Han Junliang, the former ＂overbearing＂ president of Huarui, made nearly 300 million financial frauds and faced a lifelong market ban.

　

Han Junliang, a 51-year-old technical background, is the founder of Huarui Wind Power, and his management style is regarded as "wild".

　　　　　　　　　Details of the case of inflated profits of former wind power champion Huarui Wind Power (*ST Ruidian, 601558) surfaced on January 8, and Han Junliang, the former president, may be banned from the life-long securities market because of "major illegal activities" involving financial fraud.

　　　　　　　　Huarui Wind Power announced that the company passed in the 2011 annual report.The method of making false lifting orders to confirm income in advance inflated the profit of the current year by 278 million yuan (accounting for 37.58% of the total profit disclosed in the current period). Therefore, the CSRC plans to warn Sinovel Wind Power, impose a fine of 600,000 yuan, and take measures to prohibit some personnel from entering the securities market.

　　　　　　　　Han Junliang, a 51-year-old technical background, is the founder of Sinovel Wind Power, and his management style is regarded as "wild". Some media have reported that,Han Junliang is too headstrong, and one of his pet words is "the past proves that I am right, and the future will prove that my current decision is right"; It does things regardless of cost, and it will never stop until it reaches its goal.

　　　　　　　　Han Junliang extended this wildness to listed companies and finally developed into an illegal case of financial fraud. According to the requirements of the CSRC, Han Junliang still has the right to be heard.

　 　 　 　 According to Article 161 of the Criminal Law, Han Junliang may face criminal charges. The above provisions stipulate that "companies and enterprises that are obligated to disclose information according to law provide false financial and accounting reports or conceal important facts to shareholders and the public, or fail to disclose other important information that should be disclosed according to law.If the interests of shareholders or other people are seriously harmed, or there are other serious circumstances, the person in charge and other persons who are directly responsible for it shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention, and shall also or only be fined not less than 20,000 yuan but not more than 200,000 yuan."

　　　　　　　　Huarui Wind Power, established in 2006, once enjoyed unlimited scenery before 2010.

　 　 　 　 In 2008, Huarui Wind Power surpassed the established wind turbine enterprise Xinjiang Goldwind Technology Co., Ltd. (Goldwind Technology, 002202) and became the largest wind turbine manufacturer in China. In 2009, it added 3.51 million kilowatts of wind power installed capacity, accounting for 25.3% of the market, ranking first in China and third in the world. On January 13th, 2011, when it landed on the Shanghai Stock Exchange, the issue price of Sinovel 90 yuan/share also set a record for the highest issue price of the main board in Shanghai and Shenzhen. Due to the gathering of the securities industry, Huarui Wind Power is also praised as a "star company" by the industry.

　　　　　　　　However, the wind power situation in China changed in the second half of 2010. In 2011, the newly installed capacity of China was 17,630.9 MW, which was lower than that of 18,928 MW in 2010, showing negative growth for the first time in ten years. In 2012, the installed capacity of domestic wind power decreased by 18% compared with 19.3 million kilowatts in 2011, and the total investment of new wind power in China in 2012 dropped by 12% to 27.2 billion dollars compared with 2011.

　　　　　　　　In the turning year of 2011, Han Junliang began to make a fuss about finance, hoping to save the defeat.

　　　　　　　　According to the details disclosed on the 8th, Wei Yuqiang, then chief financial officer of Huarui Wind Power (resigned in July 2011) said that in 2011, Han Junliang hoped.Confirm the income of some unfinished hoisting projects in advance,Wei disagreed and left.

　　　　　　　　At the end of June, 2011, Han Junliang called a meeting with Tao Gang, Su Ming and others. They were not very satisfied with the financial data of 2011, and thought that the decline was too great, and the net profit in the first year of listing in 2011 should not exceed 50%.

　　　　　　　　Therefore, Han Junliang asked the financial department not to use the daily dynamic table as the basis and source of income confirmation, but to confirm income according to the sales notice provided by the marketing department; For the unfinished hoisting project,Han Junliang said, "What I say is what I do. Besides, whether these projects are done or not has nothing to do with you. If there is no cost information, the cost will be converted according to the inventory in stock, and the cost will be estimated temporarily if there is no inventory." "I am a legal person. I am responsible, and you do as I say."

　　　　　　　　Tao Gang, the acting chairman of Huarui Wind Power, who was involved in financial fraud, argued that as a non-accounting professional, he temporarily performed the post of chief financial officer. During the term of officeRepeatedly submitted an application to the then President Han Junliang to resign as Chief Financial Officer; Han Junliang is more involved in the work and arrangement of the Finance Department, and he can only respect and obey the leadership of General Manager Han.

　　　　　　　　The definition of the CSRC is: "Han Junliang instigated, planned and organized this major illegal activity of financial fraud", and it is planned to take measures to ban it from the securities market for life.