#芯片大牛股退市 once claimed to be benchmarking against NVIDIA#
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Zuojiang Technology, a big chip bull stock, was delisted? This listed company, which was once known as "benchmarking NVIDIA", experienced a sharp rise and fall in stock prices in just a few years, and finally left the market. In the face of today's market situation, although it is a pity, but its true body, everyone has to know~
This enterprise has gone from "boom" to "decline":
Zuojiang Technology, a chip company once known as "the most expensive ST stock in history", has attracted market attention since its R&D strength of "programmable network data processing chips" since it landed on the GEM in October 2019.
However, the good times did not last long, with the continuous decline in performance and the exposure of financial fraud, Zuojiang Technology finally could not escape the fate of delisting.
It is understood that Zuojiang Technology was under the banner of "benchmarking NVIDIA" in the early days of listing, claiming that the DPU chips it developed were technically comparable to international giants. This statement quickly attracted the attention of a large number of investors, and the stock price soared with it. With the in-depth understanding of the market and the investigation of the regulatory authorities, the real situation of Zuojiang Technology has gradually surfaced.
Zuojiang Technology's R&D strength in the field of DPU chips is not as strong as it claims. Although the company does have a layout in the DPU field, compared with international giants such as NVIDIA, there is still a large gap in its technical level and market share.
Zuojiang Technology also has serious problems in terms of sales, and its DPU chip sales revenue is very small, which is far from supporting the company's high stock price.
What's more serious is that Zuojiang Technology has a serious problem of financial fraud. According to the report of the China Securities Regulatory Commission, the financial information disclosed by Zuojiang Technology in 2023 is seriously untrue and suspected of major financial fraud. Among them, there are doubts about the authenticity of the "51 million yuan network card contract", and the recognition of the revenue of this contract is directly related to the shell of Zuojiang Technology.
The China Securities Regulatory Commission found that in the 51 million yuan network card procurement contract signed between Zuojiang Technology and CIFI Technology, there was a serious discrepancy between the number and amount of 20,000 sets of network cards actually delivered. This behavior seriously misleads investors' trading decisions and brings great risk to the market.
The delisting of Zuojiang Technology has aroused widespread attention and discussion in the market
Investors have questioned the true situation of the company, and put forward higher requirements for the company's information disclosure and supervision; In addition, this incident has also exposed the problems in the regulation and investor protection of the A-share market.
This time, the delisting of Zuojiang Technology has undoubtedly taught investors a profound lesson. It reminds investors to be rational in the investment process and not to be fooled by the hype and concepts of the company. It seems that "investment is risky, and you need to be cautious if you are realistic", this sentence will always apply to the investment world.
The delisting of Zuojiang Technology has also put forward higher requirements for the regulatory authorities. Regulators need to strengthen supervision of listed companies, crack down on financial fraud and market manipulation, and maintain market fairness and transparency. Only in this way can we protect the legitimate rights and interests of investors and promote the healthy development of the market.
Generally:
The delisting of Zuojiang Technology is a typical case of financial fraud, and investors maintain rational investment and improve risk awareness; Regulatory authorities should strengthen supervision and maintain the fairness and transparency of the market.