The board of directors is divided! The quarterly report is not true? Just been booed by the exchange, this big bull stock is exploding again

On October 28, Henan diamond released its third quarterly report. According to the third quarter report, the company’s loss in the first three quarters has reached 481 million yuan. At the same time, two directors of the company directly jumped out to “slap in the face” and said that they could not guarantee the content of the quarterly report. On the evening of the third quarter, Yu diamond disclosed the third quarter report. The company lost 124 million yuan in the third quarter, and the accumulated loss in the first three quarters has reached 481 million yuan. According to the documents of the board meeting, on October 27, before the disclosure of the third quarter report, the company called nine directors to hold a board meeting, among which directors Wang Daping and Liu Miao voted against the third quarter report. For the reasons of objection, both sides said that they could not express their opinions on the occupation of non recurrent funds. < p > < p > the two directors said in the note that there was an ambiguity in the statement that there was no controlling shareholder or related party occupying the non operating funds of the listed company during the reporting period. No explanation was given in the reply to the Shenzhen Stock Exchange on October 27. People in the industry believe that it is very rare for directors to directly “slap” the company, and in most cases, it is questioned by independent directors. However, the three independent directors of Yu diamond did not give any explanation on the fund occupation proposed by the two directors. < p > < p > Wang Daping and Liu Miao served as directors of the company in May 2019 and January 2019 respectively. According to his resume, Wang Daping has successively served as senior manager of Asset Management Department of Minsheng Securities Co., Ltd., deputy general manager of Henan small and Medium-sized Enterprise Investment Guarantee Co., Ltd., and is now a director of Henan small and Medium-sized Enterprise Investment Guarantee Co., Ltd., a director of Henan sailing capital management Co., Ltd., a director of Henan agricultural development supply chain Co., Ltd., and a director of Shenzhen Agricultural Investment Development Co., Ltd. Since 2013, Liu Miao has successively served as the director and deputy general manager, director and general manager and chairman of Zhengzhou Lianchuang Rongjiu small loan Co., Ltd., and is now the deputy general manager of Henan Agricultural Investment Financial Holding Co., Ltd., the chairman of Henan Agricultural Investment Financial Service Co., Ltd., and the chairman of Zhengzhou Lianchuang Rongjiu small loan Co., Ltd. In the note issued by director Liu Miao, she was quite “aggrieved and helpless”. She said that on October 23, she submitted the letter on timely reply to inquiry matters to the company, but did not get a reply. In the third quarter report, the company said that by the end of the reporting period, the company had involved in 64 litigation / arbitration cases, with a total amount of about 4.797 billion yuan. Among them, 60 cases involving the company and its holding subsidiary as defendants, with a case amount of about 4.566 billion yuan; and 4 cases involving the company and its holding subsidiary as the plaintiff, with the case amount of about 230 million yuan. < p > < p > in fact, for the annual report of the company in 2019, the audit institution has issued qualified opinions, which specifically involves five aspects, including guarantee and litigation matters, account offset and asset impairment, related party and related party transactions, significant uncertainty of going concern ability, and filing and investigation by CSRC. < p > < p > despite the company’s numerous lawsuits and chaos, it is surprising that the stock price has risen by more than 270% since its launch on August 21, which is known as another demon stock after Tianshan biological. Due to the company’s stock price on September 7 and September 8 for two consecutive trading days, the cumulative deviation value of the closing price of the stock exceeded 30%, which reached the abnormal fluctuation standard. The trading of Henan diamond was suspended since the opening of the market on September 9. < p > < p > in view of the catalyst that may cause market speculation, Yu diamond pointed out after verification that the company is concerned about the market rumor that the company involves the concept of the third generation semiconductor. The company has no business related to the third generation semiconductor, nor has it contributed income and profit due to the third generation semiconductor materials. After inquiry with the controlling shareholder and actual controller, the company’s controlling shareholder and actual controller do not have any major matters that should be disclosed but not disclosed by the company, and there are no undisclosed major events related to the company in the planning stage. In recent years, the company has been highly qualified by the major shareholders Risk transmission, such as mortgage ratio, debt crisis, etc., the company is involved in a number of litigation matters, resulting in the freezing and sealing up of funds, land and foreign investment equity, which has a certain impact on the company’s liquidity and market reputation, and the company is still in production and operation. This does not affect the enthusiasm of speculative funds in the secondary market. On September 22, after the resumption of the trading of Yu diamond, its stock price rose by a large amount for two consecutive trading days. After four trading days of decline, its share price reached a new high of 8.67 yuan / share in the next 10 trading days. < p > < p > after breaking away from the fundamentals, Yu diamond has attracted the attention of the regulatory authorities. In April this year, Yu diamond was investigated by the CSRC for suspected illegal information disclosure. At the same time, Yu diamond has received 8 letters of concern and 2 letters of inquiry on periodic reports since this year. But the company only responded to three letters. On the evening of October 27, Shenzhen Stock Exchange issued a letter of concern to yudiamond, requiring the company to reply to the “inquiry letter of gem semi annual report [2020] No. 13” and “gem concern letter [2020] No. 435” issued by Shenzhen Stock Exchange to the company on September 1 and September 14 respectively. Shenzhen stock exchange requires the company to state whether there are feasible solutions to relevant issues before November 2, 2020, which can be solved within one month, and disclose the opinions of the board of directors. At the same time, if the company fails to reply to the letter on November 27 or the relevant situation has not been eliminated, the Shenzhen Stock Exchange will implement other risk warnings and relevant suspension and resumption of trading of the company’s shares, and implement regulatory measures or disciplinary actions against the company and members of the board of directors. < / P > < p > Disclaimer: the purpose of this article reprinted by china.com finance and economics is to convey more information and does not represent the views and positions of the website. The content of this paper is for reference only and does not constitute investment advice. Investors operate accordingly and bear their own risks. 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