Changchun opened: Confusing accounts receivable cloning

Changchun is located in Changchun Economic and technological development Zone, is a company engaged in real estate development, public facilities investment, construction, leasing, management and management companies. However, the company's performance is not satisfactory, according to the latest semi-annual reports, the first half of the net profit is only-19.69 million yuan, and the company's annual report in the last 8 years, in addition to 2012 after the net profit is 10.15 million yuan, the rest of the year after the net profit has not realized profit. However, even if the 2012 to achieve profitability, can view the company's annual report is still questionable. List of accounts receivable give before and after the list of problems first, according to the company 2012 report data show that the company accounts receivable the top five units (see table 1) In this Accounts receivable disclosure schedule, the year-end Accounts receivable fourth is the economic development Zone housing security and Public Utility Service center. At first glance the name of the unit seems to be fine, but you think carefully, the problem is the national economic development zone countless, and some only a city there are several economic development zones, then the company only disclosed the economic development Zone housing security and Utility Service Center, but did not disclose which city, if not the disclosure of mistakes, Then the company has deliberately concealed the suspicion. The problem is that, from the first few customers of accounts receivable, in addition to the fourth Economic Development Zone housing security and Public Utility Service Center, the rest of the customer unit name in the front marked Changchun two words, it is only the fourth economic development Zone housing security and utility Service center forgotten? According to the company 2012 years ago five customers operating income display (see table 2), and did not appear in the Economic Development Zone housing security and Utility Service Center, which for the fifth customer, that is, the mainland Automotive Electronics Co., Ltd. sales of 10.6639 million yuan. In 2012, the company reported that the first five customers of the accounts receivable did not show the location of the economic development Zone housing security and Utility Service Center, the last one is also the mainland automotive Electronics Changchun Limited amount of 8.4313 million yuan. And again forward 2011, both accounts receivable and operating income have not seen this headless economic development zone housing security and Public Utility service center customer name. 2012.5 Annual report of Accounts receivable fifth is 8.4313 million yuan, then the economic development Zone housing security and Public Utility Service center accounts receivable may only be less. In 2012, the top five customers did not appear in the Economic Development Zone housing security and Public Utility Service Center, then the year to its sales income can only be lower than 10.6639 million yuan. In the annual report of the Economic Development Zone housing security and Public Utility Service Center for 1-2 years but has 22.6111 million yuan accounts receivable, which obviously inconsistent data. Customer name is cloned ahead of time virtual increase revenue Meanwhile, the second Changchun economic and technological Development zone housing security and Public Utility Service center and the Fourth Economy Development Zone housing security and Public Utility service center looks quite alike. The latter is only less than the former Changchun and technology these few words. RootAccording to the company's operating income of 2012 years, its main business in the year 100% from the Jilin region. Well, this economic development zone, which has no place to start, can only be from Jilin Province, not from other provinces. Changchun Economic Development Zone, Changchun Hi-tech Development zone, Changchun Automobile Development Zone, Changchun Net month national Hi-tech Industrial development zone, Changchun Airport economy developing area, Changchun International Logistics economic Development Zone, from these comparisons only Changchun economic and technological development zone is most likely. So, after the exclusion of a large number of possibilities, the economic development Zone housing security and Utility Service Center is the Changchun Development Zone housing security and public service center? According to the company's 2013.5 Annual report, Changchun Economic and technological development zone should be accepted housing security and Public Utility Service center accounts for 75.8225 million yuan, and the end of 2012 should be collected at 53.1244 million yuan, but the 2013 half of the annual report of the top five customers in the minimum revenue of only 1.5054 million yuan, but also did not see the Changchun Economic and technological Development zone housing security and Therefore, the company in 2013 for no reason more than tens of thousands of changchun economic and technological Development zone housing security and Public Utility Service center Accounts receivable is obviously not normal. There may be two reasons for this, one is the company's virtual increase in the Changchun economic and technological Development zone housing security and Public Utility Service center accounts. Second, if the 2012 to the Changchun Economic and technological Development zone housing security and Public Utility Service center and the Economy Development Zone housing security and Public Utility Service center of the collection of accounts receivable, there are 75.7355 million yuan, this figure has been quite close to the semi-annual report on its 75.8225 million Yuan receivables. And this economic development zone housing security and Utility Service Center may be the Changchun economic and technological Development zone housing security and Public Utility Service Center, but the company deliberately concealed some words. And such practices, so that the company 2012 Retribution Accounts receivable disclosure of the phenomenon unexpectedly appeared cloning, should be disclosed five units of the situation, man-made into four, but also through accounts receivable disguised as a virtual increase in income. . The historical main industry frequently loses the debt to push the new project is this to appear the problem 2012, the company reluctantly realizes the deduction is not after the net profit 10.15 million yuan, net profit 9.99 million yuan. And this year has been the company from 2004 losses began, after a lapse of 8 years to realize the deduction after the net profit margin. But in 2013 the company lost again. In July this year, the company issued a bond issuance plan, the total value of the planned issuance of bonds does not exceed 500 million yuan, but the company from 2004 2012 to achieve a net profit of only 224 million yuan, which has nearly 7 years of the main business losses. The net profit achieved in the 8 years is less than half of the bond issue. The funds will be used in Xinglong town area shanty towns renovation project. According to the company's 2013.5 Annual report mentioned in the non-raise funds, part of the old town of Xinglong mountain blockSquatter Relocation Building project, the project needs 549 million yuan. and Xinglong Mountain Old Town block squatter relocation building project is the company's Xinglong mountain Old Town shanty towns, a part of the renovation project, according to the amount of the company issued and the necessary funds for the relocation of the building, the company is likely to use the money to raise funds for the previous non-fund-raising project. The first half of this year, last year and 2011 reported that the company's cash flow is negative, showing the company's cash flow tension. Despite the unsatisfactory performance, the company through a variety of methods in the case of poor performance only one year by The Beatles hat, in the future after being saved again what will be the performance? We will continue to pay attention.