Hu Zhenming of red print finance and economics
Division luck technology is put in big client to count a problem to malic company, and the concern that a lot of problem in receivable Zhang money also has countless ties with big client, in addition, purchase as big as what appear in cost difference, let a person very hard cast aside its clear whether the influence with big client is relevant.
Recently, the Inc. of technology of Shenzhen division luck that regards malic company as the supplier (abbreviation " division luck technology " ) announcement the manual of raise capital by floating shares of newest version (declare draft) , plan to handing in place greatly to be issued publicly first do not exceed 41 million new, plan collect intensive is thrown 655 million yuan " equipment of automation of limited company of technology of automation of Zhongshan division luck and project of construction of form a complete set " wait for 4 projects in construction.
Division luck technology basically is engaged in the research and development of industrial automation equipment, design, production, sale and technical service, and accurate component makes professional work, occupy its to do business because of malic company and relevant sale the much of income, bring about this company to be put in the problem that big client counts not only, and the connection that a lot of problem in receivable Zhang money also is having countless ties with big client, in addition, purchase as big as what appear in cost difference, let a person very hard cast aside big client clear to be affected to its.
Business income height depends on big client
Business income of division luck technology basically comes from detect at automation the sale that equipment, automation assembles the product such as fittings of equipment, automation equipment, accurate component, sales revenue of the before 5 big clients inside report period occupies score to be not achieved 82.67% , 76.06% with 80.33% . Among them, division luck technology is in to the sales revenue of company of apple of the biggest client report period is occupied than be as high as 45.59% , 40.87% with 58.73% , far will the 2nd, 3 big clients are cast at the back far. Occupy with respect to sale of single big client only look than the circumstance, malic company is very tremendous to the influence of the operation size of division luck technology.
Actually, " red weekly " the discovery after the reporter combs book of raise capital by floating shares, division luck technology depends on the scale that place of book of far more than raise capital by floating shares shows rate to the sale of malic company. In the sale means of division luck technology, one kind is to malic company direct sale signs order, means of another kind of sale is malic company designation acting industry firm and division luck technology sign order, relevant sale money is versed in by era the manufacturer pays to division luck technology, malic company and acting industry firm, acting industry firm and division luck technology part to have close an account independently.
We know, fuji health, wide amount to, abb is achieved, with large it is the business of main acting plant that provides production to make a service for malic company, and also be the main big client of division luck technology. Advanced in 5 clients, fuji health, wide amount to, abb is achieved, occupy with the sale of large more aggregate than be inside report period achieve respectively 27.01% , 25.90% with 11.28% , if consider the impact of this part income,this is meant, the dependence of technology of luck of division of farther specification to malic company degree is very tremendous.
Division luck technology has a such malic firm big clients, apparently look current to its production is managed and talk has profit, but the thing notchs two sides looks, division luck technology also brought the risk that cannot ignore to counting a problem of malic company highly, once appear,malic company is opposite of division luck technology purchase decrease wait for adverse change, criterion the management outstanding achievement of division luck technology will produce great wave motion, whether can developing independently later still is a misgive.
Actually, the financial data that discloses from place of book of raise capital by floating shares is unusual in change, had reflected the effect that gave malic company to be managed to the enterprise. For example, 2015 end, malic company changes to supplying catenary canal to accuse flow happening, bring about payment for goods to examine and approve flow to lengthen, money of company of company receivable apple fails to call in in time, thereby end formed money of Zhang of exceed the time limit to be as high as two hundred and thirty-seven million four hundred and forty-seven thousand eight hundred yuan 2015.
Issue of receivable Zhang money is much
Book of raise capital by floating shares is announced, division luck technology is put in a large number of receivable Zhang moneys to did not call in on time, the remaining sum that exceed the time limit of receivable Zhang money did not call in inside report period is occupied than be as high as 68.35% , 47.47% with 35.81% , look from scale change only, ever since although two years of scale drop somewhat but still lie exalted, the business standing policy of this specification company is to slant comfortable, this goes against a company to answer paragraph efficiency promotion.
Meanwhile, the money of Zhang of exceed the time limit of division luck technology calls in proportion also is being reduced considerably, the money of exceed the time limit of end called in 2015 scale is 99.73% , to money of end exceed the time limit called in 2016 scale falls for 85.92% , the money of exceed the time limit when end called in 2017 scale drops further to 65.50% . Such change explained money of Zhang of its exceed the time limit calls in ability is weaker and weaker.
Notable is, in the receivable Zhang money of division luck technology, if the watch is shown 1 times, zhang age is in 1 year of less than (contain 1 year) scale is respectively 99.48% , 95.82% with 90.29% , proportional glide continuously the part that means Zhang age more than 1 year is occupied comparing is to be in what increase ceaselessly. Data shows, zhang of division luck technology age it is 1 ～ 2 years (contain 2 years) receivable Zhang money is in 2015 year end when still have four million and sixty thousand three hundred yuan only, and arrived jumped when end 2016 reach twenty-two million three hundred and sixty-eight thousand one hundred yuan, continued to increase forty-nine million eight hundred and forty-eight thousand four hundred yuan 2017, occupy than by former 0.5% increase to 7.68% considerably. 2017 when year end, the receivable Zhang money that the company still puts in thirteen million one hundred and twenty-seven thousand two hundred yuan of Zhang age to be 2 ～ 3 years did not call in.
Division luck technology is receivable Zhang money calls in the fall of efficiency slants probably with its business standing comfortable relative, although the likelihood results from,relax to the client's business standing the company wants to spur a sale, promotion sale. If comb the Gou Ji between data of its finance affairs,can concern in fact can discover, division luck technology is receivable the data change between Zhang money and cash flow, business income does not match.
2017, division luck technology gained one billion eight hundred and thirty-two million two hundred and seventy-seven thousand yuan business income (if express 2) , having 21.83% among them is to come from at sale in domestic market, put in influence of output tax of 17% value added tax considering part of sale in domestic market, can push cipher out this year contain tax business income to be one billion nine hundred million two hundred and seventy-four thousand six hundred yuan. Such battalion accept scale under, how many ready money can division luck technology get again?
The money newspaper of book of raise capital by floating shares shows, 2017 " the sale commodity, ready money that provides a service to receive " it is one billion seven hundred and twenty-nine million seven hundred and eighty-seven thousand six hundred yuan, receive photograph comparing to be put in one hundred and seventy million four hundred and eighty-seven thousand yuan of balance with the battalion that contain tax, such performance means sale of this year to be not got ready money entirely, seventy million four hundred and eighty-seven thousand yuan did not call in the sale is theoretic should meet those who fashion the receivable Zhang money of corresponding amount and receivable bill is new add,
2017 year end, division luck technology has receivable Zhang money six hundred and ten million nine hundred and forty thousand two hundred yuan, receivable bill prepares thirty-nine million two hundred and fifty-nine thousand eight hundred yuan fifty-six million four hundred and seventy-seven thousand three hundred yuan with bad Zhang, 3 projects amount is total achieved seven hundred and six million six hundred and seventy-seven thousand three hundred yuan, the total amount photograph of same item compares this and on one year of year end, increased one hundred and thirty million five hundred and seventy-nine thousand one hundred yuan only, apparent this one result and photograph of theoretical new rise in value have thirty-nine million nine hundred and seven thousand nine hundred yuan difference than returning,
In fact, division luck technology of this year of year end receive money to be compared sixty-seven million one hundred and seventy-seven thousand two hundred yuan with photograph of on one annual end beforehand, not only did not decrease, still increased thirty-five million and fifty-three thousand eight hundred yuan instead. Go so, mean division luck technology 2017 from time to tome seventy-four million nine hundred and sixty-one thousand seven hundred yuan contain tax business income to did not receive cash to also did not form the management sex creditor's rights such as receivable money already.
Put in similar case 2016, just deviation result and compared 2017 " do not calculate much " . 2016, the company contains tax business income to be one billion five hundred and sixty-five million one hundred and nine thousand eight hundred yuan, of the same age " the sale commodity, ready money that provides a service to receive " it is one billion eight hundred and fifteen million three hundred and seventy-six thousand three hundred yuan, the ready money that this specification gets in those days besides can enclothe in those days besides income, still ought to make the management sex creditor's rights such as receivable Zhang money reduced two hundred and fifty million two hundred and sixty-six thousand five hundred yuan because of calling in.
Money newspaper shows, the receivable Zhang money of year end was division luck technology 2016 five hundred and ten million and thirty-nine thousand yuan, receivable bill is thirty-six million five hundred and eighty-five thousand four hundred yuan, bad Zhang prepares twenty-nine million four hundred and seventy-three thousand eight hundred yuan, 3 amount are total on photograph comparing one year year end is the same as an amount aggregate reduced two hundred and thirty-nine million nine hundred and thirty-five thousand six hundred yuan, meanwhile, again eliminate receives money reductive beforehand fifty-nine thousand five hundred yuan of influence,
Purchase data to support inadequacy
Book of raise capital by floating shares shows, the purchases amount to include to purchase raw material amount of division luck technology and outside assist process charge. 2017 purchase amount to be one billion and eighty-eight million five hundred and thirty-four thousand four hundred yuan (if express 3) , input tax of value added tax of computation of 17% tax rate is pressed on this foundation, contain duty to purchased amount to achieve one billion two hundred and seventy-three million five hundred and eighty-five thousand two hundred yuan. Usually, what contain duty to purchase amount to answer relatively with what this waits for dimensions is discharge pours out of corresponding cash necessarily, and the increase and decrease that deals the management sex debt such as Zhang money changes.
2017, division luck technology " buy the commodity, cash reserve in a bank that accepts a service to pay " it is one billion one hundred and thirty-six million eight hundred and six thousand eight hundred yuan, imprest money added two million two hundred and sixty-six thousand two hundred yuan newly, after its affect eliminate, purchase relevant real cash flow to be one billion one hundred and thirty-four million five hundred and forty thousand six hundred yuan with this year, this photograph is less than containing duty to purchase amount to want one hundred and thirty-nine million and forty-four thousand six hundred yuan, mean company cash flow namely and can not enclothe entirely contain duty to purchase total, theoretic it is the due that needs to form certain amount wait for management sex debt to be added newly.
But actually, 2017 of year end handle Zhang money one hundred and ninety-nine million one hundred and one thousand six hundred yuan are mixed handle bill thirteen million one hundred and eighty-eight thousand three hundred yuan aggregate compare on one annual end only total amount added same item ninety-five million nine hundred and three thousand three hundred yuan, compare with photograph of theoretical new rise in value,
The purchases data support 2016 is not enough also. Purchase amount one this year to be seven hundred and thirty-seven million and seven thousand nine hundred yuan, after adding the input tax of value added tax of on 17% to affect, contain duty to purchased amount to achieve eight hundred and sixty-two million two hundred and ninety-nine thousand two hundred yuan, theoretic the cash flow that this should have same scale and deal with the management sex debt such as Zhang money to add amount newly to answer relatively to it.
Division luck technology 2016 " buy the commodity, cash reserve in a bank that accepts a service to pay " it is nine hundred and seventy-six million two hundred and thirteen thousand seven hundred yuan, the specified number is increased newly in imprest to rushing money five hundred and twelve thousand five hundred yuan later, with purchased relevant cash flow to achieve nine hundred and seventy-five million seven hundred and one thousand two hundred yuan in those days, apparent this is more than containing duty to purchase amount to want give one hundred and thirteen million four hundred and one thousand nine hundred yuan,
But in fact, handle Zhang money this year one hundred and thirteen million eight hundred and fifty-three thousand nine hundred yuan are mixed handle bill two million five hundred and thirty-two thousand eight hundred yuan are mixed on one annual end is identical total amount photograph compares the project was to reduce one hundred and thirty-nine million nine hundred and ninety-three thousand six hundred yuan really, but was more than theory to answer reductive is worth one hundred and thirteen million four hundred and one thousand nine hundred yuan, both between differred twenty-six million five hundred and ninety-one thousand seven hundred yuan, this is meant,
The cost that makes a person fab
Besides afore-mentioned problems, the difference that the raw material cost of division luck technology also appeared to cannot be ignored. Among them, purchase of main 2017 raw material is aggregate have one billion and seventy-three million five hundred and seventy-three thousand six hundred yuan, after the one part in them is produced in the course and be being sold, carry forward arrives in operating costs, reflect the amount of direct cost of material for this year, and another part is reflected increase for corresponding category stock.
Book of raise capital by floating shares shows, 2017 of division luck technology advocate there are nine hundred and eleven million eight hundred and thirty-two thousand five hundred yuan to be direct data in business Wu cost, occupy advocate of business Wu cost 84.80% (if express 4 to show) , theoretic there ought to are one hundred and sixty-one million seven hundred and forty-one thousand one hundred yuan in the purchase of main raw material that means this one year is to need to reflect those who be material of Central Plains of goods in stock to increase, and wait for cost of material of each category stock in manufactured goods of product, inventory increase.
In goods in stock of division luck technology, year end raw material had seventy-three million two hundred and six thousand six hundred yuan 2017, than going up one year year end added thirty-two million six hundred and forty-six thousand six hundred yuan newly, this shows, there still are one hundred and twenty-nine million and ninety-four thousand five hundred yuan to had been used at production in purchase of one hundred and sixty-one million seven hundred and forty-one thousand one hundred yuan of raw material,
The inventory goods in goods in stock and giving out commodity is to had finished production to prepare to sell, year end had thirty-one million four hundred and eighty-one thousand two hundred yuan of stock 2017 commodity gives out commodity with seventy-five million eight hundred and seventy-seven thousand three hundred yuan. In the meantime, still have in goods in stock in the product sixty million seven hundred and twenty-six thousand nine hundred yuan, contain semi-manufactured goods seven million four hundred and twenty-four thousand seven hundred yuan. Total amount obtains the product of 4 kinds of stock in goods in stock one hundred and seventy-five million five hundred and ten thousand one hundred yuan (all include cheapen preparation) , total amount compares this and on one year of same item sixty-two million seven hundred and twenty-five thousand two hundred yuan, although increased one hundred and twelve million seven hundred and eighty-four thousand nine hundred yuan considerably,
So, the raw material cost of how many was included again after all in the amount that place of product of 4 kinds of stock increases? Because book of raise capital by floating shares did not announce the cost of these stock products to form, and the produces cost and operating costs construction that seizes major manufactured goods agrees basically usually, the proportion that because this is here,can hold operating costs with direct data 84.80% come estimation, the raw material cost that pushs cipher out from this raised ninety-five million six hundred and forty-one thousand six hundred yuan, add photograph comparing newly with one hundred and twenty-nine million and ninety-four thousand five hundred yuan, the raw material purchase that has thirty-three million four hundred and fifty-two thousand nine hundred yuan is done not have already by plan into advocate business Wu cost, also show to increase the specified number in value of corresponding goods in stock without body in.
Same, the raw material 2016 is purchased with there also is bigger difference between cost, goods in stock. With this year purchase of main raw material is mixed seven hundred and twenty-seven million six hundred and seventy-three thousand nine hundred yuan advocate the direct data of business Wu cost is compared seven hundred and twenty million eight hundred and eighty-nine thousand five hundred yuan, both between balance is six million seven hundred and eighty-four thousand four hundred yuan, theoretic this will be reflected for goods in stock the addition of cost of relevant raw material.
But in fact, it is this year to decreasing however on whole of goods in stock, phase of data of its Central Plains is compared on year reduced twenty-six million two hundred and ninety-four thousand eight hundred yuan, and in product, self-restrained goods of semi-manufactured goods, inventory and give out commodity aggregate increase eight million six hundred and thirty-five thousand eight hundred yuan than going up one year, if press direct data to occupy advocate the 84.68% computation of scale of business Wu cost, addition this share includes seven million three hundred and twelve thousand eight hundred yuan raw material cost only in the product. The result of final business accounting is, the raw material purchase that there are twenty-five million seven hundred and sixty-six thousand four hundred yuan 2016 was not in advocate get be reflectinged accordingly in business Wu cost and goods in stock.
Inside report period, of division luck technology successive two years raw material cost appears similar difference, this does not generate suspicion by the accuracy that lets a person produce costing to division luck technology.
