A number of business data in Beijing Tongmei is suspicious, and the former company's former company has involved insider trading

[Global Network Zero Observation] Beijing Tongmei Crystal Technology Co., Ltd. is mainly engaged in the research and development, production and sales of phosphorized substrate, gallium gallium cricket substrate, lining, PBN materials and other high -purity materials, and can be used to produce radio frequency Device, light module, space solar cells and other devices, the company is currently applying for listing on the science and technology board.

According to the prospectus, AXT, the controlling shareholder of Beijing Tongmei, was listed on NASDAQ in May 1998. It has not engaged in specific business. Only through Beijing Tongmei to develop phosphate substrate, gallium arsenide substrate, lining, PBN materials and PBN materials and The research and development, production and sales of other high -purity materials. Therefore, Beijing Tongmei's launching department NASDAQ listed company AXT split its main assets and all businesses on the Shanghai Stock Exchange Science and Technology Board.

Public information shows that AXT's market performance in NASDAQ's listing transactions is not good. In 2021, it fell 7.94%throughout the year, and this year has fallen sharply by 35.3%. At present, the total market value of AXT is only about $ 240 million, which is equivalent to 1.6 billion yuan. RMB around. In contrast to this, Beijing Tongmei applied for the listing of the fourth set of listing standards on the science and technology board listing, which is the "market value and financial indicators" conditions. Among them, the estimated market value is not less than RMB 3 billion. This Almost twice the total market value of AXT, which is almost equivalent to 85%of Beijing Tongmei.

According to AXT data, in the first quarter of 2022, the company's operating income increased by 26.48%year -on -year. The net profit of Beijing Tongmei in 2020 and 2021 also showed a significant increase year -on -year, which also indicates the performance of Beijing Tongmei in 2022.

In this regard, Beijing Tongmei's interview with reporters replied that the company and AXT and AXT have a certain difference in specific accounting processing and financial information disclosure due to different accounting standards and different regulatory requirements. At the same time, due to the investment in China and the United States The composition of the person is different from the investment concept of the semiconductor industry and the specific situation of the capital market. The market value of AXT in the NASDAQ market in the United States is different from the issuer's forecast market value of the issuer on the Chinese science and technology board.

One of the core products of Beijing Tongmei is a gallium arsenide substrate. The output from 2019 to 2021 is 1.789 million, 2.583 million, and 30.668 million pieces. Its core raw materials are metal crickets. 37.61%of the total procurement in 2021. However, the purchase amount and purchase unit price of the metal cymbal disclosed by the prospectus have fluctuated in the past three years. Following normal production and operation logic.

It is worth noting that the prospectus disclosed that in order to solve the competition of the same industry and integrate business resources, Beijing Tongmei carried out asset reorganization in December 2020 and acquired Beijing Boyu, Baoding Tongmei, Chaoyang Tongmei, Nanjing Jinmei and Chaoyang Jinjin Jinjin 100%equity. The prospectus disclosed at the same time that the aforementioned company's net profit in 2021 was 27.626 million yuan, 42.9494 million yuan, -1137,600 yuan, 1911.07 and 25.5017 million yuan. The total net profit of several companies acquired in 2021 was as high as 1 More than 100 million yuan, far more than 2021 Beijing Tongmei net profit of 94.0345 million yuan. This also means that if the equity of the five companies is not acquired, Beijing Tongmei is essentially in a state of losing money, and the operating income will also be difficult to meet the "In the last year's turnover of the last year is not less than 3 in the last year. The requirements of 100 million yuan.

In addition, the secretary of the board of directors of Beijing Tongmei was Song Jing, who joined Beijing Tongmei in December 2020. Before that, from October 2010 to October 2018, he served as a representative and supervisor of Beijing Jinyi Cultural Development Co., Ltd. , Vice President and Secretary of the Board.

On October 12, 2018, the official website of the Securities and Futures Commission released news. It was found that Huang Qinjian was a director of Jinyi Cultural Holdings subsidiary and participated in the related negotiations of the 100%equity of Jiefifu Jewelry. The inside story of the securities account controlled by it traded the "Golden One Culture". The Securities Regulatory Commission pointed out that insider trading illegal actors use information advantages to steal illegal interests, seriously damage the rights and interests of investors, and undermine the order of the securities market, and must be severely punished. The Securities and Futures Commission will continue to crack down on the illegal acts in the field of the field and conduct severe investigations and punishments of various insider trading illegal actors.

When Song Jing left as the vice president and secretary of the board of directors in October 2018, it was a sensitive period that Jinyi Cultural Assets reorganized and received the inquiry letter of the Shenzhen Stock Exchange. Zhong said that Song Jing did not involve insider trading violations and was not punished by the CSRC and the exchange.

- END -