Song Qinghui: Collect casts effect of problem of project existence antilogy to anticipate

Distinguished economist Song Qinghui stops collect to cast the circumstance of the project to express to the company, "The sea imprints share collect sends issue of project existence antilogy, may cast a purpose to anticipate benefit brings certain influence to company collect. May cast a purpose to anticipate benefit brings certain influence to company collect..

Song Qinghui: Collect casts effect of problem of project existence antilogy to anticipate

The sea imprints share invests a project 4 years to stop abruptly say to have a deficit 50 million yuan of impacts are little

King of reporter of learn on job of beautiful jade of Zhao of reporter of negotiable securities daily is comparatively well-off

Began to build 2014, ought be in finishing 2016 project postpone again and again, think formerly when the end of the year can be finished finally 2018, do not have expect to send the announcement of the project about stopping collect first, make investor finally foolish eye.

On May 16, the sea imprints share releases announcement to say, the company plans to stop collect to join a project " Guangzhou international commodity exhibits trade city " (the following abbreviation " commodity exhibits trade city project " ) , draft this project the rest capital of 416 million yuan of collect and interest income are used at repaying partly bank loan and circulating fund of permanent and additional company.

The sea imprints the attention that the behavior of share caused superintendency branch, hand in place greatly to allot attention case to this, ask its explain.

" negotiable securities daily " reporter discovery, the sea imprinted 2014 the collect when share is added surely casts a project to exhibit trade city for Guangzhou international commodity originally, international car exhibition trades center (the following abbreviation " car exhibition trades central project " ) , but after obtaining collect fund, the sea imprints share changes management industry condition quickly, its instead commodity exhibits trade city project. Nowadays, commodity exhibits trade city project unfortunate also " die young " , the sea imprints the collect of share casts project it may be said is much calamity much more difficult.

" negotiable securities daily " the reporter imprints to the sea with respect to afore-mentioned problems share hair goes interviewing outline, up to when distributing news dispatches on June 6, company side did not reply.

The progress after collect casts a project to change is slow

On May 9, 2014, the sea imprints stock issues a share publicly through be not ninety-nine million eight hundred and eighty thousand two hundred, collect capital 834 million yuan. Among them, 584 million yuan are used at car exhibition to trade central project, surplus capital is used at compensatory circulating fund.

The collect fund that releases at that time applies feasibility in the report, the sea imprints stock ever represented: "Project of investment of capital of this second collect accords with strategy of the industrial policy related the country and prospective company whole to develop way, have good market to develop foreground and economic benefits. After the project is finished, can promote the competition of the company capability further, raise the gain level of the company. Raise the gain level of the company..

In June 2014 portion, the sea imprints share is not open hair to be finished all right. However in July 2014 portion, the form of management course of study that company board of directors sends recruit the item by " car and its are relevant the exhibition of product of form a complete set, trade the market " adjust for " spin, cloth, leather and Pi Cao wholesale and retail " .

The progress after collect casts a project to exhibit trade city project for commodity in change all the time very slow. The sea imprints annals showed share 2014, the investment plan of this project was 2014 23.78% , predict in Feburary 2016 the portion is achieved book can use position. Arrived however 2016, the project that ought complete fails to be finished as scheduled however. Imprint according to the sea annals showed share 2016, plan of this project investment is only 35.30% , predict the time that finish also is delayed was late 2018 the end of the year. According to the company annals showed 2017, up to by 2017, plan of this project investment is 35.43% , advanced forth than 2016 only 0.13% , be in backwater condition basically.

4 years of deficit 50.62 million yuan

Making what person expect is less than most is, in May 2018 portion, the sea imprints share releases announcement to say, the company plans to stop commodity to exhibit trade city project, capital of 416 million yuan of collect and its interest income use the rest after planning to will stop collect to join a project at repaying bank loan and permanent and compensatory circulating fund (will use 150 million yuan at repaying among them the bank borrows money) .

To ending this project, the sea imprints the reason that share gives out is " for utmost play collect capital uses efficiency, reduce asset indebted rate, improve condition of company circulating fund, promotion firm manages partner of outstanding achievement redound. Promotion firm manages partner of outstanding achievement redound..

On May 16, hand in place greatly to imprint to the sea share hair goes paying close attention to case, requirement company and related side are checked and show an issue. Imprint in the sea share ever since in answering reply, the consideration that drops a project to stop in the light of collect, necessity and rationality refer commentate.

The sea imprints stock represents, the traffic environment that suffers a project to carry out area improves rate of progress planned speed under anticipate, the demand of wholesale industry is added fast the concussion that puts delay and growth of high speed of electronic business affairs continuously, collect casts a project to invest redound yield to drop considerably, and prospective yield is remarkable the debt financing cost under the company, capital use efficiency is apparent on the low side. And after stopping, predict net 2018 gain deficit two million one hundred and eight thousand four hundred yuan. Considering the company 2015, 2016, net 2017 gain is 207 million yuan respectively, 243 million yuan, 295 million yuan, the deficit 2018 occupies scale of profit of company net profit to be not worth 1% , lesser to firm influence. Accordingly, after the project is stopped, collect capital uses use the rest at repaying circulating fund of bank loan, additional company, the liquidity that strengthens a company, promote the abidance of the company gain capability.

Show according to publishing data, came 2014 2017, commodity exhibits accumulative total of trade city project to realize business income 3.21 million yuan, accumulative total realizes net profit - 50.62 million yuan.

Distinguished economist Song Qinghui stops collect to cast the circumstance of the project to express to the company, "The sea imprints share collect sends issue of project existence antilogy, may cast a purpose to anticipate benefit brings certain influence to company collect. May cast a purpose to anticipate benefit brings certain influence to company collect..

In addition, " negotiable securities daily " the reporter notices, the sea imprints share ever passed open hair to be able to change debenture all right 2016, collect capital 1.111 billion yuan, riverside of week of new developed area of devoted Shanghai Pudong presses down project of grave of 25 neighbor 60/1. According to the company annals showed 2017, predict to will be by 2018 achieve book this project that can use position, progress is only 18.08% .

Time of a year is enough the sea imprints construction of the share project that finish, whether can exhibit trade city project like commodity same postpone again and again, die young finally, its still remain to observe as a result. Original title: The sea imprints share invests a project 4 years to stop abruptly say to have a deficit 50 million yuan of impacts are little

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