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Raise investment projects may be indigestion, high-tech enterprises actually piece together the voices of doubt, on March 16, Shenzhen City Jin extension Automation Equipment Co., Ltd. (hereinafter referred to as \"JT share s) IPO IPO application is passed. However, the reporter of the \"public securities\" survey interviews found that, in addition to the above question, JT shares prospectus is also suspected of concealing important information and critical data, even in the presence of the customer order reversed so that low-level error.
Customer order was reversed
JT shares the main business of the electronic machine installed R & D, production and sales of associated equipment. Prospectus 136, 2011, the Company to the Jeter Global Pte Ltd (hereinafter referred to as \"Jeter Global\"), Giken, Dongguan Xin Yang Electronics Co., Ltd., Tianjin Kui Bao Electronics Co., Ltd. (hereinafter referred to as \"Tianjin huge treasure \"), Xiamen the Hengda Yu Trade Co., Ltd. (hereinafter referred to as\" Xiamen the Hengda margin \") and Shenzhen City, Cape Joint Technology Co., Ltd. (hereinafter referred to Shenzhen Pulian\") five majo r customer sales of 7.5445 million yuan, 5.5972 million yuan. 519.66 million, 4.586 million yuan and 4.5914 million yuan, the proportion of the company had total sales of 2.84%, 2.11%, 1.96%, 1.73% and 1.73% respectively.
It is worth mentioning, from top 5 clients sales table, Xiamen Hengda margin, the fifth largest customer, but came in Shenzhen before the S & P joint, the fourth-largest customer. \"As the proportion of JT shares of total sales, two sales amount to Xiamen the Hengda margin, and Shenzhen General Union, are 1.73%, in such circumstances, both the order should be in accordance with the amount of sales, the stroke of the company name or Pinyin to arrange, whether it is an obvious error on the order in which, forms an investment banker, who in an interview with reporters, said: \"in this prospectus should be rigorous, and each data withstand the scrutiny of an error like this too low level. \"
Jeter global source?
If just a stupid mistake inadvertence, then on the company\\ s market share, key information such as first big customer, JT shares are not deliberately conceal?
In the prospectus, JT shares in order to express their position in the market, eight times before and after use the word \"leader\" to describe. Issuers as domestic electronic machine installed the associated equipment of the leading enterprises of the industry, Welding Supplies, occupy a larger share of the market has, however, \"large\" but no mention of how much strength Billiton shares. The SFC issued \"public offering of securities of companies the information disclosed in the Content and Format Standard No. 1 - the prospectus provisions of Article 43, the issuer shall disclose its competitive position in the industry, including the issuer\\ s market share , nearly three years of changes and future trends, and summary of the major comp etitors. JT shares in an issuer\\ s competitive position in the industry, said the company has developed into the leading enterprises in China\\ s electronic machine installed the the field of Welding Supplies According to the statistics of the China Electronic Production Equipment Industry Association, the company highest in the industry, \"the forefront of the domestic electronic machine installed Alliance Welding Supplies market share in 2010.\"
Should be noted that the SFC rules require changes in the past three years, and future trends \", JT shares but only disclosed in 2010, but no specific data, in the end is a weak awareness of information disclosure or deliberate to conceal? Prospectus 97 detail attracted the attention of reporters: \"The industry data cited in the prospectus released from the China Electronic Production Equipment Industry Association, the Chinese electronic machine installed associated equipment industry and future d evelopment trends report the report\\ s data reference database of the China Electronic Production Equipment Industry Association. \" In other words, the industry position of JT shares, and market share data can be found, but the company has not announced in the prospectus, but instead with the \"leading\", \"large\", \"the forefront\".
The industry position is just one of them, the disclosure of customer information, JT shares Cherishing such as gold. 2010 and 2011, Jeter Universal for two consecutive years to become the first big customer of JT shares. On the network, the reporter did not find any news about Jeter Global JT shares prospectus and did not make any introduction. Companies in China are basically limited liability and joint stock limited two, Jeter Global Pte Ltd from the name of point of view, should be registered outside the company. \"A senior industry source told reporters.
Speedy sleight of hand tricks
In addition to information the disclosure of alleged breach of the financial data of JT shares there are also traces of excessive packaging.
As of December 31, 2011, the JT shares aging in the list of major customers in the accounts receivable within one year, Speedy Electronics Shenzhen Co., Ltd. (\"Speedy\") and Tianjin Kui Bao, respectively 454.40 million and 425.60 million yuan in the first and second. The reporter noted that JT shares the full year 2011 total sales of 5.1966 million yuan in Tianjin huge treasure, that is, 5.1966 million yuan, 82% of credit sales. In addition, in 2011, JT shares, the Xiamen Hengda margin, the fifth largest customer, the sales amount of 4.586 million yuan, click here can be inferred, JT shares in 2011, Speedy\\ s sales amount should be less than 4.586 million yuan, while the In this one, actually 454.40 million in accounts receivable, JT shares in 2011 the sales of the company Speedy basically all c redit.
\"A lot of companies rushed results before listing a large number of credit sales and net profit will rise, but the cash flow it is difficult to \\ processing\\ .\" Who declined to name of Certified Public Accountants, told reporters: accounts receivable in the future is likely to turn sour, I remember the media reports, Squire Pharmaceuticals (30.200, -0.02, -0.07%) (300,199) listed soon, the company\\ s first big customer went bankrupt JT shares prospectus by the end of 2011, the company achieved operating income of 265.55 million yuan, an increase of 21.44%; net profit of 40.77 million yuan, an increase of 15.59%; 19.26 million yuan of net cash flow generated from operating activities down 36.75%.
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