National wind and plastic industry inventory depreciation to increase the lack of performance suspicion

In the industry overcapacity, the company's main products, plastic film gross margin of the decline in the case, the National Wind Plastic Industry (000859.SZ) in the first half of 2013 to achieve inventory of 156 million yuan, but the depreciation is ready to only mention 181,000 yuan. China wind plastic Industry This move is also questioned by some investors inventory accounting treatment method is too radical, suspected of inflated profits. 2013.5 Annual report shows that the national wind plastic industry to achieve the end of the inventory value of 156 million yuan, compared to the beginning of the 150 million yuan increase of 3.85%, the depreciation is prepared for 181,000 yuan, compared to the beginning of the 255,000 yuan decline 29%, the proportion of 0.12%. "The first half of 2013 was affected by the domestic macro-control, the company's products prices generally decline, gross margin year-on-year also appeared a certain decline." "In this case, the national wind and plastics industry is falling far ahead of the decline in inventories," said one investor in the national wind industry. "To do such accounting treatment, obviously listed companies are too optimistic about inventory items, suspected of falsely increasing profits." "Compared with the listed companies in the same industry, St Baoshuo (600155.SH) 2013.5 Annual report shows that the end of the realization of the inventory of 16.153 million yuan, the depreciation of the preparation for 6.242 million yuan, the proportion of 38.6% St Tatsu (600074.SH) 2013.5 Annual report shows that the end of the final inventory of 145 million yuan, the depreciation of the preparation for 5.36 million yuan, the proportion of 3.7%. Compared with the listed companies in the same industry inventory processing methods, the national wind and plastic industry inventory processing method is more radical. Earnings showed that the end of the national wind plastic business income of 651 million yuan, down 8.75% year-on-year, to achieve the ownership of the listed company's shareholders net profit of 23.71 million yuan, fell 290.12%. At the same time, the company's sales gross profit margin of only 7.21%, the year-on-year decline of 3.77%. September 18, the national Wind Plastic karma closed at 3.82 yuan, down 1.55%.