The northern wilderness accounts for the decline of bad profit 80% subsidiaries account for black hole

The company issued a notice, inquires the holding subsidiary of the arrears found, there are large "problem" funds, so that a large number of impairment of the preparation of this reporter GUI bamboo shoots in the first disclosure of the two-quarter accounting for large impairment, the northern wilderness on August 24 disclosed the interim results report. China reported that the first half of the company's operating income fell 41.22% Year-on-year, about 4.9 billion yuan, the return of the listed company shareholders of the net profit fell 83.5%, about 46.98 million yuan. Large sums of money to reduce the value of the sharp decline in net performance profits, and the company's large amount of the value of the reduction. The report shows that the first half of the company to achieve business income of 736.17 million yuan, the year-on-year decrease of 445.44 million yuan, down 37.7%, Among them: sales of 13600 tons of corn, achieve sales revenue of 29.2 million yuan, sales of fertilizer 225,500 tons, achieve sales revenue of 654.15 million yuan, sales of coal 97,600 tons, to achieve sales revenue of 37.22 million yuan. The main reason for the decline in income is the sharp decrease in sales of rice, corn and coal. The first half of the company to achieve total profit-274.01 million yuan, an increase in losses of 241.96 million yuan, the main reason is the continuation of the inventory of money and the provision of impairment. August 22, the northern Wilderness disclosed a notice, said the company to verify the companies in 2012 to the holding subsidiaries of the Northern Wilderness Xin Asia trade arrears, found that Heilongjiang province Jidong County Zhong-Wang Grain depot, the northern wilderness Green Maple Linen Company and other enterprises arrears and Xin Sub inventory of flax and coal inventory has significant impairment risk, The above provisions for the reduction of value of the total 264.73 million yuan. Although in the announcement, the northern part of the wilderness claimed to have taken actions such as rights, but also frankly, there is a large amount of money may be difficult to recover. In addition, the company's real estate companies to borrow money, there is also the possibility of increasing the risk of recovery. With the continuous deepening of the special clean-up work, some problems are exposed. Capital Black hole more and more deep check, Green Maple Flax Company in charge of Wang Xi just provided by the Xin Asia Company issued by the replenishment of its loss of 30 million yuan to reduce its arrears, the green Maple flax is the reason for the compensation is sold to its 4071 tons of flax, no actual payment but by the company to take away the entrusted processing, They got the yarn loss of 30 million yuan (after the company's business staff calculation, processing losses of about 28 million yuan). The authenticity of the above explanation cannot be confirmed by the internal verification of Xin, but if the above explanation is finally approved, the receivable of 28 million yuan will not be recoverable. In addition, the chicken Dong Honglin Coal Distribution Co., Ltd. Receivable book balance of 110.27 million yuan verification found that there are various problems. In accordance with the cooperation Agreement between the two parties, in the premise of not carrying out terminal sales, the company does not confirm the stock, it will be all the stock of the company back, restore into debt, the total rushed back to inventory 194,000 tons, the amount of 108.36 million yuan. As at the end of June 2013, with the chicken Dong Honglin Company's balance of 110.27 million yuan, due to the disappearance of the legal representative of the other company, has been in a state of business, Xin Asia Company has reported, but due to the needs of the case, the SecretaryThe legal authorities have not yet reported the progress of the investigation to Xin Ya company. Changchun Trade Co., Ltd. receivable book balance of 34.45 million yuan verification found that, with the Xin Asia Company's Changchun Songya, Elm Baohong and Changchun Jiachang for the same control, Xin Ya company owe Changchun Pine Asia 4.4 million yuan, less than 1.38 million Yuan Elm, Chong arrived, Xin Asia company should accept Changchun Jiachang 28.67 million yuan. Xin Asia Company repeatedly to Changchun Jiachang urge owed, but its no cash repayment. In addition to the above, the company also found that the Hohhot City Huan Tong Industry and Trade Limited liability company should receive book balance of 25.71 million yuan, as well as the Jidong County Chung-Wang Grain Depot Other receivables balance 23.27 million yuan, to the county Hai Xiang Coal Distribution Co., Ltd. Other receivables balance 28.38 million of the problem. Coupled with the previous real estate companies to borrow money, the northern wilderness of bad debts, inventory impairment, etc., will affect the company 2013 operating performance loss of 234.72 million yuan.