IPO: Counterfeiting And Listing Of Jewellery Companies Is Rampant

　　 1, Dongxing securities IPO dilemma business is highly concentrated in Fujian debt ratio Rising for three years in a row

The debt ratio of Dongxing securities showed a rapid upward trend. In 2011, its asset liability ratio (parent company) was 18.74%, rising in 2012 to 41.08%, and continuing to rise to 47.67 in 2013, and its debt rate continued to rise in three years.

One commented: Dongxing securities commission income accounts for 70% of net income, and the commission rate is around 7, where is the commission rate of 7?

　　 2, Chongqing construction IPO: more than 18 billion of the debt ceiling debt ratio is high.

Black cat coking realized the growth of the camp's revenue, but the net profit realized has greatly shrunk. The main business is coke, but the gross profit margin of coke continues to decline, and the net assets liabilities ratio is as high as 70%.

One sentence comment: the state emphasizes the elimination of backward production capacity, why should we counter the trend to expand production?

　　 3, Chen-pao Island IPO: nearly 1/3 raise the amount of repayment of short-term debt repayment ability worrying.

The short-term liabilities of Chen-pao Island in 2011- -2013 were 136 million, 365 million and 965 million respectively, with a soaring rate of 168% and 164%. Most short-term liabilities are mortgages and credit guarantee loans. Chen-pao Island's assets and liabilities ratio is the highest in the same industry, close to 40%.

One comment: raise funds to repay debts first. Chen-pao Island is the most needed listed company.

　　 4, the top nine biology was canceled before the audit. Gem First trial after reopening

The top nine companies are the second companies that have been cancelled this year, and the first quasi gem company to be canceled. The top nine companies are the second companies that have been cancelled this year, and the first quasi gem company to be canceled.

One comment: it is puzzling or that the three projects of the investment promotion were approved in 2011. When the company had enough funds, why did they not invest in the project?

　　 5, leasing workshop implementation Recruitment and investment projects Tianlong ELECTRONICS keeps worrying

As a manufacturing enterprise, a large number of factories are leased from the lease. And this project to raise funds to invest in the implementation of the main body of the rental plant. In addition, the rapid growth of accounts receivable also adds haze to its entry.

One comment: leasing companies and outsourcing companies have many listed companies, but the large area of the leasing plant will undoubtedly bring unfavorable factors to the long-term and stable development of enterprises.

　　 6, chanting jewelry revenue declined year by year, the volume of related transactions remained high.

The company's business is regionally limited, and Jiangsu's market contributes about 75% of its revenue. As jewelry Brand Company, there are only 5 people in the design team, far less than peers. At the same time, after the first big supplier of Tongling jewelry became the strategic investor of the company, the related transactions between the two sides became more frequent.

One comment: Tongling jewelry is dedicated to creating jewelry that is worth collecting for the next generation and providing high-end custom jewelry services for customers. So high-end custom jewelry services are the 5 designers?

　　 7, the collection of gold and silver jewelry: jewelry companies listed on the market fraudulent flooding

The company has fewer direct stores, resulting in lower gross margin and sales cost of the company's self run stores than those with direct outlets. In 2010, the overall sales cost rate of the company was 4.33%, and the proportion of self service store sales and self run store revenue was 5.94%, which was lower than that of Chao Hong Ji in 2010, and the sales cost rate was 18.22%.

One comment: the low sales cost of the Millennium Star can only account for the fake income of its own business, or the concealment of self employment income. If the cost is real, the revenue will be fictitious; if the income is real, the cost will be concealed.