Brief introduction of Yinguangxia incident

The full name of Yinguangxia Company is Xia Guang (Yinchuan) Industrial Co., Ltd., and the current stock name is ST Yinguangxia (000557). 1994 Yinguangxia Company, which went public in June, was once called "the first blue chip in China" because of its impressive performance and attractive prospects. In August, 20001year, Caijing magazine published the article "Yin Trap", which exposed the event of negative fictitious financial statements. According to the expert's opinion, what Tianjin Xia Guang exported to German Chengxin Trading Company was "impossible output, impossible price and impossible products". With the capacity of Tianjin Xia Guang extraction equipment, even if it runs overnight, it can't produce the claimed quantity; The export price of Tianjin Xia Guang extraction products is almost absurd; Some products in the export contract to Germany cannot be extracted by supercritical carbon dioxide extraction equipment at all.