Business of the Yangtse River signs up for business of message ● the Yangtse River to sign up for reporter Xu Jia
Game of domestic PC upright network serves ability of You Ke of bibcock enterprise fast quickly (300467.SZ) appear on the market the 4th year is immersed in deficit of a huge sum namely.
Support " fast swims the net swims accelerator " and " fast swims the hand swims accelerator " success of two star product landed deep city to do poineering work 2015 board ability of fast You Ke, because appear on the market hind growth of two years of outstanding achievement is lack of power, began to spread out to buy improvement external 2017 outstanding achievement.
Nevertheless, bright look outstanding achievement is transitory only. The annual report that the company published a few days ago shows, ability of fast You Ke realized business income 2018 731 million, grow 162.76% compared to the same period; But net profit loss 790 million, decrease compared to the same period 871.82% . Among them, to buying mark reach those who invest mark to wait for of all kinds asset plan carry asset to reduce a cost 1.017 billion yuan are the company appears on the market 4 years to come the main reason of first degrees of deficit.
Business of the Yangtse River signs up for a reporter to notice, express commitment of half-baked second year outstanding achievement besides what recombine mark besides, occurrence deficit of enterprise of jointly owned of much home of You Ke ability or joint-venture enterprises or outstanding achievement anticipate the fast inside report period not as good as.
Eve, hand in place greatly to allot annals after the event to ask ask case to ability of fast You Ke, the side issue such as the circumstance reducing a cost that invests kind of capital to the company, cash shedding and profit watch spreads out to ask ask in detail.
Appear on the market 4 years accumulative total deficit 500 million
Public data shows, ability of fast You Ke manages advocate business Wu wait for Internet to apply interactively in real time to swim to the net offer a network to quicken service and the discharge advertisement that are based on mobile Internet application software to serve business, for domestic PC upright network game quickens the industry bibcock of the service.
Support " fast swims the net swims accelerator " and " fast swims the hand swims accelerator " two star product, ability of fast You Ke does poineering work at be in deep city successfully in May 2015 board hang out one's shingle appear on the market.
Nevertheless, appear on the market in those days growth of outstanding achievement of ability of fast You Ke already appeared lack of power. Mixed 2015 2016, ability of fast You Ke realizes business income respectively 172 million, 158 million, decrease compared to the same period 3.48% , 8.07% ; Net profit is respectively 60 million, 40 million, decrease compared to the same period 1.35% , 34.11% .
To improve outstanding achievement, ability of fast You Ke began to carry out much pen to buy dilate external 2017.
Business of the Yangtse River signs up for a reporter to inquire discovery, ability of fast You Ke is at the beginning of 2017 with cash 217 million yuan buy science and technology of pluvial Chinese ink after the equity of 13.4% , carry out major asset to recombine again, 2.7 billion yuan price buys up to the growl of lion of enterprise of abroad and mobile Internet 100% equity. Buy ease to move with 100 million yuan price again subsequently infinite 18.1818% equity.
When those, to amount of end capital total was not worth the fast of 800 million to swim only 2016 science and technology, of the growl to lion buy be called by the market " the snake swallows an elephant " type is bought.
As we have learned, the growl of lion held water in April 2014, mixed 2015 realized net profit respectively 2016 - twenty-seven million and thirty-three thousand eight hundred smoke, 124 million yuan, till buy,just realize make up the deficits and get surpluses before one year. Because establish time shorter, the abidance of the growl of lion gain ability also causes numerous censure in the market.
Here the circumstance falls, you Ke ability is opposite fast the growl of lion gave out to even more the tall excessive price of 10 times. Book value of possessory rights and interests is the growl of lion 249 million yuan, the assessment after using earnings standard to evaluate is worth it is 2.778 billion yuan, assess rise in value 2.5 billion yuan, appreciation is led 1014.79% .
Much pen is bought add a body, outstanding achievement of You Ke ability had fast to be improved considerably. 2017, the company realizes business income 278 million, grow 76.07% compared to the same period; Net profit 102 million, grow 161.79% compared to the same period.
But up to 2017 end, discuss with sb face to face of Zhang of ability of fast You Ke praise value reachs 2.27 billion yuan by 0 growth, the proportion that holds total assets of period end company and net assets is as high as 63% respectively, 75% .
However, bright look outstanding achievement is transitory only. The annual report that the company published a few days ago shows, ability of fast You Ke realized business income 2018 731 million, grow 162.76% compared to the same period; But net profit loss 790 million, decrease compared to the same period 871.82% . And came 2015 2017, total of profit of company net profit also is 202 million yuan only. Will integratedly look, came to came to a company 4 years 2018 2015 amount of accumulative total loss achieves 588 million yuan.
This year first quarter, ability of fast You Ke realizes business income 134 million, decrease compared to the same period 23.39% ; Net profit 72 million, grow 39.77% compared to the same period; But buckle profit of the net after blame 40 million, decrease compared to the same period 21.72% .
Many half-baked outstanding achievement that buys mark is affirmatory
To multinomial investment kind asset plan carries asset to reduce value loss is to cause fast to swim science and technology is tremendous deficient main reason.
Annals shows, ability of fast You Ke is aggregate 2018 plan carry asset to reduce value loss 1.017 billion yuan, the business of the growl generation that basically include to be opposite and buys lion praise plan carry the preparation that reduce a cost 853 million yuan, investment plan raises the long-term equity that forms indefinitely to investing ease to move the preparation that reduce a cost 132 million yuan, form to investing hammer science and technology can offer sell financial asset.
Specific in light of, the outstanding achievement when the basis is bought is affirmatory, the growl of lion came 2017 implementation was buckled 2019 be not profit of net putting in a mother 's charge to part not under 192 million, 249.6 million, 325 million.
From the point of in finished state, mixed 2017 2018, the growl of lion comes true respectively buckle be not profit of net putting in a mother 's charge 194 million, 224 million, the rate that finish is respectively 100.9% , 89.98% . The growl of lion buys acceptance of the 2nd year of half-baked outstanding achievement, but 2018 year already achieved the growl as a result of lion 80% of target of outstanding achievement acceptance, do not spark compensation is compulsory, balance part postpone comes target of acceptance of follow-up year outstanding achievement.
The course is evaluated, the growl to lion expresses ability of fast You Ke 2.27 billion yuan of business that form praise plan promote 853 million yuan of trade praise reduce a cost. The company shows at the same time, if prospective industry produces wave motion continuously, public praise of the product of the growl of lion and service market drops somewhat or other factor brings about his prospective management state is far did not amount to anticipate, criterion company presence business praise the risk that reduces a cost further, be opposite thereby appear on the market the company is current increase and decrease causes adverse effect.
Up to 2018 end, discuss with sb face to face of Zhang of ability of fast You Ke praise value still is as high as 1.417 billion yuan, the proportion that holds total assets of period end company and net assets is achieved respectively 51% , 64% .
And in using infinite investment to ease, ease moves the former partner acceptance of mark to came indefinitely to realized net profit respectively 2020 2017 not under 50 million yuan, 65 million yuan, 82 million yuan. Mixed 2017 2018, ease is moved realize net profit indefinitely respectively fifty million three hundred and thirty-seven thousand five hundred yuan, seventeen million six hundred and five thousand yuan, the rate that finish is respectively 100.67% , 27.08% . Because ease moves what manage outstanding achievement indefinitely to glide, you Ke ability is opposite fast its plan raise long-term equity investment plan carries the preparation that reduce a cost 132 million yuan.
In addition, after because hammer science and technology appears on the market oneself,the company invests never gain, the company is right its plan carry sum plan can be worth preparation for selling financial capital is decreased 30 million.
Those who need an attention is, suffer a defeat besides afore-mentioned investment besides, occurrence deficit of enterprise of jointly owned of much home of You Ke ability or joint-venture enterprises or outstanding achievement anticipate the fast inside report period not as good as, among them Shanghai is propped up bear investment center (limited partnership) deficit 5.87 million yuan, the Hai Yiqi before Shenzhen city believes yuan of investment center (limited partnership) deficit 2.08 million yuan, 88.67% what science and technology of pluvial Chinese ink completes affirmatory outstanding achievement only, successive acceptance of two years of half-baked outstanding achievement. But You Ke ability was not opposite fast its plan carry reduce a cost.
The annals after the event that to fast on May 13 You Ke ability allots asks ask case is medium, agreement of the management case that makes place greatly ask the company combines jointly owned enterprise or joint-venture enterprises, relevant outstanding achievement and outstanding achievement realize a circumstance, the yield that shows pair of jointly owned enterprises and joint-venture enterprises and the computational process of the test that reduce a cost, not plan carry the rationality that reduces a cost, whether to accord with the relevant provision of accounting standard.
Gross profit leads more advanced problem to ask ask
Reduce a cost besides asset besides the problem, handed in place greatly to still pay close attention to ability of fast You Ke mainly the problem of the respect such as watch of cash shedding, profit.
Annals shows, business income of ability of fast You Ke basically quickened service business and mobile Internet advertisement to reveal service business by Internet 2018 Wu of two great undertaking is formed. Wu of the two great undertaking inside report period realizes business income respectively 268 million, 463 million, grow 15.7% compared to the same period, 889.6% , the scale that takes business income is respectively 36.62% , 63.38% ; Wool interest rate is respectively 61.07% , 99.78% , relatively on year grow respectively - 6.97, 0.49 percent.
And 2017, the Internet of ability of fast You Ke serves business battalion to close quickly occupy than ever was as high as 83.17% , mobile Internet advertisement reveals service business to be only 16.63% .
In light of branch product line, inside report period, skill of fast You Ke is main the product swims for fast respectively the net swims accelerator, fast swims the hand swims advertisement of accelerator, mobile Internet reveals 3 kinds big, realize business income respectively 176 million, 90 million, 463 million, grow compared to the same period - 5.35% , 106.33% , 889.6% , occupy current the proportion that battalion receives is respectively 24.12% , 12.38% , 63.38% ; Wool interest rate is respectively 55.4% , 71.72% , 99.78% , grow compared to the same period - 14.59% , 11.96, 0.49 percent.
To this, hand in a requirement company greatly to combine the specific content that each business cost forms and amount, lead contrast with gross profit of industry of person of the same trade, explain each business gross profit leads taller reason and rationality.
Those who need an attention is, expenses rises considerably during ability of You Ke of the fast inside report period, among them cost of sales 255 million, grow 6.38 compared to the same period times, overhead expenses 70 million, grow 66.33% compared to the same period, charge of research and development 68 million, grow 64.18% compared to the same period, the reason all fastens the growl forms for reporting statistics of amalgamative lion, this period the data of the growl of amalgamative lion includes his the charge of 12 months, and on year include a month only (December 2017) charge is brought about.
Among them, promotion of the market in cost of sales and advertisement cost are achieved 244 million, grow nearly 8 compared to the same period times, outclass is other project. In charge of research and development, artificial charge 41 million, grow 102% to go up compared to the same period an outclass is other project, but bandwidth bad news is used drop compared to the same period exceed 5 to become.
Hand in a requirement fast greatly to swim what science and technology explains market promotion and advertisement are expended is specific form, originally this charge and the matching of business income compare report period gender and rationality, and charge of research and development makes fluctuant matter.
Besides afore-mentioned problems, hand in place greatly to still swim to fast the money outside condition of science and technology, have breath indebted, blame is regular increase and decrease, before 5 big clients and supplier and entrust the respect such as conduct financial transactions to spread out to ask ask in detail.
