Golden Eagle Subsidiary Information Ambiguous Alleged Violation Of Regulations

< p > for many investors, the annual report is the best way to understand the listed companies. Except for the annual reports that are not prepared according to the regulations, the Golden Eagle shares listed in the "a target=" _blank "href=" http://www.91se91.com/ "textile" /a "business are listed here.

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< p > in 2009 and 2010, the annual report disclosed by Golden Eagle shares also made information disclosure to the company's important sub branches and subsidiaries' operation. However, the quality of the 2012 and 2011 Annual Reports of the company has gone backwards. In these two annual reports, investors can only see the shareholding ratio of the Golden Eagle stock in several subsidiaries and the actual amount of investment at the end of the term, and investors can only guess by other indicators by borrowing accounting theory.

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< p > in the 2012 annual report released by Jinying share, investors can not see the operation of Shanghai Xin Ying < a target= "_blank" href= "http://www.91se91.com/" > dress < /a > limited.

Prior to this, Jinying shares and Shanghai Xin Ying caused a great deal of concern in the market because of borrowing litigation, and the market doubted who was the real victim of the lawsuit.

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< p > but through other indicators announced by Jinying share, we can infer that the Shanghai Xin hawk in 2012 may have suffered excess losses.

Shanghai eagle's minority shareholders' rights and interests listed in the annual report of Golden Eagle 2012 are negative 2 million 499 thousand yuan.

Shanghai Xin hawk registered capital of 5 million yuan, Jinying shares invested 3 million yuan, accounting for 60% of the equity ratio, therefore, attributable to another shareholder of the company Cartier company's interests is "minority shareholders' interests."

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< p > minority stockholders' rights refer to shareholders of a company holding less than 50% of the voting rights. Such shareholders do not have the absolute right to operate and manage the company.

The index is negative, indicating that it has excess deficit and is in debt.

But for this situation, the 2012 annual report of Jinying shares made no comment.

This does not comply with the relevant provisions of the SFC.

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< p > the regulations and contents of the company's information disclosure standards and format No. second of public offerings issued by the SFC in September 2012 (revised in 2012) stipulate that listed companies should specify in detail the industry, main products or services, registered capital, total assets, net assets and net profits of major subsidiaries. If the operating performance of a single subsidiary or equity joint company is over 30% over the previous year, and the company has a significant impact on the company's consolidated business performance, the company should analyze the fluctuation of its performance and the reasons for its change.

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Investors who fail to read the annual report less than P can not get the conclusion that Shanghai Xin Ying's business performance has no significant impact on Jinying shares.

In 2012, the net profit of Golden Eagle shares belonging to the parent company was 8 million 410 thousand yuan, down 68.54% from the same period last year.

Shanghai Xin Ying is a controlling subsidiary of Jinying stock. It needs consolidated statements in accounting.

It is easy to calculate from the data released by Jinying shares. In 2012, Shanghai Xin hawk's stake in Jinying shares was negative 3 million 748 thousand and 500 yuan.

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< p > in addition, Jinying shares also need to announce the operation of another wholly owned subsidiary.

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< p > August 2012, Jinying shares acquired 48% stake in Zhejiang Jinying Yili Linen Textile Co., Ltd. at its price of 3 million yuan from its controlling shareholder, Jinying group, and realized the wholly-owned holding of the company.

The information disclosed by Jinying shares shows that Zhejiang Jinying Yili Linen Textile Co., Ltd. lost 5 million 170 thousand yuan in the first half of 2012, while the company also made a profit of 2 million 250 thousand yuan in the same period last year.

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< p > when carrying out the related pactions, the reason why Golden Eagle shares is given is "eliminating the influence of competition in the same industry, so that the company concentrates resources and integrates the industry". However, when a listed company should cooperate with the controlling shareholder to set up the subsidiary company, then it comes to mind. Why do we think of solving the competition problem when we lose money? < /p >

< p > investors who are concerned about Jinying share should be very interested to know the operation of Zhejiang Jinying Yili Linen Textile Co., Ltd.

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< p > the notes to the financial statements of the Golden Eagle 2012 annual report show that the receivables of the listed companies to the subsidiary company are 31 million 823 thousand yuan, up 3000 times over the same period. What exactly happened? < /p >