Who's going to be the first to retire from the gem?

long-awaited "Direct withdrawal of the city" finally in the gem "Liang Jian." November 28, the Shenzhen stock market announced "on the improvement of the GEM delisting Scheme (draft)", open to the community for advice. A stone stirred thousand layers of waves, suddenly, "who will become the first ' get knife ' company?" "has become a sensitive topic in the marketplace.　　Although only conjecture, but according to the detailed rules of the plan, in the 276 gem listed companies, there are no shortage of high-risk people. "Interpretation" three major changes in the new rules of delisting after the two anniversary of the opening of the board, the gem delisting system late, but there is always better than no, can not conceal the fact of progress.　　Industry insiders believe that the new rules can deter and deter the gem of the vicious speculation, on the motherboard also has referential significance, to guide investors to evade the performance of the shares, and gradually to the value of investment change.　　It is understood that compared to the previous "Gem listing Rules" in the delisting regulations, the new regulation has three major changes.　　First, there are two new delisting conditions, that is, the stock which has been publicly denounced by the exchange or the gem has been publicly denounced by the exchange for 3 times in the last 36 months will be terminated; the stock of gem company appears for 20 consecutive trading days, and its shares which have a daily closing price lower than the nominal value of each share will be terminated.　　Second, the abolition of the "Exit Risk warning treatment", will implement the "delisting period" system, the establishment of "delisting", does not support the suspension of listed companies through the backdoor way to resume listing. Third, shorten the time to return to the city, speeding up the speed of withdrawal. Once the audited annual financial accounting report shows that the company's net assets are negative, its shares are suspended and the net assets for two consecutive years are negative, then the stock is terminated.　　In addition, once the occurrence of 120 consecutive trading days accumulated stock turnover of less than 1 million cases, will also terminate the listing. "Observation" five high-risk stocks in the risk of the withdrawal of the market can be electric (300062) The reason: The only company Shenzhen by administrative punishment According to the severity of the punishment is divided into internal criticism, notification of criticism and public condemnation. This April, the exchange announced the "public condemnation" of the standard definition, mainly against listed companies in information disclosure of false statements, delayed disclosure, intentional omission and other irregularities, as well as the company's operation of illegal use of fund-raising, illegal guarantee and other acts.　　The penalty records of listed companies are all included in Shenzhen integrity files. According to the integrity of the archives show that since the October 2009 Gem Open Board, only 4 companies "on the list", Poly Dragon shares, South wind shares, Henan Diamond 3 companies are due to senior executives and relatives of illegal trading of shares and was criticized; in electric is only one by one of the enterprise under the administrative punishment of the Gem, the existence of the letter in violation,　　A number of issues such as news leaks. All along, the "breach of the letter-the administrative penalty-continue to violate the law of the letter" seems to have become a lot of listed companies behavior logic.　　According to the new rules, if the electricity in the same situation, touch the exit cordon is also possible.　　National Union Aquatic Products (300094) Reason: Stock price gem Bottom firstAs of the end of Friday, the National Union aquatic Products reported in 7.5 yuan, in the gem 276 stocks in the lowest share price. The reason for its "cheap" is related to the lower price.　　Public data show that the National Union aquatic products IPO price of 14.38 Yuan, ranked the 14th in the bottom of the gem. On the other hand, the performance of the National Union aquatic product also cannot support the subsequent rise of its share price. Only a week into the IPO, the first report card was a surprise to investors. It was announced 2010.5 Annual report results, reported that the current period of the company's net profit deficit of 12 million-14 million yuan, fell 15%-35%. The decline is due to cyclical industry and reduced government subsidies.　　However, the subsequent time proved that the company's performance was not due to seasonal factors or increase or decrease in government subsidies, the net profit in the first three quarters of this year fell by more than 50%. At present, the National Union Water plant listed just full year, but the stock price has been halved.　　If the stock price continues to fall, the first hit line below par is also possible. Bao de shares (300023) selected reasons: The obvious whitewash listed Bao Tak shares are 2008 years of the first listing of the gem "28 star" one, but its performance changes quickly, the big change is not able to.　　Prior to the IPO, the company said it had achieved a net profit of 25 million yuan in the three quarter of 2009 years ago, but the annual report, published in March 2010, showed a net profit of 26.83 million yuan in 2009, the net profit of four yuan in the 2009 1.83 million quarter. The subsequent 2010-and 2011-year financial data showed that the company's shares had fallen without exception and investors ' interests were being eroded.　　This year's three quarterly reports show that the net profit of the shares attributable to the shareholders of the listed companies is 5.1296 million yuan, down 41.14% year-on-year, compared with the 25 million yuan in 2009. In the prospectus, the company has made it clear that the investment industry is in the boom cycle, and promised to complete the investment project within two years, but so far, the commitment is only perfunctory "slogan", super raise funds are also lying in the bank to eat interest.　　Therefore, some people in the industry believe that it is suspected of fraudulent listing, so that the matter is investigated, or the life of a line. Canchi Pharmaceutical Industry (300086) selected reasons: Main products have not returned main product problems, for a not large enterprises, the blow is often fatal. Canchi Pharmaceutical main products for nimesulide, commonly known as Rui Zhi Qing, mainly used to treat children with fever. And May 20 this year, due to adverse drug reactions, the State administration of medicine to require the company to modify the description of Nimesulide, prohibit the use of children under 12 years of age.　　As a effect, sales of the drug were significantly reduced. The quarterly reports showed that net profit in the first three quarters fell more than 80% from a year earlier. Compared to the Half-year report in the first three quarters of the forecast, the performance further downward. In order to reverse the negative effect of the nimesulide disturbance, the Canchi pharmaceutical industry has made a series of transformation and actively cooperated with pharmaceutical enterprises., accelerate the acquisition of small and medium-sized pharmaceutical enterprises, and establish a new flagship product.　　However, in the current fierce drug market, and then want to make their own unique brand and flagship product is not easy.　　In the face of such a storm, Canchi pharmaceutical two market trend has been down, the main reason is because investors are not very optimistic about their future, if there is any trouble, the fate of the company is at stake. Dayu Water Saving (300021) The reason: the risk of insolvency increase gem for insolvent listed companies will adopt a fast exit system.　　The plan stipulates that the company's audited annual report shows that the company appears to have a negative net assets, immediately suspend the listing, the second year reported that the net assets continue to be negative. Flush IFind statistics show that at present, 276 gem companies, by the end of September this year, the net assets per share of less than two yuan, only Dayu water-saving and Jiffeng agricultural machinery Two, especially in Dayu water-saving most "dangerous", its net assets of 1.49 yuan per share.　　It is worth mentioning that, as at the end of 2010, this data is still 2.88 yuan, 9 months after the impairment of 48.26%. In general, cash per share is the last line of defense for the company's share price, even in the worst case, the company may consider using cash to repurchase its own shares to prevent the share price from falling below par. However, Dayu water-saving cash is rather tight, according to the disclosure of three quarterly bank fund balance and total equity calculation, Dayu water saving per share of cash only 0.25 yuan, is the gem only per share of cash less than 0.5 yuan company. Corporate cash is deteriorating, and the tension of the "string of life" is worrying. Commercial newspaper reporter Wang Dan "Alternative voice" back to the new rules form more than the content of the new regulation issued, marking the gem will enter the era of retreat, but calm down to taste, not as good as imagined. 3 years of condemnation 3 times before the return of the city, there is no precedent and unreachable, the stock price for 4 consecutive months less than 1 yuan face value, a A-share history has never appeared.　　Although it can not be denied that the new rules have the positive role of shock and awe market, but still unavoidably "in the mirror flower water in the month" Judgment, the form is larger than the content, the operation is not significant. Specifically, since January 1, 2009, the Shenzhen Stock Exchange has a total of 22 public condemnation of the listed companies, but no company has reached "3 times in 3 years." At the same time, "denunciation" there is a strong "rule of man" color, the Shenzhen stock is the final decision.　　In addition, even if the National Union aquatic products currently 8.21 yuan "low price", the departure of the city standard of 1 yuan also has 90% decline. Although the growth of the gem in the past two years, the performance of the decline is serious, but there is no loss of a net profit, when the technology, Tsuen Yin Gao Ke, heng Xin Mobile, technology and other 10 companies in the end of the three quarter earnings per share less than 0.1 yuan, even if the market will be suspended, but still far away from the city.