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Thread: Ten listed companies might do cheating in their annual report?
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[quote=JIMMYB,287534]Before May Day holiday, almost all listed companies in Shanghai and Shenzhen Stock Exchanges released their 2007 annual report. According to their reports, the turnover of 1574 listed companies has reached 9447.428 billion yuan, increasing 25 percent. Really good news! However, some people doubt the truth of the reports. Recently, Xia Cao, a Chinese guy has written an article in his blog, which says that Dongsheng, Zongyi and other 10 listed companies have done cheatings in their annual report. According to his article, those ten listed companies have released false information in their report--- the financial data in the reports actually have been altered. So far, those ten companies haven’t reacted to this report. What do you think of it? Do you have doubt about the profitable turnover of the listed companies in 2007? [/quote]
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