After two delays, Guangzhou Langqi (000523, SZ; yesterday’s closing price of 3.56 yuan) finally replied to the Shenzhen Stock Exchange’s concern letter on overdue debt and “loss” of inventory in the evening of October 30. < p > < p > it is worth noting that the reply has revealed a bigger “black hole” in Guangzhou Langqi’s trade business: the amount of inconsistent inventory increased to 800 million yuan, and the number of involved warehouses reached 6. < p > < p > although Guangzhou Langqi has not fully disclosed the specific names of its customers and suppliers of bulk trade business, there are still many anomalies found in the transaction counterparties involved in the overdue acceptance bill. < p > < p > < p > < p > < p > the daily economic news reporter found that among these counterparties, a total of 6 companies (2 suppliers and 4 customers) shared a contact phone number before September 29 this year, and some enterprises had the situation that the current or former shareholders, directors, supervisors and senior executives and addresses overlapped. Are these companies under the control of the same person? If so, how to explain the strange trade pattern of “buy and sell yourself”? < / P > < p > the strange “missing” event of Guangzhou Langqi inventory has been fermenting for nearly a month. According to the latest reply, the inventory of Guangzhou Langqi increased to 800 million yuan, and the number of warehouses involved reached 6. Due to the risk involved, Guangzhou Langqi made impairment on related inventory, receivables and prepayments, resulting in a huge loss of 1.055 billion yuan in the third quarter. It should be noted that the amount of loss in this quarter is about 17 times of the company’s net profit attributable to the parent company in 2019 (61.36 million yuan). < / P > < p > Where did the “black hole” of Langqi trade business start? So far, it’s very complicated. Due to criminal investigation, Guangzhou Langqi is more cautious in disclosing information, hiding the names of its suppliers, customers and warehouses. However, the daily economic news reporter found that the overdue acceptance bill between Guangzhou Langqi and its two suppliers, Jiangsu Baohua International Trade Co., Ltd. (hereinafter referred to as Baohua company) and Jiangsu MCC Chemical Co., Ltd. (hereinafter referred to as MCC), may reveal some clues about the explosion of the whole trade business. < p > < p > from 2018 to 2020, Guangzhou Langqi has long-term trade cooperation relationship with Baohua company and MCC. Due to the purchase of industrial raw materials from these two companies, several commercial acceptance bills have been issued to them. Due to the expiration of acceptance period, the debt has become overdue. < p > < p > in the reply, Guangzhou Langqi disclosed the trade content, amount and direct sales target of industrial raw materials of the unaccepted bills. Among them, the raw materials purchased from Baohua company are directly sold to Nantong Fuxin Chemical Co., Ltd. (hereinafter referred to as Nantong Fuxin) and Rudong Taibang Chemical Co., Ltd. (hereinafter referred to as Rudong Taibang); the raw materials purchased from MCC are directly sold to Nantong Fuxin, Nantong fuze Chemical Co., Ltd. (hereinafter referred to as Nantong fuze) and Nantong Xinqian Chemical Co., Ltd. (hereinafter referred to as Nantong fuze) Nantong Xinqian). < p > < p > the reporter inquired the national enterprise credit information publicity system and found that Baohua company, MCC company, suppliers of Guangzhou Langqi’s above-mentioned trade business, and customers Nantong Fuxin, Rudong Taibang, Nantong fuze and Nantong Xinqian, all of which “happened to” modify their enterprise contact numbers on September 29 this year. Although the revised telephone numbers are not the same, it is coincidentally that the phone calls of the six companies before the modification are “” and “” respectively. < / P > < p > it is worth mentioning that MCC and Baohua have a wide range of trade business, and they are also customers and suppliers of trade business of Dazhi Technology (300530, SZ; yesterday’s closing price was 37.9 yuan). Prior to that, for the same contact number of MCC and Baohua company, Dazhi technology was also inquired by Shenzhen Stock Exchange. < / P > < p > at that time, Dazhi technology’s reply was: “the two companies entrusted the relevant staff of China Real Estate Development Group Nantong Co., Ltd. to assist in filling in the industrial and commercial annual report information, and the remaining communication telephone number” was the office building of the company (i.e., the property held by China Real Estate Development Group Nantong Co., Ltd.) There is a certain probability that the same agent is entrusted to handle the industrial and commercial application. So, six companies “Qiaoyi” also entrust the same agent, and these six companies “Qiaoyi” also have the connection characteristics of upstream and downstream business. What is the probability of such a situation? < p > < p > in addition to the same contact number before, the reporter of daily economic news found that the current or former directors, supervisors and senior executives, shareholders and corporate addresses of some of the six companies overlap. First of all, look at Nantong Fuxin. From its establishment in December 2015 to June this year, the shareholders of Nantong Fuxin have been sang Zhiguo and Shen Jianjun. On June 10 this year, both of them withdrew from the list of shareholders of Nantong Fuxin. Coincidentally, MCC was established in October 2009, and its founding shareholders were also named “Sang Zhiguo” and “Shen Jianjun”. The two persons successively withdrew from the list of shareholders of MCC from July to August 2015. If the above-mentioned people with the same name are actually the same person, this may mean that after the withdrawal of MCC, sang Zhiguo and Shen Jianjun established Nantong Fuxin. < / P > < p > secondly, the current supervisor of Nantong Xinqian is also known as “sangzhiguo”. Is this the same person as “sangzhiguo”, the founding shareholder of MCC? In addition, from December 2011 to April 2014, Nantong Xinqian was registered as Tang Ming. Since the establishment of Baohua company in 2010, its legal representative is also known as “Tang Ming”. At the same time, Xinqian in Nantong is now located at No. 15, Shenjia lane, Chongchuan District, Nantong City, and the address of MCC and Baohua company was No. 15, Shenjia lane, Chongchuan District, Nantong City before the company’s correspondence address was revised on September 29 this year. < / P > < p > in addition to the coincidence of the above-mentioned two suppliers and four customers in terms of telephone number, personnel and address, the reporter of daily economic news also found that these companies and relevant personnel have close ties with Jiangsu Qiheng Agricultural Chemical Technology Co., Ltd. (hereinafter referred to as Qiheng agrochemical), a subsidiary of Guangzhou Longqi. In 2013, Guangzhou Langqi acquired 25% of Qiheng agricultural chemical from MCC. < / P > < p > the current legal representative of Qiheng agrochemical is Chen Huaguo, and the sole shareholder and person in charge of Nantong Xinqian from October 2017 to September 2020 are also called “Chen Huaguo”; the legal representative of Jiangsu Qiheng International Trade Co., Ltd., a wholly-owned subsidiary of Qiheng agrochemical, is also named Chen Guangmei; the current legal representative of Nantong Xinqian is also named as Chen Guangmei; Jiangsu Qiheng international is also named as Jiangsu Qiheng international The current supervisor of the Trading Co., Ltd. is named sang Hefu, and the current legal representative of Nantong Fuxin is also named “Sang Hefu”. < p > < p > < p > on November 2, the reporter of daily economic news contacted sang Zhiguo, Chen Huaguo and Tang Ming to try to understand the development and authenticity of the above companies’ business with Guangzhou Langqi. Sang Zhiguo said that he was only a “part-time worker” and did not know about the company’s deal with Langqi in Guangzhou; Chen Huaguo said that his original shareholder status in Xinqian, Nantong, was “nominal” and “neither the boss nor the business”; Tang Ming hung up the telephone number of the electric wire company after understanding the reporter’s intention, but none of them was answered. < / P > < p > according to the reply from Guangzhou Longqi, the company’s purchase amount from Baohua company from January 2018 to October 2019 is about 1.3 billion yuan, and that from January 2018 to January 2020 is about 800 million yuan. < / P > < p > in the upstream and downstream of Guangzhou Langqi’s trade business, the telephone numbers, personnel and addresses of suppliers and customers overlap. Are these companies under the control of the same person? If so, does this mean that in the upstream and downstream trading chain of “Baohua company – Guangzhou Langqi – Nantong Fuxin / Rudong Taibang”, the raw materials will enter the pocket of “the same family” after twice circulation? The chain of “MCC – Guangzhou Langqi – Nantong Fuxin / Nantong fuze / Nantong Xinqian” is the same. The trade pattern of “buy and sell by yourself” is confusing. Guangzhou Langqi said that the above-mentioned handling personnel involved in trade business with MCC and Baohua company had been transferred to the public security organs by the company, and the public security organs had filed a case for investigation. The personnel was also suspected of illegal duties and was investigated by Nansha District Supervision Committee of Guangzhou on October 13, 2020. The company will actively cooperate with relevant departments to investigate and verify the trade back involved in the above-mentioned commercial bills And trading intention. < / P > < p > it is worth mentioning that in addition to the business involving MCC and Baohua, the overlap between suppliers and customers is very common in Guangzhou Langqi’s whole trade business. In another reply, Guangzhou Langqi admitted that the company’s main suppliers of bulk trading business overlapped with customers from 2017 to 2019. In the reply letter, Guangzhou Langqi only pointed out one specific overlapping situation: in 2019, the first largest supplier and the third largest customer (no specific name was disclosed) were the same company, and the products purchased by the former were 95% glyphosate technical drug, styrene, mixed xylene, ethylene glycol and fatty alcohol, with a total amount of 1.071 billion yuan, and the products sold by the latter were toluene and pure benzene, with the total amount of money It is 621 million yuan. In this case, although the customer and supplier are the same company, they sell and purchase different goods. Is it possible to purchase and sell the same product when other customers are suppliers? < / P > < p > at present, Guangzhou Langqi has not explained the reason and rationality of the same trade business customers as suppliers. However, the reporter noted that at present, the accounting firm has identified Guangzhou Langqi trading business as a high-risk business, and the company also said that there are certain risks in the early trading business to be verified. At present, the case has involved criminal investigation and will be disclosed according to the progress of the investigation. < p > < p > < p > the reporter of daily economic news tried to interview Guangzhou Langqi on the rationality of overlapping information between customers and suppliers. Relevant interviewers said that the investigation results of relevant departments should prevail, and the company was not convenient to comment.