The problem lies in the operating costs and management expenses in the fourth quarter, achieving the same revenue level as in the third quarter. In the fourth quarter, operating costs increased by 654.38+0.3 billion, and management expenses increased by 654.38+0.3 billion. Are you kidding?
Just because the financial reports of the first, second and third quarters need not be audited, South China University of Technology Co., Ltd. casually compiled the first three quarters, and then the annual report came to a final adjustment. Regulators also acquiesced in the game.
However, South China University of Technology killed the fat sheep with this trick. The way of quantity is to deliberately create the illusion of high growth in the first three quarters and then adjust it in the fourth quarter. In this way, the stock price has a certain operating space in the first two quarters.