LED enterprise Qinshang incorrigible performance face

China Economic Net News as one of the leading enterprises in China's LED lighting industry, in December 2011 the Shenzhen Stock Exchange listed on the small board was once unlimited scenery. However, it is puzzling that the company did not focus on the company's operations, but in terms of performance correction and letter Phi violation is very much on the ground word. Recently, KingSun released the 2015 semi annual performance correction notice, the results after correction than before the notice of the results fell into 7, it is worth noting that the company had three consecutive years of annual report showed a big face performance prediction situation.

Performance again face

In June 8th, KingSun released the 2015 semi annual (January 1, 2015 - June 30, 2015) results announcement notice of amendment, is expected in 2015 half year net profit attributable to shareholders of listed companies 16 million 7 thousand and 400 yuan -2737.85 million yuan, down 71.85%-51.85%.

In April 29, 2015, the company disclosed in the first quarter of this year, the full text of the report is expected in the first half of 2015 attributable to shareholders of listed companies net profit of 62 million 540 thousand and 800 yuan - $73 million 911 thousand and 900 - yuan.

For this correction, the company said, the reason for the correction performance is mainly affected by the operating performance of the company shares of the company Ordos Raffles City Photoelectric Technology Co. Ltd. the decline.

This is not the first time KingSun performance forecast, the company in 2012 -2014 years of annual results notice have been modified. In an interview with reporters, KingSun staff explained that the industry may be due to unforeseen reasons, some management changes lead to performance has changed, and companies in the announcement of the reasons to be explained, timely revision of performance to investors is responsible. "

If a two performance correction can be understood, then it is difficult to make the face of the annual performance of the people to forgive.

Violation issues

The performance constantly revised, "this is not the only feature of kingsun". Often punished by regulators care is another big label in recent years, the company".

In March 24th, KingSun held a public apology on the Internet platform. The reason is that in May 2014 the company had been suspected of concealing the association and related transactions by the Guangdong Securities Regulatory Bureau administrative punishment. However, in March 17th this year, KingSun for concealing important information is the administrative punishment.

Two degrees are reasons of administrative punishment, KingSun and group ground the first major shareholders are non operating capital transactions and did not fulfill the obligation of information disclosure. Reporters noted that KingSun involving another violation of the time is 2013 and 2014, that is to say, the regulators have to pay more attention to the company and a ticket case, KingSun return to old habits.

The company's former chairman, Li Xuliang actual control because of bribery and because the company management problems of punishment by the Commission subsequently resigned from the management, and then his wife KingSun vice chairman of Wen Qi in the punishment by the Commission shortly after the flash, the market speculation that the actual control of people from the reason of management is due to regulatory penalties and forced the pressure to resign, for this speculation, KingSun staff did not deny, but said the company was also received immediately after the announcement of her resignation, resigned on the letter said is for personal reasons, we do not know the specific reason is because of what. "

Encounter rights

KingSun performance changes also let many investors shouted cheating. Recently, the well-known securities lawyer Shanghai Huarong law firm Xu Feng lawyers began to collect public investor rights.

Public data shows, December 1, 2014, KingSun closed at 14.43 yuan / share. That night, the company announced an investigation. Since then, the stock all the way down. January 12, 2015, the share price of 11.38 yuan, the cumulative decline of more than 20%, investors suffered heavy losses.

"Because KingSun was fined two times, as long as it meets any of the conditions, investors can claim. Shanghai Huarong law firm Xu Feng lawyers said. "Specifically, between January 1, 2013 and December 2, 2014 to buy KingSun stock, and after December 2, 2014 to sell the stock or continue to hold the stock investors have suffered losses; or in March 26, 2013 before buying KingSun stock, and after March 26, 2013 to sell the stock or continue to hold the stock investors have suffered losses, may claim KingSun caused investors to compensate for the false statement the behavior of loss. "

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