The 4000 Words Of Mei Bang Dress Long Denial Of Financial Fraud

A report on "whitewash the report" and "suspected financial fraud" triggered a temporary suspension of the United States costumes (002269) yesterday.

On the evening of the same day, the United States wore 4000 words long.

Refute the problems involved.

The company said that it had never done a lot of "pressing goods" to the franchising channel; the financial department had no right to create income in the system; the related pactions of the company were safe and controllable; the related pactions had little impact on inventory digestion.

The company says there is no mandatory provision for the number of franchisees and the spot supplement, which is determined by the franchisee according to its own operating conditions. It is not a fact that it is reported that the company refers to a large number of "pressing goods" to the franchisor.

In recent years, the inventory level of franchisee is lower than that of direct channel. Especially since this year, the growth of retail sales revenue of franchisees is higher than that of franchisees.

As of the end of 2012 6, the United States and the United States joined 3817 stores, accounting for 74% of the total number of shops. The first half of 2012 joined the wholesale sales revenue of 2 billion 240 million yuan, accounting for 49.2% of the total sales revenue, an increase of 20% compared to the same period last year, lower than the same period last year.

Compared to the same period last year, the sales volume of wholesale sales dropped by 0.57 percentage points.

Questioned the "virtual library".

Explained that the clothing industry due to the retail season and the allotment season does not match, before the retail cycle comes, the company according to the franchisee futures contract for product pre allocation is the basic mode of operation of the apparel industry.

The company's specific sales revenue recognition principle for franchisees is to confirm sales revenue when sending goods to franchisees, and the outgoing documents are retained for reference. There is no case of goods being out of stock or "virtual out of stock", that is, confirming revenue.

In addition, the company has strict internal control system for the business process and accounting treatment of the assigned products.

According to the futures order contract, the sales data entered by the business department can be automatically audited and judged by the ERP system (ERP), and the corresponding documents can be delivered to the Treasury before it can be pferred to the financial reexamination and accounting treatment. Finally, the finance can confirm the revenue.

It is impossible for the financial department to enter the false income data unilaterally.

In 2013, the first phase of the company's goods had not yet been put into storage, and it was impossible for them to "gloss over the beautiful statements."

Most concerned about the market

According to the announcement, the inventory of Smith Barney's clothing decreased by 800 million yuan at the end of 6 in 2012, of which 1 billion yuan was reduced from the sale of old products, and the stock of new products increased by only 200 million yuan.

In the first half of this year, the total sales volume of the company to the related party AI sang state was 320 million yuan, the total sales volume to the related party was 390 million yuan, the corresponding inventory reduced by about 200 million yuan, accounting for about 8% of the total sales cost of the company, which had little impact on reducing the inventory size of the company.

In addition, Smith Barney also explained the turnover rate of senior executives in recent years.

Since 2010, the total number of managers and managers in the company has been stable at around 300 people, the turnover rate in 2011 is 9.3%, and the turnover rate in 2012 has been 10.9%, which has always maintained a more reasonable level in the apparel retailing industry.