On April 30 industry of Kang Mei drug 30 billion cash disappears without trace case temporarily the name uses all corners of the country, become in the bookshops to talk endowment. Be in in fact same day, kang Dexin of its health surname brother also not show off lets more. Already as honest as industry of Kang Mei drug 30 billion cash is fictitiousing zero to differ, kang Dexin still dies up to now the duck is stubborn firm say to end the ready money that there are 15 billion yuan on the Zhang end 2018.
However surprising is, 12.2 billion yuan at subbranch of a bank of Beijing bank Xidan a huge sum of money is deposited in these 15 billion yuan of cash, office of lucky China accountant cannot confirm their existence. Meanwhile, what the company has thing of digital trustee, inspect to all also do not assure this a huge sum of money is true.
And what answer relatively to it is, although the company is having 15 billion yuan money fund, but January 2019 15, 21 days, 18 Kang Dexin SCP001 and 18 Kang Dexin SCP002 in succession break a contact, principal and interest of bond of these two break a contact is total have 1.563 billion yuan only.
More ceaseless refresh wears after this Kang Dexin the acknowledge of investor. The hand holds 15 billion yuan cash, it is first still do not have the principal and interest of 1.5 billion, the interest that ten million figures repeatedly actually later also should bilk Zhang. The accountant that estimation of this kind of circumstance does not need to had learned finance affairs perhaps has done the company director that manages the job for years to analyse, in every case calls up a junior high school that accepts compulsory education to be born, also know to have feline dirt surely among them.
On Feburary 15, ST Kang Dexin fails on schedule the bill of 1 billion yuan of metaphase that liquidate of full specified amount expired 2022 " 17 Kang Dexin MTN001 " accrual, aggregate 55 million yuan. On March 14, ST Kang Dexin expresses cannot on schedule the 300 million dollar that liquidate expired 2020 assures the 9 million dollar of bond deals with accrual.
On the annual report that issued on April 30, place of solid Wu of lucky China accountant issued " the audit that cannot express an opinion reports " , do not know whether knock woke those let a person try to hold sleeping person.
One, the audit report that cannot express an opinion
Office of lucky China accountant was Kang Dexin to issue " cannot express an opinion " audit report. I am state-owned and at present the following the audit report of 5 kinds of types: Without the audit that withholds an opinion report, belt emphasizes item paragraph the audit report of opinion of the audit report that does not have reservation opinion, reservation, audit report that cannot express an opinion and negative opinion.
The meaning that the type that audit reports indicates and their title is basic and same, what e.g. the audit that does not have reservation opinion the report points to is accountant office special the financial report that approves a company, think its press note plan standard on all and major item, the reaction of evenhanded the financial standing of the company.
And the audit report of negative opinion, show accountant office thinks the finance affairs of the company reports namely apparently inconsistent with the facts. But here has a bit need to emphasize, finance affairs of accountant office audit reports need collection fee, and this charge is by appear on the market the company pays.
This is caused occasionally accountant office is met to appearing on the market the problem of the company opens an eye to close a key point, the important matter changed small, bagatelle, otherwise industry of Kang Mei drug the cash of 30 billion also won't melt into fictitiouses between one night zero.
According to this kind of phenomenon, unscramble audit to report nature can be gone to only " slant bad " angle is unscrambled, in other words, accountant office assures " sure " financial report, investor grows heart longly, and the report that accountant office thinks to have a problem, that investor must take care all the more, can sheer be sheered.
Lucky China office was Kang Dexin to issue " cannot express an opinion " audit report, listed 10 big doubtful point, enough shows what lucky China signs up for to Kang Dexin money to approbate spending that is those who comparative is low. Unscramble in vain continuously, "Cannot express " the potential meaning of the opinion is: This is false, need not look!
Be opposite below us the one by one of 10 big doubtful point of lucky China brief judge, understand in order to help a reader:
1, the case that large stockholder capital takes up. Be in early on January 20, kang Dexin explodes a case that is put in capital be takinged up by large stockholder, but layer of Kang Dexin management cannot maintain company presence large stockholder to take up truly definitely the particular case of capital, lucky China cannot be gotten take up with afore-mentioned large stockholder capital the sufficient, proper audit evidence related item, reason cannot judge the influence that large stockholder capital takes up financial to Kang Dexin forms for reporting statistics produces item.
Love stock judges: Actually this and from the back the place that the 3rd existence overlaps, kang Dexin and large stockholder had gotten along became a family, the money of the fund that reachs last company and large stockholder is foolish foolish cent is not clear. According to money new network reports, on the load holder meeting that held this year in January, effective control person of Kang Dexin, when Mr Zhongyu that assumes president says, appear on the market company capital and large stockholder are mixed in pool of a capital, large stockholder divert at carbon fiber business, and equity impawn filling storehouse.
But give annual report till Kang Dexin, the money of large stockholder and appear on the market the money of the company also is done not have from beginning to end " share " .
2, the authenticity of go back of company big sale and accuracy.
Kang Dexin is in the process that to 2018 year management activity has be checkinged oneself, to doing business what company Zhang face already affirmed formerly partly income undertook Wu is handled selling go back Zhang, but audit orgnaization cannot obtain sufficient, proper audit evidence, at the same time also impracticability replaces a program effectively to affirm with getting sufficient, proper audit evidence to give further, cannot judge the accuracy of the authenticity of this item and processing of company Zhang Wu.
Love stock judges: If the items of an account of a company has a problem certainly, so income affirms this one goes up to become heavy disaster area very easily, for instance industry of Kang Mei drug was invented " buy oneself sell oneself " , " change automatically now " creativity is achieved receive skill.
And big sale go back of Kang Dexin, the likelihood is meant, him personnel also does the finance affairs of some time companies to not be clear that those goods should be in which time place affirms sales revenue.
3, the appropriate sex of the authenticity of monetary fund, accuracy and exposure.
Lucky China is right last year end 12.21 billion yuan bank deposit remaining sum, implemented the audit program such as card of examination, case, but fail to obtain sufficient and proper audit evidence, cannot judge afore-mentioned company bank deposit the appropriate sex of the authenticity of period end remaining sum, accuracy and exposure.
Love stock judges: 12.2 billion yuan deposit, occupied a company to become brushstroke figure completely actually when the of 80% brushstroke money of futures money fund, not active, cannot spend, also cannot repay debt! Is this to take number everyday 0 play?
4, other blame in liquid assets of following money trade essence.
Began in June 2018, the photoelectricity of Kang Dexin of harbor of wholy-owned subsidiary Zhang Jia of Kang Dexin company and Sai Dingning wave sign a series of commission to purchase equipment agreement, use at project of film of function of 102 million advanced high polymer and project of naked eye 3D. Kang Dexin photoelectricity pays a RMB 2.174 billion yuan facility according to contract agreement purchase imprest. But a letter that the company did not receive the Ning Bo that surpass a vessel however, also did not receive afore-mentioned each purchase material and equipment of group of model of naked eye 3D, cannot judge money of the imprest Ning Bo that surpass a vessel accordingly trade essence.
Love stock notes: Although Kang Dexin lacks cash those who be short of is fierce, the accrual of medium a few ten million does not return some loan to go up, but but expert,move on prospective project, a good deal of one brandish advanced 20 give others more.
And more interesting is, this money did not mention expressly date of delivery, and trade what adversary also just follows forecast is same even if a box that pack perhaps purchases equipment,also did not give Kang Dexin from beginning to end.
5, of receivable Zhang money can reclaim the gender reachs bad Zhang the accuracy that preparative plan carries.
6, goods in stock cheapens the accuracy that preparative plan carries.
Love stock judges: The 5th mixes the 6th is the problem of platitude, a few management not to be pooh-poohed is not finance affairs builds false company to also may appear receivable money goods in stock increases gradually or perhaps be faced with big plan the question that raise. In Kang Dexin in this example, end there is 6 billion in all by 2018 receivable money, its are trapped carried the preparation reducing a cost of 1.2 billion. Basis the view of lucky China, accountant office also does not clear Kang Dexin is to share what is the money that can call in clear, what is the fund that receives to be not answered, also be one big oddity.
And in respect of goods in stock, kang Dexin at a draught plan carried the goods in stock of 495 million, lucky China cannot decide among them what is the basis that the goods in stock of 457 million cheapens. The true sense that gives a person is, kang Dexin has a kind of my items of an account I am done advocate, people does not look so that understand not to put in the manner that I am in charge of 's charge.
7, can produce the accuracy with period metric end for selling golden financing.
Love stock judges: End 2018 the end of the year, can produce what Kang Dexin has 4.2 billion for selling golden financing, 12.34% what capital of this kinds of finance occupies Kang Dexin total assets. Lucky China cannot undertake to this asset effective and metric, and love stock thinks this asset is put probably in tremendous moisture.
Kang Dexin appeared to be as high as many yuan 40 on Zhang till the ability end 2017 " can produce for the golden financing that sell " , and we know, kang Dexin these two years all the time very lack cash. The big imprest that mentions in preamble with us is similar, one is short of the company of money so, by as usual manage won't be taken anyhow 2 billion when imprest, won't lend money everywhere at the same time more, investing accountant office to look not to understand at the same time " financial capital " .
8, business praise the accuracy that reduces a cost.
Up to on December 31, 2018, business of Kang Dexin company praise Zhang face is worth fifty-nine million and eighty-six thousand yuan formerly, kang Dexin plan promote trade praise decrease a value to prepare forty-one million five hundred and fifty-six thousand yuan, cannot judge business of period end of Kang Dexin company praise the accuracy that decreases estimation to carry.
Love stock judges: Before comparing Yu Zhi at every turn it the capital of a few is done is not clear that the capital of a few is done, the business of a few ten million praise decreased a value to be become actually to Kang Dexin " small issue " .
9, the influence of major uncertainty.
Health violate newly because of information exposure rule is supervised to supervise investigation of commission put on record by Chinese negotiable securities; Company capital is in short supply, cannot repay expire debt and involve more lawsuit, stop up to this report day, afore-mentioned item are undertaking in, still have no final verdict, the influence that cannot judge its to arise possibly to forms for reporting statistics of Kang Dexin finance affairs.
Love stock judges: Appear on the market company letter is approved break the law violate the cost of compasses too low, highest it is amerce only 600 thousand. So, wrap around in the light of the letter violate compasses be investigated by put on record, kang Dexin may be amerce greatly very finish sth. To Kang Dexin, how is litigant pressure dissolved, just be important test of future. Current, lawsuit of 50 million above mixes the RMB that Kang Dexin involves arbitrate 25 cases, aggregate involve amount 3.2 billion RMB, 21.85 million dollar, and Kang Dexin and wholy-owned subsidiary are the accused part entirely, and accuser is business of bank, certificate entirely almost, fund company. As we have learned, these lawsuit, concern with loan and issue of debt of short be in harmony more.
10, any other business.
Love stock judges: Kang Dexin is renovated to the beautiful type of all sorts of technologies that make a holiday, force oneself went up blind alley. For the angle that manages from production, the to bond break a contact before this and major account are frozen by the bank, the company can be used at producing manufacturing resource to be in to decrease ceaselessly.
On the other hand, because Kang Dexin is violated compasses be met to investigate by card inspect, abbreviation of company negotiable securities also was worn the cap of ST, its financing ability will be compared before weaker, and this meeting makes Kang Dexin's production runs a side more lack cash.
2, the company management layer of boiler of whose this back
Become once " Bai Ma " when exposing its true colors, calculate not clear company when an items of an account however can when apogee has one billion two hundred and fifteen million seven hundred and fifty-two thousand one hundred and ninety-two market prise, we should think over not only, be what element accomplished Kang Dexin after all such " bogus Bai Ma " ? After all who should by " Bai Ma " is one night Bao Lei responsible?
We most the administrative layer that is about to notice a company first, it is problem of company items of an account is mixed inside the first line of defence that controls a problem, in fact Kang Dexin is in this year can successful Bao Lei, thank Kang Dexin is in the beginning of the year had vote of board of directors this year, new the trustee that assume office was opened appear on the market the scar of the company.
Kang Dexin the 4th board of directors the announcement of resolution of the 4th conference and later relevant correct announcement shows, kang Dexin had digital trustee to cast blackball to perhaps abstain to content working related the company 2018 ticket. So that Kang Dexin " working report of year board of directors is second reading 2018 " and " what 2018 year final accounting of revenue and expenditure reports is second reading " did not pass for a time (trustee Yu Yao transformed later footing just makes afore-mentioned two second reading can refer shareholder plenary meeting to discuss) .
The 4th times in the 4th board of directors the nay on the conference perhaps abstains the trustee beyond of the ticket preciouses jade, alone direct Zhang Shuhua, alone Dong Yang smooth abundant, alone Dong Chendong all is the trustee that assumes office newly 2019.
Among them alone Dong Chendong is in not only the 4th board of directors of the 4th conference vote on, besides " distribute program about having profit 2018 beforehand case " this one second reading outside casting ay the others to all abstain, it is to second attending a meeting this to choose abdication directly later more.
Apparently look, kang Dexin passes ego to change, large-scale change trustee revealed oneself problem, but Kang Dexin can so do the skill that follows superintendency layer greatly however to concern. On January 22, 2019 evening, kang Dexin releases announcement to say, the company is violated because of be suspected of information exposure breaking the law compasses, be met by Chinese card inspect investigation of put on record.
Later choice of jade of the effective control person of the company, president bell resigned on Feburary 11. In subsequently and come change a vote, appear on the market the Dong Jian Gao Jin of the company went to change large-scaly, kang Dexin still is asked ask by bourse because of this matter.
But right now we must think, if card inspect can do not have investigation of put on record, so is Kang Dexin still met large-scale change trustee? Of if Kang Dexin " old " trustee people return v/arc be on the throne, are they met does to oneself the working circumstance nay of lieutenancy perhaps abstain ticket?
At present China is being carried out register make, and the sufficient exposure that registering a when make very important facet is a company. As once of one billion two hundred and fifteen million seven hundred and fifty-two thousand one hundred and ninety-two market prise " Bai Ma " , the close that Kang Dexin covers his issue for a time apparently.
If is adopted register the division that make to achieve board the company appears a few ways that imitate layer of a management, that is sure to bring huge loss to investor. Inspect can is in card to undertake investigating to Kang Dexin's problem at present, and exposure hind signed up for 2018 in Kang Dexin, we believe investor is sure also poll with the foot, let Kang Dexin suffer from one's own actions.
3, the tripartite orgnaization of boiler of whose this back
Besides appear on the market the company is changed before outside managing a layer, tripartite orgnaization also is existing the phenomenon of nonfeasance, and of be the first to be affected is orgnaization of audit of Kang Dexin annals office of lucky China accountant.
We had mentioned office of lucky China accountant in front a few obvious doubtful point that to Kang Dexin money signed up for 2018, the money that loves a stock to review Kang Dexin signs up for discovery, a few doubtful point that lucky China place mentions are far not be Kang Dexin year end just appeared 2018.
Kang Dexin is in early the balance sheet was registering the receivable Zhang fund that surpasses 4 billion 2016, be in early appeared 2015 phenomenon of tall loan of fast ready money, what appeared to should not to often manage is in early by 2017, can produce more than 4 billion yuan for selling golden financing. But inspect of card of place of work of lucky China accounting will be right before Kang Dexin put on record, pay no attention to afore-mentioned unusual appearances, right Kang Dexin 2017 annals the audit report that issued a standard not to have reservation opinion.
Pearl River is different in the middle of the audit orgnaization with industry of Kang Mei drug, audit orgnaization of Kang Dexin place of solid Wu of lucky China accountant is famous home 8 big. Lucky China is in charge of audit of Kang Dexin annals working all the year round, but after till this year inspect of bond beak a contract, card meets Kang Dexin to undertake to Kang Dexin put on record is investigated, what just discover newspaper of Kang Dexin money is medium is unusual, our far more than can be described with disappointment.
On Kang Dexin's problem, accountant office is not exclusive a tripartite orgnaization that err. In fact business of a lot of certificate and fund fell big fall on Kang Dexin body.
Love stock statistic discovery, on January 1, 2017 - during May 5, 2018, each large certificate business released 74 to Kang Dexin look to grind more newspaper, perhaps look to grind for nothing without a neutral newspaper. And till 2018 3 quarters end, the fund of hold Kang Dexin still has more than 30.
In Kang Dexin in this example, appear on the market the Dong Jian of the company is tall responsible without diligence, the auditor of accountant office appears on the market without seasonable discovery problem of company items of an account, bargainor analyst is recommended to recommend, and fund manager also was not done good before investment fulfil one's duty survey.
Till Kang Dexin meeting put on record investigates inspect of bond beak a contract, card, these muddleheaded tripartite orgnaizations just as if wakening from a dream. Be Kang Dexin orgnaization of nonfeasance of predecessor management layer, tripartite is ceaseless " make muddleheaded " just brought up Kang Dexin this once of one billion two hundred and fifteen million seven hundred and fifty-two thousand one hundred and ninety-two market prise " bogus Bai Ma " legend.
