Recently, some netizens found that the official website and app of storm video and audio had problems and could not be opened normally. The share price of storm group, which once had unlimited scenery, fell all the way to the lowest 3 yuan. As of the closing on November 26, the market value was only 1.209 billion yuan, less than 3% of the peak.
On the afternoon of November 26, CCTV financial reporter visited the former office address of Fengfeng Group.
CCTV financial reporter Li Lin: behind me is the former office address of storm group, the Shouxiang Technology Building in Haidian District, Beijing. On July 29 this year, the day after Feng Xin was arrested, CCTV financial reporter visited here. At that time, the employees of storm group were still working normally on the 13th floor of the building.
Just a few months later, today the building is empty.
The reporter found that there was no name of storm group in the company floor guide on the first floor of the building. The reporter came to the former office address of storm group, that is, the 13th floor of the building. Now it is empty, and only sporadic decoration workers work here.
Some lost labels and trophies vaguely show the hot working state and brilliance here.
The staff of the building said they didn't know where the storm group moved.
The reporter then came to an office address of Fengfeng Group near the West Fourth Ring Road in Beijing, and got nothing. In addition to the office address can not be found, the official website of storm video and app also have problems.
The reporter dialed the customer service phone of storm video, and no one answered it all the time.
According to the financial report of storm group in the third quarter, the company realized an operating revenue of 93.6004 million yuan in the first three quarters, a year-on-year decrease of 90.95%, and a net profit of -649 million yuan.
On November 25, Fengfeng Group announced that the company may trigger the suspension of listing mechanism due to the risk that the company's net assets will be negative in 2019. At the same time, the company's continuous operation is difficult. All the senior managers of the company have resigned except Feng Xin.
People need to be alert when the 'storm' will stop
What enlightenment can the case of 'storm' bring to the market?
Financial commentator Wang Chao: since the actual controller Feng Xin was arrested, other executives of Fengfeng Group have run away like scallops on Zhangzi Island. Today, the official website and app of storm video have been down and 'sudden death'. As a common youth memory of a generation, storm video will eventually disappear in the wind like our youth.
Looking back on the rise and fall of storm group, I use five words to describe it:
1. Good weather
From 2003 to 2009, the development of storm was in good weather. In 2009, the number of users once exceeded 280 million and the number of daily users exceeded 25 million, becoming another Internet upstart after QQ and Xunlei.
2. Rain or shine
In 2010, storm began to seek listing in a shares. In order to achieve the listing target, the storm extremely reduces costs to ensure profitability. However, when everything was ready, the CSRC launched an IPO self inspection campaign and did not resume until 2014. It is precisely in recent years that storm technology, which has been listed in all weathers, has missed the key strategic transformation period.
3. There is no second wind
In 2015, the storm finally came on the market. It just caught up with the new round of A share Internet bubble. When the storm came on the market, it created a myth of 40 days and 36 trading limits. The market value was above 40 billion yuan, and there was no time for two.
4. Storm
The soaring market value changed the mentality of Feng Xin, the boss. Then, the storm began to follow the trend of mergers and acquisitions. However, due to a series of strategic and tactical mistakes, most mergers and acquisitions ended in failure.
5. Bitter wind and rain
In 2016, in order to make up for the huge gap of the company, Feng Xin began to use 200 million yuan to pry 5.2 billion industrial M & A fund, but finally ended with the bankruptcy of the acquired object. Feng Xin, chairman of storm, was taken away for investigation four months ago, and his personal miserable days began.
Today's storm is stormy. In the face of such a miserable scene, what do we reflect on?
If there was a scientific innovation board for a shares at that time, would the storm be listed in time to accelerate the transformation?
If the A shares have a reasonable pricing mechanism after the storm comes, will the storm blow up such a huge bubble that investors will be stuck at high positions?
If Feng Xin always keeps in mind the original intention of enterprise development and is not dazzled by the expansion of capital, can he avoid being in prison?
If an enterprise can always focus on scientific and technological innovation and avoid blindly following the wind, can it live better now? Can it create more value for society?
Unfortunately, there is no if in reality. This series of problems should be left to future generations to think about.