10 8 stocks fell off the agricultural plate into investors sadly

Green Earth (002200, closing price 19.61 yuan), a market has been hailed as high-quality White horse stock listed companies, due to the letter in the suspected violation, in March last year by the China Securities Regulatory Commission filed for investigation. However, the administrative investigation involved in the green land suspected of fraudulent listing, the company's chairman of the shares were frozen by the public security organs, the Chairman himself on suspicion of fraud issue shares, was recently executed by the public security organs to arrest.　　With the investigation of in-depth, more facts have surfaced, green earth this "white horse" instantaneous show the original. Coincidentally, the green Land is a listed company of agriculture.　　A-share history, the agricultural listed companies suspected of fraud cases, Yin Guang Xia, Lantian shares and other reminders of the performance of the "myth" is still vivid, green land will be agricultural listed companies to a new level of fraud. What happened to the agricultural listed companies?　　Looking back over the last 10 years of the A-share market, "daily economic news" in detail combed 8 typical agricultural listed companies due to financial, letter cover fraud finally fell to the capital market case. Two big fraud shocked the stock market silver, Lantian event is called a A-share markets the most "classic" fraud case. With impressive performance and attractive prospects, the former has been called "China's first blue chip", the latter is called "China's first agricultural stock."　　But with hindsight, the story of two companies has hit domestic investor confidence, and their story has become the biggest scandal of the 2001 bear market. The full name is Guang-Xia (Yinchuan) Industrial Co., Ltd., is the securities referred to as *st Guang Xia (000557). The company landed a-share market in June 1994. In 2000 the entire a-share market, yin-guang summer to more than 440% of the annual increase in all listed companies to rise in the first place, and because of its impressive performance and attractive prospects are known as "China Blue Chip first shares." As the performance of ultra-high growth, far higher than the level of peer profit margins, the various parties to the silver-Canton-Summer question has not ceased.　　In August 2010, Caijing Magazine released a "silver-summer Trap", revealing a sophisticated "extraction technology" and a strange "German customer" composition of the fake story. The "Caijing" reporter survey found that the so-called bio-extraction technology that yin and Guang Xia relies on is not as marvellous as it boasts. The application of this technology in the international market is not large, silver-canton summer can not rely on such a technology to create such a high performance. The reporter in Bangungsha claimed the main export base-Tianjin Guang Xia location of Tianjin customs to master the export amount of yin and Guang Xia, 1999 for 4.81 million U.S. dollars, 2000 for more than 30,000 U.S. dollars, the first half of 2001 even without a penny of exports.　　Such a small amount of exports has become a major source of support for the profits of Yin and Guang Xia, and it can be seen that its so-called performance myths are entirely fictitious, the whole thing-from exports of bulk extraction products to silver-summer profits soared, and then to the stock price boom is completely a hoax. The Silver-Canton summer performance bubble was finally punctured. May 2002, the China Securities Regulatory Commission on the Silver Canton summer administrative penalty decision to determine that the companyFrom 1998 to 2001 cumulative virtual increase of 771.567 million yuan, from raw material purchase to production, sales, export and other links, the company forged all the documents, including sales contracts and invoices, bank notes, customs export declarations and income tax exemption documents.　　After Bangungsha, the Chinese stock market again staged a farce, and this time the protagonist is the Lam Tin stake.　　The same with the yin-guang summer, the lam Tin shares play is also a trick to fabricate performance myths, the difference is that the story of the canton and the summer is in the vast desert, and the story of Lantian is in the vast flood lake in the fuss. Lam Tin shares once created the Chinese stock market performance myth. Company to breed, tourism and beverages as the main business, 1996 after the IPO, the total assets from the listing of 266 million yuan to the end of the 2.838 billion yuan, 9 times times, the annual report results in each share of more than 0.6 yuan, the highest reached 1.15 yuan.　　Even in the aftermath of the 1998 floods, the Lantian shares had an incredible 0.81 yuan in earnings per share and a 5-year share capital expansion of 360%, creating a rare "Lantian myth" in Chinese agricultural enterprises. Behind the impressive performance is a beautiful story about Lantian shares. One of the most beautiful stories is: Lam Tin shares and the Chinese Academy of Sciences Institute of Aquatic Science and technology to build a demonstration base of agricultural industrialization, through the transformation of the fishery, the traditional single extensive farming into a three-dimensional breed of Nathe-"The water has ducks, water has fish, water under the lotus root", forming a self-sufficient chain of life. Company president Guo Chaoyu said, an acre of water a year's output value can reach 30,000 yuan.　　In addition, the white pick of the "first bucket of gold", a duck = two sets of color TV, agriculture, many new concepts, new technologies are played by Lantian to the extreme. The myth of performance also drew strong questions from all sides, and the first to break the Lantian myth was a scholar named Liu Yinwei. Liu Yinwei published in the financial internal reference of the 600-word "should immediately stop lending to Lantian shares" as if a silver needle in the Lantian shares of a huge bubble, the inside of a farce in this open, the Lantian loan black Hole published in the public.　　January 2002, due to the alleged provision of false financial information, Chairman Baotian and other 10 senior management staff were summon to be investigated; in March, the company implemented special treatment, the stock is referred to as "St Ecology", May, due to 3 consecutive years of loss, suspended listing.　　The problems of the agricultural listed companies the "legend" of the frequent yin-guang Xia and Lantian shares in the history of the development of domestic capital market, sadly, however, their fall did not let the following listed companies heed the lesson, but to some extent, opened the agricultural listed companies to fake "precedent."　　Under the guidance of two "predecessors", 2005, Fung Lok Seed Industry (000713, closing price of 17.72 yuan) The problem of counterfeiting has also been written to the ten-a-share market classic fraud case. January 4, 2005, Fung Lok seed industry received the China Securities Regulatory Commission administrative punishment decision. The certificate found that Fung Lok seed industry letter wearing irregularities, financial fraud and raiseSet of funds false records and other three violations. In the financial fraud, from 1997 to the end of 2001, Fung Lok seed industry fictitious various types of crop seeds sales of 191 million yuan, at the same time, the cumulative reversal of the fictitious main business income of 11 million yuan, the cumulative fictitious main business costs 22 million yuan, the actual fictitious main business income of 180 million yuan, Fictitious main business profit 158 million yuan.　　During the period, Fung Lok seed industry will reverse the return on securities investment and related subsidy income to the fictitious main business income and the resulting receivables, its actual securities investment income is less than each year fictitious main business profit, this difference forms the abundant music seed industry each year fictitious increases the profit, accumulated falsely increases the profit 40.06 million yuan. 2002, Fung Lok seed industry to the day-to-day management costs, operating costs fictitious hybrid rice project under construction project 2.46 million yuan, to the day-to-day management costs, operating costs fictitious cotton rape project under construction project 3.06 million yuan, total virtual increase in construction projects 5.52 million yuan. In spite of the severe punishment of the last responsible person and the successive changes in the company's executives, the industry is again on track in the seed industry recovery.　　However, the issue of early fraud whether in the history of the company, or in the history of China's capital market has left a disgraceful. Prairie hing Hair is a main business including mutton, Broiler, the world's roof cattle, Siye grains and series of products production, processing and marketing of listed companies. In the 2005 annual report, the company broke a huge loss of up to 389 million yuan.　　Despite the huge losses caused by avian flu, the huge loss reflects a number of puzzling mysteries, such as compensation, cost, and financial problems. June 8, 2006, Grassland hing hair because of suspected securities violations, by the China Securities Regulatory Commission filed for investigation. July 5, the Prairie Hing Hair Bulletin received a regulatory letter from the Shenzhen Stock exchange, grassland hing hair In addition to the disclosure of forged bank vouchers fictitious avian influenza compensation problem, there are no actual transaction behavior fabricated false warehousing orders, sales orders, bank documents, vouchers, books records and other financial documents and accounting statements, Fictitious purchase and sale business to fabricate the performance, falsely lists huge bank deposits, fictitious purchase huge grassland right of use assets business and so on suspicion illegal behavior.　　Grassland hing Fat The first major shareholder Chifeng UnionPay Investment Co., Ltd. there are suspected of flight rights issues. October 31, 2006, the Prairie Hing hair in the self-examination since the detection of the company in the past year there are major accounting errors. Error correction, 2004, 2005, 2006 1 ~ September A succession of huge losses. Due to large losses in the early 2006, may still be a loss, the company's shares are suspended and the risk of ending the listing. Continuous huge losses, grassland hing hair can only seek restructuring transformation.　　Finally, Inner Mongolia Pingzhuang coal industry, grassland hing Hair transformation for coal mining, processing industry-oriented Pingzhuang Energy (000780, closing price 16.25 yuan). Nine shares engaged in edible fungi and related industrial products aquaculture, processing and marketing. Company was listed in July 1998, the past industryThe results were fair, but 2006 was a sudden loss of performance, and news of the company's counterfeiting spread through the market. May 4, 2008, nine shares received the China Securities Regulatory Commission of the "investigation notice", August 5, the company announced the SFC "administrative penalty decision and the market ban on the decision" notice, nine shares have false records, major omissions and other letters in violation of the law, the relevant responsible person was severely punished.　　Since then nine shares due to continuous loss, the risk of the withdrawal of the special treatment, the stock referred to as *st nine (600180, closing price of 11.03 yuan). In addition, the Securities and Futures Commission to investigate the agricultural listed companies also have dongting water colonization, middle-peasant resources, including the Dongting Water survey results, in 2007 before the annual report did not truthfully disclose the relationship between Anxiang Aquatic and Hongxin Holding, the company's responsibility has been punished, the company's name changed to Great Lakes shares (600257　　, the closing price is 9.26 yuan); After the farmers ' resources were warned of the risk of delisting, the last fiscal year continued to lose money, and the company's shares were suspended from the market on May 25, 2010.　　The scar of the green Earth "face" although in the Yin Guang Xia, Lantian incident fraud case, agricultural listed companies, and even by the SFC investigation of a few, but only the story of the Green Earth and Bangungsha and Lantian events. The story of the Green Earth mainly revolves around the performance "face". In the third quarter of 2009, the company expected net profit year-on-year growth between 20%~50%, January 30, 2010, Green Land Performance revision of the announcement is expected to 2009 net profit fell less than 30%.　　This is the first green land performance.　　March 30, 2010, the green land issued a loss announcement, expected 2009 performance may be a loss, the announcement is the second green land performance.　　The same year, April 28, The Green Earth again released 2009 years of Performance revision notice, the revised 2009-year net profit for-127 million yuan, down 247.47%, this announcement is the Green Earth 2009 Annual performance of the third face.　　In the final announcement of the 2009 Annual report, the Green Earth's net profit for the whole year was a loss of 151 million yuan, down 301.03% year-on-year. Performance, the green Earth will be due to the second half of 2009 since the prolonged dry weather. In addition, consistent with the number of performance revisions, in the 3-year period of the listing, the green land has changed the total number of 3 audit institutions.　　In a A-share listed companies, frequent replacement of audit institutions is rare. After a series of events, March 18, 2010, the Green Earth Bulletin of the Securities and Futures Commission to investigate the company, July 10, Green Earth Bulletin SSE the company a series of violations of the notice; December 23 Company Bulletin said, The controlling shareholder He Xuequ holds the green ground 43,257,985 restricted circulation shares to be frozen by the public security organ on December 20, 2010; The December 31 announcement said that due to alleged irregularities disclosed, does not disclose the importantInformation, the company accepted the public security organs investigation; March 18, 2011, Green Earth announced that the company's controlling shareholder, chairman of the He Xuequ for the suspected fraudulent issue of shares were arrested by local public security organs.　　The relevant head of China Securities Regulatory Commission said in the administrative investigation of the green Earth found that the company suspected of virtual increase in assets, virtual increase in income, false increase in profits and many other illegal acts, suspected criminal offences, public security organs suspected of fraud issue shares of the chairman He Xuequ execution arrest, the case is still in the investigation. In these three stages of fraud, suspicion of fraud and the letter put the problem of agricultural listed companies, with the truth after the fact, they left investors is undoubtedly the pain of remorse. To the green earth for example, the company chairman He Xuequ stake was frozen by the public security organs, to the final chairman was arrested by public security organs, 2 months time, the stock price from nearly 40 yuan to kill the price of the current 19 yuan, holding the green land investors lost heavy. The agricultural sector has become their biggest heartbreak for investors who once owned the company. Responsible Editor: NF045