Data and Shandong bold giant wheel stake director Guan Gong war Qin Jong

Economic Herald reporter Shi Xianliang July 12, Shandong Heroic Machinery Technology Co., Ltd. (hereinafter referred to as "Shandong heroic") of the first application by the SFC to suspend the vote; July 26, Guangdong giant Wheel Mould Co., Ltd. (stock abbreviation: Giant ship shares; Stock code: 002031)　　The issuance of the 350 million-yuan convertible bond application is also suspended by the SFC Commission. Economic Herald reporter recently found that with the production of automotive tire mold Enterprises, the giant ship shares and Shandong heroic in their own industry to describe the existence of a prominent contradiction ——— both of them are said to be the first in the industry, the other is "second", staged a surprise of the contemporary "Guan Gong War Qin Jong."　　I do not know whether this kind of "fight" data is one of the reasons why the two companies have been suspended. The giant wheel claimed to have been "the first" giant ship. In its 2009 annual report compiled in January this year, the company said that 2003 to 2008, mold products sales revenue for many years ranked in the same industry first place. Nearly 3 years (2006-2008), according to industry association statistics, the company tire mold products Value-added tax first after the return of the amount of 13.467 million yuan, 13.016 million yuan, 14.217 million yuan, and the same industry, the second Shandong heroic return tax is 4.6834 million yuan, 6.1957 million yuan, 10.2791 million Yuan, is the company's 34.78%, 47.6%, 72.3%. As the mold industry is Indina, the production order of the business model, the main industry enterprise raw materials Procurement price difference is not large, and VAT return is payable VAT 50%, and the Ministry of Finance in the Commissioner of the inspection approved, can more accurately directly calculate the tire mold sales revenue.　　Accordingly, as of 2008, the company's tire mold sales income than the industry's second highest in about 38%. The ship's stake in the annual report gave investors reassurance: "2009 is expected to continue to maintain the industry leading position."　　"Heroic 2008 has been the" boss "Shandong Bold Prospectus issued in July this year (report), the 2008, Shandong heroic sales revenue has surpassed the Big Wheel stake, 2009 further put the big wheel stake behind. Shandong Bold Prospectus shows that 2007, 2008, 2009, the company's operating income of 304 million yuan, 419 million yuan, 453 million yuan, the net profit attributable to the parent company is 88 million yuan, 137 million yuan, 151 million yuan　　The gross profit margin of the company was 46.23%, 48.06% and 47.89% respectively in 3 years, of which the gross profit margin of the main business was 46.49%, 47.55% and 47.48% respectively. The annual report of the giant ship shares shows that its 2007, 2008, 2009 operating income of 316 million yuan, 366 million yuan, 408 million yuan, the net profit attributable to the parent company is 88 million yuan, 65 million yuan, 83 million yuan, respectively, the company's sales gross profit margin is43.49%, 36.8%, 37.25%.　　If Shandong heroic, huge ship shares of financial data are not fake, whether from operating income, or from net profit, Shandong Heroic 2008, 2009 is the industry champion.　　Who's the one who's not?　　On two company data "fights" the question, The Herald reporter recently interviewed the Shandong heroic and the huge ship shares respectively. Shandong Heroic Dong Feng Mindong August 7 to Herald reporter said, the company intends to prospectus the financial data are true, is approved by the SFC certified accounting firm audit.　　The ship shares quoted in Shandong heroic value added tax first after the amount of the company 2005, 2006, 2007 data, not 2006, 2007, 2008, and the Ship shares 2006, 2007, 2008 value-added tax first after the return of the amount is not comparable.　　Shandong Province, the staff of the IRS told the reporter, the Inland Revenue tax after the return of the detailed list on the return of which year's value-added tax is written very detailed, should not appear to be unclear about the year. August 9, the leader of the telephone consultation on this matter, director of the director of the Secret room staff, answered the phone, a woman said: Because the SFC requirements in the annual report of the disclosure of the industry, and Shandong heroic financial data companies can not get, so have to use the association to provide data,　　2009 Annual report in Shandong heroic value added tax first after the data is from the Mold industry association.　　As for the heroic data in Shandong is a year later than the great ship, why appear "with their own data this year compared with others last year" situation, she said it is not clear, need to investigate and verify, if there is a clear error, the great ship shares will issue "annual Report Correction bulletin."　　The water falls out of the stone? In the stock market, the most important basis for investors to participate in stock investment is the public information of listed companies. Therefore, China Securities Regulatory Commission on the disclosure of listed companies very strict management, its January 30, 2007 issued the implementation of the "Listed Companies information disclosure management measures," the second provision: information disclosure obligations should be true, accurate, complete and timely disclosure of information, no false records, misleading statements or major omissions　　Fifth stipulates that: The information disclosure documents mainly include prospectuses, prospectus, listing announcements, periodic reports and interim reports. A securities analyst at Jinan, who declined to be named, said the disclosure should not be a joke. If Shandong's heroic words are true, there is a suspicion that the giant ship shares are deliberately misleading investors. Had it not been for Shandong's heroic release of the prospectus, investors had not yet known that the ship's shares had lost the industry leader in 2008. If it is known that the ship's shares have slipped in the industry, and that profits are only half of a unlisted company in the same industry, valuations should be cut.