" investor network " Zhong Chuhan
On May 27, hand in place greatly to breed to Cody course of study (002770.SZ)2018 signs up for year after year undertake asking ask. Basis " investor network " statistic, this is recently since a many month, the 3rd piece when Cody breeds course of study is received asks ask case. This can'ts help letting a person think: Does Cody breed course of study is after all what issue gave and to what issue gave and bring about superintend often attention?
Battalion receives normal temperature dairy produce glide
2018, 2019 first quarter, cody breeds battalion of course of study closes to be 1.285 billion yuan respectively, 290 million yuan, relatively increase and decrease of on one year of the corresponding period 3.74% , 6.22% ; Net profit is 129 million yuan respectively, 300 million yuan, relatively increase and decrease of on one year of the corresponding period 1.92% , 28.13% .
2018, dairy produce of lacteal industry normal temperature, microtherm dairy produce produces Cody respectively business income mixes 663 million yuan 599 million yuan, take business income respectively 46.59% with 51.56% , with score of photograph of the corresponding period did not drop last year 19.21% , grow 20.08% . In case asking ask, the matter that makes place greatly ask Cody breeds course of study combines business income of the dairy produce of demonstrative normal temperature such as unit price of market environment, selling quantity, sale, microtherm dairy produce to fluctuate reachs rationality.
2017, cody breeds sheet tastes the normal temperature dairy produce of course of study " Xiaobai is suckled " make network red product. Here setting falls, cody bred battalion receives dairy produce of normal temperature of course of study to also grow considerably 2017, in those days, battalion receives dairy produce of company normal temperature, microtherm dairy produce to be 815 million yuan respectively, 390 million yuan, respectively relatively grow 37.09% on one year compared to the same period, 114.4% . Visible, with compared 2017, cody bred battalion receives dairy produce of normal temperature of course of study 2018 occurrence fall after a rise. This also is expressing, network red product " Xiaobai is suckled " hot come without continuance 2018.
Besides, cody breeds course of study still faces the problem of subsidiary deficit. 2016 to 2018, cody breeds course of study is wholy-owned subsidiary Cody is gigantic limited company of Luoyang of Er milk industry (the following abbreviation " industry of gigantic Er milk " ) implementation outstanding achievement - two million six hundred and sixty-nine thousand six hundred yuan, - mix three million five hundred and four thousand five hundred yuan - 5.862 million yuan, distance gain is forecasted (2016 come to realized outstanding achievement respectively 2018 1, 2 million yuan, 1, 4.4 million yuan with 1, 7.28 million yuan) have very large space. More than and such, annals shows, industry of gigantic Er milk returns existence part house property and land access guaranty to be mixed at branch of Luoyang of traffic bank Inc. the case of subbranch of a bank of road of Nanchang of Luoyang of Inc. of Bank of China. 2018, cody breeds course of study breeds to gigantic Er plan of course of study promotes trade praise decrease a value to prepare twenty-four million eight hundred and twenty-six thousand three hundred yuan.
According to announcement, gigantic Er breeds course of study held water 1994, the production that basically is engaged in dairy produce of set of card of gigantic Er card, white horse temple and sale. 2016, cody breeds course of study buys Luoyang with 176 million yuan price 100% equity of industry of gigantic Er milk. Notable is, 3 years before buy, 2013, 2014, 2015 1 to in November, industry of gigantic Er milk realizes net profit respectively three million five hundred and forty-two thousand one hundred yuan, four million three hundred and thirty-three thousand eight hundred yuan, four million one hundred and fifty-one thousand one hundred yuan. That is to say, the deficit of industry of gigantic Er milk is after be being bought oneself, just begin.
To gigantic Er lacteal industry manages particular case, in handing in place annals greatly to ask ask cases, ask Cody breeds course of study explains industry of gigantic Er milk is successive 3 years outstanding achievement did not achieve gain to forecast and the specific reason of deficit, its last whether does business ability exist major uncertainty and house property of industry of gigantic Er milk and earthy land ownership. Up to now, cody breeds course of study has not reply ask ask.
Impeach of multinomial and financial data
In case asking ask, hand in place greatly to whether exist to the company other violate compasses assure external, accuse a partner to reach its associated Fang Fei manages a gender to take up the circumstance of company capital and indebted rationality also had doubt.
According to Cody lacteal industry announces " about accusing a partner etc correlation to the company square capital takes up the special audit of the circumstance explains " , the company is manual operated to effective control 2018 the Henan that make limited company of old mill food puts Cody in other and receivable money to produce the specified number 200 million yuan, period end remaining sum is this money 0, take up form a reason to be loan of of short duration, take up property takes up to be not management sex. To this, hand in place greatly to ask Cody breeds course of study defines the particular case that afore-mentioned capital take up.
In indebted rationality respect, 2018 end, cody breeds remaining sum of industry money fund is 1.672 billion yuan, grow 76.20% compared to the same period, 49.43% what occupy total assets; Have breath is indebted remaining sum is 1.198 billion yuan, grow 47.36% compared to the same period, 35.42% what occupy total assets; The corresponding period, amount of company financial expenses is 4, six million one hundred thousand four hundred yuan, 35.70% what take net profit. So, does in monetary fund remaining sum higher case fall maintain large-scale are there the reason that ceases to be in debt and bear cost of finance affairs of high specified number and rationality why?
Besides, breed in Cody course of study annals is medium 2018, a few financial data also are put in doubtful point. 2018, cody breeds remaining sum of receivable Zhang money is course of study 6.794 million yuan, drop compared to the same period 87.51% ; But business income of the company inside report period grows 3.74% compared to the same period. Hand in place greatly to this to ask Cody breeds course of study combines the element such as policy of sale status, credit, explain the situation that rises in business income falls, the reason that receivable Zhang money falls considerably reachs rationality.
Controlling Zhang money aspect beforehand, cody bred course of study receives money remaining sum beforehand 2018 for 7, five hundred and sixty-five thousand one hundred yuan, grow 181.89% compared to the same period. And close in battalion small below added condition, why to receive Zhang money to you can grow considerably beforehand? In case asking ask, hand in place greatly to ask Cody breeds course of study combines company business mode, the specification receives the reason that money grows considerably and rationality beforehand, explain to control the main unit name of money, related concern, main content beforehand, and whether to have commercial essence.
Buy oneself company to draw attention again
On April 18, cody breeds course of study is announced " issue share to buy asset and correlation to trade beforehand case " , plan to buy Henan in order to distribute the kind of share Cody limited company of quick frozen food (the following abbreviation " Cody quick-freeze " ) 100% equity. Cause what hand in place greatly to be bought to this to pay close attention to once more.
According to announcement, quick-freeze major servicing is Cody quick frozen food of production, sale, the product basically includes product of quick-freeze face rice and quick-freeze flesh product, include to be like the arrange of stuffed dumplings masse of glutinous rice flour served in soup, boiled dumpling, wonton, zhongzi, chaffy dish, bowel that bake to wait. Up to now, kediji is round hold Cody quick-freeze 44.27% equity, it is company the biggest shareholder. Besides, kediji is round also be to appear on the market company Cody breeds of course of study the biggest control a partner, the effective control person of firm of city of strung of Zhang Qinghai, Xu Xiuyun's couple, what firm of city of Zhang Shaohua strung controls person Zhang Qinghai, Xu Xiuyun actually is female. Trade this for correlation.
Actually, this is not Cody breeds job first time buys Cody quick-freeze. Be in early in May 2018, cody breeds course of study announces announcement, the means that says to plan to reach a to pay cash in order to issue share buys Cody quick-freeze 100% equity. After large half an year, oppugn extensively as a result of what the market trades to this correlation, on November 24, 2018, cody breeds course of study stops this major asset to recombine item. Comparative last time beforehand case, be in this second beforehand in the case, of the asset of mark trade evaluate turns into by 1.459 billion yuan 1.48 billion yuan, central Plains capital fund raised in the other side trading in the meantime.
Besides, according to the return asking ask that lacteal industry checks Cody to reach place greatly, up to on December 31, 2017, on December 31, 2018, cody indebted rate is the asset of quick-freeze respectively 70.89% , 67.08% , the corresponding period, appear on the market indebted rate is the asset of the company respectively 41.25% , 47.58% . Reply according to asking ask, this second trade after field, cody breeds estate assets is in debt rate general course of study of person of the same trade of summary prep above appears on the market the asset of the company is indebted the arithmetical average of rate.
" investor network " notice, at present the company controls a partner the issue that the group puts Kediji in capital catenary insecurity. Basis 2018 annals, kediji is round hold company stock 484, 690, 000, oppose a scale for 44.27% , and stock of company of accumulative total impawn 484, 500, 000, 99.96% what hold share of company of its place hold. If share price continues to drop, accuse a partner to be put in equity impawn to make the same score the risk of the storehouse.
Notable is, the group ever still involved Kediji " flicker type is added hold " . July 2018, round acceptance removed Kediji on July 3, 2018 oneself, do not decrease inside 24 months hold company share. Say at will announcing announcement on July 23, the plan is in future is added inside 12 months hold company share, and accumulate add hold amount not under 8, 0 yuan, do not exceed 10, 0 yuan of RMBs. But, this year on April 18, cody breeds course of study is announced again " about controlling a partner exempt of application of food group Inc. fulfills Cody the announcement of partial acceptance " , say to control a partner Kediji is round plan to apply for exempt its issue the share that makes when share publicly to solve first at the company the relevant commitment that maintains intent is reduced inside 24 months after the lock expires, and do not decrease at what made 2018 maintain commitment, stop add oppose a plan. To this, on April 22, hand in place greatly to allot case asking ask to its, enquire foregoing adding to hold a plan to whether exist " flicker type is added hold " case.
Avowed add hold go back on his word again, plan to buy impawn of oneself company, equity to face risk of smooth Cang Feng for two times, kediji is round already was handed in greatly at present place firmly lock is decided. Here setting falls, this this " is groove nodded " buy completely whether can you succeed? Be afraid difficulty is not little. (thinking finance and economics manufactures) ■
