When the science and technology lie shattered to become the gem of the company

When technology is definitely a negative example-by the time it was listed on April 27, 2010, it should be the result of the harvest, but it is the opposite of the--2011 in the first half of the year only 2.73 million net profit, down 83.71%; 2010 34.62 million,　　Fell 13.69% from 2009.　　The big shareholder on top of the head. "Beijing Mining and Metallurgy Research institute" claiming to be "lithium battery cathode materials professional supplier leader" Company, after a lie burst, investors tasted the pain-it now shares only 25.68 yuan, its price is 36 yuan, the first day of the market is 62.58 yuan. After many empirical studies, the discovery of "expected inducement, value amplification, financial revenue blindly model" is the gem and other fish bait thrown out of the bait. I need to remind you that a large part of it is untrue and that a large part of it is based on the assumption that a large part of its commitment is for listing.　　Therefore, it is important to study the basic value of gem and the future growth of the company.　　Even if you do not get the original credentials of the technology, you can easily discover its deception and contradictions by carefully reading the information it discloses. In its prospectus, the company claims to be "mainly engaged in lithium cobalt, multivariate materials and lithium manganese."　　This is magnified by its many business attributes, and the real case is that it is just a manufacturer of cobalt acid lithium. The rationale for this judgment is simple-from 2007 to 2009 operating income was 442.26 million, 590.8 million, 534.57 million, of which cobalt acid lithium was 422.93 million, 569.47 million, 521.32 million, accounted for 95.63%, 96.39%, 97.52%. The two main categories of multivariate materials and lithium manganese are only 3.96%, 2.86% and 2.22% of other classes.　　The so-called "three major categories of main business" is only a project to raise funds expected after the production of an imagination and assumptions. The second is that the company's main business is that cobalt acid lithium is basically a loss trading. How much profit does it make to sell a ton of cobalt acid: 2007 is 26,700, 2008 is 58,300, 2009 is 29,000. Its gross profit margin was 7.8%,14.41%,13.59%,2010 decade to 9.26%, and in the first half of 2011 it fell to 7.62%.　　Such a low gross business margin to make money itself is a rather difficult thing, not to mention high growth. A more serious problem was to be seen, which was 15.24 million, 34.18 million and 40.11 million net profits from 2007 to 2009, of which export tax rebates reached 21.31 million, 26.04 million and 28.14 million. If you pull this off, it's just a company that can barely make ends meet. In its net profit of 34.62 million and 2.73 million in the first half of 2010 and 2011, income from interest also accounted for 4.8 million and 790,000. Its main businessThe profit margin of the business has come to a pitiful 0.73%. For the only raise fund project--17196 million of Jiangsu Haimen Port of Eden, the annual output of 3900 tons lithium anode material Production Base project, please do not make too much expectation.　　The project, which was originally launched in 2011, now calls itself "the completion of the Design institute selection" phase, is likely to be in the foreseeable future-the projected 40.69 million net profit per year, it is naturally difficult to expect. This negative example, the review of the Commission on Science and technology projects should be questioned.