After investigation, it was found that a large number of facts were inconsistent with the new land prospectus, and its alleged inflated profits, concealed related party transactions, and financial report data fights were shocking. Generally speaking, it includes the following seven aspects:
First, the income from the main business is seriously insufficient to pay the production cost; Second, the consumption of organic fertilizer on tea residue is far below the minimum standard of technological process; Third, among the 22 customers involved in the top ten customers of New Earth in the last three years, it was found that nearly 10 customers had related transactions and may have false transactions. Fourth, as the "main force" of the Beijing market that has made outstanding contributions for three consecutive years, three important customers, including Beijing Hefeng Trading Co., Ltd., are strangely pointing to Zhao; Fifth, Meizhou Tea Oil Store, as the best core customer and the largest tea oil customer for three consecutive years, was once owned by Huang Shuangyan, a niece of Huang, on 20 10, but the prospectus was falsely recorded; Sixth, as a group of core customers who have made the most outstanding contributions for three consecutive years, they pointed their finger at another related party, Huang Xianxian, and deliberately concealed it, as well as the "Ma Jiajun" behind it; Seventh, Zhao, as the signing ceremony of capital verification of New Earth, also serves as the president of Da 'ang Group, the third largest shareholder of New Earth. Daang Group holds 6.3346 million shares, which will increase tens of millions or even hundreds of millions of yuan of wealth due to the listing of the new land, and there is a major conflict of interest.
It is really shocking that the chaos exposed by Xinfadi is so serious and the means are so rich that it is called the first case of fraudulent listing on GEM.