Puyang Bearing "No Business" was mocked

Recently, Xiangyang Bearing plans to raise no more than 686 million yuan for the first-phase construction project of the Third Ring-Shaft Industrial Park. However, investors have pointed out that it has used large amounts of funds for securities investment in the past two years, and since 2010 almost every reporting period All are losses. There is money to invest in stocks, but no money to do the main business, which allows investors to "squeak" one.

Fuyang Bearing has lost its investment in the past two years. Liyang Bearing is mainly engaged in the production, research, and sales of bearings and its components, auto parts, electromechanical equipment, bearing equipment and spare parts. The reporter read the report of Fuyang Bearing for the past four years and found that Fuyang Bearing is a "senior shareholder." In 2007, 2008, and 2009, Fuyang Bearing had almost every quarter of the report has a securities investment record, the company's investment in 2007 - 2009 The gains were fairly good; but by 2010, luck had not been so good. The securities investment in each reporting period had suffered losses.

In the first quarter of 2010, Puyang Bearing held China Railway Group and a small amount of other stocks. The total purchase cost was 21,488,800 yuan, and the loss during the reporting period was 1,592,000 yuan. In the semi-annual report of Shenyang City, the company announced that it holds China Railway Group and China Merchants Shipping. , ST Changyu and other five stocks, the cost is 26.0085 million yuan, a loss of 7.0561 million yuan during the reporting period; and the 2010 third quarter report shows that its quarterly investment has 7 stocks, the investment cost is 89,822,200 yuan, the quarter loss 498.23 Million; 2010 annual report shows that Xiangyang Bearing invested 4 stocks in the quarter, with an investment cost of RMB 23,464,400 and a loss of RMB 5.0953 million in the reporting period. By 2011, the market continued to fall. Although Shenyang Yangchen tried its best to convert stocks into shares, it failed to recover the trend. In the three reporting periods, the stocks all suffered losses.

“Gao Shaobing (Chairman of Fuyang Bearing), a gentleman does not stand under a precarious wall!” Some investors advised. "Hey, the level is too bad. You should change an investment analyst. If you don't, please ask your sister to help you." There are also investors who laugh at it.