan.

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