"But it is not for the purpose of listing and fictional performance, the transaction is real, the projects that have been questioned by the media have been successfully completed; the price is also fair, and Qinshang Optoelectronics has no incentive to transfer benefits to employees." Li Xuliang told reporters.
Dual role of the enterprise
On April 2, Qinshang Optoelectronics officially issued a clarification announcement, acknowledging that it was related to Pinshang Optoelectronics and Barton Lighting, and the transactions that occurred were related transactions.
“The market characteristics of the early stage of the LED lighting application market are based on demonstration projects. The single project is large but lacks continuity. The company allows employees with market resources to set up or form a company with partners before listing. Regarding LED engineering projects." Qinshang Optoelectronics' clarification announcement believes that this is the original intention of Huang Canguang and Jia Guangping's direct or indirect investment products, Shangguang and Barton Lighting.
"In the years before Qinshang Optoelectronics went on the market, LEDs were not new; but for the sales terminals, expensive LEDs are still not widely understood." Li Xuliang told reporters that from the sales model, Qinshang Optoelectronics had previously taken The three modes are engineering direct sales, sales through holdings, shareholding companies, and third-party sales.
"Whether it is a white cat or a black cat, catching a mouse is a good cat." Li Xuliang believes that LED is an emerging industry. In the early stage of the industry, enterprises are not only the manufacturers and sellers of products, but also need to assume the role of market breeders. The dual identity is an inevitable factor in the related transactions of Qinshang Optoelectronics. "Like me, most entrepreneurs in the LED industry are engaged in technology research and development and market cultivation all day long. The rules for the capital market are almost blank. Employees can bring orders to enterprises because they directly contact the sales terminals. At that time, in order to expand customers faster and seize the market, the company also encouraged employees with market resources to set up their own or form a company with partners to undertake LED engineering projects."
"The mistakes we all bear, paying tuition is the right thing to do," Li Xuliang told reporters that since the incident, he has been in self-blame and introspection. "In addition to the media questioning, we conduct self-examination, one time will be The cockroaches are all solved."
"I admit that the related party transactions have not been disclosed, and the reasons have not been explained too much. However, there is no need and no motivation for us to make up the performance and fraudulent listing." Li Xuliang responded to reporters about the question of whitewashing performance and fraudulent listing.
How big is the ticket?
The reporter inquired about the statistics of Qinshang Optoelectronics Prospectus, and the total amount of related transactions between Pinshang Optoelectronics and Barton Lighting from Qinshang Optoelectronics from 2008 to 2011 was 78.596 million yuan, accounting for 2.103 billion yuan of total operating revenue of Qinshang Optoelectronics in the past three years. 3.57% of the yuan.
According to the data, Qinshang Optoelectronics was listed in November 2011, of which more than 20 venture capitalists rushed into the market. After the listing, nearly 50 public funds and social security funds bought, becoming the star company in the eyes of investment banks.
"From the perspective of a large number of institutions, Qinshang Optoelectronics has a very low probability of listing through fundamentals. The LED industry is very large. Qinshang Optoelectronics currently receives 800 million yuan a year, which is a veritable leading company. Under the background of the industry with declining gross profit, the company still grows steadily every year. If it is a fake listing, then the overdraft performance needs to be compensated, and there will be a change in performance and no sustained high growth.†The aforementioned investment bank believes that the corporate IPO, the management of the company’s management Behind the scenes, the growth rate of performance has greatly widened the distance between operation and management. In the capital market, it has been enlarged.
The investment bank believes that according to the "Shenzhen Stock Exchange SME Board listed company public condemnation standards" "Shenzhen Stock Exchange Listing Rules (2012 Revision)", the related transactions that Qinshang Optoelectronics did not disclose are far from administrative punishment. The standard, "the regulatory level is very strict with the approval of the letter, especially the timely disclosure of related transactions, but more emphasis on the authenticity of the transaction and the fairness of the price, it is expected that the regulatory level will require Qinshang Optoelectronics to disclose and issue a rectification report." The investment bank said that the letter of Qinshang Optoelectronics was similar to the previous few days, but the transaction amount and the proportion were smaller, and the company’s shares were only closed with a rectification report.
Li Xuliang said that with the energy conservation and environmental protection deeply rooted in the hearts of the people, the LED industry is in a high-speed development cycle, from the Ministry of Industry and Information Technology to all provinces and cities, are vigorously promoting LED lighting, "March to June is the peak period of the LED factory tenders of various provinces and cities, we also want As soon as possible to deal with the crisis, the whole body invested in bidding, from the first quarter, the performance of steady growth, but the total order growth is good, 2013 should be better than 2012."
( This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED . Readers need to verify the relevant content by themselves. )

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