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Chapter 166: Seriously underestimated

Chen Qiaoshan and Li Su have been fighting until now, and they have never decided whether it is right or wrong or lose.

It's no wonder that the two people who were originally irrelevant were a bit inexplicable when they thought about it carefully.

The two of them were making trouble, but they did not burn the war on Delong's head.

Chen Qiaoshan didn't mention the Delong faction at all, and with his deliberate guidance, the two of them slowly turned aside.

Li Su accused Chen Qiaoshan of making a name for making a mistake, smearing listed companies, and affecting Delong's business reputation.

Chen Qiaoshan said that Li Su did not understand economic laws.

Li Su accused him of bombarding Delong, without any factual basis.

Chen Qiaoshan said that Li Su was inferior and would not read the financial report.

...

Chen Qiaoshan refused to admit Li Su's accusations. He just kept questioning Li Su's academic level. How could people tolerate this?

So, the two of them gradually shifted to questioning each other's economic literacy, which was exactly what Chen Qiaoshan thought.

He just talked about not practicing fake moves, so he directly proposed to make a bet with Li Su.

Don’t you call yourself an economist? Then let’s stop fighting. It’s a bear market now, so let’s just see the truth in the stock market.

Of course, running naked on Chang'an Street is a gimmick, and no one will take it seriously.

Even if you really want to go, the police may not be able to agree.

Chen Qiaoshan originally wanted to make a big deal, but the result was just as he wished, and the matter was really big.

Nowadays, the Internet supervision is not strict, and the bet he proposed has been openly launched on the Internet.

The bet is very simple. Li Su claims to be the most professional management consulting expert in China. Then read the annual report. The bet between the two is about the annual report of listed companies.

Chen Qiaoshan proposed that all A-share companies can choose from to see who can take the lead in finding a listed company with problems with annual reports.

His bets are very tricky. There are many problems with listed companies, and very few can see the tricks from the financial reports.

I won’t talk about the importance of the financial report, and the process of issuance cannot be ignored.

Don’t say that the financial report is not a problem, even if there is a problem, it has been dealt with by professionals long ago. How can people find out the problem casually?

Of course, this bet is not as simple as it seems.

There is actually a trap hidden in this.

If there are problems with the financial reports of listed companies, most people must be suspected of fraud. But in fact, some financial reports are legal and unreasonable. The stock prices of such companies are basically seriously undervalued.

When they saw the content of the bet clearly, most people subconsciously believed that Peking University Qiaoshan had found a new goal, and they didn’t know which listed company was going to be in trouble.

It is no wonder that the problem of Southern Securities embezzlement of margin is exposed from its financial report.

After this battle, no one will question Chen Qiaoshan's level of financial report.

However, there are many people who are wondering about it. Why can only he see the problem in front of everyone? Can those professional accounting personnel be arranged?

Li Su lost his voice for a moment and did not react at all to the bet proposed by Chen Qiaoshan.

There are so many listed companies, and as the main service object, the job of consulting companies is not as simple as it seems. Li Su naturally knows the inside story of many companies.

But it is known that it is one thing, but it is another that it is revealed.

Li Su didn't say anything this time, watching coldly, and couldn't help but sneer in his heart. He was just waiting to see Chen Qiaoshan's joke.

...

Chen Qiaoshan was not surprised, he had expected this to be the case.

This is the normal reaction, which is in line with Li Su's usual style of conduct.

From the fact that you can speak out by helping Delong, you can see that Li Su is a person who seeks profit and avoids harm.

Professor Yan didn't dare to mess with him, let alone major listed companies. He was the parents of the management consulting company. Naturally, Li Su would not take the initiative, otherwise he would have a bad reputation and how could he make a living.

Although the other party did not respond to the challenge, Chen Qiaoshan was not idle either. Betting was an excuse, and hype was the goal.

The goal of hype is Guotou Electric Power.

Chen Qiaoshan has been busy these days, collecting and sorting out information about Guotou Electric Power.

Unfortunately, there were too many things involved and a little complicated. He couldn't figure it out for a while, so he could only pull Yan Xiaoqin to help.

Guotou Electric Power is a listed company, so it is not very accurate to say this.

To be precise, Guotou Electric Power is a listed company with extremely serious losses, at least this is shown in their first half financial report released in August.

Chen Qiaoshan knew that this financial report was actually a problem.

Not only are there problems, but also serious problems.

"Chen Qiaoshan!"

Chen Qiaoshan's busyness was interrupted, and he was attracted by Yan Xiaoqin's greetings.

"What's wrong, what have you found?"

Yan Xiaoqin looked a little unnatural, and her face was inexplicably covered with a layer of redness.

"What's wrong with you?" Chen Qiaoshan asked again.

The two are currently in the electronic reading room and searching for news related to Guotou Electric on the Internet. It is very strange that Yan Xiaoqin is doing this in public.

Hearing Chen Qiaoshan's questioning, Yan Xiaoqin showed a strange look on her face and said word by word: "You are too disgraceful!"

Her tone was very cute, as if she was acting coquettish and complaining. Coupled with her expression of anger and smile, Chen Qiaoshan's bones instantly became three points.

This situation is not common. Although Yan Xiaoqin has a gentle temperament, she rarely reveals her childish appearance.

Chen Qiaoshan couldn't help but feel dizzy and asked stupidly: "What's wrong?"

Yan Xiaoqin also noticed his strangeness, couldn't help but glar at him, then pointed to the crt monitor screen in front of him and said, "You can see it yourself, it's so embarrassing!"

Chen Qiaoshan straightened up, glanced at the computer screen, and then realized that she was talking about the bet between her and Li Su.

"I was shocked, I thought you were talking about something big!"

Yan Xiaoqin said angrily: "Isn't this a big deal? You are too unfair, how can you make such a bet with others?"

Chen Qiaoshan asked with a funny look: "What kind of bet is made?"

Yan Xiaoqin gave him a blank look, ignored his words, and said, "What do you think? If this spreads in school, how can you see people in the future?"

"What's the matter? I just said that. Besides, our school has not done anything about performance art, and we haven't seen anyone else."

Yan Xiaoqin couldn't help but widen her eyes, full of incredible things, "Why haven't I seen it before?"

Chen Qiaoshan suddenly turned black and said that he didn't take his boyfriend seriously.

"It's not easy for you to see it. Let's find a room alone and I'll show you!"

As expected, he aroused another scolding, but that was all that.

Yan Xiaoqin really had no choice but to deal with Chen Qiaoshan. She had to slowly adapt to her boyfriend who could make trouble.

...

After working hard for several days, Chen Qiaoshan finally straightened out the matter.

The matter of Guotou Electric Power is actually very simple. This listed company was originally called Xinghua, Hubei Province, and it was a company that had just completed the transformation of state-owned shares.

This company is not large in scale and has poor performance. It has basically either losses or small profits for several consecutive years. Although it is not a st-level label, its performance is barely enough.

The incident occurred in 2002, when Xinghua, Hubei Province implemented a major asset restructuring.

It may be a bit inappropriate to say that the restructuring may be an asset replacement.

Just last year, the country issued a plan for the reform of the power system, led by Guotou to replace all the assets of Xinghua, Hubei Province with part of its power assets, realizing major asset restructuring.

To put it bluntly, it is actually Guotou that invested several of its branches to go public through backdoor listing.

After the asset restructuring was completed, Xinghua, Hubei Province completed its headquarters relocation and finally renamed "Guotuan Electric Power".

Although Guotou Power has completed asset restructuring, there are still many problems.

During the restructuring process, the newly formed Guotou Power suffered the debts and losses of Xinghua, Hubei Province in the past.

Although the newly incorporated companies are all high-quality electric companies, they did not generate actual profits during settlement, so they suffered serious losses in the annual report last year.

In the latest first half annual report released by Guotou Power, there were large losses.

However, this loss is unfair and is not caused by its own business.

Just at the beginning of 2003, the State Council issued a plan for electricity price reform, and Guotou Power was involved in it, and the annual report disclosed entirely was a policy loss.

Chen Qiaoshan knew that Guotou Power's asset restructuring was successful, but the journey was very sad.

A high-quality electric power company went public through backdoor listing, but due to various majeure factors, it caused losses for two consecutive years and was eventually labeled as a st. This is a completely tragedy.

Chen Qiaoshan has read sporadic reports about Guotou Electric Power before. This time he learned about it in depth and was shocked.

The three main appliance companies were incorporated into Xinghua, Hubei Province, and they were all water and electricity companies.

According to the information found by Chen Qiaoshan, in 2001, the total net profit of the three companies exceeded 400 million yuan, but when the merger was merged, the asset divestiture was carried out, so the books on the first year were so ugly.

Later, when the State Council issued a new policy, causing policy losses, it was a coincidence that two consecutive losses were caused, causing the stock price to be seriously underestimated.
Chapter completed!
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