Several directors and senior executives of JinGang have been taken criminal coercive measures, the company's 2.2 billion debt rights have been overdue for four consecutive years with financial fraud | Speed Reading Announcement.
1. ST Jin Gang's vice chairman and president, vice president and chief financial officer, vice president, former director, former chairman of the company, and 5 others have been taken coercive measures by public security organs; 2. The company has incurred a total accounts receivable and prepayment balance of approximately 2.171 billion yuan due to its trading business, all of which have been overdue; 3. The company has committed financial fraud from 2018 to 2021, falsely inflating revenue by 8.62 billion yuan, and has not disclosed its interim report for this year.
Half-year report disclosure of "anomalies": one company claims unable to submit on time, four companies have some directors not "authentic".
①ST JinGang announced that the interim report cannot be disclosed on schedule; ②Asia-Potash International Investment has directors and executives who are detained, unable to ensure the authenticity of the interim report; ③Anhui Sierte Fertilizer Industry has two independent directors and Gengstar Energy Group has one independent director who abstained from voting, unable to ensure the authenticity of the interim report; ④Shaanxi Jinye Science Technology and Education Group's Chairman and President is under residential surveillance, unable to ensure the authenticity of the interim report.
After four years of inflated revenue of more than 8.6 billion yuan, Jinzhou Port will close to 1 yuan in ST B shares
① Jinzhou Port A and B shares will be “ST” due to false records in the 2018 to 2021 annual report. ② As the chairman and general manager of Jinzhou Port at the time, Xu Jian and Liu Hui committed heinous offenses, and the circumstances of the violation were serious. The Securities Regulatory Commission plans to ban them from entering the market for at least 10 years. ③ Jinzhou Port's A share price is still above 2 yuan, while B shares are approaching the 1 yuan delisting red line.
Investment in water conservancy construction increased by more than 90% in the first quarter, and industry prosperity is expected to continue to rise
In the first quarter, 23,500 water conservancy projects were implemented nationwide, and the scale of construction was 4.7 trillion yuan, up 15.8% and 12.3% respectively over the same period last year. Among them, 9683 new water conservancy projects were started, with an investment scale of 473.3 billion yuan, an increase of 33.8% and 47.6% respectively over the same period last year. In particular, 687 new water conservancy projects with a total investment of more than 100 million yuan were started, an increase of 94.6% over the same period last year.
The Ministry of Water Resources further promotes investment and financing reforms, and water conservancy investment is expected to become an important driving force this year
① The Ministry of Water Resources will further push forward the reform of water conservancy investment and financing, and jointly promote reforms in water prices, market-based water rights transactions, water conservancy project management systems, etc., and further broaden long-term funding channels for water conservancy construction. ② Tianfeng Securities expects that with financial support, infrastructure investment such as water conservancy will become an important driving force, focusing on the pace of implementation and promotion of large-scale water conservancy projects in key regions.
What is the intention? Jiufeng Energy “unexpectedly” reveals 2024 performance outlook
① The company rarely announced a 24-year performance outlook and proposed a net profit target of 1.5 billion yuan for A-shares; ② This is the first 24-year performance outlook announcement for A-shares. The company's move surprised the market; ③ The performance target stems from employee stock ownership plans many years ago, and there is a suspicion that it is new wine in old bottles.