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Thursday, May 21, 2009

Six months time swapping procedure becomes abnormal triple "hats"

By Zou

Sanlian financial gathering (600,898) yesterday given over a forfeit of 94.32 million yuan of annual reports. Since 2007, following deficits in 2008, from today, the financial gathering will become a triple triple * ST. Annual descriptions, the financial gathering alleged to triple in the nonachievement of inside manipulate in 2008.

Six months is not regular enterprise hours

"Prior to the loss of an estimated amount not less, but did not expect so many." Yesterday, the vice president of the United States, company vice chairman of Sun Sanlian Yiding said. Notice, in the reporting period, the triple main income trading to achieve 1.455 billion yuan, 71.57 percent completed the program, year-on-year reduction of 243 million, a net loss of 94.32 million yuan.

For performance reasons for decline, triple company said, mainly lies in a long time did not establish an independent business systems, internal control failure. In addition, the former controlling shareholder, through the existence of a large number of related party transactions of listed companies acts damage the interests of the company accounts receivable, inventory and the book value of the real value of the existence of a higher degree of departure from the.

In April last year, the company as a result of a succession of triple the changes in ownership, suppliers hold wait-and-see attitude, delaying the signing of the annual strategic contracts, accounts receivable can not recover the rebate. Notice indicates that the procurement division Sanlian company, Jinan branch office appliance is basically the year 2008 did not enter into procurement contracts, while the other branch of the signing of procurement contracts in the ratio below 20%. At the same time, suppliers and resources to support the continued weakening, leading to company advertising expenses, leasing expenses increased year-on-year.

"Hole" may also

Reporter noted that yesterday's annual report has a "special note", said the audit found that during the reporting period a large number of book cost of pre-paid fees, and no invoices. Prior to 2008 involved the costs associated with that there were 656 million, of which 4.51 million yuan advertising, information bulletins, etc. Other costs 2.05 million yuan.

"This kind of 'hole' may be many." Yiding Sun said that with the deepening of the check, it is assessed that a comparable circumstances will be encountered. For trademark attribution, for instance the community of troubles left over by past files, he said that on the one hand, to resolve the obstacle step-by-step, on the other hand, to fortify the selling procedure of unconnected prospecting, and now all plays ought be to enhance the greatest objective of profit.

"Sanlian Group will face unjust competition"

Starting in 2008, the Group initiated the organization of the new triple triple, operating home appliances business. At present, the Joint Group of lifting and Weifang, Yantai, Zaozhuang three shop lease contracts, and plans to the site of a listed company to open a new triple chain stores.

Sanlian said business, Weifang, Yantai, Zaozhuang, Shandong and other shop has been functioning at its present position, has a good localized market share, if it is being held distinct stores or sites for redevelopment will be a business gigantic decrease of wealth. If the triple assembly of recorded businesses in situ to the unfastening of a new triple shops, recorded businesses will face unjust competition. - 21396

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