This is a huge and complex network, supported by ginseng trade, with complicated upstream and downstream relations and confusing customer information, which finally points to the actual controllers of listed companies and their related parties; This is another secret operation method. With the help of Jilin ginseng industry planning policy, it has not been actively used. Instead, it is used as a tool to register shell companies, conceal related transactions, and buy and sell live goods.
In the past year, Angel Pharmaceutical has made amazing achievements because of its involvement in ginseng business. 20 10 earned 640 million yuan, up 15 1%, and its net profit was 654.38+73 million yuan, up 184%. In the first half of this year, Angel Pharmaceutical made persistent efforts to achieve revenue of 370 million yuan and net profit of 1. 1 1 billion yuan, up by 226% and 325% year-on-year.
In response to its performance, its share price soared. Since the second half of 20 10, it has soared by 300% in more than one year, and a magnificent bull market has been staged. During this period, the company successfully issued additional shares at a high price, and refinanced 654.38 billion yuan.
With the introduction of the concept of ginseng, the performance and share price both soared, and Angel pharmaceutical industry attracted strong attention from the market, including a large number of professional investors. Since the end of 20 10, a number of brokers including changjiang securities (8.87, -0. 18,-1.99%) and Guohai Securities have published more than ten research reports on Angel Pharmaceutical, all of which focus on the ginseng business of Angel Pharmaceutical. Among them, the words such as "ginseng leading roaring forward", "ginseng can live strange goods", "detonating profit growth point" and "rapid profit growth" are not uncommon, and they are all rated as "buy" and "recommendation".
But is this really the case? Is there any mystery behind the rapid expansion of performance? In order to restore the true colors of Angel's pharmaceutical industry, shanghai securities news recently sent four journalists to investigate in seven counties and cities including Changchun, Tonghua, Liuhe, Panshi, Yanji, Miyi and Bozhou in the four provinces of Kyrgyzstan, Sichuan and Anhui.
Angel "Phantom" Behind Big Customers
According to the 20 10 annual report of Angel Pharmaceutical Co., Ltd., the top five customers of the company's operating income are Sichuan Pingda Biological Products Co., Ltd., Bozhou Rubia Medicinal Beverage Factory, Jilin Zhengde Pharmaceutical Co., Ltd., Tonghua Lifa Ginseng Trading Co., Ltd. and Tonghua Wenbo Ginseng Trading Co., Ltd., which together bring 230 million yuan in revenue to Angel Pharmaceutical Co., Ltd., accounting for 36%.
The reporter consulted the regular reports of Angel Pharmaceutical over the years, but none of the above companies showed up. Compared with the annual report of 2009, the cumulative purchase amount of the top five customers of Angel Pharmaceutical was less than 27 million yuan, accounting for 65,438+00% of the operating income of that year. 20 10, a year of soaring performance, gave birth to five major customers, and their backgrounds were quite mysterious.
At the critical moment of private placement and the lifting of the ban by major shareholders, mysterious customers have brought amazing profits and pushed the stock price soaring to record highs. In the meantime, what kind of secrets are hidden? Is there an ulterior "black-box operation"?
After investigating a lot of information, shanghai securities news reporter found that these big customers had many connections with Angel Pharmaceutical before. In the end, many companies directly point to Guo Chunsheng, the actual controller of Angel Pharmaceutical, or his family. There is no shadow of Angel Pharmaceutical and its related parties in the registration, alteration, senior management and shareholders of these companies.
The biggest customer-Sichuan Pingda Bio-has been the shadow company of Angel Pharmaceutical.
There is a serious mismatch between purchasing ability and operating conditions.
According to the 20 10 annual report of Angel Pharmaceutical Co., Ltd., Sichuan Pingda Biological Products Co., Ltd. is the largest customer, and * * * purchased products of 70,685,800 yuan, accounting for 1 1% of the total revenue. At the same time, from the disclosure of the balance of accounts receivable, Pingda Bio is not on the list, indicating that its purchase amount of more than 70 million yuan should be basically paid in full.
As the biggest customer who suddenly appeared on 20 10, what products did Pinda Bio purchase from Angel Pharmaceutical? Can Pindar Bio afford to pay for such a big purchase? Do you have the processing ability? To this end, the reporter came to Miyi County, Sichuan Province, where Pingda Bio is located.
According to the authoritative data obtained by the reporter, as of 201February 3 10, the total assets of Pingda Bio were 97160,000 yuan, the owner's equity was 46.04 million yuan, and the main business income in 20 10 was 3010. Judging from the above operations, it is not an easy task for Pingda Bio to spend more than 70 million yuan on Angel medical products in 20 10.
In fact, what the reporter learned at the scene also confirmed the above judgment.
The old factory area of Pingda Bio-production is less than 10 mu (the new factory area has not yet been put into production), the factory building is obsolete, and there are only a few bungalows in the production workshop. There is no scene of busy production in the factory. More than half of the workshops are not operated by workers, and only 10 workers work in the packaging workshop. In addition, the garbage piled up in the boiler room has obviously not been started for a long time.
"The boiler room can't be opened for two months a year!" A worker told reporters that the company's main products are Polygonum multiflorum tea. Because customers pay more attention to the production date when buying our tea, the earlier the packaging time, the better. Therefore, the packaging workshop is an assembly line, and the next batch of goods will be packaged as soon as each batch of goods is sold out. The only 10 workshop worker does not go to work every day. It is very good that the company can digest half of the purchased Polygonum multiflorum raw materials every year.
Many employees of Pingda Bio confirmed to reporters that except for some other Chinese medicine ingredients needed in the fermentation process, almost all the raw materials for production are Polygonum multiflorum Thunb, which were purchased from local farmers in Panxi area. According to the company's current plan, the company is seeking to introduce Polygonum multiflorum wine and Polygonum multiflorum foot-washing powder, but the raw materials are also from Polygonum multiflorum, which has nothing to do with ginseng and proprietary Chinese medicines mainly sold by Angel Pharmaceutical Co., Ltd., and it has never been heard that the company purchases a large number of raw materials from other provinces.
Changchun Capital nominally holds the actual secret of pharmacy.
With the deepening of the interview, an amazing news surfaced. When the reporter of shanghai securities news went to the office building of Pindar Bio in the name of customer inspection, a staff member of the company's marketing department inadvertently revealed to the reporter that the company has broad development prospects, especially after the intervention of a listed company named Angel Pharmaceutical in Northeast China, it will bring strong support to Pindar Bio.
Another employee of Pingda Bio also confirmed to the reporter that the actual controller of the company is from Jilin, and several newly-added natural person shareholders of the company are representatives of relevant stakeholders, and their cumulative shareholding has far exceeded that of Xie Yonglin, the founder and chairman of the company.
The employee also said that since the end of last year, Angel Pharmaceutical has sent many people as company executives. In addition to the chairman and general manager, the company's senior management, including the chief financial officer, changes almost every time. Tian Juan, the current vice chairman of the company, is the highest representative sent by Angel Pharmaceutical Co., Ltd., and has the greatest voice in the company. It is also an open fact within the company that Xie Yonglin, the founder of the company, has been reduced to a supporting role. At least three employees of Pindar Bio confirmed the participation of Angel Pharmaceutical.
According to the industrial and commercial information inquired by the reporter, Jia, Jia Xiaojing, Yang Lianteng, Shang Tiecheng from Changchun, Jilin, and Li Yu 'an and Ding from Anhui became new shareholders of the company in the past year. Compared with the previous shareholder changes, the registered capital of Pingda Bio has increased many times since 2003, while the shareholders and equity of the company have not changed much. Recently, it has undergone major changes. After the above seven shareholders joined Pindar Bio, their total contribution accounted for 52.42%. In addition, in July this year, Zhang Xiuli also spent 8.72 million yuan to increase its 8.46% stake in Pingda Bio.
The original shareholder's shareholding ratio of Pingda Bio is either greatly diluted or directly withdrawn. Xie Yonglin's original absolute controlling position was also lost in this shareholder change, and its capital contribution ratio was reduced to 24.45%. This also confirms the information disclosed by the employees of the above-mentioned companies to reporters from another side.
According to the information provided by the authoritative department, the above seven new shareholders Jia, Jia Xiaojing, Yang Lianteng, Shang Tiecheng are all from Jilin, the base camp of Angel Pharmaceutical.
It is worth noting that the residences of Jia, Jia Xiaojing and Yang Lianteng are all "No.701,Building 4, Hankou Community, Kuancheng District, Changchun City", and their total contribution ratio is 24.99%, which has exceeded.
In Changchun, Jilin, the reporter visited and found that the three people had moved out of the illustrated residence. Countless IOUs on the residence door also show that no one has lived here for a long time. According to the neighbors downstairs, the house is indeed owned by Jia family, but it is idle after buying a house in other high-end residential areas in the city.
It is worth noting that the names of Jia and Yang Lianteng also appeared in the IPO prospectus of the pharmaceutical industry. Jia is the investor of Dunhua Kangping Investment Co., Ltd., the controlling shareholder of Xinzi Pharmaceutical, with the shareholding ratio of 0. 13%. On June 9, 2004, 10, Kangping Investment also initiated the establishment of Jilin Dunhua Baolong Agricultural Engineering Equipment Manufacturing Co., Ltd. with a registered capital of 50 million yuan. Together with many shareholders such as Yang Lianteng,
Village Party Secretary Encountered "Unexpected Wealth"
Among the 7 new shareholders of Pingda Bio, except for 5 from Changchun, Jilin, there are 2 from Qiaocheng District, Bozhou City, Anhui Province, which contributed 3.58 million yuan and 4 million yuan respectively. Youpingda Bio-employees told reporters that the two Anhui shareholders are representatives of Qiancao Pharmaceutical, which is an enterprise controlled by Angel Pharmaceutical through its wholly-owned subsidiary Jilin Caohuandan Pharmaceutical Co., Ltd., and its full name is Bozhou Qiancao Herbal Beverage Factory, and its registered place is Qiaocheng District, Bozhou City, Anhui Province.
In order to understand the background of Pingda Bio, two natural person shareholders, the reporter rushed to Bozhou for field investigation.
According to the information kept by the industrial and commercial department, Li Yu lives in No.4 Dongbali/KLOC-0, Bali Administrative Village, Wuma Town, Qiaocheng District, Bozhou City. When the reporter drove to Bali village, the problem began. After getting off the national highway 3 1 1, there is not even a decent cement road leading to the village. After a few days of light rain, the dirt road has become a dirt road, uneven, and large and small puddles appear from time to time. You can see some villagers' houses on both sides of the path, which are basically brick houses made of red bricks, not to mention decoration, and some people even adobe houses.
The villagers told reporters that Li Yu' an is a local village party secretary. When the reporter came to his home, Li Yu 'an himself was not at home. His wife should have just come back from working in the field, and her feet are still covered with mud and barefoot. She told reporters that apart from arranging travel in the town, her husband has never been far away, and it is even more impossible to invest in any enterprise.
Li Yu's family is not rich. There is no decent household appliances in the bedroom except a shabby color TV, and Chinese herbal medicines are dried in the yard like other villagers. After calling Li Yu 'an, his wife told the reporter that he had something to do in Bozhou. In the face of the reporter's inquiry about Sichuan Pingda Biological Company, he admitted that he had never heard of it at all, and it was even more impossible to have money to invest.
According to the villagers, Li Yu 'an is the secretary of the brigade. He has worked in the village for twenty or thirty years, and his mind is simple. When the reporter asked Li Yu 'an whether to invest in a biological company in Sichuan or to do business outside, everyone thought it was impossible.
Obviously, someone stole Li Yu 'an's identity and invested in Pinda Bio. What is the purpose of the investors behind wanting to be invisible? What are the unknown secrets? Maybe only real investors know.
The process of finding Ding is particularly difficult. According to the address on the household registration book, the reporter found a lottery office, and the lottery seller said that he did not know Ding. The reporter asked the vendors nearby, and no one was familiar with Ding. What is even more incredible is that this man invested millions to set up a company in Sichuan.
"Our street is poor, and no one can start a company in millions! Her surname is Ding. Why don't you ask the following villages named Ding? There are several villages where almost everyone is named Ding. " An enthusiastic elder sister gave advice to the reporter.
With a glimmer of hope, the reporter drove to Dingdalou Village, and all the way was muddy dirt roads, which seemed to be poorer than the previous Bali Village. After many twists and turns, the reporter never found anyone familiar with Ding.
Shareholder information of Sichuan Pingda Biological Products Co., Ltd., the largest customer of Angel Pharmaceutical (20.7 1, +0.07, +0.34%).
Shareholder's name and domicile shareholding ratio (total 100%)
Qingpi Village, Panlian Town, Miyi County, Xie Yonglin/Group KLOC-0/2/No.KLOC-0/04, accounting for 24.45%.
Gate 2, Building 3 1 Rong Fan Road, Chaoyang District, Zhang Xiuli 103 14.5%
Jia Xiaojing 8.5%, No.701Building 4, Hankou Community, Kuancheng District, Changchun City
Yang Lianteng 70 1, 7.99%, Building 4, Hankou Community, Kuancheng District, Changchun City
No.701Jia 8.5%, Building 4, Hankou Community, Kuancheng District, Changchun City
Middle Gate 52, Floor 3, Building 47-30, Liu Yang Street, Lvyuan District, Changchun City
Ding 6.8%, No.85, Tangling North Road, Qiaocheng District, Bozhou City, Anhui Province
Li Yu 'an 14, Dongbali Administrative Village, Wuma Town, Qiaocheng District, Bozhou City, Anhui Province
6.09%
7 13, Unit 3, Building 37, No.20 Shayan West Second Street, Wuhou District, Chengdu, Cao Jianhua 6.26%
Tian Deying112 in Qingpi Village, Panlian Town, 3.52%.
Wang Yi, No.97 Shuyuan Road, Linwen Town, Renshou County 3. 13%
Xie Yongjun, No.49 Masangwan Community, Weilong Village, Baima Town, Miyi County 1.76%
(Source: Southwest United Assets and Equity Exchange)