Hanwang Executives Cut Stock &Nbsp; Formerly Vowed To Be A Farce.

Having the right to circulation. senior executive All chose the reduction, Hanwang Technology [19.20 1.59% shares] executives collective reduction events recently triggered the industry hot debate. "Daily economic news" reported in the report, "look around the A share market two thousand. list Companies, like Hanwang Technology, are selling their own companies with the fastest speed, the largest number and the largest number of people. shares It's rare.

Hanwang Technology reported in its annual report that the total revenue of Listed Companies in the year 2010 exceeded 1 billion 200 million yuan, an increase of 112.71% over the same period last year. Net profit was 87 million 901 thousand and 600 yuan, an increase of 2.69% over the same period last year, and the basic earnings per share reached 0.88 yuan. The first trading day after the annual report was released, the company's share price rose 6% and its closing rate fell to 2.38% at the opening of 3 minutes. In the process, the executives of the company did not hesitate to sell the company's shares with the help of good luck. Facts have proved that executive decisions are brilliant. In May 20th, Hanwang Technology's closing price was 20.2 yuan, and the restoration price was only 40.4 yuan. Hanwang Technology has fallen by 47% since the publication of the annual report.

The sudden change of performance of a quarterly company is the direct cause of the collapse of Hanwang's share price. A quarterly debut in April 30th, net profit loss of 46 million 180 thousand yuan, and is expected to lose 90 million yuan in the middle of this year ~9800 million. For the first quarter of the loss of information, Hanwang executives can not be unknown beforehand, but in the previous company's annual report, Hanwang did not mention the risk of substantial changes in performance. According to the "accounting standards for enterprises" of the Ministry of finance, listed companies should disclose the information that their first quarter performance may suffer huge losses. Hanwang executives obviously concealed this information and took the opportunity to reduce their cash holdings.

According to the relevant provisions of the securities law, the huge loss information hidden in Hanwang science and technology annual report belongs to the inside information. The company not only did not announce the first time, but also postponed the disclosure time to the top management. After a month's reduction, the company was suspected of insider trading. Hanwang executives successfully fled with the help of brilliant annual reports. They not only suspected illegal activities, but also reflected the collective pessimism of company executives towards the future of the company. Liu Yingjian, chairman of Hanwang company, put up a bold word in 2010 to lead Hanwang to the top five hundred in the world. When Hanwang launched its own TouchPad tablet in May 2010, Hanwang executives broke an ice carving apple at the conference to show the determination to fight against Apple Corp. In the face of the executives' eagerly waiting for the company to reduce shares, Liu Yingjian did not know how he felt.

After iPad entered China, Hanwang e-book products not only prices straight down, but sales volume sharply reduced, the situation is rather bleak. Although Zhang Xuejun, President of the company, once said that Apple's iPad was oriented to the entertainment market in the United States, while Hanwang's TouchPad was oriented toward the business market, Apple's advanced technology and marketing strategy quickly broke the boundaries of entertainment and business in the Chinese market.

There is absolutely no meaning for Han Wang's gloating over today. In the course of development, Apple Corp also once fell into a low ebb. It was Jobs's return that made the company reinvigorate. It is not terrible for a company to get into trouble for the time being. And in the various reasons that lead to the dissipation of people, the most terrible thing is to hurt the vast majority of investors by mean means. Company executives are fooling themselves with investors, which is both a challenge to the authority of law and a trample on corporate reputation. When the development of the company is facing difficulties, Hanwang Technology executives do not choose to tide over the difficulties, but release the smokescreen of the company's good performance, take the opportunity to reduce their cash holdings, and let the vast number of investors who are generous to take the market in deep shape.