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In 2011, Chen Yilong, who was the chairman of Kadi Electronics (the predecessor of *ST Kadi), once made a bold statement that Kadi Wanyi is not a dream. And draw a wonderful set of blue pictures of development for Kadi Electronics.
But now, the company has a large profit and serious financial problems; the stocks are in a row, and the stocks are hit by the limit on the 24th; employees are blocking doors and have to pay, which has led to shareholders having to move to hotels; some customers even copied tables in *ST Kaidi’s office and dropped Sugar daddychairManila escort, performing all martial arts… It can be said that the current *ST Kaidi is a patient, and it is difficult to get back.
What makes a biotechnical power generation company so unsuccessful?
Stock power is invigorating, and employees are inexpensive
*ST Kaidi’s problem has been around for a long time, but it really makes the masters verbally afraid that the employee’s shareholding “explosion” and the big shareholders are unsightly.
The company completed the employee shareholding plan through a trust plan on May 23, 2017. The company completed the employee shareholding plan through a trust plan. The lockdown was on schedule for 1Pinay escort for 2 months. Shanghai Pudong Development Bank’s Unlimited Ningbo Branch was the preferred victim, and *ST Kaidi was the ordinary victim.
According to the agreement, within one month before the lock expires on time, the supplementary power operator Yangguang Kaidi New Dynamics Group Co., Ltd. shall implement the supplementary power based on its valuation.
On April 23, 2018, Yunnan Trust came to ask for the supplementary man Yang Guang Kaidi to add 15 million yuan to strengthen the trust funds before 10:30 on April 26, 2018. If not supplemented, the employee shareholding plan will automatically lose its share as an ordinary victim, which means that the employee’s money willAll the punishments were not cleared.
When at Pufa Bank, Yunnan Trust proposed a solution to the plan, in the early morning of June 14, *ST Kaidi did not communicate with Pufa Bank and issued a notice of employee shareholding explosion. So far, the 130 million yuan employees initially participated in the plan’s investment will be lost.
Yang Kaidi, the biggest shareholder, died of this.
In theory, 15 million is about 4 billion yuan for an asset of nearly 4 billion. Sugar baby is on the account of Sugar baby. Baby’s 1 billion yuan of mobile funds is not a big deal. Why did it become a “Grand” at this time?
It’s really good or fake, but the mystery behind the accounts has always been released until June 29, 2018. After delaying for so long, something must have happened. Sugar daddy
If you don’t look at the 2017 annual report, it will only end in the third quarter of 2017. However, as for data, Professor *ST Kai, who owns multiple technology companies, has achieved asset debt that others have been unable to live in their lives. He insists on a relatively fair level. However, when it was reported in 2017, it was difficult to see the eyes.
Let us look at its cash flow first.
From the cash flow statement, a lot of funds are used to purchase fixed assets and intangible assets. The income from purchasing fixed assets from 2015 to 2017 was 3.91 billion, respectively, 22.7000 and 2.16 billion are both far beyond the cash flow that its operations can bring.
Since you don’t have it, you have to borrow money. *ST Kaidi seems to be in a hurry to borrow money every year.
*ST Kaidi has always maintained a considerable amount of money in the past few years. In the past three years, *ST Kaidi has earned 9.66 billion yuan, 13.93 billion yuan, 8.19 billion yuan, and the cash used for debt is also as high as 7.66 billion yuan, 1.15 billion yuan, 9.37 billion yuan, and continue to operate by borrowing new methods.
If this method can give investors a belief, it will be strongly maintained. However, once there is a business problem or an expectation of unpaid payment, we will not say that the cash flow is broken and cannot continue to operate, for fear that the debtor will break through the company’s door.
As expected, in 2017 *STEscort manilaKedi’s Levitra far exceeded 1.3 billion to 1.6 billion, reaching 2.3 billion. So then we saw the picture of the shareholding employee negotiation.
Empty shell enterprises, or Sugar babyThen let us focus on *ST Kaidi’s fixed investment.
In July 2015, *ST Kaidi acquired 154 companies, which is a big deal. But someone with a discerning eye saw that among these 154 companies, there are more than 120 largest shareholders of *ST Kaidi, Yangguang Kaidi, who made a profit of 1.6 billion yuan. And the main point is that these 154 companies may not be all real in dreams. Every topic of the heroine has achieved good results and the lowest performance of Ye Qiu.
Some of these forestry or biotechnology companies have always been under construction status, some have annual sales of RMB 0, and some have not even found a full-time employee.
But *ST Kaidi wrote clearly when she first wrote the article and would be used in forestry and electricity generation projects. But the real money to be invested is only a small amount, less than seven pointsone.
This makes people have to suspect the relationship between Yang Guang Kaidi and *Sugar daddyST Kaidi.
This is not the first time this happened. As early as 2010, Kaidi Power acquired five biometric electric factories of Kaidi Holdings, a major shareholder, at a high price of 296 million yuan. As of the end of 2012, none of the above five power plants had profitable.
However, when the major shareholder will repurchase the five electric factories in a comprehensive manner, they suddenly saw the total 50 million CDM (cleaning development mechanism) gains that have not yet been sold, which means that the major shareholder will be fully planned, while the listed company has no revenue.
To “Hey, that’s a matter of time.” Zhengju patted the child beside him. “This, Chen Yilong, who was the chairman of *ST Kaidi, said: “Contact purchases cannot be prevented. It is important to see whether the price of the purchase is fair.
At the end of 2016, *ST Kaidi just completed targeted increase, with 4.2 billion yuan in cash in hand, and he was very happy. In 2017, Yangguang Engineering and other companies under Yangguang Cadi accounted for *ST Kaidi Gorges 3.4 billion in funds.
Now that stocks have become a thunder, and executives are not forced to resign from their jobs, becoming the first summary of the full submission of employees’ shareholdings in A-share listed companies: Science needs to be serious, but beauty… is not that important. example.
Watching the entire business, *ST Kaidi seems to be just a game cover, with the name of listed companies on the rise, shouting with flags and empty checks, giving investors and employees paintings to attract investment. The final funds were not used in the construction company, but they also went to the shareholders’ pockets.
*ST Kaidi gave himself a good hand, not only did he suffer, but also dragged the scientific and technological environment that invested in it. The company has made a profit of 10 million in the first half of 2018, and has grown to a profit of 40 million.
*ST Kaidi’s picture reveals the corner of the circle. Investors have woken up to warn the joint purchases and sale of listed companies between major shareholders and not become victims of shareholders’ exploitation of corporate value.
Extended reading:
KedisonReminder notice on the sale of planned assets. Sale of RMB 13.9 billion in packages
TC:
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