Investment Circle Netizen Analysis said frog Prince sales fraud

Source: Internet
Author: User
Keywords Prince Frog
Tags .mall .net analysis anonymous channel company discount economic development
Pro-Beta Network news for the recent frog Prince issued a statement, said, "Aware of the recent online release of some anonymous news, which involves some of the so-called analysis of the company's operations, the analysis of the benchmarks and assumptions used is wrong, and no factual basis." "Pro-Pui nets will be the frog prince called Snow net Netizen" Kankan123 "The original version of the release, readers. The following is the main article: $ frog Prince (01259) $ What is the income of the Frog Prince? I have already listed arguments and evidence in a series of previous posts, pointing out that the Frog Prince is in fact overcapacity (not what they say), that the whereabouts of capital expenditure cash is questionable and that the associated party transactions continue to exist (contrary to management claims), And based on the financial statements calculated the return on net assets (excluding idle cash after) close to 100%, far higher than the day of the industry leader in cleaning and 20–30% Shanghai home. Recent studies have shown that even their sales are unreliable. According to published data, the Frog Prince brand 2012 years of sales is 1.3 billion. And it just started to enter Ka main sales channels. Earlier into Ka-home made old brand Yu Mei Net, 2012 year income is 600 million (company official news). The same small raccoon (the Frog's fellow) saw in Ka's 2012 income was estimated at 200 million up and down. and the Japanese brand, which dominates the market for high-income people, was 800 million in 2012. The 800 million per cent of the sales included expensive baby products (nursing and diapers) (which accounted for only 6% of 2012 sales), not to mention that the average price of a child's bathing product was 1.5 times times that of a frog. If the sale of the Bedouin child wash is 500 million, then 2012 of its sales (in ML) is only 1/4 of the Frog Prince. The sales figures for Johnson are still being collected. If we assume that: (a) wholesale discounts are exclusively 40–50%. Frogs and small raccoons have been verified as 40–50%, the net should be similar, and the PUI-Pro based on its more powerful brand is likely to give the channel a lower discount, but out of the conservative principle, I even if they give 40–50% discount to the channel. The reason for the wholesale discount is that the above quoted sales are the net income after the channel discount. We need to estimate the share of gross income, which is the market share that end consumers buy. (b) The unit price of the shellfish is 1.5 times times the net of the Frog small raccoon Yu Mei, so calculate down, 2012 these several brand sales (by volume) share for Frog 54%, Yu mei net 24%, PUI Pro 14%, small raccoon 8%. What a frog Prince! But this and the one or two-line market Ka Ultra Terminal observation of the size of the shelf display is completely inconsistent! Yu Mei net at least as much as the frog, the small raccoon is not weak to the Frog 1/7, the display size of the PUI Pro will not only 1/4 frog. The company may argue: We are strong in the urban and Rural integration Department, the 3456-line market, that is, birds do not poop can not be observed in the "market." The Chinese electric dealer has covered the 3456 line market which Ka cannot cover,Let's look at the data on the cat, the electric trader. By the end of the day, the Cat children wash skin category of single products monthly sales list of the top 84, frog Prince only 2 varieties shortlisted, sales in 321 and 170 bottles respectively. And the small raccoon has 3 varieties shortlisted, the sales are 2268,505,183 bottles respectively, Yu Mei Net has three varieties shortlisted, sold 853,697,462 bottles respectively, the most terrible, at least 25 finalists 84, the first 5 categories of sales are 1054,968,958,951,516 bottles respectively. Look at the screenshot: Investment circle Netizen analysis called Frog Prince Financial Fraud (qinbei.com map) investment circle Netizen Analysis said Frog Prince Financial fraud (qinbei.com map) investment circle Netizen Analysis said Frog Prince Financial fraud (qinbei.com map) investment circle Netizen Analysis said Frog Prince Financial fraud (qinbei.com map) Well, so the frog Prince, how much do you sell? You don't say. Your so-called "original: Pet" products from the related party production are produced in Lantian Economic development zone. and Lantian Economic Development Zone of the head of the head of your association and the predecessor of Fujian double fly. It happened that Fujian double fly 2007 years of gross output was also exposed to the Web site: 200 million less than (the sixth in the figure below), including the non-Frog Prince brand, such as double flying sword, deep breathing, and export foundry products. View the original image and the prospectus shows that the Frog Prince, double flying sword, deep breath, the export of the total sales of OEM 2008 unexpectedly year-on-year growth of 140%, to 474 million. Such a high year-on-year growth, for a traditional day of the industry has been operating for several years of the company, some bizarre? Investment Circle Netizen Analysis said the Frog Prince Financial fraud (qinbei.com map) Now in the three-stream brokerage under the adulation of the Frog Prince in the stock market, withstand any real investors scrutiny it?
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