Business of the Yangtse River signs up for business of message ● the Yangtse River to sign up for Li Shun of reporter of learn on job
A outstanding achievement wall bulletin amend announcement to allow company of compound fat bibcock -- Jin Zhengda (the odd of 002470.SZ) is big and associated trade rise to surface.
Jin Zhengda announced outstanding achievement wall bulletin to amend announcement on April 29, the company realized business income 2018 15.48 billion yuan, drop compared to the same period 21.9% ; Net profit (the net profit with vest in possessory parent company) have 421 million yuan only, drop compared to the same period 41.1% ; Management sex cash flows accident however by on year 1.49 billion yuan of pelter come - 1.54 billion yuan, drop compared to the same period 203.2% .
Those who make a person interrogative is, cash flows the circumstance that be critical, its are as high as the correlation of money of 3.714 billion yuan of big and imprest Zhang to trade not to have objective complete a business transaction actually. And the commerce sex income that audit orgnaization discovers to year exists to be on the move without objective before the company, this explains the company has the suspicion of dummy income. End at present meeting Shandong superintendency bureau checks card watch company issued administration to superintend caution case.
Before amending a report to announce than outstanding achievement wall bulletin, company share price has dropped exceed 3 to become. How does Jin Zhengda explain a huge sum advances the whereaboutldirection of Zhang money is cast off at present predicament, it is the problem that all investor care most.
Net profit year after year drops
"Jin Zhengda is compound fertilizer is successive sales volume of 8 years of whole nations is banner, compound fertilizer of Jinzheng big China leads a brand " , chinese CCTV integrated channel 1 annual permanent advertisement is in as before sow, but Jin Zhengda the scene with earn basin full full former days earthen bowl no longer.
Jin Zhengda did business 2018 and net double fall. Its do business gross income is 15.48 billion yuan, drop compared to the same period 21.9% ; Net profit has 421 million yuan only, drop compared to the same period 41.1% ; Unless,buckle regular the net profit after increase and decrease not 360 million yuan, reduce compared to the same period 45.1% .
And downtrend of its outstanding achievement sends irremediable more. This year first quarter, the company achieves business gross earnings 4.39 billion yuan, drop compared to the same period 36.1% ; Net profit 270 million yuan, drop compared to the same period 48.3% .
Since the best standard that created profit of 1.112 billion yuan of net 2015, year after year of company outstanding achievement glides. Business of the Yangtse River signs up for a reporter to comb discovery, company 2015-2018 year net profit is 1.112 billion yuan, 1.017 billion yuan, 715 million yuan, 421 million yuan, drop compared to the same period extent is 8.57% , 29.64% , 41.10% .
Company advocate battalion answer Hefei, delay accuses commentate conditioner of fat, Shui Rong fertilizer, biology fertilizer, soil. Inside report period, its are integrated wool interest rate is 22.2% , rise compared to the same period 6.1 percent.
Although gross profit is in grow, but the effect that suffers fat price of raw material simple substance to go tall continuously, its sales volume glides considerably. Straight flush data shows, decreased compared to the same period last year 20.51% ,
3.7 billion yuan of correlation trade impeach of imprest Zhang money
A few days ago, meeting Shandong superintendency bureau checks card watch company issue caution letter. The 10 thousand administration that Cui Bin got even pace, financial chief secretary of Li Jiguo, board of directors to take superintendency talk step superintend company president measure decides a book.
Origin is the company is in what announced on April 30 " year reported 2018 " reach " 2018 year built-in control evaluates a report " in waiting for announcement, did not undertake announcing company and Nuo shellfish abundant by the regulation inside report period (China) agricultural limited company (abbreviation " Nuo Bei Feng " ) wait for correlation to just produce big fund come-and-go. And the commerce sex income that audit orgnaization discovers to year exists to be on the move without objective before the company, this explains the company has the suspicion of dummy income.
Audit result shows, company and abundant of shellfish of associated Fang Nuo produce big fund come-and-go. End on December 31, 2018, imprest money remaining sum is 3.714 billion yuan, end audit report day has not get goods, also did not call in money. The unit such as limited company of limited company of trade of company and sunshine Hao Nong, trade of Linyi green force produces come-and-go of larger amount capital, pass imprest money business accounting, up to imprest on December 31, 2018 the unit money remaining sum such as this 608 million yuan, also be collected to purchase a library without objective commodity.
Announced on April 30 according to Jin Zhengda " accuse a partner etc correlation to just take up fund condition examine and verify reports " , 2018 period first, the imprest money of abundant of shellfish of pairs of Jinzheng is big Nuo is - 5.609 million yuan, accumulative total of 2018 year come-and-go produces amount more than yuan 6.853 billion, 2018 year repay amount of accumulative total happening is more than yuan 3.134 billion, remaining sum of capital of period end come-and-go was three billion seven hundred and thirteen million eight hundred thousand yuan 2018. Come-and-go forms a reason to be come-and-go money, come-and-go property is management sex come-and-go.
Business of the Yangtse River signs up for a reporter to check inquiry discovery through weather eye, nuo shellfish abundant is provider of solution of whole of fat unifinication of dissolve of a water. Register capital 112 million dollar, register the ground to save classics of the county that face Shu to open an area for Shandong, control a partner with Jin Zhengda and Jin Zhengda congeneric the county that face Shu. The partner of Nuo shellfish abundant in all 3: Nuo shellfish abundant invests limited company 65.29% , limited company of Song Ling fund 24% , Inc. of group of engineering of Jin Zhengda zoology 10.71% . And this correlation trades circumstance company was not announced.
Management sex cash flows drop 203%
What while financial disorder and outstanding achievement drop, Jin Zhengda is accompanied and come is to manage what sexual cash flows to be poured out of considerably, annals shows, cash of company management sex flowed net specified number to be last year - 1.538 billion yuan, on photograph comparing year 1.49 billion yuan, drop compared to the same period 203% .
The company managed sexual cash to flow last year pour out of nineteen billion two hundred and thirty-five million yuan, grow 8.32% compared to the same period, achieve a history new tall. Management sex cash flows effluent element to have a lot of, big imprest Zhang money is on one hand, be cost of sales on one hand additionally grow considerably.
Nearly 4 years the cost of sales of the company is 833 million yuan respectively, 1.018 billion yuan, 1.456 billion yuan, 1.714 billion yuan, grow 22.13% compared to the same period, 43.06% , 17.74% , cost of sales occupies the scale of business income to also lift ceaselessly, the proportion that cost of sales took business income 2018 is amounted to 11.07% . Fare of company expenses ad was 512 million yuan 2018, it is the defray of the biggest brushstroke in cost of sales, occupy than 29.84% , exceeded buckle blame net profit 1.41 times.
The reason that Jin Zhengda gives out is, company 18 years since quickly " close earth 1 " the market is extended, but promotion expenses increases accordingly, only each charge adds weak quarter of the fourth quarter to always predict to be 200 million yuan.
Area of acerbity saline-alkali soil already occupied farmland face to accumulate 60% above, long-term the element such as the excessive fertilization since brings about edaphic quality to degrade badly. Here setting falls, relevant section puts forward 2020 chemical fertilizer the target of 0 increment. The company was rolled out 2018 with " close earth " the close earth that is a delegate grows series product. "Close earth " the growth motive force that whether can become company outstanding achievement can stay only the proof develops after waiting for.
