Anti-counterfeiting experts Charlot shelling Chongqing Development and other three companies falsely increase profits

Chongqing Development 2008 Main Financial data unit: Yuan 2008 2007 Year-on-year increase or decrease (%) operating income 413377382.98 489539452.97-15.56 Total profit 147695625.80 166371859.80-11.23 return Shareholder net profit of listed companies 128983982.35 141224341.09-8.67 Power 2008 major financial data units: Yuan 2008 2007 Year-on-year increase or decrease (%) operating income 2820608482.11 2634750439.16 7.05 Total Profit 74523271.71 123032504.94-39.43 attributable to the net profit of shareholders of listed companies 40036609.46 63566553.12-37.02 Positive and shares 2008 main financial data units: Yuan 2008 20　　07 Year-on-year increase or decrease (%) Operating income 89688333.11 13290220.41 574.84 Total profit 161645922.90 95871232.62 68.61 attributable to the listed company shareholder net profit 129751136.36 91587371.85 41.67 Week　　Four, financial anti-counterfeiting expert Charlot, published in China's Accounting Vision Forum, "Anhui Energy Power and Chongqing development of virtual increase in profits", the article said, Anhui Power (000543), Chongqing Development (000514) and shares (600759) are the existence of false increase in profits.　　Charlot in its article pointed out that the transfer of the power reporting period, Anhui Hefei Power generation company 12% of the shares, to obtain investment income of 33 million yuan. According to the annual report of 2008 years of Anhui Electric power, Anhui can power, Hefei investment, power source company and Huainan Mining (Group) Co., Ltd. (hereinafter referred to as "Huainan mining") signed the agreement on transfer of shares. Among them, Anhui power to Huainan mining transfer Hefei Anhui 12% Equity, the transaction amount of 96.6 million yuan.　　After the transfer of equity, Anhui Power is still the controlling shareholder of Hefei Anhui. Charlot points out that, according to the relevant provisions of the [2009]14 's reply to the handling of part of the accounting treatment for the investment of the subsidiary companies without loss of control, the above investment income cannot be counted into the current profit and loss in the consolidated financial statements, and can only be counted into the owner's equity,　　Anhui Electric Power 2008 years total profit of only 33 million yuan, if the investment income can not be confirmed, then the total 2008-year profit will appear negative.　　In addition, Chongqing development and shares in the same situation. According to the 2008 Annual report of Chongqing Development, the April 1, 2008 Chongqing Development and Rui Hai Company signed the "Equity transfer Agreement", will GA-RAM Real Estate Development Co., Ltd. 49% of the equityTransferred to Rui Hai, the transfer price of the agreement is 48.853 million yuan. As at the end of the reporting period, the company has received the first payment of 30% shares of Rui Hai Company, the first transfer of 30 million yuan.　　After the transfer is completed, Chongqing development is still holding GA-RAM Real Estate Development Co., Ltd.　　Charlot said that the development of Chongqing also can not be transferred through the transfer of GA-RAM Real Estate Development Co., Ltd. received 30 million yuan of investment income as the 2008 return on investment.　　In addition, the positive and the shares also transfer its wholly-owned subsidiary shares of the 127 million Yuan income into its 2008-year investment income. Charlot pointed out that the positive and the shares, Chongqing development and Anhui Electric power should be in accordance with the Ministry of Finance's interpretation of the 2008 Annual report is revised. Regulatory departments should require the listed companies self-examination, if there is a similar situation, all require correction.