Lotus MSG issued a warning letter multiple information disclosure inaccurate

and pick News August 6, Lotus msg (600186, shares bar) issued a notice, its recent acceptance of the CSRC Henan Authority's annual report inspection, and in July received the Henan Bureau of Supervision issued the "on the Henan Lotus Monosodium Glutamate Co., Ltd. issued a warning letter decision", due to a number of information disclosed inaccurate, Lotus MSG is required for rectification. The announcement shows that the Lotus MSG 2013 Annual report of the main customer name is not accurate, the first major customer is actually Henan Lotus Eco-Agriculture Co., Ltd., the annual report in Henan Lotus Eco-Environmental Protection Industry Co., Ltd. the third largest customer is actually Mangshi Jin Li Border Trade limited liability company, The annual report is Dehong Warehousing Logistics import and Export Co., Ltd. In addition, it is noteworthy that the information disclosed in its financial reports is inaccurate. Lotus msg Last year charged sales costs-rebate of 2.0724 million yuan in 2012 sales revenue generated by the rebate, in addition, last year, the final advance of the project balance of 8.4592 million yuan, should be in charge of assets "other non-current assets" listed, Lotus msg in the "prepaid" listed, these are not in line with the accounting standards related provisions. In this regard, Lotus Msg said that the decision has been made to make corrective measures and implementation, and formed a rectification report. In fact, since the Lotus monosodium glutamate has been falsely increased by nearly 500 million yuan in profits, this June this year, the SFC received the penalty decision. During the 2007-2008-year period, the Lotus MSG will not be in place in the government subsidy of 194.4 million yuan and 300 million yuan recorded, making the company profit of two years, otherwise, Lotus Msg may be due to two consecutive years of loss by the city special treatment, wear st hat. In this connection, the SFC to the Lotus msg warning, and sentenced to a fine of 500,000 yuan, at the same time, the parties to the executive a total of 450,000 fines; In addition, the SFC asked the Lotus MSG and the parties concerned sincerely to all investors apologize. As a result of the monosodium glutamate industry overcapacity, competition, resulting in a decline in product gross profit, Lotus msg history heavy burden, in recent years, performance continued to slump in 2013, its net profit loss amounted to 326 million yuan, down 991.41% year-on-year. In the first quarter of this year, Lotus MSG performance did not improve, the realization of operating income of 446 million yuan, down 24.29% per cent, net profit loss of 40.7016 million yuan, and the same period last year, the losses were 49.9332 million yuan. There are analysis that the monosodium glutamate industry pollution problem, in the context of increasingly strict environmental protection, the current domestic 11 monosodium glutamate production enterprises have 33% of the capacity loss of nearly two years. Affected by overcapacity in recent years, the MSG industry fell into a trough last year, the market demand for weak prices falling. Another A-shares listed companies, Plum Life (600873, shares bar) days are not very good, its leading product is MSG and amino acids. Last year, due to price and other factors, its MSG and amino acid products, gross profit margin of 3.39% year-on-year decrease, operating income by 8.02%.