Dan Fu's severed arm hemostatic dissolved loss subsidiary loss 20 million

-Our correspondent Wang Juadan Fu finally decided to cut off the loss of its performance subsidiary of Sichuan Jing Feng Machinery Co., Ltd. (hereinafter referred to as "Jing Feng Company"). The liquidation loss is estimated at about 20 million yuan.　　After the dissolution of the liquidation, Jing Fung Company will no longer be included in the portfolio of Dan Fu's consolidated statement. Jing Fung Company was founded in May 2011, the main heavy equipment, steel metal castings and parts production and sales. Dan Fu holds a 51% per cent stake.　　Due to mismanagement and serious losses, for 减亏, Jing Fung Company in September 2012, officially discontinued the reorganization. During the production and rectification period, the management of Jing Feng company did not put forward positive and effective measures to improve the losses. During the production period, the company's monthly fixed fee amortization fee of 1 million yuan, plus customer product quality claims, impairment of assets and other losses, a monthly loss of more than 1 million yuan.　　As at August 31, 2013, Jing Fung Company's cumulative loss has reached 36.5499 million yuan.　　Dan Fu believes that if the company continues to survive, the loss will be further expanded, so that shareholders suffer greater losses, so decided to terminate the operation of the company, the dissolution of the liquidation of law. According to statistics, from the establishment of Jing Fung Company to August 31, 2013 more than two years, Dan Fu shares of its total investment of 51 million yuan, Jing Fung Company cumulative loss of 36.5499 million yuan. As a proportion of 51% of the company's equity, Dan Fu shares a loss of 18.6404 million yuan.　　According to the estimate, the liquidation loss of Jing Feng Company is estimated to be about 20 million yuan. From the report of the situation, Jing Fung Company has indeed become the shares of Dan Fu's performance "stumbling block." The first half of the company's revenue fell 1.84%, the main reason lies in the company's shutdown led to reduced sales revenue. It is noteworthy that Dan Fu shares in August this year announced that the company's own capital of 49.92 million yuan to participate in the expansion of June-photoelectric, by holding the latter 4.52% of the shares of the opportunity to enter the touch panel industry. This "severed arm stops bleeding", undoubtedly also shows Dan Fu shares open new business, looking for new profit growth point of determination.