The truth fact of the company cannot be gotten!
-- forgive is fat
Forgive is fat the truth fact that once said a company cannot be gotten, especially the company is outside interest relative, for example in small investor is potential perhaps in small investor, when doing an investment to choose, great much time always is in kink enterprise is what circumstance after all.
What is just the truth of the enterprise? Actually, run in capital market in, the fact is not important, because this truth fact cannot be gotten! The only basis that we judge is the signal that the enterprise issues, itself of enterprise of and rather than, the capital movements of the enterprise is signal, company processing activity is signal, financial forms for reporting statistics also is signal.
The person outside the enterprise is mere and OK signal of bring into contact with, will judged an enterprise after all what to produce with this, want to always be remembered well at the same time, that is signal merely, is not enterprise itself.
Before, called animal to work 10 seek advice for years and invest, it is go to outside the enterprise inside look, try to hold the truth of the enterprise according to outside data namely, make investment qualitative opinion. Later, did 10 old businesses again, be look from inside the enterprise, after going to the enterprise, the enterprise is in before discovering this exterior publish a material through studying a company, win an affirmatory verdict, really difficulty is very great.
Although some companies gave a business, the result has come out, farewell crosses a head to read their open material, what to hold very hard still after all to happen? Well-known like negotiable securities analyst once had said: He entered the industry of this fortune-telling unfortunately by accident.
" Vajracchedika-sutra " the cloud: All promising laws, be like pipe dream, if dew also is like report, should view the matter in this light.
As a result of the enterprise outside person obtains industry data not integrality, the prospect that be enlightened studies to the enterprise makes public a data to win whole industry case too is quite difficult.
Right now, we often appeal at intuition, and instinctive great much time belongs to a kind of individual gift. For example answer dawn is famous accounting professor Li Rushan has said: "Take a Zhang, I am heard know to have a holiday. " this belongs to intuition, or a kind of dark knowledge. "I see your brother skeleton Qing Jiyin hall shines, become great cause surely. " this also belongs to intuitive dark perhaps knowledge.
But it is difficult to intuitive dark perhaps knowledge is delivered or impart, the knowledge with instinctive affirmatory unlike, we pass established methodological study to be able to be obtained. For example accountant, we learn a course, can see financial forms for reporting statistics, can read company annual report.
Nevertheless, you look to had known, this majority relies on intuition. Swim for example, the coach imparts natant knowledge to you, you still won't swim, you must jump down, drank two saliva nature to be met, what do this call, practice.
Dark knowledge is intuitive perhaps obtain, two kinds of methods: One kind is personal practice, nevertheless the finite sex photograph of the infinite sex of the boundless universe and our life is compared, the issue that we can carry out personally is real very finite; Additionally one kind, it is imitate, our imitate is in incident, feeling with experience.
For example literature, for example the film, it is dummy a setting, tell a story, let our imitate be in the process of incident, also did not let us carry what formula on the back it seems that, what did we acquire it seems that, this is instinctive of dark perhaps knowledge deliver a route or method.
Often seeing case also is same method, we look today new 3 board case of solid Wu of a strange flower, education winning a vessel cancels him money of 110 million receivable Zhang, hear dangerous signal.
Solid Wu case -- education winning a vessel
Win vessel education, was in on July 31, 2015 new 3 board hang out one's shingle make over, code 833173, transferring the company business that says in the manual publicly is: The company is dedicated enter oneself for an examination at the university entrance exam online education field, basically offer what be an organic whole with seeking advice below online education and line is all-around the educational product that solves high school to give birth to university major fixed position and the university entrance exam to enter oneself for an examination, offer the university entrance exam to enter oneself for an examination at the same time service and professional program seek advice to seek advice from a service below the line.
2013 - the income profit circumstance 2016 sees figure below:
Look at such income profit data, your feeling how, profit is really much, right incorrect, can make money too, you want to know certainly, what they sell is what enjoys meaning profit so tall, whitening? Or the boss grows so that resemble Wang Junkai, have countless vermicelli made from bean starch altruistic dedication.
The basis publishs a material, these 4 years, education winning a vessel has a kind of product only, the university entrance exam enters oneself for an examination club product (still a the university entrance exam adds minute of product) , help high school give birth to a choice to sign up for the product on the line with volunteer the university entrance exam namely actually. This kind of product is one-time make, learn on user net, terminal limit cost is basically 0, so you look, income is main be profit.
This has bit of reason it seems that, the university entrance exam enters oneself for an examination the sale means of club product, look from data and media coverage, estimation is layer upon layer area buys outright type representative sale, province generation takes money from the company, approve city generation again, begin layer upon layer representative, resemble passing a bit sell pattern, final sale gives high school student to use.
Education winning a vessel affirms the time of sales revenue is nodded, it is direct (the province is acting) when the agent signs stock contract to acquire a product, is not to be in when the sale gives terminal the user. In 4 years, the agent of education winning a vessel is all, this bit is very important, knock blackboard, the majority is an individual.
This mode, have a characteristic, can adjust through approaching goods agent namely income affirms, this accounting standard admits. If the agent did not pay total money when buying outright type to take money, when affirming sales revenue, the money that did not get thinks truly receivable Zhang money.
You say this mode wants IPO, play certainly, because can operate link is too much, if be true,trade, sales revenue affirms after can shift to an earlier date through the adjustment of credit policy or be being delayed, OK also and dummy agent or the friend helps, walk along a contract to take a money, next income came, especially the agent is an individual when, more not easy from card innocence.
New nevertheless 3 board not be IPO, not so strict, the accountant that gives audit report is approbated go.
We see education winning a vessel be in 2013, 2014, sell dimensions namely 1 thousand, be in profit and loss basically to balance position, impression is the small company of a newly established, send force suddenly 2015, the income of near 10 times grows, the profit of hundreds of times is growth, choppy, became net profit to pass the big company of 100 million.
This is a kind of discontinuous growth, mutation mutates namely, it is microcosmic that come to an agreement or understanding listened erupt greatly, offensive did not say, also may be a dream.
The thing has odd to have person or event associated with evil or misfortune surely, come up against an immortal possibly also nevertheless, it is monster and immortal, possible, do not cross monster and immortal, have a common characteristic: They are not people.
Special to choppy need want vigilance, education winning a vessel erupts this growth disclose is to tell a story, the agent was believed, or the agent was believed can continue flicker gets offline the agent profiteers, or investor was believed also go, anyway all round the person was believed, the story can be told go down, game can play go down, this story calls animal to had listened to win a vessel to teach boss road to act, of eloquence bar bar, have this actual strength.
Signed consign of the contract that save era product (since the product is content of the software on the line, consign looks from entity is a formalities, it is good to give a password) , affirm sales revenue, the agent made one fraction paragraph (annals counted the basis 2016 according to, before the sale 5 with before receivable Zhang money 5 contrast, partial agent pays to have 8.31%-25.8% only) , odd part thinks truly receivable Zhang money.
As to, 2015-2016 year, after all terminal sells go out how many product, did not show in public data, if goods is in agent (channel) in the hand, be dangerous, alarm bell is long cry.
Arrived half an year signed up for 2017, mutation of wind and cloud, newspaper of declared half an year showed on August 28, 2017: Did business to income falls considerably and produce loss first half of the year 2017. Company implementation business income is only first half of the year three million and ten thousand two hundred yuan, relatively on year the corresponding period glides 95.96% .
Remember 2016 first half of the year, income is 74.54 million yuan, returned 3.01 million yuan from 74.54 million yuan, it is a mutation, right.
Look monster is monster after all, cannot become an immortal. The net gain of partner of vest in parent company is deficit 31.83 million yuan. Should know 2016 income 180 million, net profit 100 million, altogether of annual of cost cost expenses 8 ten million, 2017 first half of the year, income 3 million, basic it is the feeling that business was finished.
Just as one would expect, the ace product that says the company comes 4 years in newspaper of 2017 half an year also is only product, the university entrance exam enters oneself for an examination club, did not play, send a person freely, did additionally " a bit horse " product of robot of the university entrance exam, begin all over again is additional open business.
The agent that there still is 110 million on Zhang 2016 is receivable Zhang money, did not want, sum reduces a cost, should know 2016 altogether income 180 million, net profit 100 million, this falls to make an original shape directly, saw amorous feelings last year 10 thousand kinds, visit green-faced and long-toothed-terrifying in appearance this year.
Half annals was released 2017 with day, the superintend and director of education winning a vessel guides smooth old negotiable securities releases certificate trade " about Beijing Inc. of science and technology of education winning a vessel manages strategy to adjust reach receivable Zhang fund the risk clew announcement that sum plan carries bad Zhang " , say:
Education winning a vessel announced on August 28, 2017 " Beijing wins a vessel to teach Inc. of science and technology the 2nd board of directors announcement of resolution of the 2nd conference " in discuss through " what manage strategy to adjust about the company is second reading " , refer 2017 the 5th temporarily shareholder plenary meeting discusses: "(1) offer the university entrance exam freely to enter oneself for an examination product. (2) the collaboration that adjusts company and agency. Enter oneself for an examination as the university entrance exam the product is changed freely reach the university entrance exam to carry minute of product to be upgraded to replace by robot of division of name of the university entrance exam of a bit horse, the agency of company and this two products is in friendly stop to cooperate in succession on negotiation foundation and terminate a contract. Already sold agency but did not sell the product to terminal to call in shut, agency have not the tail section of pay is fulfilled no longer. " education winning a vessel announced on August 28, 2017 " half year reported 2017 " middle finger goes out afore-mentioned stop to cooperate with two products agency and terminate a contract " will right profit of company this year causes certain loss, predicting loss is report period end value of face of Zhang of receivable Zhang money adds up to 11, 10 thousand yuan. 10 thousand yuan..
Message, the following day, share price of education winning a vessel once upon a time closing quotation 7.08 drop greatly 5.5 yuan, again comparative increased price surely 2016 20 yuan, this loss but big.
Cancel oneself the receivable Zhang money of 110 million, it is the capital fund that him enterprise abandons him, the debt of exempt others. Annals won a vessel to teach total assets 2016 is 347 million, get rid of 1/3 asset at a draught, from profit watch angle looks, 2016 is a deficit actually.
Call animal to look seriously to make over manual and annals publicly, agree with the common sense that makes animal, try from public data, annals, financial data, the exact place of the problem is found in forms for reporting statistics and annotations, perhaps say qualitative, make a holiday for example, it is very difficult really, can say doubt is like only possible perhaps, it is to play after all was bungled to have no way out, be forced smash a pot to pieces just because it's cracked -write oneself off as hopeless and act recklessly, start all over again of true still changeover train of thought is achieved again brilliant, really have no way differentiates.
Analyse to making public the periphery of the data so, can not decide this is a good company that is worth investment, but, public data provided a few information really, let you notice a risk, we may connect that is to say to analyse public data to remove bad company too.
In education winning a vessel in this law case, besides the danger signal from sale mode and smell out of financial data mutation, the angle that we still can administer from the company tries to discover dangerous signal, we also come a belated action or advice.
Win a vessel to teach the bad signal that the company administers:
Violate compasses collect endowment and violate compasses fry
On August 31, 2015, half an year signed up for announcement of education winning a vessel 2015. Before a month, on July 31, education winning a vessel is in new 3 board hang out one's shingle, in half annals memorabilia of the first page has a paragraph of such words:
2015 5-6 month, company classics and add 9 investor newly to negotiate 100 million yuan to sign an agreement consistently to draft collect capital respectively. Up to on June 10, 2015, science and technology winning a vessel receives 8 to add investor newly aggregate 95 million yuan of capital. (investor of another natural person invests a money 5 million yuan not pay) . On July 7, 2015, company with 95 million yuan directional issue collect capital and company own reserves 5 million yuan aggregate 100 million capital invests conduct financial transactions, use at buying share of 2 class market. Matters concerned company is narrated to have not fulfill in-house and decision-making process before, did not inform sponsor certificate business.
Education winning a vessel declared company rules showed on July 27, 2015, the company is bought inside a year, sell major asset perhaps assures amount surpasses a company latest issue of classics audit total assets of 30% , pass with special resolution by shareholder plenary meeting.
Education winning a vessel half an year signed up for 2015, end on June 30, 2015, company total assets is one hundred and fifty-five million four hundred and sixty-one thousand two hundred yuan. Will invest share of 100 million yuan 2 class market on July 7, beard by shareholder plenary meeting special resolution is passed, should invest behavior to belong to exceed one's authority to violate compasses act apparently, theoretic the expression that telling is company processing invalidation.
See this, we want high vigilance, xiaogong manages, boss and company do not break up is normal, the boss accuses absolutely, although attend a meeting partner to also do not have a problem through special resolution, but you came capital market, most the requirement of at least defends established practice namely, act according to the rules, if observe boss cannot toe the mark is not awe-stricken and regular, OK now mess things up, although after the event proves this one stock invests behavior,earned 2000 much, it is meddlesome it seems that, alertly custom has not wanted to abide by.
But, this kind of Gao Feng invests the stock nearly is not the aim that investor takes money to give you originally, if investor takes money to give you,be to fry, so it is good to go buying stock fund, cast your education business to work? In the meantime, danger depends on, the boss does not defend established practice on this thing, other issue also has height to may not defend established practice, this calls have a restricted view to peep leopard, dangerous signal.
Two change accountant and defer exposure annals
From the enterprise exterior in light of, the financial report that passes accountant audit is source of the core that public company information announces and main message, the stability of accountant is an important company processing signal, wu Yuwu of famous accounting professor has said university of Hong Kong Chinese: Audit is the business!
Nature's mystery of hit the mark with a single comment, accountant uses up shoulder to bear position of tripartite justice and responsibility, but the behavior that audit is accountant of employ of company beautiful cash after all, disclose is a business, so the foundation of accountant justice sex is a bit doubtful, in solid Wu, accountant is between risk and accrual rich weichis, real risk is exorbitant, alarming went, did not work namely, your find someone better qualified.
Gentleman does not see so much accountant creates false public company, have which accountant is informed against, so, changing accountant is a very important risk signal, of course, changing accountant certainly is to make a holiday, nevertheless this signal does not want to let off, want vigilance. Education winning a vessel 2017 two change accountant, what this signal sends is quite fierce, if you still do not have an attention, this too carelessness.
Additional, common saying says: Announce good news cannot be able to bear or endure urgently, the bad news is late. New 3 board time of company annual report is to make an appointment ahead of schedule time announces, if cannot publish annual report on schedule, not be what favour commonly. Change accountant and defer exposure annals to be done together, want to run rapidly!
On Feburary 27, 2017, win a vessel to teach announcement:
Classics both sides talks things over, beijing is promoted China accountant office (special and common partnership) hold the position of firm audit orgnaization no longer. The company drafts office of accountant of the happy event in inviting (special and common partnership) responsible corporation audit of report of year finance affairs and relevant and special audit worked 2016.
Help you hang out one's shingle, the accountant that accompanied you a few years did not work suddenly, seeing this time should be to had made period of time, real difference is big, flat did not work, this must have how old difference, oneself are experienced.
On April 26, 2017, win a vessel to teach announcement:
Make over a system to announce platform to show a company in share of countrywide medium and small businesses on April 26, 2017 formerly " year reported 2016 " , because annals audit work is still half-baked 2016, the accuracy that to ensure finance affairs reports quality and information announce, company " year reported 2016 " announce delay.
Newcome accountant did not do 2 months calm, immediately, the 28 time-out since date are made over, superintend and director guides during certificate quotient second the risk caution that gives out defer to issue annual report.
On June 5, 2017, win a vessel to teach announcement:
To be advanced better year audit worked 2016, the company plans to change hire office of accountant of rare case Ma (special and common partnership) responsible corporation audit of report of year finance affairs and relevant and special audit worked 2016.
Assume office from the happy event in Feburary 27 two will part company June 5, near 4 months, so simple, business the audit of a small company of manufacturing industry of onefold, blame, gave what one son, accountant dare not give a report, last went, everybody can have his judgement.
Newcome accountant office hopes case Ma courage is great, be less than a month, mere 21 days, the audit work that with respect to the happy event in was being finished 3 many months did not complete gave a report, june 26 announcement annals and audit reported 2016, annals affirms 2016 income 180 million, net profit 100 million, receivable Zhang money 110 million.
Nevertheless, spent 2 months merely, on August 28, half annals gave Xigema a slap with respect to firm firm 2017, the money of that 110 million receivable Zhang that will affirm June 26 did not calculate.
We can't help wanting to ask, june 26 at that time, did the strategy of education winning a vessel adjust plan to come out? If did not go out, why income has 3 million only first half of the year, that is to say had stopped original product actually first half of the year extend, can conclude so-called first half of the year strategy is adjusted had put into effect, so behoove of company and accountant knew otherwise plays, should free, do you still affirm money of 110 million receivable Zhang? Still give a standard to report without the audit that withholds an opinion?
Call the personage inside animal and a few course of study to speak of this thing, everybody becomes aware the move is very strange, this annals how can so go out? Can say only, this bravery is really enough also fat, biao Han! (the net that dig shellfish turns from forgive to call animal public date)
