Odd of one billion four hundred and ten million and sixty-five thousand four hundred and eight net a

Of arise suddenly " black swan " , let 190 thousand partner guard against without a silk!

Western mining industry (601168.SH) a outstanding achievement exploded last night thunder announcement, one billion four hundred and ten million and sixty-five thousand four hundred and eight net assets are abrupt " clear " , 100 million mutation is the gain of come to an agreement or understanding gigantic deficient 2.1 billion. Now closing quotation,

Hand in a case of urgent last night hair, requirement company specification announces office management to go up to whether be put in major flaw to wait in financial management and information.

According to announcement, mining industry expresses western, issueing accomplishment of study at school this to anticipate considerably basically is be put into trouble appears at long-term equity investment the bigger loss that reduce a cost. It is reported, the limited company of group of Qinghai province investment that mining industry invests western (abbreviation " Qinghai province is cast " ) existence decreases value evidence, then, the assistance that the company evaluates an orgnaization in tripartite issues what invest to this equity to be able to reclaim amount undertook assessment, and show via evaluating a result, the company saves those who deliver equity value to be able to reclaim to Qinghai amount is 0, because this affirms 2.522 billion yuan to to Qinghai the province casts long-term equity to invest the loss that reduce a cost, this net last year to the company gain produces bigger effect.

It is reported, the collaboration that mining industry and Qinghai province cast western only then 2013, at that time, national endowment is saved in Qinghai appoint hold dish below, mining industry and Qinghai province are cast western sign add endowment agreement, manage subordinate subsidiary with company place 100 rivers aluminous course of study 100% equity, on the west sea coal report 100% equity, western the integral asset of electric power of Tang Hu of 100% equity, branch and company place have carbolic element the creditor's rights of afore-mentioned pair of companies and partial cash, aggregate 2.966 billion yuan serve as pair of price, what province of Qinghai identifying capture casts is new add register capital, province of company hold Qinghai is cast add endowment hind 35.89% equity, become the 2nd large stockholder.

From the point of the outstanding achievement of the company when markers, 100 rivers aluminous course of study 2012 deficit 15.29 million yuan, on the west sea coal report 2012 deficit 36.27 million yuan, western carbolic element 2012 gain 1.13 million yuan, tang Hu electric power 2012 deficit 210 million yuan.

Will look on obtain employment accomplishment, invest this external with these asset gutty come off the meaning of deficit asset, the company shows at that time, "After adding Zi Reshun benefit to finish, be helpful for company integrated natural resources, optimize industrial structure, increase quota of core finance affairs, enhance gain stability " .

Time arrived continuously 2018 first half of the year, according to western of mining industry half an year signed up for 2018, qinghai province casts net assets to be 10.88 billion yuan, mining industry returns hold Qinghai province to cast the equity of 20.36% western, according to scale computation, mining industry holds a net assets to have 2.2 billion western.

Why to meet in the 2.2 billion net assets in half annals the state of occurrence to clear?

This one act caused the attention that hands in place, hand in a requirement western mining industry complement announces:

(1) Qinghai province casts equity to appear the account that reduces a cost and specific when dot;

(2) invest to this equity, company early days whether plan had carried the preparation that reduce a cost, be like ever plan carry, demonstrative plan carries amount, basis;

(3) the company is in early days outstanding achievement is premonitory in, did not predict reason of this great losing that reduce a cost, decision-making mechanism and main decision-maker;

(4) the company reachs those who evaluate an orgnaization to affirm Qinghai province delivers equity value to be able to reclaim amount is reached for the basis of 0, rationality specific calculate a process, whether to exist one-time plan mention the action that bathes greatly with undertaking finance affairs, this accountant processing is careful;

(5) if Qinghai province casts later period to manage,improve, will arise why to be planted to company management result influence.

In addition, hand in place to be begged even western mining industry checks outstanding achievement oneself seriously the reason with premonitory vast difference, explain the company announces office management to go up to whether be put in major flaw in financial management and information.

Public data shows, limited company of group of Qinghai province investment (Qinghai province is cast) it is one of a few Qinghai province is the biggest state-owned companies. Qinghai province is cast sit have 64 billion capital fund, it is to appear on the market mining industry of company gold luck (600714.SH) control a partner.

" daily economy news " the discovery when the reporter combs data of Jin Rui mining industry, begin from December 27, 2018, lucky mining industry releases gold 10 times to freeze condition announcement about controlling a partner share continuously.

On December 27, 2018, golden luck mining industry first announcement accuses a partner share to freeze, because finance of China be in harmony rents what Inc. and company control a partner to accuse share company Qinghai,limited company financing rents estate of restful tall refined aluminium contract dispute one case, accuse a partner hold our company make work indefinitely current 120, 408, 813 (those who hold company total capital stock 41.78% ) share registers settle accounts in Chinese negotiable securities branch of Shanghai of finite liability company is frozen. Freeze initial day to be on December 25, 2018, freeze stop day to be on December 24, 2021.

On January 17, 2019, share of frozen of the judicatory in afore-mentioned dispute is removed.

However, lie between when only half month, qinghai province casts a share of mining industry of the luck that hold gold to be frozen once more. Announcement shows, because Shanxi finance rents what limited company and company control a partner to accuse share company Qinghai,save 3 rivers water and electricity to develop Inc. to wait for contract dispute one case, accuse a partner hold our company make work indefinitely current 23, 623, 526 (hold company total capital stock 8.20% ) share registers settle accounts in Chinese negotiable securities branch of Shanghai of finite liability company is frozen.

After this, golden luck mining industry releases 7 to accuse a partner place to hold company share one after another again by frozen announcement, because hire a firm with what differ,all produce contract dispute be caused by.

And notable is, release the declared that accuses a partner share to freeze a circumstance continuously in golden luck mining industry inside this paragraph of time, mining industry never has issued risk clew announcement however western, also had not released hold a company equity frozen pertinent information. More interesting is, in 18 days of evening western in the announcement of mining industry, its claim the accuracy of premonitory to outstanding achievement content made sufficient risk clew. " daily economy news " the reporter breaks up western mining industry " western 2018 year outstanding achievement decreases mining industry beforehand announcement " discovery, in risk clew column, mining industry expresses only western, because company joint-venture enterprises managed outstanding achievement to have not affirm finally 2018, may affect this second outstanding achievement the accuracy of premonitory content.

So what is Qian Shuqing sea saves the specific content that flings contract dispute?

With the announcement of golden luck mining industry was on January 31 exemple, the Shanxi banking limited company that rent accuses share company Qinghai to save 3 rivers water and electricity to develop the contract dispute such as Inc. with what the company controls a partner one case fastens endowment canal to plan to produce be caused by of break a contact.

Data of Shanghai fiducial net shows, with joint-stock canal- - management of asset of water and electricity of a 3 rivers plans An Zhengbao is to mix join company of futures endowment pipe- - will issue the endowment canal plan that establish respectively on July 7 at was being mixed on March 24, 2017 with joint-stock canal, 2 years period, add up to 68.4 million yuan. Endowment canal plans those who issue to be held in the palm through Guang Daxin " light is big fiducial- - is with joint-stock canal 17 gather capital believed hold a plan in the palm " does to Qinghai province 3 rivers water and electricity develop Inc. (: of those representing capital of be in harmony? ? of  of  of Qin H  extends fiducial loan, fiducial loan has Qinghai to save investment group to offer joint liability to assure.

3 rivers water and electricity is Qinghai Qinghai province drops subsidiary, qinghai province is cast is 3 rivers water and electricity controls a partner.

Basis endowment runs contract agreement, endowment canal plans first phase should rise at planning to end day endowment canal is finished to plan accrual allocation inside 10 weekday, should finish accrual allocation to work before April 8, 2019 namely. End when announcement is given out, return not cash, already materiality break a contact.

With joint-stock canal on March 1, 2019, parted on March 4 to those representing capital of be in harmony, assure just send " pay clew cases " reach " honor the agreement to assure jointly responsibility and pay clew cases " , clew the other side fulfils reimbursement obligation in time before maturity. In the meantime, also pay close attention to those representing capital of be in harmony to reach assure square debt pressure is greater, the relevant and negative public sentiment such as circulating fund insecurity.

It is protective investor rights and interests with joint-stock canal, project personnel includes spot interview, capital of official letter clew puts in collect 's charge to wait supervise and urge those representing capital of be in harmony assures just fulfil relevant obligation. But because company profit ability drops, load of manufacturing management difficulty, debt is heavy, those representing capital of be in harmony and assure square cannot on time cash expires debt.

" daily economy news " the reporter notices, freeze an account besides afore-mentioned equity outside, qinghai province casts the corner that still is immersed in bond beak a contract.

On Feburary 25, 2019, qinghai saves the bond that invests group limited company to produce beak a contract: 18 blueness throw the directional financing tool of 20 million PPN001 fails on schedule cash, make materiality break a promise. And on Feburary 26, qinghai province casts chief to send statement to say, before one day of due PPN capital 20 million already at 25 days afternoon at 5 o'clock 50 infiltrate advocate bear account, 26 days of investor can get cash money. Although only difference of a day, escape hard also the label of break a contact.

And notable is, according to Qinghai the province sends data of the newspaper in 2018, fund of money of company Zhang face amounts to 3.2 billion yuan, liquid assets is total more than one billion four hundred and ten million and sixty-five thousand four hundred and eight.

On Feburary 22, the company fails to pay brushstroke the interest of abroad dollar debt on schedule, add up to 140 million RMB about, become 20 come to the state-owned company of beak a contract of first abroad bond for years. Peng rich company reports, "The basis issues a manual, the ticket breath of this bond pays nonexistent wide within a definite time, mean actual already break a contact " . And the response of general of grade orgnaization mark of abroad dollar debt, "File of bond put on sale not bright show wide time limit. To doing not have bright the funded debt that shows wide time limit, the cash inside 5 weekday after we will not be later than maturity counts seasonable cash.

Make public information to show according to Wind, qinghai province is cast return the rest up to now 5 period bond, basically be 3 period abroad dollar debt, total amount is in 850 million dollar, RMB bond total amount is in 1.03 billion the left and right sides, press this data computation, debenture puts add 6.7 billion the left and right sides.

Why can the investment platform that the provincial key of 64 billion cultivates a substance appear present state?

Newest data shows the treasure that start a letter, qinghai province is cast invest an enterprise external in all 42, control a company 71. Annals counted the basis 2017 according to, company short-term debt is as high as 21.9 billion yuan, the likelihood sparks the liability amount of break a contact is very large, and the liquidity fund of the company is not worth badly, rate of going from place to place is low to 0.45.

Add loan data newly to look from what announced 2017, the bank loan that Qinghai province joins traditional channel is contractive and apparent, and entrust loan, financing to rent loan, small the channel is not mark such as loan rises rapid, be not the omen with financing smooth channel.

Daily economy news