Three big questions to blame for the "green land" performance frequency

Yunnan Green Earth Bio-Tech Co., Ltd. due to the 2009-year performance forecast a few times, July 9 was publicly denounced by Shenzhen, and credited to the listed company integrity files.　　Reporter survey found that "green earth" performance frequency change behind three big questions to be solved. SSE 9th evening Notice that the Green ground for 2009 Annual performance forecasts, performance express disclosure irregularities and other issues were publicly denounced. There are also publicly denounced executives such as Green Earth Chairman.　　The company issued an apology on the same day and apologized to all investors. Green Earth is a shares of the first green industry listed companies, but also the first private listed enterprises in Yunnan Province.　　From October 2009 to this April, the green land disclosure of performance forecasts, performance letters have been repeated. Among them, October 30 last year, the company released the 2009 quarterly report said, the 2009 is expected to be attributed to the owner of the parent company's net profit (hereinafter "net profit") than the growth rate will be between 20%~50% (the company 2008 annual net profit of 86.77 million yuan).　　By January 30 this year, the company suddenly issued the 2009 Annual Performance Notice Amendment notice, the disclosure of the previous announcement of the 2009 net profit growth rate was revised to 30% less than the last year.　　February 27, 2010, the company issued the third 2009 annual performance letters, the disclosure of net profit of 62.12 million Yuan; April 28, the company issued the fourth time 2009 Annual Performance Express Amendment notice, the aforementioned performance Express disclosure of the net profit revised to-127.96 million yuan.　　April 30, 2010, the company issued the fifth annual report of 2009, the disclosure of the company 2009 net profit of 151.23 million yuan, the Asia-Pacific accounting firm Limited to the company 2009 financial statements issued a reservation of the audit report. After the above five times "face", the green Earth 2009 forecast profit from profit 104 million yuan ~1.3 billion yuan, a drop again to a loss of 130 million yuan. As for the frequent "face" reasons, the green Earth in the annual report of the explanation is: since the fall of 2009, Yunnan Province suffered a rare period of continuous dry weather, the company's seedling production and seedling survival has brought great harm.　　At the same time, due to poor production management, resulting in the spread of pests and diseases, resulting in maming base and Simao base dead seedlings loss of 155 million yuan. SSE's "condemnation" bulletin did not specify why the green Earth's performance forecast would be a frequent loophole.　　Reporter survey found that the green ground performance frequently "face" behind a few big questions to be solved. First, the Green Earth announced that the results of the change is due to drought, but the drought in Yunnan province began last July, the impact of the drought is not announced until January 30 this year?　　How can drought impact feedback be so lagging behind? Second, January 8 this year, the Green Earth issued a notice, the initiative to withdraw the July 2009 issued a targeted additional plans. According to the original plan, the green land is intended to be a non-public offering of not more than 25 million shares, the issue price is not less than 18.64 yuan/share, raise funds netThe amount of not more than 440 million yuan, is intended for Guangnan County high-quality Green seedling production base construction project. January 30 this year, the company suddenly released the 2009 annual Performance Notice Amendment notice.　　What is the correlation between the impact of the drought and the withdrawal of the targeted issuance plan? The third is why the green land suddenly high price change audit institutions? November 6, 2009, the Green Earth issued a notice will be the original hired audit institutions--and is the letter of the CPA firm changed to the Asia-Pacific accounting firm, and the annual service fee from 300,000 yuan to 500,000 yuan. In addition, in October 2008, the Green Earth also issued a notice to replace and Zheng Xin accounting firm in lieu of cooperation with the company for more than 7 years Shenzhen Pengcheng accounting firm. Two changes in the audit institutions are close to the annual report audit time, it is inevitable to confuse people.