On May 15, it is to hand in place greatly to ask deadline of peaceful standing grain answers the last day that asks ask, however that evening, tai He issued the announcement that a delay replies however, because involve an issue,say content is more, reason files delay return.
What what Tai He says also is actual condition, want to answer 19 very professional questions after all, and each word that says produces tremendous effect likely to the company, how dare not scrupulous?
Rise from last year actually, tai He is deep-set the hearsay of debt crisis already cause a temporary clamor, just via Huang Jisen the finance affairs of cruel of a dazzle is operated, and the undersell of a large number of asset, let the outside think its already spent crises, although from 2018 in annals, people sees clue very hard also, a large number of media begin conduct propaganda even " Tai He already take a turn to be out of danger, advancing towards sunshine stride! Advancing towards sunshine stride!!
It is in a harmonious tone, reach place greatly however smell out different flavour, gave out the interlink that attacks the soul continuously on May 8 19 ask, deadline replies 7 days.
Tai He, was forced corner.
From Tai He annals was announced 2018, arrive to hand in place greatly to issue letter asking ask, full 25 days, these 25 days of staff members that join place greatly had ravelled Tai He's annals, knead broken, read appeared, the issue that issues so each hits the mark, have greatly inquire into the root of the matter the situation that pursuit strikes.
Tall person moves, know to have. Hand in place greatly to undertake questioning closely continuously to Tai He with very professional gimmick, if awn is in,the Huang Jisen that believes to connect financial family background also can feel to carry on the back. Surround view masses eligibly as, we think those who know is, tai He's problem after all much more serious? Do these problems reply very hard really?
The answer is: One is plant painful, say hard with the person.
Before long new city response hands in 16 inquiries of place before, around costs half month, used 30 thousand word reach a standard of ability experience risk, face 19 problems that make place greatly nowadays, how must Tai He also work overtime produce 50 thousand word just justifiable, think the employee that replaces them feels distressed, look of these half month 996 be inevitable.
Today with respect to what from 19 problems winkle provides attack power a few times most, colloquially of one by one is translated, also borrow this to peep Tai He's cut, seeing it is already the disease is not curable, OK still rescue.
Round.1
Ask:
Annals shows, you run 2018 year the cash flow net specified number that the activity produces 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; You 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, at the same time rate of your inventory turnover, flow, fast move rate to all give now to fall compared to the same period. Ask you to combine development project to answer ability of fund condition, financing to wait, explain capital is arranged related you, the countervail debt origin that the analysis shows you are immediate and indebted and whether to put in risk of short-term countervail debt.
The countervail debt origin that the analysis shows you are immediate and indebted and whether to put in risk of short-term countervail debt..
Colloquial article: There is the ready money of 11.5 billion only on your hand, but the external debt that has 57.4 billion however wants to return, how do you plan to return excuse me?
Hand in place greatly to allude 0.26 it is cash short debt is compared, this data is an enterprise cash of certain period management activity flows and flow is in debt the scale between, reflective is an enterprise short-term during this repay indebtedly ability.
Normally for, the safe value of this data is 1, numerical value is greater, the cash reserve in a bank that represents a company flows enougher, capability of repay a debt is stronger; Conversely, the cash reserve in a bank that represents a company flows more nervous.
2017, cash short debt of Tai He is compared for 0.31, dropped last year to 0.26, and the blame flow that expires inside a year is indebted criterion from twenty-one billion two hundred and fifty-nine million yuan of appreciation at the beginning of 2018 41.39 billion yuan of year end, cruel added near one times, that is to say, short-term debt pressure of Tai He still tremendous, the front is facing the awkward condition of the repay a debt that do not have money.
On May 17 evening, tai He issues 3 announcement repeatedly again, say to sell Xiang Shimao the banner issues the equity of many projects, include to make over Jiangsu Dong Henghai Xin 20% equity and partial creditor's rights, trade to valence 444 million yuan; Make over Guangdong to add a city abundant of Li billows, Li 51% equity, trade to valence 3.205 billion yuan; The dimension in making over Guangdong suitable heart 30% equity, trade to valence 323 million yuan.
Above trades 3 sums involve total amount near 4 billion yuan. Before this, tai He already early or late the equity that Xiang Shimao sold many items, add 3 when just announce, always traded to already achieved 7.72 billion yuan to valence, be in according to saying sequel still has 10 projects arrange with, but look at present, these money are only enough help sb to deal with an emergency, cannot take off however tired.
Round.2
Ask:
In December 2017, company president and Huang Jisen of effective control person ever external announce sale target was to break up one time to reach 200 billion yuan again 2018, reduce asset considerably at the same time indebted rate, ask you to explain real sale reachs 2018 year fall the real progress circumstance of indebted rate, whether to achieve sale goal, and undertake an analysis to difference cause.
And undertake an analysis to difference cause..
Colloquial article: Yellow boss has said the little cause of 200 billion, how much to finish after all?
Be in early in December 2017, huang Jisen ever alleged publicly the sale target 2018 200 billion yuan, reduce asset considerably at the same time indebted rate. This word, immediately of share price of peaceful standing grain goes up greatly, back-to-back move sufferred what reach place greatly ask ask.
At that time, response of government of peaceful standing grain says, 200 billion yuan sale target is president Huang Jisen only " the target that develops to the company and wish scene, do not form a company forecast and acceptance. " escaped one disaster so easily.
Bear in mind constantly, have an echo surely. How cannot estimation of peaceful standing grain also think of, one year is lain between when half hind, hand in place greatly to return hold tight to wear actually this one problem is not put, expressed to be deeply concerned badly to the sale target 2018 again, just use very hard this " wish scene " prevaricate went.
As to real sale of Tai He, in industry it is a mystery from beginning to end, because this data does not involve financial audit, belong to an enterprise whether publicly so freewill. Although look forward to meets major house to announce sale in annals, dan Taihe publishs its sale and sale area external no longer since 2015, the outside can have speculation from inside the statistic of other orgnaization only.
The data that releases according to Ke Errui shows, tai He's sale was one hundred and thirty billion three hundred and forty million yuan 2018, be apart from 200 billion yuan target to have bigger difference apparently.
Round.3
Ask:
Annals shows, you invest sexual estate period end remaining sum is seventeen billion six hundred and fifty-six million yuan, relatively period increase first 43.32% , main as a result of this period add item of estate of multinomial investment sex newly, value of period end evenhanded is 4.916 billion yuan, all turn to wait for course from goods in stock, fixed assets, ask you: (1) the project changes an account related item-by-item specification, dot, relevant project is when when changeover the rental condition of the dot, offer relevant proof document; (2) annals shows among them " Tai He edifice " rental rate is the project 18% , "Jinan the eastpart part " rental rate is the project 12% , "East 4 annulus Jin Zunfu " rental rate is 0. Explain relevant project is rental please the reason with inferior rate, combine afore-mentioned circumstances to explain whether changeover of estate of relevant investment sex accords with accounting standard please about " authentic evidence proves estate utility produces change " two requirements, it is company board of directors or similar orgnaization ought to change estate utility to form formal and written agreement, 2 it is the change that estate is changed because of utility and produces actual condition to go up, if instead of for private use is rental,wait; (3) ask you year of careful accountant office is right afore-mentioned problems express the special opinion that check.
(3) ask you year of careful accountant office is right afore-mentioned problems express the special opinion that check..
Colloquial article: East the many items such as 4 annulus Jin Zunfu sell originally, changed control oneself now, why? Are these projects rental is rate so low be why?
Here still involves an issue, change the project such as goods in stock, fixed assets into investment sex estate namely, annals showed the basis 2018, tai He this share is new partial investment sex estate has 5 billion yuan about, its are as a result at a draught the many gain that gave 744 million yuan, you say fierce.
To appearing on the market for room look forward to, the operation that changes project type allows, does the problem depend on how be being changed? Why to change? The key that makes an inquiry greatly also is in this.
From transition program, need satisfies two requirements at the same time: It is effective use produces a change, 2 it is to have formal written agreement. Hand in what what want greatly, what let Tai He take out evidence to prove this one operation namely is lawful add up to compasses sex.
From changeover reason, reach place greatly even Tai He offers farther document, because sell,saying to be clear about these projects is after all did not go out to just change use, still have other and reasonable intention. Apparent a reason is Tai He does not think also cannot approbatory, need cudgel one's brains for to give out now so more the explanation of fair and reasonable.
In 19 inquiries that make place greatly, involve those who invest sexual estate to have 4, change from card of rental rate, property right, value respectively wait for a respect to undertake interlink torturous, situation should do the issue as clear as day, look it is unlikely that this Tai He wants deceive reach a standard.
Round.4
Ask:
In your annals " data of before you 5 suppliers " show, supplier of one purchase the forehead to be eleven billion seven hundred and seventy-nine million yuan, occupy year to purchase amount scale for 55.66% . Ask you to undertake defining to this trading circumstance, include but not name of vendor of be confined to, purchase project detail, purchase price level, will purchase the price and value of market of the corresponding period to undertake contrast, the specification fixes a price whether evenhanded.
The specification fixes a price whether evenhanded..
Colloquial article: What relation is you follow after all between the biggest supplier?
From on can see in the watch, in before Tai He 5 suppliers, the scale that ranks first supplier to occupy year to purchase total is as high as 55.66% , and 4 suppliers that rank 2-5 add up insufficient also 5% , this kind of scale very not common.
In appear on the market with dimensions among room look forward to, supplier of each rank first is occupied purchase scale to won't exceed 10% commonly, no matter be the angle from control cost or the angle from market environment,will look, real-estate industry does not exist to depend on the circumstance of single vendor overly, regard Party A as the company especially, can build oneself supplier resource warehouse normally, when need is purchased, can inform the home and 3 above the supplier undertakes contrast, achieve the goal that reduces cost thereby.
And place occupied the biggest supplier of Tai He to exceed 50% actually quite, this is belonged to in the fact in the industry infrequent. In fact, recently 5 years, the purchases scale to present a year after year to increase by degrees trend that the biggest supplier takes Tai He, 2013-2018 year it is respectively 7.55% , 8.15% , 15.07% , 20.06% , 32.57% , 55.66% , purchase also increases ceaselessly, 2018 is to be as high as eleven billion seven hundred and seventy-nine million yuan more, turned over one times near than 2017.
Although partial supplier may be the affiliated enterprise of room look forward to, there is relatively close collaboration relationship between each other, but this kind of circumstance to appearing on the market what must want to assure to purchase the value for the company is transparent, be suspected of an interest likely carrying otherwise, what hand in place greatly to want to ask ask is the relation of its backside and motive.
In the announcement that files delay return, tai He did not give the rejoinder that issues put oneself in another's position date, but normally for won't surpass a week, these days are afraid is Huang Jisen most the period of time that sleeping and eating brings hard, consecutive human affairs is before long fluctuant before be being added, tai He still is fleeting time really adverse.
Beginning of write for a magazine during, oneself already received the sale telephone call of project of Beijing of peaceful standing grain 3 days continuously, before the salesperson of courtyard of government office of its Chinese and Western begins to entreat me even, go seeing a room, after seeing salary get stuck however, I or cruel ground rejected the other side.
Look, cash is lacked on the hand not only it is yellow boss one the individual's problem, also be my problem.
END
