On April 30, a appear on the market company annual report announces an end, manage by as usual, appear on the market company and bourse should have a paragraph small a little " at leisure " days. But from the point of near future announcement, no matter be to appear on the market,the company still is bourse, busy still " the foot does not choose the ground " .
According to volcanic gentleman statistic, since May up to on May 14, share 328 to appear on the market the company was released about receive or the announcement that answer makes place ask ask case, among them 182 appear on the market the concerned announcement of the company involves annals to be asked ask. And as time elapse, still have more appearing on the market the company is asked ask because of all sorts of reasons.
This proof, bourse fulfilled pair of annals and declared examine and verify seriously. And appear on the market the company faces a problem, also must prepare very detailed result. From the point of the content that asks ask, involve appear on the market the square field surface of the company, have financial data already, also concern announce at information. More important is, without giving thought to the stand or fall of company outstanding achievement, want bourse to think some item need more detailed exposure only, likely up city firm sends letter asking ask.
Send letter asking ask no matter profit and loss:
Every some gain 2 yuan, some deficit 6 yuan
Will see annals ask ask the general situation of case first.
Volcanic gentleman passes the discovery after manual statistic, 182 when ask ask to annals afore-mentioned involving that appear on the market in the company, the company of gain slightly over deficit company -- the company of gain in all 102, the company of deficit in all 80. Hand in place greatly to appear on the market the company receives annals to ask ask case is more, 169 companies release announcement and annals to ask ask case is concerned, and Shanghai city is 13.
In the company of ask be askinged, outstanding achievement is best is group of peaceful standing grain, go signing up for every accrual to achieve 2.05 yuan year after year. Company of 10 thousand estate, contest asks 4 companies such as source of Kang Da of biology, *ST, clear water every accrual exceeds 1 yuan; Every accrual of 6 companies such as Biyadi is in 0.5~0.9 yuan between; Every accrual is located in 33 companies such as Chongqing road bridge 0.2~0.5 yuan between; Every accrual is in 58 companies such as divine farming gene 0~0.2 yuan between.
And in the company in annals deficit, have amount to every 43 companies loss to exceed 1 yuan. Among them luckily is the most miserable of intense is 1000 yam machine, every accrual is - 6.82 yuan, its every net assets also because of gigantic turn into fortunately - 4.96 yuan. In the meantime, machine of the 1000 yam since May 13 has suspended appearing on the market. In addition, these also there is no lack of to star in former days in huge deficient company, those who be like deep-set crisis is happy inspect a net, and once 100 yuan a windstorm group.
Above statistic data shows a sense adequately -- deficit company nature can be paid close attention to by bourse key, because they often need,show loss adequately to investor reason and answer measure. And even if the company with good profit, be paid close attention to possibly also by bourse because of a few sensitive item.
Again specific see bourse ask ask content. The course reads volcanic gentleman carefully relevant the discovery after case asking ask, the content that bourse pays close attention to this year is centered in the following big fields.
Attention nods one: Asset of a huge sum decreases the rationality of the value
Field of A stock market appeared to be adjusted apparently last year, in market low, face greater outstanding achievement and pressure of market prise government, flat choice is in a lot of companies the end of the year undertakes clearing to asset centrally, plan carry all sorts of preparation that reduce a cost, so that later " take part in a battle with light packs " .
According to data of Wind information count, up to by 2018, share 2042 A appear on the market company presence business praise, business praise total numerical value makes an appointment with 1.31 trillion yuan. And shared 884 to appear on the market 2018 company occurrence business praise the loss that reduce a cost, the amount that reduce a cost is total one hundred and sixty-six billion eight hundred and five million yuan, grow 354.46 ％ compared to the same period.
Hand in what place near future releases greatly to appear on the market annals analysis report pointed out the company 2018, asset reduces value loss bigger to the influence of net profit. Business of company of deep last year city praise reduce a cost 127.8 billion yuan, rise compared to the same period nearly 4 times.
Year end assesses asset value this give no cause for more criticism, but appear on the market the company chooses centrally such when dot, plan amount of all sorts of the preparation that reduce a cost that raise are very huge, as a result at be a burden on integral outstanding achievement. Such behavior is natural the central point that makes bourse attention.
For example, hand in ask of the ask a question below place greatly on May 13 to case, requirement allpass education shows businessman praise the rationality that decreases estimation to carry, oppugn its to pass " finance affairs bathes " means adjustment profit.
Allpass education realized business income 2018 840 million yuan, glide compared to the same period 18.57 ％ ; Profit of net putting in a mother 's charge - 657 million yuan, drop considerably compared to the same period 1091.29 ％ . Its home school is interactive, continue each business such as informatization of education, education all appears outstanding achievement glides.
This is allpass education appears on the market 5 years to appear first deficit, business praise reducing a cost is his outstanding achievement is gigantic deficient main reason. Up to 2017 end, allpass teachs business praise Zhang face value is 1.39 billion yuan, take company period last stage the 62.52 ％ of amalgamative net assets. Allpass was taught 2018 plan the amount reducing a cost that raise amounts to 685 million yuan, take business about praise the half of amount. Teach group of science and technology limited company to Beijing allpass afterwards among them (afterwards of the following abbreviation teachs a net) decrease a value to achieve 609 million yuan.
Hand in a requirement allpass greatly to teach an explanation, the first financial year after afterwards teachs a net to expire in acceptance of its outstanding achievement appears namely the reason that outstanding achievement glides considerably, whether to exist to adjust to achieve outstanding achievement commitment the case of profit; Explain the company spends business with the year before last year praise the rationality that decreases estimation to carry, whether to pass " bathe " means adjustment profit.
Similar allpass is taught such because of plan the company that carries the preparation that reduce a cost to be asked ask still has a lot of. If health division share also was received on May 13,hand in an annals greatly to ask ask case, requirement company defines be opposite inside report period each business praise the method that the project has decreasing is worth checking a process to reach affirm the preparation that reduce a cost; Combine property group range, premonitory, wall bulletin and annals are opposite demonstrative outstanding achievement business praise the account that amount of the preparation that reduce a cost puts in major difference; Profit of company business income, net and the cash flow that management activity generates are net the forehead changes the reason with extent bigger difference reachs the issue such as rationality.
The part appears on the market company plan carry a huge sum to decrease a value to be paid close attention to by bourse, and a few appear on the market company outstanding achievement not problem of beautiful history bequeath is serious, bourse also can pay close attention to whether full specified amount likewise plan carried the preparation that reduce a cost. Be like, *ST100 is spent on May 12 night announcement, the company was received on May 10 hand in a case asking ask, requirement company analyses each year plan promotes trade praise the appropriate sex of the preparation that reduce a cost and sufficient sex, whether to exist clearly ought to plan carry reduce a cost and not plan the condition that carry, analyse whether to put in business praise the risk that continues to reduce a cost.
Attention nods 2: In asking to report to finance affairs, certain and sensitive part explains further
The dot that bourse pays close attention to another times more relatively, it is to appear on the market report of company finance affairs is a few mediumer big, sensitive trade and course.
If be allpass education likewise, annals shows, it rises to considerably to the sale of the biggest client 298 million yuan, take income 35.51 ％ , sale is to go up year 8.4 times. To this, who is handing in a requirement allpass education greatly to show the biggest client, demonstrative both sides trades specificly content and cooperative circumstance.
Volcanic gentleman notices, gigantic the 1000 yam machine that have a deficit and suspends appearing on the market, was issued by accountant office 2018 the audit report that cannot express an opinion. And last year when 3 quarters, its Dong Bi has expressed " unwarrantable money newspaper is true and accurate " .
But handed in place greatly to still undertake checkup to the annals of 1000 yam machine, and a few advocate the sensitive item of business Wu undertook asking ask, the problem that manages what put forward about the company basically includes the following two:
The first, company income appears on the market to basically originate inside report period pharmacy machinery and plastic infusion container combine lid and interface with polypropylene, and product of bag capable person adopts company drug to sell mode to sell continuously, product of partial medical apparatus and instruments is sold by agential representative. Appear on the market the company is formed to selling pattern at present by the requirement the information such as reason, rationality, main client, agent undertakes complementing announcing.
The 2nd, inside report period, appear on the market transfer matic of production of big infusion of bottle of transfer matic of production of big infusion of soft bag of film of company blame PVC, glass does not have any income, divide full automatic outside machine of intelligent lamp check, other business income all has different rate glide. The income that foreign client comes from inside report period at the same time relatively on year drop 7.69 ％ . Bourse asks to appear on the market the company glides to relevant income the circumstance undertakes complementing demonstrative.
Allpass education and outstanding achievement of 1000 yam machine " ugly " be paid close attention to by bourse, but to actorring or actress as accomplishment Tai He group, bourse also put forward to ask ask, the Gou Ji that basically involves forms for reporting statistics concerns, and the financial hidden trouble that exists possibly.
On April 12, group of peaceful standing grain is released annals showed 2018, implementation battalion received thirty billion nine hundred and eighty-five million yuan 2018, add 27.35 ％ compared to the same period; Net profit 2.555 billion yuan, grow 20.25 ％ compared to the same period; Every accrual achieves 2.05 yuan.
The cash flow net specified number that 2018 year management activity produces group of peaceful standing grain is thirteen billion nine hundred and thirty-one million yuan, period end cash and cash equivalent remaining sum are eleven billion five hundred and fifty-eight million yuan; But its are short-term loan and the blame flow that expire inside a year are indebted and total amount amounts to fifty-seven billion four hundred and twenty-eight million yuan, monetary fund enclothes scale to be only to this 0.26. In the meantime, rate of the inventory turnover of group of peaceful standing grain, flow, fast move rate to all give now to fall compared to the same period. In addition, group of peaceful standing grain plan drawing goods cheapens prepare 221 million yuan, to receivable Zhang paragraph plan carries bad Zhang to prepare six million four hundred and twenty-two thousand seven hundred yuan, to other and receivable money plan carry bad Zhang to prepare 147 million yuan.
To this, hand in place greatly to ask complement of group of peaceful standing grain announces: The first, plan correspondence of each the specific and corresponding capital fund that raises the preparation that reduce a cost, asset is process of the specific amount, test that reduce a cost, crucial of parameter choose a basis to wait, explain the accountant handles process and basis; The 2nd, the adversary square name that involves receivable Zhang money, other and receivable money, trade setting, whether to put in related concern with the company; The 3rd, in the light of company president ever alleged external 2017 sale target was to break up one time to reach 200 billion yuan again 2018, reduce asset considerably at the same time the opinion on public affairs of indebted rate, company of the requirement in handing in a place greatly to ask ask case explains real sale reachs 2018 year fall the real progress circumstance of indebted rate.
Attention nods 3: Run difficult company partly take off tired measure
2018, so many company explodes give a huge sum to reduce value loss, among them although there is no lack of,a few companies have " finance affairs bathes " likelihood, but also a lot of companies are in explode piece reduce a cost while, already deep-set all sorts of crises. Volcanic gentleman notices, these " problem " how does the company dissolve the crisis to be solved even manage a problem continuously, also be the key that bourse pays close attention to.
If be in the case asking ask of pair of 1000 yam machine, hand in place greatly to mention, the integrated service that at present 1000 yam machine retains Great Wall asset to manage branch of Inc. Hunan Province to recombine as debt is advisory, the requirement appears on the market the essence that the company shows to at present debt recombines makes progress.
September 2018, 1000 yam machine and asset of Great Wall of company of financial asset management sign an agreement, great Wall asset plans to offer the package integrated finance that includes asset to recombine inside to serve for 1000 yam machine. Hand in a requirement greatly to appear on the market the understanding that company complement shows to whether essence obtains relevant finance orgnaization at present and support, whether had happened smoke borrow, stop borrow wait for case, ask whether company exposure and Great Wall asset manage substantial program, whether to already decide debt, asset to wait recombine means, when to hold creditor conference the 2nd times to wait.
*How is the candy austral ST twisted tired also be paid close attention to by bourse. Company 2017, profit of net of attributive 2018 parent company is respectively - mix 194 million yuan - 1.363 billion yuan, unless,buckle regular the amount after increase and decrease is - 282 million yuan are mixed - 1.445 billion yuan. Company stock already was carried out to retreat city risk caution on April 4, 2019.
Hand in place greatly to enquire to the candy austral *ST: "You ever were in to me annals asked ask case to say in the reply 2017, will adopt a variety of measure to guarantee prospective profit. Ask a company to be in the influence company such as trend of change of price of analytic white sugar to last on the foundation of business ability element, explain you are relevant 2018 of measure fulfil a circumstance to reach what planned to adopt 2019 to answer measure. Explain you are relevant 2018 of measure fulfil a circumstance to reach what planned to adopt 2019 to answer measure..
Attention nods 4: Certain heat problem
Volcanic gentleman notices, be worth what carry is, in information explosion times, of problem of heat of a few societies ferment also may give the person that superintend " inspirational " , to appearing on the market a few easy in the past uncared-for problems of company give attention.
Wang Qian of female this year graduate student goes running quickly 4S inn thought fors the time being, caused a society to buying a car when " finance serves cost " heat is discussed. And appear on the market after the company signs up for exposure than Yadinian, handed in place greatly to pay close attention to Biyadi not only the circumstance that outstanding achievement drops, also enquire to Biyadi at the same time have serve cost to collect fees without finance.
Annals showed Biyadi 2018, company business income is one hundred and thirty billion and fifty-five million yuan about, grow 22.79 ％ compared to the same period; Vest in appears on the market the net gain of company shareholder makes an appointment with 2.78 billion yuan, drop compared to the same period 31.63 ％ ; Vest in appears on the market of company shareholder unless,buckle regular the net profit of increase and decrease is 586 million yuan about, drop compared to the same period 80.39 ％ . Hand in place greatly to ask ask case requirement Biyadi to the circumstance of fall off of allowance of car of new energy resources reachs an influence, the gross profit of product of new energy resources of the company after calculating fall off of comparative and listed allowance is led, explain should reach the concrete step that intense competition takes market of car of new energy resources to fall off of allowance of car of new energy resources.
In the meantime, hand in a case asking ask greatly to still ask Biyadi shows the management pattern of car finance, check its to whether exist to serve the situation of cost through agency collection finance oneself, the main and financial data that provides car finance nearly 3 years explains its manage a case.
And on May 15 evening, biyadi released a reply to make the announcement of a case asking ask greatly, point out car of new energy resources popularizes grading of applied finance allowance tone is decreased make company car business suffers an effect, and cost of research and development, financing rises is the main reason that company outstanding achievement drops.
In addition, biyadi expends a problem to express with respect to the financial service of heat, firm of its car banking is to pass a variety of channel finance, with each district Biyadi signs agreement of cooperation of market settle or live in a strange place to buy car user to extend to its loan by inn of 4S of the brand that use a car the car consumes loan. "Via be being checked oneself, biyadi car banking firm is nonexistent the circumstance that expends to client and service of banking of cooperative agency collection; Next, nonexistent also pass cooperative agency to loan client collection the circumstance of any charge. Company forbidden agency expends name with car finance to client collection any charge. Company forbidden agency expends name with car finance to client collection any charge..
Afore-mentioned 4 o'clock is volcanic gentleman only summary gives exchange a few when to appearing on the market 2018 company annual report pays close attention to kinds big. Actually, if browse carefully announcement, the problem content that can discover bourse puts forward to a lot of companies is various, and very professional. And appear on the market company answer also is to count a page at every turn occasionally even of tens of pages.
To investor, bourse undertakes asking ask is helpful for getting more detailed, open, transparent information really in detail. The basis concerns data statistic, after information announced direct car to reform 2013, the superintendency phenomenon of form of case asking ask makes the important instrument that capital market superintends gradually. Financial 2016 report asks ask case makes an appointment with 666, buy recombine case asking ask to make an appointment with 470, other type asks ask case makes an appointment with 646; Financial 2017 report asks ask to letter totals 712, buy recombine case asking ask 333, other type asks ask cases 908.
Beyond question, appear on the market the company has been done manage, create value truly, maintain with investor good and interactive with communicate, is to rely on bourse to superintend not just ask ask, every investor hopes to see.
The article comes from volcanic fortune
