Doubts about financial data doubtful about triple rainbow profit

May 23, Beijing Sanlian Rainbow PU new Fiber Technology Service Co., Ltd. (hereinafter referred to as the company) IPO application through the issuing Commission audit. However, the company's prospectus, a number of key data is clearly missing, financial data is a major doubt, the company's performance fear of risk. Doubt one: The total amount of debt is too high to be stable. The prospectus shows that the total assets of the company in 2011, 2012 and 2013 were 28,843, 610,000 yuan, 41,801 990,000 yuan, 67,869 610,000 yuan, and the total liabilities of the company in the same period were 17, 1.2515 million Yuan, 24,158.650,000 yuan, 43,024.580,000 Yuan, 2011, 2012, the total amount of liabilities hovering below 60%, 2013 total liabilities accounted for a sudden increase to 63.39%. In 2013, the ratio of corporate capital flows to the speed ratio was down 0.07 and 0.01 compared with 2012, which meant that the ability of the company to repay its debts increased at a pace that was balanced with the growth of the debt rate, and the company's future debt repayment capacity would be under great pressure. Doubt two: Cash flow financial data is doubtful the company 2012, 2013 investment activities and fund-raising activities generated by the net cash flow is negative, indicating that the company's performance is poor, but the same period of business activities generated by the cash flow doubled significantly positive growth.　With the high rate of corporate indebtedness, the net amount of cash flow of investment and financing activities is negative, the cash flow generated by operating activities is obviously not in line with the rule of performance growth. Doubt three: Employee insurance (assured) and Provident Fund key data not approved prospectus shows that in the company and its subsidiaries in the implementation of social security system and Housing Provident Fund system in the basic circumstances, about the company for employees to pay social insurance and Housing Provident Fund base, proportion and personnel differences are as follows, 2011 to 2013: Pay base for staff wages, the last three years, the upper limit of 12603 yuan, 14016 yuan and 15669 yuan, pension insurance, medical insurance, unemployment insurance, work injury insurance, maternity insurance, Provident fund companies to pay the proportion of 20%, 10%, 1%, 0.3%, 0.8% , 12%, Social Security pay difference number of 8 people, 9 people, 6 people, Provident Fund differences in the number of 9 people, 9 people, 7 people. However, in 2011 and 2013, the company paid key data for employees on the above insurance and Provident Fund, that is, the amount and number of employees that the company paid each year to employees was not disclosed. The same thing happened to the company's subsidiary, Suzhou Min Zhe. Company prospectus shows that Suzhou Min Zhe was founded in April 2010, in April 2013 completed the construction of production workshop, starting from June 2013 to carry out production activities. December 2013, Suzhou min Zhe employs 137 people, for employees to pay social insurance and Housing Provident Fund base, proportion and personnel differences are as follows: The period of 2013 at the end of the payment base is 2170 yuan; endowment insurance, medical insurance, lossIndustrial insurance, industrial injury insurance, maternity insurance, Provident fund companies to pay the proportion of 20%, 9%, 1.5%, 1%, 1%, 8%, Social security pay differences in the number of 5 people, Provident Fund differences in the number of 8 people. Suzhou min Zhe 2013 for employees to pay the above insurance and Provident Fund key data-payment amount and the number of employees did not disclose. As a listed company, should disclose the company for employees to pay social insurance, Housing Provident Fund Basic data, through the payment base, payment ratio, payment amount, pay the number of key data can calculate whether the company in this area of expenditure in a reasonable range, see whether the company exists through insurance, Provident Fund, such as the amount of misrepresentation of the way the virtual increase in net profit potential. Doubt four: The main project to raise investment rental housing office building do buy the construction prospectus shows that the company's investment in a project is used to purchase office rooms. 2013, the company and Beijing Greenland Jinghua Real Estate Co., Ltd. signed the "Green Center directional Development Agreement" to buy located in Beijing, Chaoyang District, 3rd Grand Wangjing Green Center, the total area of 3936 square meters of housing for office. The total price of the contract is 181.8432 million yuan, as at the end of the reporting period, the company has prepaid 72.7373 million yuan, the remaining price of 109.1059 million yuan to pay for the raise funds, which means that the plan for more than 1/4 investment funds is used to buy office rooms, The company said it helped to improve the company's brand image and industry position. However, the company on the one hand to buy office space for the image of the project, on the other hand, the important project is to lease other companies land construction. In particular, investors are reminded that: one of the important projects to raise investment-Changle Operation Service Center construction project Leasing land tenure company-Changle Heng Nylon Technology Co., Ltd., but also the triple rainbow spinning production line and polymerization line of the most important procurement customers, The annual confirmed income amount is basically between 40 million-62 million yuan. Company and Changle Heng Nylon Technology Co., Ltd. signed the "Real Estate leasing agreement" shows that, Beijing Sanlian Rainbow New Fiber Technology Service Co., Ltd. to lease Changle Heng Nylon Technology Co., Ltd is located in the Changle Satsuki town Zhang Liu Village land and on the land in accordance with the relevant requirements and standards of housing construction (not yet built) 3000 square meters, for the Engineering Development Center Changle Engineering Laboratory operation, the lease period of June 20, 2011 to June 19, 2021, the rent is 50,000 yuan/month. This is also enough for the company's longest lease of the paper "Real Estate leasing agreement." Based on the close relationship between the two companies, it is questionable whether the construction project of the Changle Operation Service Center is a related transaction. (Edit: Gifted)