Since the company resumed the card in March 23rd, as of April 26th, the 23 consecutive one - word board fell (5%), and before the suspension of a drop (10%), has been a full 24 fall. Among them, the chairman of the company, Weng China, can be called the most tragic chairman of the board. His 17 million 930 thousand shares of ST shares of YF stock have shrunk 330 million yuan in 7 months value, with his annual salary of 320 thousand yuan, at least in 1032 to make the money back. 7 times increased before the chairmans suspension ST Yu Fu announced in May 13, 2017 the announcement on the increase of the companys stock plan by some middle and senior managers (number: 2017-046) that the top managers of the company, Mr. Weng Zhonghua, Mr. Zhou Fazhang, Mr. Liu Yingping, Mr. Lv Bin, and Mr. Lai Jianqing, are to pass the Shenzhen certificate within 12 months of May 12, 2017. The form of the stock exchange trading system (including but not limited to the concentration of bids, bulk transactions, etc.) or to increase the companys stock through the securities companies, the fund management companys directional asset management or the trust companys directional fund trust. The increase price is not more than 45 yuan / share, and the total increase is not less than 1 billion 30 million yuan. Its not more than 1 billion 530 million yuan. Every Xiaobian noted that Weng Zhonghua also increased its holdings 7 times after the announcement: In September 19, 2017, Weng Zhonghua increased 865 thousand and 900 shares and the average transaction price was 26.91 yuan. In September 20, 2017, Weng Zhonghua increased 255 thousand and 900 shares and the average transaction price was 26.34 yuan. In September 21, 2017, Weng Zhonghua increased 1 million 171 thousand shares and the average transaction price was 26.79 yuan. In September 22, 2017, Weng Zhonghua increased 10 million 200 thousand shares and the average transaction price was 26.94 yuan. In September 25, 2017, Weng Zhonghua increased 2 million 315 thousand shares and the average transaction price was 26.46 yuan. In September 26, 2017, Weng Zhonghua increased 1 million 977 thousand shares and the average transaction price was 26.5 yuan. In September 27, 2017, Weng Zhonghua increased 1 million 151 thousand shares and the average transaction price was 26.06 yuan. The ST three quarterly report showed that as of September 31, 2017, Weng China held 17 million 930 thousand shares, accounting for 4.51% of the total equity, and 27.09 yuan for September 27th closing price, which was over 480 million yuan. Since then, the stock price of the name Yu Fu shares has gone up, and it has risen to 34.87 yuan in December 25, 2017. However, rich and expensive, from January 8, 2018, the joint-stock shares began to fall continuously in January 17th, it was a direct drop in January 17th, then began a 2 month suspension, in March 23rd after the identity of ST Yu Fus identity, as of April 26th, and the 23 consecutive fall. It is necessary to point out that, although we do not know the pledge price of 16 million 810 thousand shares of Weng China pledge, it is certain that this part of the stock has been out of stock in the process of falling stock prices. With the closing price of 8.59 yuan in April 26th, the 17 million 930 thousand shares that Weng held at that time are now worth 150 million yuan and have been shrinking over 330 million yuan, and his annual salary is 320 thousand yuan, which means that the money will be earned at least in 1032... From the ten largest circulation shareholders of ST Yu Fu, Yunnan International Trust Co., Ltd. (Yunnan trust) (Yunnan trust) under the set capital trust plan, cloud credit - Ruiyang 2017-1 collection fund trust, Sheng Yun No. 7 single fund trust, Shenjin 60 collection fund trust plan, 4 products, 13 million 243 thousand and 400, 1021.87, respectively. Ten thousand shares, 4 million 718 thousand and 100 shares, and 3 million 738 thousand and 300 shares have gone through 24 successive stops, and the losses have also been disastrous. Inexplicable involvement in 12 civil debit and lending disputes In fact, since the suspension in January 18, 2018, ST has suffered a series of major strikes. In January 19th, both the company itself and the companys actual controller Yan Jinggang were both investigated by the China Securities Regulatory Commission on the grounds that they were suspected of violating securities laws and regulations. In January 26th, ST YF received a civil ruling from the intermediate peoples Court of Nanchang in Jiangxi province. The company was involved in 2 Civil debit and lending disputes, and received a letter from the management department of the small and medium board company of the Shenzhen stock exchange. In February 7th, the company announced that the companys stock was put on other risk warning in February 8th, and the stock short changed from Yu Fu share to ST Fu. The reason for the other risk warning is that the application of property preservation to the court for the freezing of some bank accounts of the company has been applied to the court because of the civil debit and credit disputes. The board of directors of the company has verified that the above-mentioned frozen accounts contain the companys basic accounts and raised capital accounts, which are the main accounts of the company. In April 10th, since ST Yu Fu was suspended from January 18th, a number of proceedings have been announced. In reply to the letter of concern again, ST Yu said that the company is involved in 16 cases, involving a total amount of up to 843 million yuan, of which 12 are civil debit disputes. For the above 12 private lending disputes, most of the companys position is I do not know, the company did not receive the money and so on. According to the internal verification of the company, the loan does not pass through the internal process of the company, the amount of the loan has not entered the company account, can not verify the use of funds, and the external lawyer can not confirm the legal liability that the company should bear in the lawsuit according to the existing information. For example, ST Yu Fu in one of the private lending disputes, the company said he received a 50 million yuan loan from the plaintiff, but the company did not sign a loan contract directly with Ding, and the loan has not been approved by the relevant departments of the company. In this regard, ST said: The details of the loan is that in January 2, 2018, the company needed to repay the loan from the contractor bank to apply for financial support to the technical enterprise group (Note: Yan Jingkang). The account of the company was collected by 50 million yuan bank. At present, the fund has been used by listed companies to repay the loan due to the contractor, and the company has also entered the accounts. According to the available information, an external lawyer confirms that the company may have a civil liability for the $50 million, but it is expected that the loan will not affect the profits and losses of the company. That is to say, ST UF was involved in 12 civil debit and lending disputes, causing the companys main fund account to be frozen. When he received an inexplicable 50 million yuan, it was not only approved by the company, but it was miraculously directly given to the money. At the same time, these lawsuits also have a certain impact on STs performance. The companys announcement at the April 17th announcement indicated that The two major business sectors of the company (polyester industrial wire and lithium battery) belong to the production and manufacturing industry, with the characteristics of focusing on assets and capital intensive. The previous proceedings and investigation items have caused a certain impact on the production and operation of the company, which is mainly reflected in the following: (1) the early loan collection of some financial institutions has reduced the financing function of the company. At present, the financing activities are in a semi stagnant state and the financial cost is rising. (2) some of the companys Bank funds have been frozen, resulting in a decline in operating funds and a stagnation of major foreign investment activities. The fund raising project (40 thousand tons of smallpox film project) is planned to be postponed. (3) credit contraction of raw material suppliers and downstream customers. Under the influence of the investigation and lawsuit, and the decline of the state subsidy policy, the new energy of the company, the new energy of Jiangsu Chi hang, is under the pressure of the financial institutions, the raw materials suppliers and the customers. The overall start rate is still in the process of recovery, and the first quarter profit is declining. ST Yu Fu also said in March 31sts 2018 quarter first quarter earnings forecast: Or refresh the number of ST thousand li drop times Every Xiaobian noted that STs twenty-fourth consecutive limit in April 26th was close to the 29 limit A stock limit record set by ST at the beginning of the year. It is worth mentioning that since last year, the risk of ST stocks has increased, and the stock prices have continued to fall. *ST in May 31st to September 28th last year to September 28th, 17 consecutive words fell, leveled the new capital in May last year to enter the delisting of the 17 word fall stop record of the continuous fall. *ST and last November 3rd to November 30th 18 consecutive down limits, breaking the *ST Zhongan A shares continuous down record. ST thousand li last July 24th last year, fell last July 24th, suspended from July 25th, after the resumption of December 29th trading after a continuous fall of 28 words, the total of 29 consecutive falls, so that the record of the continuous fall of A shares has been refreshed. ST Bao Qian has 29 consecutive falls Deficit or problem stocks continued to decline, often after the resumption of long-term suspension. *ST Hua Ze suspended from March 1, 2016 and resumed trading in March 21st this year. After 2 years of hard work, the small and medium-sized shareholders, however, welcomed the more than 20 consecutive word limit ups after the resumption of *ST Hua Ze. Taking into account the *ST Hua Ze annual report dystocia, small and medium-sized shareholders face word limit, before the suspension in May 2nd, it is difficult to find cut meat opportunities. Look at *ST Zhong An, ended the suspension after more than 5 months, resumed in May 31st last year, then the word limit. The stock was suspended again from June 9th to September 12th last year to plan the sale of assets, but it continued to decline after resumption of major asset restructuring issues. For the poor investors, the risk of losing shares or problem shares is a nightmare. Once the continuous limit is opened, it does not mean that the opportunity to catch the bottom will come. For example, *ST Zhong An ended its continuous limit in September 29th last year, and its share price has dropped by more than 50%. Today, A share value investment has gradually become the dominant force, and ST shares are hard to play again. Photo source: a perturbed net (unrelated to graphics) On the other hand, the buying action of ST investors at the specific stage will take place. According to the securities times, Wu Lijun lawyer Wu Lijun, Shanghai Cambridge law firm, pointed out that the two CSRC investigation of the CSRC may point out that the company is suspected of borrowing in its own name, and then borrowing does not enter the companys account, in external circulation, and lending to the affiliated parties. According to the listing rules, the borrowers of related methods need to disclose more than a certain amount of money. From the current evidence, it is far beyond this standard. Wu Lijun believes that for the ST investors, the buyers who buy and hold in the period between July 9, 2017 and January 25, 2018 can take part in the claim litigation. We will bring a claim in May or June on behalf of the people of Yu Fu, to safeguard the legitimate rights and interests of the people of the company, and to stop the infringement of the information disclosure of the investors by the listed companies. It is reported that the legal jurisdiction of ST Yu case is the intermediate peoples Court of Hangzhou. Just last month, Wu Lijuns lawyers representative Zhao Weis false statement claim case was accepted by the Hangzhou intermediate peoples court. (Disclaimer: This article is for reference only, does not constitute an investment proposal, and operates on this risk.) this is the source of this article: Daily Economic News responsibility editor: one _NN9138 of Fan Jiang. On the other hand, the buying action of ST investors at the specific stage will take place. According to the securities times, Wu Lijun lawyer Wu Lijun, Shanghai Cambridge law firm, pointed out that the two CSRC investigation of the CSRC may point out that the company is suspected of borrowing in its own name, and then borrowing does not enter the companys account, in external circulation, and lending to the affiliated parties. According to the listing rules, the borrowers of related methods need to disclose more than a certain amount of money. From the current evidence, it is far beyond this standard. Wu Lijun believes that for the ST investors, the buyers who buy and hold in the period between July 9, 2017 and January 25, 2018 can take part in the claim litigation. We will bring a claim in May or June on behalf of the people of Yu Fu, to safeguard the legitimate rights and interests of the people of the company, and to stop the infringement of the information disclosure of the investors by the listed companies. (Disclaimer: This article is for reference only, does not constitute investment advice, and is based on operational risk).