What is Lantian stock?

ST ecology is Lantian shares before the name change. Blue Sky once created the enduring myth of China stock market. After 1996 was issued and listed, it has maintained a magical growth rate in financial figures: the scale of total assets has grown from 266 million yuan before listing to 2.838 billion yuan at the end of 2000, an increase of 10 times, and the annual report performance over the years has been above 0.60 yuan per share. The maximum is 1. 15 yuan. Even after the catastrophic flood of 1998, the earnings per share reached an incredible 0.8 1 yuan, creating a rare "blue sky myth" for agricultural enterprises in China, which was once called "the first agricultural stock in China".

What really solves the mystery of Lantian's performance is the annual report of ST Eco-200 1. In the past three years, the financial indicators have changed greatly: the income from main business has increased from 65.438+0.99 yuan before adjustment to over 24 million yuan after adjustment to over 65.438+0.84 billion yuan before adjustment in 2000. After adjustment, the main business income is less than the fraction before adjustment. After the adjustment of net profit and earnings per share, there was a "big shift", and all the data turned from positive to negative. Lantian shares have also changed from "blue chips" to "junk stocks"!

It is not difficult to see that as the largest shareholder of Lantian, China Lantian Company has been using Lantian as a money-circling machine, and the flow of funds is like "from left pocket to right pocket". The main purpose of Qu controlling Lantian Company is to make money. The whole blue sky company owes the bank more than 2 billion. Blue Sky Company is already an empty shell with negative shareholders' equity.

However, investors know nothing about this. With the revelation of Liu Shuwei, the myth was shattered. Changed its name to ST hat wearing eco-agriculture, and its share price has been falling from 24 yuan to 3 yuan in 2003. In April 2003, it was announced that the listing would be terminated if it continued to lose money. So far, the investors involved have had a nightmare.