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Chapter 517: Financial Fraud

"Mr. Wang, the news I just received was that "Incense" was successfully nominated for the Tokyo International Film Festival and was nominated for the Best Picture Award." Yu Rui suddenly called and told Wang Liu excitedly.

Wang Liu blinked, and was a little surprised while being happy. Before, the box office of "Incense" was a hit, and he realized that the quality of "Incense" should not be the only result, so Yu Rui sent the movie to the film festival to try his luck. Unexpectedly, he was really shortlisted.

"No, will you have a chance to win the award?"

"It's hard to say. If you can get a nomination, you will definitely have a chance to win the award. However, not only ours will be nominated, but it may not be able to win the award. However, even if you can't win the award, it is a success to be able to get the nomination." Yu Rui said optimistically.

Yes, Ning Hao, a newcomer, was nominated for the best film festival when he was just starting out, which is also an honor.

Wang Liu nodded and smiled, "If you can be shortlisted for the Tokyo Film Festival, you can be shortlisted for other film festivals. You don't have to put all your hopes on this opportunity. Even if you can't win the award this time, you can still try your luck at other film festivals.

You can find out more and see which film festivals are still available at home and abroad. You can send "Incense" one by one to try your luck. If you participate in more film festivals, you will always get an award."

Yu Rui smiled and said, "I think so too. I've asked all of them. In a few days, Hong Kong will hold an international film festival. Berlin, Munich, Manila, and Vancouver will also hold film festivals. At that time, "Incense" will be sent one by one, and there will always be a chance to win one or two awards.

If you have no objection, I will do it like this."

"Go." Wang Liu agreed casually and hung up the phone.

Before he could catch his breath, Li Xiangtao suddenly came over again. Wang Liu asked in confusion: "What's wrong?"

Li Xiangtao said: "Delong announced the third quarter financial report in the morning. Have you seen the news?"

Wang Liu raised his eyebrows and looked at Li Xiangtao and said, "Not yet, how are their performance?"

"The financial report shows that it is not bad. Delong Holdings' six listed companies achieved a total revenue of 7.3 billion yuan in the third quarter and increased their net profit significantly. They also claimed that this was the best time in their history. There was no overdue debt. The bank's disposable cash exceeds 1.1 billion yuan, and the company has abundant funds.

But I looked at the financial report carefully and found that their statements were suspicious."

Li Xiangtao said in a deep voice: "Take Tunhe Company as an example. The financial report released a total of 59 million yuan in the first three quarters. However, if you analyze the cash flow statement at the same time, you can find that the depreciation of fixed assets in the first three quarters was 62 million yuan, but when it comes to the profit statement, it has dropped to only 13 million yuan, giving up 49 million yuan. The part that is taken back alone contributed 49 million yuan to Tunhe.

It can be seen from this that the authenticity of this financial report is absolutely doubtful.

Also, Delong said that they have abundant funds and the bank has more than 1.1 billion yuan in disposable cash, but the ones who issued their deposit certificates were Zhuzhou Commercial Bank and Kunming Commercial Bank, both of which had been invested by Delong before.

Therefore, the authenticity of the certificates of deposit they issued for Delong is also subject to debate.”

Wang Liu looked at him and frowned slightly, "You mean, the financial report released by Delong... is fake?"

Li Xiangtao nodded solemnly: "There is definitely a possibility."

Wang Liu smacked his lips. At this time, he announced his financial report and made fraud. He wanted to use this to dispel the outside world's doubts about Delong's financial crisis, and then stabilize the stock price and alleviate the company's pressure?

The idea is pretty good, but this technique is too rough, right? Isn’t this taking the initiative to send a handle to him? If this is a solid point, it will definitely be enough to give Delong a fatal blow.

Wang Liu said decisively: "You go to an audit company and check it carefully to see if the financial report it has released is fake. If so, list all the fakes for me, and give Delong a surprise at that time."

Li Xiangtao nodded and said, "Okay, I'll do it later."

"How are you doing when you contact institutions that have invested in Delong?" Wang Liu turned around and asked again.

"I have contacted several companies, one of which has been successfully persuaded by me to sell the shares of the alloy company they hold. Do I need me to contact him and ask him to start selling now?" Li Xiangtao looked at Wang Liu and asked.

"Need not."

Wang Liu shook his head and smiled and said, "Good steel needs to be used on the blade. Now selling it now, it is hard to say what effect it can have. However, when the audit results come out, Delong's financial report will be faked. At that time, the two things will be attacked together, so that the effect can be maximized.

You go and communicate with him and tell him not to worry first, and wait until we hear our news before selling it."

"I understand, I must communicate with him." Li Xiangtao responded with a smile, paused and said, "There is another thing. Sina has also announced its third-quarter financial report when I saw it just before.

Total revenue in the third quarter was US$30.66 million, an increase of 18% over the previous quarter, but compared with the growth rate in the previous quarter, it fell by another 25%.

The performance in the last quarter was too impressive. The market had high expectations for Sina's performance in this quarter, but it only increased by 18%, far lower than expected.

As a result, although the performance has continued to grow, Sina's stock price not only did not rise, but also fell. I guess Wang Yan is depressed at this moment. Why don't we think of some more ways to make him feel a little hindered?"

Wang Liu was also happy. Performance growth was obviously a good thing, but the rise in the tone in the last quarter also raised the market's appetite. As a result, the increase in this quarter did not meet expectations, and the stock price did not rise but fell instead. This was too unlucky.

However, he was happy to see Wang Yan’s unluckyness, so he smiled gloatingly and said, “You can do it yourself.”

"Okay, then I'll play freely." Li Xiangtao agreed with a smile.

...

Sina Headquarters.

Just like Li Xiangtao thought, Wang Yan was indeed sitting in the office with a depressed look on his face. The second quarter performance was too impressive, and the third quarter performance growth was already under pressure. Tiansheng suddenly entered the wireless business again. The high growth point that the company finally found was again strongly competed by Tiansheng.

In order to make the performance more beautiful, he has been thinking a lot of ways in this short period of time and has spent countless energy and effort to achieve positive growth in performance. Moreover, to be honest, the 18% increase is not low. As a result, the stock price does not rise but falls because it does not meet market expectations. Why?

What's even more terrible is that the shareholders' desire to cash out after the stock price rises and then withdraw. As the stock price falls, shareholders who were originally dissatisfied with him will now settle the new and old accounts with him.

He could foresee what would be waiting for him without thinking about it.
Chapter completed!
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