The person who claims to be a new material inside the Ding Tai is a company with a lot of problems, well-known financial fraud experts Charlot questioned the company to traditional metal posing new material metal, only the three-day listing of Ding Tai Xin material face break and questioned the double embarrassment Ding Thai new material (002352) in Friday just listed in Shenzhen stock market, But then came the double questioning from the market and from within. Ding Tai New materials before the IPO, the famous financial fraud experts Charlot to "Ding Tai new material: Another state-funded vampire will" for the title demanding the company's four problems, three major mishap. However, Ding Tai new materials did not because of external pressure delayed the IPO pace, the company will soon and listed. Unsurprisingly, in the second trading day after the listing, the company's share price suffered a break, as of yesterday's closing only 30.92 yuan, the three trading days in the Ding Tai new material's share price continued to fall 10%. The house leaks in the rain, yesterday, there is a self-proclaimed "tripod Thai new material staff" Anonymous readers to the newspaper call, complaints Ding Tai new materials in the IPO after the listing of some "fishy" practice. The reader also sent the same message to Charlot and received a positive response from Mr. Charlot. Anonymous questioned one: The company does not have large-scale production of rare earth alloy products of the ability learned, the staff told reporters: "Ding Tai main production of rare Earth series of steel strand is not a thing, ding Tai never used to produce anything, if there is, it is only in the University laboratory Experiment Products ( They become the makers of so-called industry standards through these samples. Ding Tai is not capable of large-scale production of rare-earth alloy coating products, but its IPO project unexpectedly is rare earth zinc aluminum alloy steel wire project. Why is this because management found that rare earth products are more expensive than ordinary galvanized strand products (high cost), if the ordinary galvanized steel strand products for the sale of Rare-earth stranded wire products can earn a big difference (the loss is the National grid and those cable companies), Management knows that no cable company will actually be testing these products. And the company IPO project said that raise funds to produce rare earth zinc aluminum alloy steel wire, but also will let a lot of purchase units to believe, they really think they buy is rare earth steel stranded wire. How can a neutral agency monitor whether the use of these projects is really used to produce rare-earth steel strands? How to verify? The simple thing is to check the products they claim to be rare earth galvanized steel wire, but make sure they come down from the production line, not from the university labs. The reporter immediately consulted the prospectus of the new material of Ding Tai, the company in raising funds use a clear indication "of the funds raised, 63 million for the annual output of 30,000 tons of rare earth multi-alloy coating wire strand project, and 54 million yuan for annual output of 26,000 tons of rare earth zinc-aluminum alloy coated steel wire strand project. "So does this indicate that the company does not have the capacity to produce rare-earth alloy wire strands in large scale before listing?" The reporter consulted the company prospectus of the annual profit statement, 2008, the company'sThe coating steel wire and the coating strand total income 388.15 million yuan, 2007 this data is 211.92 million yuan, can see the year-on-year growth is obvious. However, in this data does not indicate that ordinary coated steel wire and rare earth coated steel wire accounted for the percentage of operating income, but generally referred to as "coated steel wire and coating strand income", so investors will not know whether the company has large-scale production of rare-earth alloy products. In order to understand the truth, the reporter contacted Ding tai new material Dong Liu Lingyun, according to its introduction, the company has been the production of rare earth-like alloy products capacity, which has presided over the national 863 Project 1, chaired the establishment of industry standards 2, to participate in the development of 4 national standards, to undertake the national key industry structure adjustment national debt projects, The National key Torch plan 1 items can be seen. Moreover, in the rare earth alloy coating product Segmentation industry, the company has maintained a national share first, the Southern power grid in the years of procurement, has been pointed to the company's leading products of rare earth alloy coating products. At present, the company's two major customers in the Southern power grid and the National Grid for rare Earth alloy coating products demand very much. Since there is a big demand, what is the 2008 and 2009 sales all year round? Liu Lingyun said: "The prospectus is very clear." However, after repeated review of the prospectus, the sales figures for steel wire and strand were only obtained. The question of no Rare-earth alloy coating production line before listing, Liu Lingyun said: "The company produces common stranded wire and Rare-earth alloy wire stranded equipment is the same, the difference is only in the addition of raw materials, we produce rare earth alloy steel wire strand is to add rare earth block to ordinary steel, will be able to produce rare earth alloy steel wire stranded wire. "[Page] anonymous questioned two: The company did not buy a piece of rare earths in 2009 the anonymous reader questioned the second issue is:" Rare earths are actually harmful to the human body, if Ding tai new materials really produce these products, you see the production line of workers have any protective measures, no! " "And he revealed that" Ding Tai has not bought a piece of rare earths all the years, hope that the funds raised by Ding Tai can purchase real Rare-earth alloy steel strand, rather than the production of ordinary galvanized steel strand, to deceive customers, cheat profits. And Ding Tai's quality is not it boasts, zinc layer peeling, zinc layer thickness is not enough, brittle break, short ruler Such quality accidents occur, ordinary steel strand production is like this, do not say special new materials. "So is rare earths really harmful to humans?" Reporter Baidu for a while, replied that "Rare earths inside the general will be associated with radioactive minerals, but the specific quantitative analysis of the radionuclide and activity, generally is very low, if high will be mined, because the radioactive minerals relative to other minerals precious some!" But rare earths can cause minor damage to the liver. "In this doubt, Liu Lingyun said, the company 2007, 2008, 2009 years have to buy rare earths behavior, but the specific purchaseThe amount is not convenient to disclose, "not every time to stir fry need to go downstairs to buy msg bar, because the price of rare earths is expensive, so the company will reserve in advance for a rainy occasion." Rare earth blocks are known as industrial msg, which means that in production it only plays a role in embellishment and will never be used in large quantities. In our rare earth alloy products, the content of rare earths is also very small, should not be harmful to the workers in the production line. And every time we buy back rare earths, are in the outside of the enterprise first processed into Rare-earth blocks and then applied to the production line, ordinary employees simply can not contact the company's core production technology, there may be ordinary employees because they can not understand the core technology of the company's doubts, but also may be the peer to our discredit. "As for the quality of products there is a problem," said Liu Lingyun, laughing: "This is absolutely impossible, our company produced the first rare earth zinc-aluminum alloy coated steel strand has been running for 10 years, so far no corrosion, broken stocks, loose stocks, damage and other problems, especially in 2005 and 2008 two serious ice-covered no quality problems occurred. The reporter contacted a metal industry person who had studied the steel strand, he told reporters: "If Ding Tai New steel wire is used in the solvent method, it is necessary to see the stability of the elements, generally speaking, the better the stability of the solvent acid-base strength, then the diameter of the bus bar will be thicker, After the coating will not be able to pull the wire, because the pull mode will be the coating all scraped down. Then the twist of the strand is very poor, such stranded wire is worthless. There is usually the need to rely on coating anti-rust most of the ordinary carbon steel, manganese steel and other low-grade steels (4218,27.00,0.64%). I have seen in Shanghai cable factory electrified railway steel aluminum wire, is a thick steel core embedded in a very thick section of the profiled aluminum wire, is definitely not used stranded wire. Generally speaking, the steel strand of alloy will not have the quality problem, but the ordinary strand is hard to say. [Page] Charlot: The company has to confuse the traditional metal materials into new metal materials, the financial crackdown expert Charlot said that the anonymity of the relatively professional questioning, he said: "Because the tripod new materials in the industry is very professional, and non-ferrous metals this piece for me is also insiders, But I can raise some questions about the company from a financial point of view. Charlot said that the company's prospectus showed that the company presided over a national High-tech research and Development Program (863) New Materials technology field research and development task. The company also presided over the establishment of two national industry standards, as the main drafting unit to participate in the development of materials protection in the field of four national standards, by the National Standardization Management Committee of the National Metal and Non-metallic coating standardization Technical Committee identified as the national standard units. However, in the prospectus, there is no 2009 years of research costs, and the company's prospectus also said that in the purchase of raw materials, is still based on ordinary wire and zinc, 2009, the twoAccounting for 72.68% and 11.14% of the company's total raw material purchases, excluding the two major items, the company would not spend much of the material it needed to buy new metals, and it would be difficult to mention the possibility of developing and producing new metal materials. Do not know the company's new metal materials occupy the production and sales of a few? The reporter also found that in the course of the roadshow, the company's chairman Liu Ji-lu to the company's new metal materials technology has made an explanation: "Coating anti-corrosion technology has undergone three stages, respectively, galvanized coating, aluminum coating and zinc-aluminum alloy coating, abroad has been a large number of zinc-aluminum alloy coating anti-corrosion, domestic at present mainly using ordinary galvanized coating anti-corrosion." Foreign alloy coating products are mainly high aluminum (aluminum content 55%) or medium aluminum (aluminum content 4.2%-6.2%) of galvanized products, some domestic enterprises introduced related production technology, but not fully digested and absorbed, high production costs, product quality instability. Rare Earth Alloy coating anti-corrosion products will be increasingly widely used and will gradually replace the ordinary coating anti-corrosion products. However, after consulting the prospectus, the question of summer grass can not be answered, Ding Tai new materials in the new metal material procurement and production of vague attitude makes it difficult for investors to more fully understand the situation. Even the two big questions about anonymity are that listed companies are a bit vague and do not give the market a clear idea. For the focus of the matter is anonymous complainants, is not like Ding Tai new material dong is suspicious of the competitor's problem, this newspaper is also in the verification. Financial fraud expert Charlot told reporters that he had already focused on the new materials, and for the anonymous, he said that if not inside the company, it is impossible to understand such details of things, such as "workers do not wear protective clothing."
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