Jinrui technology play financial profit asset injection or difficult to change the Bureau

October 17, Jinrui Technology Bulletin said the company will be a 120 million-yuan Price transfer holding subsidiary Shenzhen Kim Rui Nuclear Electronics Co., Ltd. (hereinafter referred to as "Jin Rui Nuclear") 55% of the equity. The equity transfer will contribute investment income of about 74 million yuan, while the company will no longer hold the nuclear stakes in the Swiss. After the transfer of elephant investment and Jinneng technology of equity, the transfer of equity has been Jinrui technology three degree of non-main asset repaying. Frequency Shi Technology Squeeze profit November 2012, in order to avoid the St risk, Jinrui technology at a low price transfer of the elephant investment 13.33% of the equity. With the investment income and government subsidy obtained by the disposal of assets, Jinrui Technology 2012 to achieve 2.29 million yuan of meager profit, Lucky escape St Doom. In the first half of this year, the company's main business remains weak, the net profit after the deduction is 18.49 million yuan. While reliance on high non-recurrent gains and losses has turned net profits into profit, companies seem to be aware that this is unsustainable. To this end, Jinrui technology to exert financial skills to improve the book profit by changing accounting estimates. September 28, the company announced that due to electrolytic manganese production of the required turnover materials in the cathode plate life is generally extended, so the amortization life from 36 months to 48 months, while the anode plate and cathode plate residual value from 0 respectively changed to 35% and 40%. Bulletin shows that After the calculation and adjustment will make the company 2013 of anode plate and cathode plate amortization cost reduced by 6.1647 million yuan, the impact on total profit is 6.1647 million yuan; since 2014, the annual cost of anode plate and cathode plate has been reduced by about 14.89 million yuan, after deducting the expected disposal earnings of anode plate and cathode plate, the effect on total profit is 10.67 million yuan. The quality of asset injection August 8, Jinrui Science and Technology Bulletin said, the company's controlling shareholder Changsha Mining and Metallurgy Research Institute plans to its holding subsidiary of Hunan Long-term Lithium Branch Co., Ltd. (hereinafter referred to as "long-term lithium division) into the listed companies." According to the evaluation report, the carrying value of the total assets of lithium division is 186.9149 million yuan, the book value of the total liability is 188.1963 million yuan, the net assets book value is 1.2814 million yuan. However, it is such an insolvent company, its shareholders of the total equity value of the valuation is 21.5908 million yuan. According to the asset injection plan, Changsha Mining and Metallurgy Institute intends to hold its long-term 35% stake in lithium division in order to evaluate the price as a trading floor (according to the initial evaluation of the price of 7.5568 million yuan), in the equity exchange publicly listed transfer, Jinrui technology by allowing long-term lithium division 35% shareholding will reach 51%. The financial statements show that the long-term lithium division in 2012 and the first half of 2013 respectively achieve a net profit of 5.13 million yuan and 2.17 million yuan. Jinrui technology from 2011 to 2013 the first half of the operating profit of 100 million yuan,-17.77 million yuan and-15.65 million yuan. This means injecting long-term lithium into Jinrui technology in order to reverse the decline is tantamount to a drop in the bucket. Although the quality of injected assets is worrying, but because of the linked Tesla concept, the Jinrui technology of the two-tier market performance isUnusually eye-catching. As of yesterday's close, Jinrui technology has risen by as much as 73% in the year (after the right to recovery). Jinrui Science and Technology Securities Representative Li Miao told reporters that the asset injection plan has been reported to the actual control of China Minmetals Group, Minmetals has not been given a reply. After the completion of the decision-making process in Minmetals, the program still needs the approval of the state-owned Assets management department.