Know perfectly well join in business manages not to be pooh-poohed, offer money to its as before, write down bad Zhang entirely. If Hubei loves benefit to announce to close down, this many yuan 2000 receivable Zhang money also will become bad Zhang thoroughly, go up originally from Zhang evaporate. Distinguished economist Song Qinghui expresses: "Appear on the market the suspicion that company this action has an interest to carry. "Appear on the market the suspicion that company this action has an interest to carry..
Come Yi share profit glides bad Zhang of a huge sum leaves doubt
China manages newspaper reporter Wei Jie
Late on August 24, shanghai comes Yi portion Inc. (the following abbreviation " come Yi portion " , 603777.SH) announced money signed up for first half of the year 2018. Money newspaper shows, come battalion controls Yi share first half of the year it is 1.993 billion yuan, grow 11.17% compared to the same period, unless,buckle regular the net profit of increase and decrease is four hundred and forty-one thousand four hundred yuan, glide compared to the same period 99.42% , add close not to increase profit.
Additional according to coming to what Yi portion releases half annals showed 2018, come Yi portion plan the bad Zhang that carried brushstroke to be as high as 19.27 million yuan, come from Hubei to love benefit food limited company (the following abbreviation " Hubei loves profit " ) , plan carry reason to be " agency payment for goods, predict to cannot call in " . Browse come newspaper of the money before this discovers Yi portion, this bad Zhang exists since the day that Yi portion appears on the market, and arrived 2013 2016, the door inn amount of Hubei love interest is quick and atrophic, business income also falls from 14.65 million yuan reach 1.82 million yuan, but come Yi portion was mixed 2014 the kinds or types of goods that still gave out valence to be worth 9.47 million yuan to mix 4.31 million yuan to Hubei love interest 2015, make come the remaining sum of receivable Zhang money that Yi portion loves profit to Hubei achieved 22.58 million yuan. " China runs a newspaper " the reporter inquired come the money newspaper of Yi portion and discovery of forensic copy clerk, come Yi portion had not sued Hubei to love profit.
Know perfectly well join in business manages not to be pooh-poohed, offer money to its as before, write down bad Zhang entirely. If Hubei loves benefit to announce to close down, this many yuan 2000 receivable Zhang money also will become bad Zhang thoroughly, go up originally from Zhang evaporate. Distinguished economist Song Qinghui expresses: "Appear on the market the suspicion that company this action has an interest to carry. "Appear on the market the suspicion that company this action has an interest to carry..
Whereaboutldirection of 20 million yuan of receivable moneys is unidentified
Through the day the eye is checked and system of information of state enterprise credit makes public data discovery, on May 31, 2013, come Yi portion comes to wholy-owned subsidiary Hubei Yi portion made over Chen Dong and Hu Weidong. On June 28, 2013, hubei comes Yi portion more the name loves profit for Hubei, among them Chen Dong hold the share of 95% . Come the book of raise capital by floating shares of Yi portion shows, up to make over finish, hubei love interest is owed come the payment for goods of Yi portion is 7 million yuan. But inside time of brief half an year, hubei love interest received value 10 million yuan goods, come the receivable Zhang money of Yi portion is added from this reach 17.09 million yuan.
Show in book of raise capital by floating shares, by 2013, come the prospective cash flow that Yi portion predicts to Hubei loves profit cannot repay company receivable fund, stem from careful sex to consider fund of receivable to this Zhang sum plan carried the preparation that reduce a cost. And came 2013 2016, hubei loves the management circumstance of benefit to back down in in big strides all the time. In come Yi portion joins in individually in inn, the number closing store of Hubei love interest ranks each year firmly the first, originally 71 doors inn remains 7 only nowadays, business income falls from 14.65 million yuan reach 1.82 million yuan.
But meanwhile, hubei love interest was mixed 2014 2015 still be able to portion of all along Yi purchases the kinds or types of goods that value mixes 4.31 million yuan 9.47 million yuan. Come from December 2013 in June 2016, hubei love interest is to come Yi portion is receivable Zhang money is the biggest client. Arrived on June 30, 2016, amount of receivable Zhang money achieved 22.7 million yuan, 53.53% what take remaining sum of receivable Zhang money.
One when Inner Mongolia registers accountant association registers accountant to tell " China runs a newspaper " reporter, see this appear on the market from the surface the company is the suspicion that advantageous beneficial carries, but accuse inside combinative company even, financial standing of the other side considers. According to national regulation, should appear on the market the company forms a loss actually, namely the other side is entered go bankrupt after liquidating level, bad Zhang in proportion plan the share that carry can rush spend income tax, come to an enterprise can reduce pay taxes amount so.
Under photograph comparing, come Yi portion is done not have to other and receivable client so " good-tempered " . Book of raise capital by floating shares shows, a person that is called Xu Yong formed two million and forty-seven thousand eight hundred yuan receivable Zhang fund. Come section of Yi portion business for many times dun, hind by inside accuse and the branch such as law Wu intervenes undertake investigation and dun to money, then reports a case to the security authorities to substation of Song Jiang of Shanghai public security bureau again, remand feebly because of him Xu Yong after, by its mother era returns 1.96 million yuan, the rest comes eighty-seven thousand eight hundred yuan person specially assigned for a task of Yi portion group continues to chase after countervail.
The reporter arrives alertly, in hand in an interactive platform to go up, also Dong Bi of portion of Yi of investor all along does inquiry company to whether be suspected of an interest carrying. Come response of Yi portion respect says, the correlation of company happening traded to all fulfill card inspect strictly the program sets related meeting and bourse.
Be aimed at this one problem, dong Bi of portion of Yi of reporter all along does hair went covering case, the other side expresses, this Zhang money is handled in the accountant, the company is based on careful sex to considered money of receivable to this Zhang to undertake sum bad Zhang preparative plan is carried, but plan carry bad Zhang to prepare to not be equal to bad Zhang cancel after verification. The company also is being chased after actively demand money of this receivable Zhang. Debtor also is fulfilling reimbursement obligation actively, total of receivable Zhang money is in drop. This year first half of the year, hubei love interest remanded again many yuan 300.
Can turn debt is denied
Meet according to card inspect on August 6 night announcement, will issue A publicly what Yi share total is 530 million yuan can change debenture to apply for to fail to pass. According to statistic, can turn this year debt issues application rate to be as high as most probably, in 45 companies that submit application inside year, of final and permissive discharged amount to 36. "Come Yi portion is issued can turn the problem that debt was denied to reveal ability of enterprise oneself gain, can produce bigger effect to the enterprise. " when the influence in refer this matter, song Qinghui expresses so.
Last year in November, come Yi portion releases announcement to say, draft open hair to be able to turn all right debt is preliminary beforehand case for financing 730 million yuan, deadline 6 years, run the chain that uses Yu Laiyi share the network new retail upgrade construction project and information management system upgrade construction project, but this one plan did not obtain card inspect finally to be able to be approved. This year in March, come Yi portion will can turn the collect capital specified number of debt is adjusted it is 536 million yuan, in the meantime, mix the collect capital specified number of two projects 206 million yuan to be reduced respectively by 524 million original yuan mix 152 million yuan to 384 million yuan.
Although will again financing forehead is spent cut down actively 26.4% , but come Yi portion still fails finally to persuade superintend square discharged. Retail expert Hu Chuncai tells a reporter, come Yi portion hopes to pass can turn debt collect endowment develop new retail network to upgrade, but after appearing on the market, come the member that the investment on the line of Yi portion is using up the channel below the line on one hand, on the other hand the investment of a good deal of capital, ranglaiyi the net gain of the portion glides continuously.
Additional, the analysis points out, this again financing plan is denied, cast a project to make progress to was not amounted to with collect of this company IPO anticipate also concern. Come Yi portion appeared on the market formally in October 2016, aggregate 700 million yuan collect capital basically is used at the project such as sale terminal construction, and amount of investment of final accumulative total is 619 million yuan. Come at that time Yi portion says, sale terminal construction can come true inside project cycle year all net profit 60.93 million yuan (cycle is 5 years) , will aggregate implementation is clean in 5 years of time of construction and operation profit 305 million yuan. And up to in November 2017, afore-mentioned projects are carried out end, to it corresponding economic benefits is shown not completely however. In August 2018, come Yi share announcement says, up to 2017 end, profit of the net after duty of implementation of actual accumulative total is project of sale terminal construction only thirty-eight million eight hundred and thirty-eight thousand two hundred yuan, for 63.74% what predict at the outset.
Can turn after debt asks out of court, come Yi portion represents, company won't because can turn,debt issues plan suffocate suffocate to put delay to send Li Zhihui's retail rhythm, sequel will use own reserves or funds raised by oneself, continue to push income purpose to carry out.
It is to issue probably can turn debt was denied to contuse the confidence of investor. Meeting announcement issues card watch the following day, going up card put together points to go up greatly under the setting of 2.74% , come Yi portion is gone against however situation wave green, still be in even dish in achieve the share price since going out more than one year new low.
Add close not to increase profit
"Company total 1.8 billion yuan net assets, profit of half an year actually just 30 million yuan, press this computative, year change net assets yield to be not worth 2% , so small yield shareholder still is inferior to changing company liquidation the bank is put after showing! " " the stock falls to now from apogee go 80% , how can ability let investor have hope to the company? " in hand in an interactive platform to go up, portion of Yi of investor all along is conveying them to be mixed to the anger of small gain and low share price but.
On August 25, 2018, come Yi portion issues the bulletin in outstanding achievement, data shows, up to before 2018 6 months, come Yi portion realizes business income 1.993 billion yuan, net profit is thirty-seven million and thirteen thousand yuan, glide compared to the same period 57.26% , buckle be not profit of net putting in a mother 's charge to fall reach four hundred and forty-one thousand four hundred yuan, glide compared to the same period amount to 99.42% .
To this, come Yi portion says in the explanation in announcement, net profit relatively the corresponding period dropped 2017, advocate if come,strategy of Yi portion development adjusts be caused by. Inside report period, business structure proportion produces bigger change, affect integrated wool interest rate to drop. Vest in appears on the market unless,company shareholder is buckled regular the net profit of increase and decrease drops is dimensions dilate, continue to develop market of region of new developed area, increase electric business investment to bring about cost cost to increase be caused by. Additional, cost of sales and overhead expenses grow compared to the same period respectively 12.54% with 45.06% .
But look in Song Qinghui, because develop electric business Wu to be able to be not brought about,buckle the net after blame to drop merely 99.42% , net profit is small the management with enterprise interior and exterior competition just are main factor.
In fact, in come before Yi portion appears on the market, had appeared the circumstance with net profit and business income lack of power growth. From 2011 ~2015 year, come Yi portion advocate increase rate of business Wu income is 65.55% , 40.22% , 9.51% , - 0.29% with 3.93% . As to come the electric business business that Yi portion expands energetically, expression also is inferior to person meaning. 3 squirrels are in its competitor only " double 11 " the sale that created 522 million yuan, and come Yi portion is in the income of electric business Wu of annual was 372 million yuan only 2017.
The abidance of outstanding achievement is fatigued and weak also mirror on share price. Wind data shows, up to received city on August 27, come Yi portion with 12.45 yuan / the newspaper closes, relatively its 52 weeks high point drops 52.34% , its market prise also falls subsequently reach 4.248 billion yuan.
To coming the adjustment of Yi portion strategy, also investor put forward " come the business below the line of Yi portion just is an advantage, go up to burn money ceaselessly for the line however now, and short-term inside channel and APP cannot earn what money, company why still clinging hereat? " wait for doubt.
Come Yi portion response says, "Consumption upgrades, new retail He Zhihui is retail the premise that has become industry consensus, so the company grew the strategy to undertake adjustment to the company since September 2017. Expand the business on the line energetically, continue to make the chain below strong line the move such as door inn is short-term and temporary may have certain effect to company profit, but before long the company can achieve double growth of income, profit certainly in the future. But before long the company can achieve double growth of income, profit certainly in the future..
Retail expert Wen Zhihong tells a reporter, resemble coming the circumstance that this plants Yi portion to affect profit because of progress cable business is most traditional and retail business forming whole trench, especially the common circumstance when the channel on the line. Devoted conference is bigger when beginning, but from will for a long time tell, whole trench manages the inevitable trend that is retail trade development.
According to not complete count, at present recreational food registers an enterprise to had exceeded 100 thousand, as resource combination is optimized, manufacturing technology upgrades, recreational food is changing the poor dissimilation of brand competition and product to competition from price competition. In the meantime, charge of high cost, tall sale, small gain is worn in the worry industry.
Taste newspaper of store company money to show according to fine, 2015 ~2017 year, its advocate business Wu income is 3.11 billion yuan respectively, mix 5.37 billion yuan 4.23 billion yuan, advocate interest rate of business Wu wool is respectively 32.93% , 32.88% with 29.52% . And 3 squirrels from Internet build up, its 2014 ~2016 year advocate interest rate of business Wu wool is respectively 24.16% , 26.94% with 30.14% .
Recreational to be the tradition of the advantage with the business below the line food is retail the company will tell, how to balance the relation of new job condition and traditional business, became come the proposition that this kind of business responds Yi portion urgently. Original title: Come Yi share profit glides bad Zhang of a huge sum leaves doubt
