Dragon Star Chemical inventory down 0 or more radical

In the carbon black industry more prominent capacity, gross profit margin continued to decline in the case, the Dragon Star Chemical (market, interrogation) (002442. SZ) in the first half of 2013 to achieve inventory of 367 million yuan, the price of the depreciation prepared for 0. Dragon Star Chemical move was also questioned by some investors by less to reduce the amount of preparation to adjust profits, do high performance. Financial profit Bao, the current savings rate of 1000% earnings show that the first half of 2013, Dragon Star Chemical inventory value of 367 million yuan, compared to the beginning of the 384 million yuan decline of 4.4%, inventory price reduction is 0, which inventory classification, the end of the period to achieve raw materials, inventory goods,　　Turnover material inventory is 228 million yuan, 138 million yuan, 1.718 million yuan respectively.　　Data show that the main products of the Dragon Star for Carbon black, products to see, the reporting period to achieve carbon black operating income of 1.02 billion yuan, accounting for 1.12 billion yuan in total operating revenue of 91.1%, its gross profit margin of 13.3%, down 2.55%. "In the first half of 2013 affected by macroeconomic situation, industry products surplus and other factors, carbon black products show overcapacity, sales prices down."　　"In the face of this situation, the Dragon Star Chemical is clearly optimistic about the 0-meter inventory," said a longtime investor. Compared with other listed companies in the industry, Black Cat shares (market, interrogation) (002068. SZ) 2013.5 Annual report shows that the end of the final inventory of 805 million yuan, to be prepared for the depreciation of 797,000 yuan, Sea printing shares (market, interrogation) (000861. SZ) 2013.5 Annual report shows that the end of the final inventory of 868 million yuan, to be prepared for the depreciation of 446,000 yuan.　　Compared with the listed companies in the same industry inventory method, the Dragon Star Chemical inventory method to deal with more radical. According to the Enterprise accounting system, the stock of an enterprise shall be measured at the end of the period by cost and net realizable value, and the difference of net realizable value below the cost of inventory, to be prepared for the depreciation of the stock. "But because the confirmation of net realizable value needs the accounting personnel's estimate, has the very subjective and the human factor, causes many listed companies to be able to adjust the stock price depreciation preparation to whitewash the performance when the performance is bad."　　"said one accountant.　　The 2013-year report shows that in the reporting period, Dragon Star chemical business income of 1.12 billion yuan, an increase of 20.86%, to achieve the ownership of the listed company shareholders of the net profit of 8.786 million yuan, down 73.51%. As of the time, Dragon Star Chemical reported 4.33 Yuan, up 0.46%.