Enterprise Board delisting company network Technology or become the first

Source: Internet
Author: User
Keywords Gem back to the city
Once the GEM system is launched, the 118 companies in the company will be the first to lead the market speculation.  In addition to the first half of the gem performance "Face" the first 3 shares, Warburg shares, South all power supply, the last year's annual report and this year reported net profit has slipped in the net of technology has become the focus of the market. Gem frequency is "net accommodation phenomenon" enterprises in the first consecutive years of market performance doubled, after the market growth slowed down even a decline, this phenomenon now has a new synonym-"net-bed phenomenon."  It is reported that the first half of the gem, has been repeatedly because of "net-bed phenomenon" and into a crisis of confidence. Everything still has to start with the 2009-year report from the Enterprise board. Although some companies have already handed over ugly earnings, the worst annual report on internet technology has shocked the industry.  In the 2 weeks before the publication of the annual report, Peng, general manager of the Web-hosting technology, quietly resigned. The annual report shows that the 2009 net-bed technology to achieve the main business profits 32.6233 million yuan, down 4.79% year-on-year.  These figures are out of line with the 3-year performance of the IPO, which grew by 73% and 100% respectively in 2007 and 2008, while net profit grew by 63.04% and 43.74% respectively.  Before the listing, no matter how bad the economic environment, the performance of the peer is much bleak, enterprises can be flying against the city, after the listing, why the performance of "Turn against"? The "active confession" of technology executives in the net makes the answer abundantly clear.  The executive explained that, based on the fact that the disclosure of performance was the reason for the worst annual report on Internet technology, he also claimed that "if the Internet is a bit smarter, it would be easy to make a good report by switching to the funds and putting in the project early."  90% IPO raises the interest of the bank to eat the interim report of the technology release showed signs of a pick-up in revenue in the first half of the year, but the company's net profit was still in decline, down 29.98% per cent year-on-year, by the increasingly fierce competition in the industry. More noticeable is that the Shanghai Securities and Regulatory Bureau has found in the on-site inspection, as at April 30, 2010, the network of technology six months ago in the gem raised 513 million yuan of funds, the use of only 36.19 million yuan, the remaining 460 million yuan actually became a term deposit.  This means that 90% of the funds raised by the Web-hosting technology IPO lie in the bank to eat interest. Through the calculation found that the first half of the bank interest income of 5.14 million yuan, accounting for the medium-term performance of the proportion of up to 34.31%, showing that the reported performance to a large extent stained with the interest of the Bank of Light. If bank interest is deducted, the company's interim results are down 54.01% per cent year-on-year, significantly exceeding the reported decline in its performance. (Investment Express)
Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.