On October 9, the company announced that the first three quarters of the asset impairment losses of 29 million yuan, respectively, for the goodwill accrued 10.45 million yuan, long-term equity investment provision of 2.8 million yuan, inventory provision of 15.75 million yuan, total Accounted for 90.15% of the company's net profit last year. Suddenly accrued large-value asset impairment losses, the company has the suspicion of "washing a big shower".
According to the weekly report of the securities market, in this year's mid-year report, the company's asset impairment loss was -103.6 million yuan, down 67.44% year-on-year, all from bad debts. The Interim explained that it was mainly due to the decrease in provision for bad debts of accounts receivable that should be reversed this year as compared with the same period last year.
At the end of June, the company reversed the provision for bad debts of receivables. There was no new provision for depreciation in inventory, and goodwill was also deducted. At the end of September, the large amount of impairment losses on the above assets was really doubtful.
In this regard, an investor said that the company's explanation is that the company's subsidiary Shenzhen Huida Optoelectronics Technology Co., Ltd. (hereinafter referred to as "Huida Optoelectronics") has consistently accrued a capital loss of 10.45 million yuan in recent years. Impairment loss; the long-term equity investment is impaired because the company received the C2MICROSYSTEMSINC (hereinafter referred to as “C2 companyâ€), the company’s controlling subsidiary, Hong Kong’s shareholding subsidiary, in July and August, due to operational problems and a broken capital chain, which caused the company to stop operating. It is expected that the investment cannot be recovered; and regarding the sudden large-scale provision for inventory price loss in the third quarter, the company’s secretaries of the Board of Directors said that it is based on a comprehensive consideration of the price decline of inventory and rising costs.
According to the data, Huida Optoelectronics' main business is sales of LED production and LED application products. As of March 31, 2011, the company's total assets were 21,355,300 yuan, net assets were 1,235,290 yuan, forming a goodwill of 10.45 million yuan. Since then until this year's mid-year report, the company's goodwill has not suffered any impairment losses.
In 2010, Huida Optoelectronics realized operating income of RMB 15,054,300 and net profit of RMB 1,215,700. In this year's mid-year report, Huida Optoelectronics' operating income was 14.73 million yuan and net profit was -13.16 million yuan. In fact, Huida Optoelectronics began to lose money from the end of 2011, with a current loss of -19,200 yuan.
In addition, Hong Kong Shida, a subsidiary of Shida Holdings, purchased 2 million shares from C2 in the United States at a price of US$1.12 per share in May 2008, with a total investment of US$2.24 million. C2 is a non-listed high-tech company registered in San Jose, California, USA, with a focus on chip development.
According to C2's 2008 semi-annual financial statements, as of June 30, 2008, C2's total assets were 9,904,700 US dollars and net assets were 7,592,700 US dollars. In the first half of 2008, the total sales income was 1,430,300 US dollars, and the net profit was a loss of 523.35. Ten thousand yuan.
It is worth noting that Shida reached a ban on 37 million shares of restricted shares on August 20, 2014. Just in the third quarter of next year, the company was suspected of taking a bath.
( This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED . Readers need to verify the relevant content by themselves. )
According to the weekly report of the securities market, in this year's mid-year report, the company's asset impairment loss was -103.6 million yuan, down 67.44% year-on-year, all from bad debts. The Interim explained that it was mainly due to the decrease in provision for bad debts of accounts receivable that should be reversed this year as compared with the same period last year.
At the end of June, the company reversed the provision for bad debts of receivables. There was no new provision for depreciation in inventory, and goodwill was also deducted. At the end of September, the large amount of impairment losses on the above assets was really doubtful.
In this regard, an investor said that the company's explanation is that the company's subsidiary Shenzhen Huida Optoelectronics Technology Co., Ltd. (hereinafter referred to as "Huida Optoelectronics") has consistently accrued a capital loss of 10.45 million yuan in recent years. Impairment loss; the long-term equity investment is impaired because the company received the C2MICROSYSTEMSINC (hereinafter referred to as “C2 companyâ€), the company’s controlling subsidiary, Hong Kong’s shareholding subsidiary, in July and August, due to operational problems and a broken capital chain, which caused the company to stop operating. It is expected that the investment cannot be recovered; and regarding the sudden large-scale provision for inventory price loss in the third quarter, the company’s secretaries of the Board of Directors said that it is based on a comprehensive consideration of the price decline of inventory and rising costs.
According to the data, Huida Optoelectronics' main business is sales of LED production and LED application products. As of March 31, 2011, the company's total assets were 21,355,300 yuan, net assets were 1,235,290 yuan, forming a goodwill of 10.45 million yuan. Since then until this year's mid-year report, the company's goodwill has not suffered any impairment losses.
In 2010, Huida Optoelectronics realized operating income of RMB 15,054,300 and net profit of RMB 1,215,700. In this year's mid-year report, Huida Optoelectronics' operating income was 14.73 million yuan and net profit was -13.16 million yuan. In fact, Huida Optoelectronics began to lose money from the end of 2011, with a current loss of -19,200 yuan.
In addition, Hong Kong Shida, a subsidiary of Shida Holdings, purchased 2 million shares from C2 in the United States at a price of US$1.12 per share in May 2008, with a total investment of US$2.24 million. C2 is a non-listed high-tech company registered in San Jose, California, USA, with a focus on chip development.
According to C2's 2008 semi-annual financial statements, as of June 30, 2008, C2's total assets were 9,904,700 US dollars and net assets were 7,592,700 US dollars. In the first half of 2008, the total sales income was 1,430,300 US dollars, and the net profit was a loss of 523.35. Ten thousand yuan.
It is worth noting that Shida reached a ban on 37 million shares of restricted shares on August 20, 2014. Just in the third quarter of next year, the company was suspected of taking a bath.
( This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED . Readers need to verify the relevant content by themselves. )
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