Performance Is "Late" &Nbsp; Baozi Fashion Stops In Hong Kong.

According to yesterday's report, the Hongkong market's earnings announcement revealed many mainland companies with audit problems, and three companies suspended in Hongkong on Thursday.

One of them is Shenzhen year old department store Limited. The company did not announce the reason for the suspension, but it said in March 21st that the issuance date of the annual performance will be postponed from March 22nd to March 30th, as auditors need more time to complete the audit. Since its closing in March 21st, the company's share price has fallen by 26.5%.

The other is Ausnutria dairy Limited by Share Ltd. The company issued a statement to the HKEx on Thursday morning, saying it would also postpone its performance date.

In addition, Ports Design Ltd, a high-end fashion retailer, said on Thursday that it would delay the release of annual performance reports as auditor KPMG needed more time to audit accounts.

Before these companies postponed the release date, Daqing dairy Holdings Limited and children clothing Boshiwa International Holding Limited, the producer, said this month that DDT, its audit body, has resigned. Prior to the suspension in March 22nd, the share price of PhD dropped by 35%.

Industry analysis

Market volatility affects company audit

The report quoted Lu Huaji, deputy managing partner of China capital accounting company (Hongkong) accounting firm limited, as saying that these small accounting firms may come from these small accounting firms. market Fluctuations.

Last year, he said, the sources of credit of these companies and their suppliers and customers were extremely scarce, which had an impact on their accounts receivable and inventory levels.

Lu Huaji said that some of the debtors of these companies had been defaulted; in some cases, they hoped to extend the repayment period, but the auditors were worried that their customers could not repay the money on time. mechanism Make reservations, or simply quit. (text / Intern Jiang Yijin reporter Yin Xiaolin)

News background

The sharp fall in share prices also reflects investor nervousness about accounting problems in mainland companies. In September last year, the super modern agriculture (Holdings) Limited, which became the target of "anonymous analysis" of short selling agencies, has not yet resumed its licence.

Another company, Ruijin Mining Co., Ltd. has been suspended since May last year. After DDT resigned as an auditor in October last year, no new auditor has been invited.