In field of A stock market, finance affairs makes a holiday is not a case, but in the time that influenced 1 year in the past, appeared the white horse company that many finance affairs create a holiday, this is a lot of righter " value investor " brought tremendous shaking, besides do not believe love, it seems that people also cannot believe Bai Ma.
I made investment of ten years of stocks, never had stepped on finance affairs to build false thunder, have the part of luck, but also have factitious factor.
Should leaf through these finance affairs when the financial forms for reporting statistics of company of horse of cruel Lei Bai, I cannot persuade myself to buy these shares at all.
Good, the dried food of the portion begins to put in everybody now: How to mix according to financial forms for reporting statistics common sense, does escape finance affairs create false company?
Go 1 year in, have 2 representative companies quite, industry of Kang Mei drug and Kang Dexin.
Above all, these two companies belong to Bai Ma; Next, these two companies are the financial problem that the past appears 1 year. The problem of these two companies has a lot of likeness to nod, to reduce everybody read tired out move, I decide to basically analyse cruel thunder time to nod industry of more intimate Kang Mei drug.
We see industry of Kang Mei drug be in first " have an accident " the liquid assets data before:
Can see, the monetary fund of the company " very abundant "
See flow again indebted data:
There are 300 much circumstances to fall in monetary fund, the company still has 100 much unexpectedly breath is short-term loan
From on graph we can see, the company is by September 2018, monetary fund is as high as 370 much, 46.21% what occupy company total assets, of this money fund occupy than, review whole A, also do not see more.
In the monetary fund of the company so abundant circumstance falls, can have 120 much banks unexpectedly short-term loan.
According to common sense, this is a stranger thing, our conversion thinks, if on your hand 300 thousand unused money fund, can you go to a bank with the accrual of 8-10% again loan?
This kind of forms for reporting statistics of industry of Kang Mei drug reflects the condition that come out, can be described with a word, cry " put greatly borrow greatly " .
Next, we continue to look, in the profit watch of the company, the interest income of 1-9 month was about 2018 200 million. Approach the unused capital of 40 billion, if be put into remaining sum treasure, income of how many interest does 1 annual meeting produce? According to 3% calculative words, so it is about 1.2 billion, namely the interest that every month can have 100 million, 9 months come down, namely 900 million, we hit even if again fold, this interest income also wants 450 million, do not differ what show with forms for reporting statistics to the data of 200 million very far, this causes our suspicion and vigilance with respect to enough.
The company with big Nuo, the hundreds of money fund of 100 million do not do cash government however, no matter be financial cheat, be undeserved investment.
We continue to come around the monetary fund of the company make an issue of. End in September 2018, the equity impawn rate of industry of Kang Mei drug is 44.22% , this explains the company lacks cash, need financing. If you are the partner of the company, have big real fund, still meet does the equity oneself undertake impawn? This is proposition of a bogus.
Industry of Kang Mei drug appeared on the market 2001, from appear on the market now, the cash extra dividend that altogether extends for partner is 5.142 billion yuan, however mere 2017, the net gain of this company has 4.1 billion yuan, rate of low share out bonus and scale of fast ready money, dispute often violates common sense.
Good, do a summary, if in front these written content, everybody feels to look at a trouble, so direct seeing a result also is possible.
{! - - PGC_COLUMN- - how does} keep away from does finance affairs build false thunder?It is very important to use financial forms for reporting statistics and general knowledge, with respect to the example of industry of Kang Mei drug, summary is the following:
- The monetary fund that shows in forms for reporting statistics, the interest income of generation is far occupy under the monetary fund of reasonable level company than be as high as 46.21% , still be in loan company however equity impawn proportion is high, the specification lacks cash, this and its are tall cash is proportional photograph of forms for reporting statistics is contrary to rate of share out bonus is too low, mean a company actual very lack cash
The core problem of industry of Kang Mei drug, depend on it doing not have fund of so much money, be not however say oneself have. Be like a person to bask in him bank account to have 8 digit all the day, the result has a meal to look for a person to lend money even, this is self-contradictory thing. Even if this individual, his bank account has 8 digit really, so undeserved also make friend.
Investing a stock also is such, when the financial forms for reporting statistics that discovers a company when you has a lot of problems that are contrary to with commonsensible photograph, it does not have even if cheat, that also still undeserved investment.
