Are there many listed companies doing blockchain? Or is this already a wave? Or is it just whether to use hot concepts to speculate stock prices?
After the concept of "blockchain" was born and became a market hotspot, listed companies with a keen sense of smell naturally took the blockchain-related industries as an important opportunity for innovation and development and worked hard to open up new market areas. On the other hand, some listed companies that are keen on "scratching hot spots" and "hype topics" naturally refuse to give up this great opportunity. In this regard, the exchange paid great attention to it and frequently issued inquiry letters.
Recently, LeTV, which has been on the cusp of a wave for a long time, has also been subject to regulatory inquiries due to its financial platform involving the blockchain field.
Lewei Finance joins hands with the One Chain Technology Exchange to ask for details
The enthusiasm of the blockchain is attracting more and more listed companies to enter. According to media reports, on July 11, LeTV’s super TV main body, Le Rongzhixin, announced its entry into the blockchain field, and jointly launched the intelligent hardware "One Chain Box" with Yilian Technology. At the same time, its subsidiary Lewei Finance will also cooperate with Yilian Technology. Technology cooperates in financial blockchain.
It is reported that through the "one chain box", users can share idle bandwidth with the community through this hardware, and the community will give back OC (Onechain Token) according to the algorithm as an incentive. According to the release party Yilian Technology, OC is a blockchain token with high-speed growth potential. It refers to a shared ecosystem based on blockchain technology generated based on shared bandwidth resources, home video entertainment interconnection, Proof of workload such as smart security. The total amount of OC coins is 1.8 billion and will not be issued in the future.
However, only two days after the press conference, the Shenzhen Stock Exchange sent an inquiry letter to LeTV. The content of the inquiry directly pointed to "using hot concepts to speculate stock prices."
According to the inquiry letter, the Shenzhen Stock Exchange requires LeTV to combine the current research and application stage of blockchain technology, the competition in the same industry, and the personnel, funds, and technical patent reserves of LeTV and Yilian Technology in the blockchain business. Whether the company's blockchain business has the corresponding business foundation and feasibility, whether it has core competitiveness, whether it produces corresponding economic benefits, and adequate risk warnings.
In addition, the Shenzhen Stock Exchange also required LeTV to explain the relationship between Yilian Technology and Leshi.com, the cooperative operation model of the blockchain smart box business of Lerongzhixin and Yilian Technology, and Lewei Finance and Yilian Technology in the financial area. A series of issues such as the feasibility of cooperation in the field of blockchain, competitiveness and uncertainty in future business cooperation.
To sum up, the Shenzhen Stock Exchange requires LeTV to verify whether the company has used hot concepts to speculate its stock prices in conjunction with multiple questions inquired, and requires it to submit a written explanation before July 20.
Listed companies have tested the water
In fact, there are not a few listed companies that "test the waters" of the blockchain industry, and the blooming flowers of the blockchain market have gradually spread to the A-share market.
According to research reports, there are currently 88 listed companies in the A-share market involved in the blockchain field. In April 2016, there were only 12 listed companies involved in the blockchain. In the past two years, the number of listed companies dubbed "blockchain" in the A-share market has increased by 633%.
Although listed companies are actively exploring the combination of blockchain technology and business application scenarios, some listed companies have used the name of blockchain to “snap hot spots†and “hype "Topics", there is no actual application landing, and no business income is generated. In this regard, the exchange frequently issued letters of inquiry and paid great attention.
For example, at the beginning of this year, a listed company replied to investors on Hudongyi that the company has already carried out blockchain theory and application research in the field of intelligent transportation. Specifically, it will conduct ETC and transportation big data blockchain research with professional institutions. The company's stock price rose by the limit that day. In response, the Shenzhen Stock Exchange issued an inquiry letter requesting it to disclose in detail the specific research and development and business content involving blockchain technology.
In the reply of the listed company, the company stated frankly, "The company has already carried out blockchain theory and application research in the field of intelligent transportation. It is in the preliminary research stage and has not yet formed relevant business, and there is no relevant product situation or business. Information such as model, profit model, top five customers and suppliers. The company has not made significant investment, has not yet generated direct economic benefits, has not yet developed new products, new inventions or obtained patents, and will not have a significant impact on the company’s financial status and operating results ."
Also at the beginning of this year, the Shenzhen Stock Exchange issued an announcement stating that it will pay close attention to the information disclosure and secondary market transactions of listed companies involving the blockchain concept, and will promptly adopt the blockchain concept for hype and misleading investor violations. Disciplinary measures. "Securities Daily" reporters based on the incomplete statistics of listed companies' announcements. Since the beginning of this year, more than 30 listed companies have been issued by the exchange inquiries about "blockchain" related businesses.
Industry analysts pointed out that the current listed companies involved in blockchain are mainly concentrated in the software and computer industries, which are basically an extension of the company’s original technology; while the applications in other industries are more based on concepts, and innovation opportunities are limited. . However, he also pointed out that the performance of individual blockchain stocks is a barometer of the application of blockchain technology. As the number of listed companies developing blockchain business continues to increase, the A-share market will continue to witness the future of blockchain technology.
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