Is about to enter the disclosure of the annual report of Listed Companies in 2014, many companies start to prepare for the whitewash performance, through government subsidies to enhance the performance of the last few.
According to reporter statistics, from December 1, 2014 to January 10, 2015, the Shanghai and Shenzhen two cities, respectively, there are 18 and 12 companies announced that the government subsidies.
From the specific amount of subsidies, the Shanghai Stock Exchange 18 companies received a total subsidy of about $949 million; Shenzhen 12 companies received a total subsidy of about $539 million. In other words, in more than a month's time, the 30 listed companies received a total of about 1 billion 488 million yuan of government subsidies.
From the point of view of specific companies, the Shanghai three optical access to government subsidies announcement released 5 times, at the same time, is also the 30 companies get the maximum amount of subsidies for 574 million yuan. Although, in the announcement did not say Sanan optoelectronics all the subsidies into the accounting performance in 2014, but in January 6th the company released the announcement, it was decided by an Fujian crystal photoelectric Limited company 12 million yuan subsidies. The money has been received. In accordance with the relevant provisions of the accounting standards for enterprises, the sum of money received at the time of receipt as a current income. While the remaining several announcements, the company said that the relevant production equipment subsidies are recognized as deferred income received at the time of receipt, and the average life expectancy of the relevant assets included in profit or loss.
According to another, Sanan optoelectronics released October 29, 2014 2014 three quarterly show, the first three quarters of 2014 operating income was 3 billion 478 million yuan, an increase of 32.16%; operating profit 1 billion 9 million yuan, an increase of 67.43%; attributable to shareholders of listed companies net profit of 1 billion 50 million yuan, an increase of 38.02%. Among them, the third quarter revenue of $1 billion 301 million, an increase of 35.89%, a decline of $3.94%, attributable to the listed company net profit of $384 million, an increase of 28.92%, a decline of 12.35%.
In the first three quarters of last year, three optical performance point of view, the government subsidies can only be icing on the cake, but for other companies, government subsidies have become "free hematonic".
Tianli high in January 1st this year, the announcement, in 2014 to get the potential to transform the funds, the government to buy post subsidies, tax rebates totaling 17 government grants, totaling 12 million 176 thousand and 300 yuan. The company last year, three quarterly report shows that the first three quarters of net profit was a loss of $57 million 382 thousand and 500, and notice the full year 2014 net loss. The company in 2014 with the help of government subsidies, net profit again counter attack is worthy of attention.
It is worth noting that the days of high profits in 2012 the huge loss of 224 million yuan, in 2013 net profit of 5 million 402 thousand and 200 yuan, achieve profitability, inspection reports found that in 2013 the company received government subsidies reached 29 million 817 thousand and 600 yuan. Visible, the role of government subsidies on 2013 losses.
According to statistics, the semi annual report of Listed Companies in 2014, 88% of the companies received government subsidies, some companies receive subsidies far more than net profit.
In this regard, some analysts said that the stock market in a number of China scarce and strict examination and approval, so the listed companies will become a local political project, also formed a local government to maintain the economic development and continue to face "on the local listed companies transfusion Paul shell, but the government subsidies for listed companies in essence" palliatives". With the improvement of the delisting system and the implementation of the registration system, the threshold of corporate financing will be reduced, I hope this phenomenon will gradually become a phenomenon of government subsidies transfusion.
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