Author | Wooden box
Flow edits | White crane taro
A the shareholder also is not easy, step on big thunder not carefully. This not, the shareholder bought a beginning environmental protection (300137.SZ) , the result comes out environmental protection makes a holiday, eat two to drop repeatedly stop...
One, environmental protection makes a holiday
On August 15, 2018, the Chinese environment terminal that monitor makes false case with respect to the data of the environment that face Fen that monitor main to beginning environmental protection controller undertook agreement talking. The data of the environment that face Fen that monitor builds false case to offend law " red line " , property serious, influence is abominable, damaged the fair justice that career of zoology environmental protection and environment monitor.
This case involves personnel much, rigor of collude of inside and outside, organization, gimmick is secret, came in April 2017 between March 2018, quality monitors the ambient air that monitors a station automatically to facing mass of ambient air of 6 states of Fen city for many times to carry out factitious interference.
Beginning company monitors the carry dimension unit of the station automatically as quality of ambient air of state of the city that face Fen, fail cogent fulfil carry dimension obligation, interior management is confused, scanty supervise at the education to personnel of dimension of each class carry, main responsibility is had in this case.
The main reason that beginning environmental protection builds false backside is: The disorder accuses inside. The disorder accusing inside is one of main reasons that the business fails, the case without number that this includes: Bahrain bank, Zheng Baiwen, southern negotiable securities, maple technology of information of Cheng Yang, Hangyue, spatio-temporal guest, countryman...
Beginning environmental protection is in " ego of 2017 year built-in control evaluates a report " in mention, the core that company built-in control builds is risk control, of built-in control system make manage with the standard, be on guard and dissolve a risk to be jumping-off place.
This carry dimension personnel participates in environmental protection data to make a holiday, tip off information, first no matter whether is administrator participated in make a holiday, but mix absolutely of administrator break duty about, expose an interior of beginning environmental protection badly to manage the neglect that go up. Fu Guoyin of two vise general manager and Liang Changqing left his post early or late first half of the year 2018, those who manage a layer is fluctuant the problem that reflected company management to go up on certain level.
This environmental protection makes false kill is Chinese environment the terminal that monitor stops a company to save station of 25 countries air to entrust carry dimension to serve in Shanxi, do not grant to return honor the agreement bail, involved contract amount and honor the agreement bail is respectively 3.625 million, 3.538 million.
Beginning environmental protection announces other province uninfluenced, but gentleman of wind and cloud thinks, the Chinese environment terminal that monitor holds this incident property serious, influence is abominable, invite public bidding and carry dimension change to consider beginning environmental protection possibly no longer after, this is quite serious to the negative effect of business of prospective beginning environmental protection.
2, financial analysis
Annals eliminated beginning environmental protection 2017 monetary ready money (570 million) outside, the capital fund with the largest amount is ordinal it is goods in stock (416 million) , business praise (294 million) , receivable Zhang money (291 million) , gentleman of wind and cloud will undertake an analysis to quality of these 3 asset.
1, receivable Zhang money
The environmental protection bureau that receivable Zhang money basically is each district mixes beginning environmental protection the station that monitor, since 2013 receivable Zhang money / the scale of business income is in drop, a money that shows a company is better and better:
Beginning environmental protection is receivable of Zhang money plan raising a level is more severe:
Accordingly, annual bad Zhang prepares plan raising scale also is opposite taller:
2, goods in stock
The scale of goods in stock of beginning environmental protection is in 40% right-and-left levels all the time.
The goods in stock of beginning environmental protection basically is inventory goods, startling is, goods in stock had never done any decreasing to be worth, no matter be inventory goods, in product or raw material.
3, business praise
Since 2013 the business of beginning environmental protection praise increasing all the time, especially 2015.
1, Kedilong and Guangxi are gotten first
2015 beginning environmental protection 2.64 billion buy Liang Changqing, Liang Baoxin the Kedilong of aggregate hold 80% get the equity of 80% first with Guangxi, confirm 218 million trade praise.
Liang Changqing, Liang Baoxin is affirmatory company, Guangxi gets Kedilong first company 2014 - amalgamative 2016 forms for reporting statistics buckles blame net profit not under 34 million, 42.5 million, 52.56 million, these two companies basically are the task of step on the line that finish.
A lot of appear on the market of the company be bought the outstanding achievement of mark can appear after acceptance period outstanding achievement suddenly turn hostile, beginning environmental protection is not exceptional also: Company and Guangxi got Kedilong first 2017 company profit glides compared to the same period respectively 30.17% , 63.28% .
After profit glided 2017, kedilong and Guangxi get of short duration of these two companies not to have business first praise reduce a cost.
2, science and technology of environmental protection of subsidiary Chongqing Ji Hua expands limited company (abbreviation " Chongqing Ji Hua " )
The board of directors decided to make over on January 22, 2016 accuse share company Chongqing equity of Ji Hua part, alienee attachs most importance to Yuan Anming of Qing Jihua general manager.
Beginning environmental protection explained Ji Hua upturn in business makes over Chongqing no longer again on December 9, 2016.
On April 3, 2018, beginning environmental protection drafts with cash 35 million yuan buy Chongqing to come completely the Chongqing change this mortal world of hold of limited company of development of environmental protection science and technology is industrial limited company (the following abbreviation " Yu Fan is industrial " ) 100% equity, with cash 1 million yuan buy a company to accuse science and technology of environmental protection of Ji Hua of share company Chongqing to develop the Sichuan of limited company hold limited company of engineering of construction of An Maifu house (the following abbreviation " wide stride a company " ) 100% equity.
Yu Fan is industrial and wide the company that striding two companies of company is 0 income, before Jiashangzhi " make over, do not make over, buy " contradictory behavior, can't help allowing the possibility that the interest trades to carry about couplet inside person suspicion.
Chongqing of exposure of beginning environmental protection comes completely limited company of development of environmental protection science and technology and senior administrator do not have any relations.
However, cha Yufan's industrial one partner Chongqing comes to gentleman of wind and cloud completely environmental protection science and technology expands limited company, discover Chongqing comes completely limited company of development of environmental protection science and technology is Ji Hua of Chongqing of subsidiary of beginning environmental protection the related company of An Ming of general manager Yuan,
Made over on January 24, 2018 go out to estimate even if show this concern to avoid, beginning environmental protection drafted in April 2018 with the 36 million company that buys 0 income of Yuan Anming, ah! !
Last word
Review summary to fall, the beginning basically has 3 risks on environmental protection finance affairs:
(1) the goods in stock of 416 million does not have any decreasing to be worth;
(2) by and Kedilong and Guangxi must cross outstanding achievement first of acceptance period outstanding achievement glided badly 2017, the business of 294 million praise also had not reduced a cost temporarily, follow-up existence business praise the risk that reduce a cost;
(3) the 36 million change this mortal world that buys 0 income is industrial and wide stride a company, doubt is like correlation to carry an interest.
The problem that gentleman of wind and cloud thinks beginning environmental protection is the greatest is country of large stockholder Li Yu opposes a scale actually (13.86% ) too low.
Had bought to betting period Kedilong and Guangxi get outstanding achievement first glide, have nothing to do with Liang Changqing again. Liang Changqing had been covered 2017 show many 1000, share number declines from the 2nd large stockholder the 5th large stockholder. Followed resignation in June 2018, on August 14 again lift a ban many 500. According to before decrease maintain a style, bridge always predicts is not to plan advanced 10 partner are being waited for locally.
Beginning environmental protection announces the growth that half an year signed up for 2018 to be 50%-70% recently, outstanding achievement still calculates pretty good, the meeting after knowing environmental protection makes false event has much big impact to outstanding achievement of future of beginning environmental protection,
