Gold Feida Mining right 45% depreciation of a year "metamorphism" reason is still unknown

The news of the acquisition of two gold mines last May by Jin Feida, a company that specializes in apparel manufacturing, has caused some investors to express concern about the future operation of two of the gold-deficit mines. Recently, the Gold Feida issued 2013 years of intangible assets report shows that the completion of the acquisition of less than one year, the above one-mark gold mine evaluation value from the then 130 million yuan significantly reduced to 71.06 million yuan. The value of the proposed "give" Gold Feida January 30 issued 2013 annual accounting for the impairment of intangible assets announcement, on the basis of asset inspection and impairment testing, it is found that the intangible assets of the holding subsidiaries-the mining right of the large wasteland gold mine and the mining right of the fish-hole gold deposit in the scope of the consolidated statement, The company employs intermediary agencies to determine the value of the two mining rights, and to establish the need for the provision of impairment. May 2013, Jin Feida acquisition of Kangding Xin Bao Mining Limited Liability Company (hereinafter referred to as "Xin Bao Mining") 52% Equity and Dadu Mining Limited Liability Company (hereinafter referred to as "the Dadu Mining") 52% equity, respectively, the formation of the big wasteland and the fishing hole mining rights of intangible assets. According to the evaluation report, as of December 31, 2013, the valuation value of the mining right of the big and the fish caves was 53.9827 million yuan and 71.0627 million yuan respectively, and the corresponding value was 2.6663 million yuan and 58.8007 million yuan. This also makes the current performance of Jin Fei Tatsu changes, the company issued the same day performance revision announcement, 2013 expected net profit change from the previous year-on-year growth of 850%-900%, the year-on-year growth of 480%-530%. Mining right 45% depreciation of a year "is also a gold mine, the value of the preparation of the difference is too big!" "Some investors question:" In a short span of a year, how can a fish hole be less than half the value of it? According to the assessment notice at the time, on September 30, 2012 as the benchmark day for assessment, The book value of net assets included in the evaluation range of the Dadu mining industry is 10.8402 million yuan, and the book value of mining right is 130 million yuan. Now the value of the mining right of the Dadu River is only 71.06 million yuan, shrinking by 58.8 million yuan in a year and a depreciation of 45%. Yesterday, a senior financial person in the "public securities" interview, said: "The Third-party professional institutions issued an evaluation report, the company on its basis for reducing the value of the preparation, cut the current performance, the corresponding reduction in taxes, this is in line with common sense." But why is the interval not long, the evaluation value will produce such a big difference, there are many reasons, only to see how the specific assessment report explained. "The cause of" deterioration "is still unknown to the concern of the above-mentioned problems, in its request, Jin Fei Tatsu yesterday issued a supplementary bulletin, the mining right in the Dadu River Two assessment of the value of the phenomenon of large differences in interpretation. Jin Fei Tatsu said the main reason is that "the amount of resources and ore average grade has changed", and said that the company does not have the use of asset impairment to manipulate profits. However, because Feida did not produce a new assessment report, the amount of mineral ore and average taste in the Dadu River has changed so much in less than a year.is still unknown. It is worth mentioning that, because before the acquisition, Xin Bao Mining and the Dadu mining industry are insolvent losses, so the price of the gold Feida is not higher than the evaluation value, the total cost of more than 30 million yuan. This is why Jin Fei Tatsu in the announcement will not forget the hint: "The company holds the above two companies 52% equity corresponding to the end of the 2013 net assets share is still higher than the acquisition price at that time, from the whole transaction process, not to the company 2013 investment purchase matters caused losses." "On the related issues," the public securities newspaper yesterday called Jinfei Tatsu, the company's two external telephone calls are no answer.