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Saturday, May 23, 2009

Six months time trading operation 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 usual enterprise hours

"Prior to the forfeit of an assessed allotment not less, but did not look frontwards to so many." Yesterday, the vice head of the United States, financial gathering vice person in accuse of Sun Sanlian Yiding said. Notice, in the accounting interval, the triple principle wages exchanging to realise 1.455 billion yuan, 71.57 out of 100 concluded the program, year-on-year lessening of 243 million, a mesh forfeit of 94.32 million yuan.

For recital justifications for descent, triple financial gathering said, chiefly lies in a long time did not initiate an unconnected enterprise procedures, inside manipulate failure. In augmentation, the first assisting shareholder, through the alive of a large number of connected party transactions of registered financial gatherings plays severe impairment the welfare of the financial gathering statements receivable, inventory and the journal worth of the actual worth of the alive of a higher degree of embarkation 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 furthermore

Reporter documented that yesterday's annual report has a "special note", said the review discovered that throughout the describing time span a large number of publication cost of pre-paid charges, and no invoices. Prior to 2008 engaged the charges affiliated with that there were 656 million, of which 4.51 million yuan advocating, data bulletins, etc. Other charges 2.05 million yuan.

"This kind of 'hole' may be many." Yiding Sun said that with the deepening of the review, it is approximated that a alike position will be encountered. For trademark attribution, for example the town of difficulties left over by annals, he said that on the one hand, to explain the difficulty step-by-step, on the other hand, to reinforce the trading scheme of unaligned excavation, and now all actions should be to enhance the supreme aim of profit.

"Sanlian Group will face wrong 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. - 21392

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