Recently, A-share notices punished a number of listed companies for financial fraud, such as Jin Tongling (300091), *ST Meishang, and Tefa Information (000070). Among them, Jin Tongling's total inflated income exceeded 1.1 billion yuan and inflated profits exceeded 400 million yuan in four years.easyplaytoearncryptogames;*ST Meishang was exposed to nine years of financial fraud, and was blunt when asked by the China Securities Regulatory Commission: "We faked the listing, and everything is fake." Industry insiders pointed out that during the investment process, attention should be paid to avoiding companies with explosive performance, especially to conduct comprehensive analysis of indicators such as profitability, cash income ratio, and goodwill to net asset ratio.
Good companies and good prices are the key to investment, so be wary of blindly catching up with excessively high premium stocks. For example, Lucky's caffeine financial fraud was exposed. In contrast, industry leader Starbucks performed poorly due to the impact of the epidemic during the same period. In addition, if a company has more monetary funds, more liabilities, a low cash income ratio, and a high goodwill and net asset ratio, it is a potential financial risk signal. Paying attention to the main business profits, being wary of false increases in non-main business profits, and paying attention to details such as company executive changes, auditor changes, related transactions, and institutional shareholding ratios can help investors more comprehensively and accurately assess the financial situation of listed companies. and potential risks.
Keywords explosive performance, cash income ratio, goodwill and net asset ratio bearish (bearish) The company has explosive performance, with a cash income ratio of less than 100%, and goodwill and net asset ratio of more than 50%. These characteristics imply financial problems. It's explosive... Risk warning for Hexun's self-selected stock writers: The above content is only the author's or guest's opinion, does not represent any position of Hexun, and does not constitute any investment advice related to Hexun. Before making any investment decision, investors should consider the risk factors related to investment products based on their own circumstances and consult professional investment advisers when necessary. Hexun strives but cannot confirm the authenticity, accuracy and originality of the above content, and Hexun makes no guarantee or commitment in this regard.
