AboutSTJingluntransformationandtheplightofRevelationAbstract:Transformationisthecompany’suseofresources,adjustingtheindustrialstrategicpositioning,newgrowthpoints,orgetridoffinancialdifficultiesofmajorstrategicbehaviorWuhanJinglunElectronicsCorp.begantryingtomarketatthebeginningfromthetransformation,buttherestructuringresultsworse,2008,2009netprofitisnegativefortwoconsecutiveyears,eventuallyST.fromitsfinancialstatements,analyzesthereasonsfortheirtrouble,focusingontheirequitytosetproblemsforthecompany’stransformationtoprovidereference.Keywords:stocksettings,transformationstrategy,*STJinglun1CaseBackgroundJinglunElectronicsCo.,Ltd.(hereinafterreferredtoas“Company”or“theCompany”formerlyknownasWuhanJinglunElectronicsCo.,Ltd.,establishedinDecember14,1994,theStateTorchPlanKeyHigh-techenterprise,establishedwith1registeredcapitalof300In1998tenthousandyuanonMay28bytheresolutionoftheshareholders,$47millioninretainedearningsintocapital,thecompanyregisteredcapitalincreasedto$50million.2000March29,thecompanylimitedliabilitycompanybytheoverallchangeCo.,Ltd.,afterthechangeofthetotalsharecapitalof9,202.23millionMay23,2006,CompanyshareholdersofrecordontheflowofregisteredholdersofAsharesforevery10sharesoutstandingreceive4.3sharesofthecompanytotalofallnon-tradablesharestotradableshareholders,theimplementationof26,660,000sharesofthetotalpriceofthecompanyfoundershareholdersZhang,Cao,Luo,Cai,Liusharesheldandpercentageshareholdingisasfollows.June11,2007,2007,thecompanyheldthefirstmeetingofshareholders,thecompanynamechangedto“JinglunElectronicsCorporation.”AsofDecember31,2010,thecompanyregisteredcapitalof24,604.46million.Jinglunlucrativeelectronicsmarketbefore2001,themainbusinessincomeof295million,anincreaseof2morethan50%,netprofitof83.513million.Listedonthemainbusinessincomeof363millionthatyear,netprofitof82.497million,down1.23%afterthelisting,becomethefirst-to-marketplacementtoplacementofthesecondarymarketstockholdersoflistedcompaniesinfull,butalsoChina’sfirstallnaturalpersonsaspromotersoflistedcompanies.Nevertheless,iftheindustryasthegrowingpublicmalaise,Jinglunehadtotrytotransition.2010April19,thecompanythatin2008,2009consecutivenegativenetprofit,thestocksinceApril20andmore“*STJinglun.”SetsthenumberofringsinafineLondonElectronics,whyfallintosuchastate?2JinglunelectronictransitionMay2002Jinglunelectronicdistributionofthestockmarket,accordingtoitsprospectus,thecompanynetprofitof83.513millionyuanin2001allfromthepubliccommunicationterminalsandmanagementsystems,tomarkettoraisefundsofabout477millionyuan,mainlyforpublictelecommunicationsterminalequipmentprojectsandpublicmultimediaprojects.Prospectusalsosaiditwouldpay50millionyuanandforeignseniorscientists,engineers,Dr.XuXingyiother3fiveindividualsintheShanghaiZhangjiangHi-TechParktosetupajointventurelimitedliabilitycompany,establishedinlate2002on海鲍麦克斯ElectronicsTechnologyCo.,Ltd.ThefinebeforetheestablishmentofasubsidiaryofLondonhasestimatedits2003e-salesincomeof8,000yuan,netprofitof6.34millionyuan,salesincome164millionyuanin2004,netprofitof20millionyuan,thisisfinesincethefirstLondonlistedelectronicspeninvestments.Theendof2002,JinglunElectronicshasinvested10millionyuanandYuRenrongotherthreeindividualsjointlysetupinShenzhen,ShenzhenfineKamBusinessMachinesCo.,Ltd.,mainlyengagedinthebusinessofelectroniccomponents,electronicequipment,a...