Social Security Provident Fund data fight HTK be suspected financial adjustment

The data disclosed by Beijing HTK Instrumentation Technology Co., Inc. (hereinafter referred to as "HTK") is not clear. HTK for employees to pay medical insurance (assured) the monthly base of 2012 is much lower than Beijing 2012 enterprises to pay monthly medical insurance base minimum standards, and respectively through the company for employees to pay the social insurance and Provident Fund to calculate the average wage difference is nearly 4 times times. Some investors said that the medical insurance base paid for employees violated the relevant regulations of Beijing, violations of employee interests, and social security data fight each other, so that the market on the authenticity of the company's prospectus has been questioned, while the company's large inventory balance and product production and sales rate of the sharp decline, but also make the company's future unpredictable. The odd Social Security data HTK Prospectus shows: The company 2013 for 205 people pay medical insurance, pay the amount of 56,500 yuan, the company pay a proportion of 10%. In this calculation, HTK for employees to pay medical insurance 2013-year base is 229.67 yuan. According to the Beijing Social Insurance Fund Management center issued in June 2013, "on the reunification of the 2013 annual social insurance contributions wage base and payment amount notice", 2012 annual average wage of Beijing workers is 62677 yuan, average monthly salary of 5223 yuan, participate in basic medical insurance, industrial injury insurance, Maternity insurance workers, the minimum contribution base in accordance with the city in the last year, the average wage of workers 60% determined, that is, the base of payment is 3134 yuan. A market personage to "China Business newspaper (blog, Weibo)" reporter pointed out that, from the above data can be seen, HTK 2013 for employees pay the base of medical insurance is far lower than the Beijing Social Insurance Fund Management center of the year minimum payment base, this practice has undoubtedly infringed the interests of employees. It is noteworthy that HTK in 2012 for 195 people to pay the medical insurance, pay the amount of 786,200 yuan, the company pay a proportion of 10%, The calculation of the company for employees to pay the base of health insurance is 3360.25 yuan, and in 2013 this data suddenly dropped to 229.67 yuan, it seems inconceivable. In addition to the medical insurance data paid for employees, it seems strange, HTK for employees to pay the endowment insurance amount and the amount of Provident Fund is also quite strange. HTK Prospectus also shows that the company 2013 for 205 employees to pay endowment insurance, pay the amount of 1.4212 million yuan, pay a proportion of 20%. According to the requirements of the Beijing human Resources and Social Security Bureau, the base for employees who participate in the basic endowment insurance is the average monthly salary of the previous year (or 70%, 60%, 40%) of the average monthly salary of the previous year's employees. From this calculation, if the current year, the company for employees to pay the base of the endowment insurance for employees in the last annual average wage, then HTK 2012 average monthly salary of 2888.62 yuan, if the company for employees to pay the base of pension insurance for employees in the last annual average wage of 40%, then HTK 201The average monthly salary of 2 year staff is 7221.54 Yuan. And the company 2013 for 205 employees to pay Housing Provident Fund, pay the amount of 3.1901 million yuan, pay a proportion of 12%. Beijing Housing Provident Fund Management Center A person to the reporter pointed out that the company 2013 1 ~ June for employees to pay the base of the Housing Provident Fund for staff 2011 monthly salary, 2013 7 ~ December for employees to pay the Housing Provident Fund base for staff 2012 monthly average wages. In accordance with HTK 2013 for employees to pay the number of Housing Provident Fund, the amount, the proportion of the base, the company in 2013 per month for employees to pay Housing Provident Fund for 1296.79 Yuan, if in 2013 7~ December Company for each employee to pay the amount is also 1296.79 yuan, you can calculate the company's employees 2012 years of monthly salary of 10806.57 yuan. This figure is a huge difference from the monthly average of 2888.62 yuan in 2012 for employees who are based on the company's pension base for employees in 2013. To this end, there are investors questioned by the two methods calculated by the company's employees in 2012 average monthly wages there is a huge difference, perhaps the company's financial data adjustment, and the company in 2013 for employees to pay the medical insurance base is far lower than the Beijing Social Insurance Fund Management center of the year minimum payment base, The disclosure of social security data in the company's prospectus appears to be confusing, and there are big questions about authenticity. For the above questions, the reporter to the company repeatedly sent a letter to verify no fruit, and many times in the working hours to call the company also no answer. Large inventory Balance In addition to the above social security data questions, HTK inventory balance is also a big concern for the market. The company mainly produces and sells digital precision pressure gauges, intelligent pressure calibrator, intelligent pressure generator, pressure calibrator, pressure fittings and other digital pressure detection series products, as well as process calibrator, portable temperature calibrator, automatic temperature calibration system, such as temperature calibrating products. HTK Prospectus shows that the company's inventory mainly from raw materials, homemade semi-finished products, inventory and product composition, the end of 2013, 2012 and 2011, the company's inventory balance is 19.7645 million yuan, 16.041 million yuan, 15.1602 million yuan, The proportion of total assets at the end of the year was 9.52%, 9.38% and 10.57%, which accounted for a relatively high amount of assets. Among them, the amount of raw materials and inventory of goods is higher, in the same period, the total amount of raw materials and inventory goods is 14.7783 million yuan, 11.1168 million yuan, 10.8249 million yuan, accounting for the company inventory of 74.77%, 69.3%, 71.4% respectively. In this respect, the company explained that the main reason is that the company is generally standardized products, the need for early procurement of raw materials, and in accordance with the forecast market demand for production arrangements, and because the company's electronic product stability requirements generally require a certain aging period,resulting in a large amount of inventory at the end of each year. It is noteworthy that from 2011 to 2013, the company's inventory of goods in the amount of 5.952 million yuan, 6.743 million yuan, 10.1924 million yuan, the number of inventory items are 7642 sets/units, 23586 Sets/Taiwan, 34832 Sets/Taiwan. In this respect, the company said that, in 2013, received the impact of sustained and rapid growth in foreign markets, the company's better product sales of intelligent pressure calibrator, digital precision pressure gauges, intelligent pressure calibrator, intelligent pressure generators and pressure calibrator and other products to further improve the stock quantity. However, the company's 2013 production rate of the actual production and sales is not so optimistic. Data show: From 2012 to 2013, the company's digital precision pressure gauge production and sales rate fell from 97.46% to 71.43%; the production and sales rate of intelligent pressure generators fell from 102.42% to 78.09%; the production and sales rate of the process Calibrator fell from 125.99% to 89.85%. Some market participants pointed out that with the company's investment projects, the company's products digital precision pressure gauges and intelligent pressure generator production will be significantly increased, in the case of the decline in production and marketing, if the company can not strengthen manufacturing planning and inventory management, timely digestion of inventory, may produce inventory depreciation and Shang situation, and lead to the decline in inventory turnover rate, Thus the company's production and operation and performance has a negative impact.