Climax of the upcoming ban GEM "false growth" misappropriating the geometry.

<P> Climax of the upcoming ban on GEM, the Shenzhen Stock Exchange to submit reports directly to the delisting, the GEM has been that everyone knows the risk of white swans. .</ P> <P> in the investment market, able to anticipate, assess the risk of not real risk, the risk is not known is the real risk, the risk of U.S. subprime mortgage crisis, people do not know hidden in the balance sheet .outside. .GEM biggest risk is not false start and grow, always mine, always gloss over is the most terrible black swan. .</ P> <P> performance of large companies listed on GEM is a fake face the typical growth. .To control risk, regulators, standard similar to the GEM screening small plates, the performance did not change the impulse face. .As the end of 8, 22 GEM performance of listed companies face appeared. .Pao shares, Warburg Pincus stake in the South have the power breakdown of the top three GEM performance of face, the three first-half net profit decline of up to 82.07%, respectively, 76.60% and 69.79%. .Last October 28 the first GEM-listed companies, there are seven interim results for the year on year decline. .In addition to Pao shares, Hanwei Electronics in the first half net profit fell 49.78 percent, ranked fourth in the GEM. .Repeatedly exposed ChinaNetCenter executives leaving first half net profit fell 29.97%; new Ning logistics, Huayi Brothers, Ghost Huadian and Trojans first-half results were also down Germany 17.91%, 11.71%, 7.10% and 5.63 .%. .</ P> <P> reasons in addition to some companies because the products, the performance of other companies face is hard to say no false growth factors. .If Pao shares, the growth in sales of frequent questions. .Fortunately, there is the core technology patents the company, failing that, the so-called high-tech is the only have their table. .Ning other logistics such as new, it is difficult to imagine a high-tech logistics company, and Wah Yan medicine called "Medicine", in fact, is mainly engaged in non-PVC soft bag infusion product development, production and marketing of manufacturing enterprises to .If the motherboard is actually in Zhangjiang Hi-Tech Park as the leading real estate operating characteristics. .</ P> <P> GEM is not start another big risk, a number of companies listed on GEM as the body of the parasitic monopoly enterprises. .Typically Ultrapower, Hanson and the nationals of mobile technology, all parasitic on the China Mobile, China Mobile sneeze as long as the three companies will be cold, Shandong Shengli Oilfield Purchasing Po Mo thanks for the support. .</ P> <P> Hanson moved half of the business system itself Hebei Mobile, mobile phone retail accounted for nearly 8 Hanson into the main business income, and half of the profits, the company name seems to only relatively high-tech business - "Personal .mobile information terminal sales, "Personal mobility and mobile information services industry, in any case when not afford high-tech words. .In contrast, I once doubted the GEM other medical and pharmaceutical companies had even genuine. .Similar to the Hanson movement, Wah Yan pharmaceutical and other companies, if not superior marketing capabilities, its rings are then greatly diminished. .Among the hundred listed companies, most mentioned in the prospectus of the "performance by the impact of risk factors for large customers." .Loss of large customers, will share the same level as the dismal performance of China. .We vote in the end is a core technology, innovative companies can not be replaced, or have a special relationship with the large interest groups, marketers?.