Wanbang photoelectric drag performance big face Fu jing"

Previously reported the matter, on the performance of listed companies face the mentioned large provision is an important reason for the performance of the company before and after the changes, and after the inquiry found that some bad debts caused by equity provision, many companies is still a nightmare.

Fu Jing technology is one of them.

Participation into the performance of the company suck gold black hole

Previously, Fu Jing technology had forecast performance, said the company's 2014 annual profit will be continued, expects attributable to shareholders of listed companies net profit of tens of millions of yuan, but the company was also known as the company headquarters, the main business situation overall than the previous year, but the performance of shares of the company in Fujian province Wan Bangguang electric limited company of science and technology uncertainty.

However, the subsequent release of the results of the revised report became the first loss, and the first loss, the reason is that the operating results of the uncertainty of the state of Fujian province Photoelectric Technology Co., Ltd., a subsidiary of listed companies to drag the hind legs.

January 29, 2015, Fu Jing technology announced the results of correction notice, said the company's net profit year-on-year decline of 100%-145%, for reasons that results in the face of the company, although the operating performance has improved over the previous year, but the shares of enterprises in Fujian province Wanbang photoelectric technology limited company high rate of assets and liabilities, accounts receivable and inventory problem serious business conditions worsen, capital chain rupture, the problem of capital occupying by the major shareholders have not been resolved, the continued viability of the existence of great uncertainty, the company intends to the long-term equity investment impairment and proposed the dissolution of the company, have a significant impact on the company's annual financial statements.

From Fu Jing technology's announcement shows that the year 2014, the company net profit, operating profit, total profit attributable to shareholders of listed companies fell 124.85% respectively over the previous year, 115.32% and 137.15%, mainly because this year for impairment of 58 million 62 thousand and 700 yuan of long-term equity investment - Fujian Wanban Optoelectronic Technology Co. Ltd. ", included in the this year, the impairment of assets affect current profits.

Tear down the debt guarantee Duonuomi domino

Fujian Wanban Optoelectronics Technology Co., Ltd. may drag Fu Jing technology after early warning.

Fu Jing technology holds Fujian Wanban Optoelectronic Technology Co., Ltd. 41.49% stake, ranked the second largest shareholder. In addition to Fujing technology, other shareholders are Fujian zhongkewanbang photoelectric shares (40.11, 0, 0%) Company Limited (hereinafter referred to as "zhongkewanbang") holds a 54.25% stake, He Wenming holds a 3.62% stake, Wu Danfeng holds a 0.64% stake in zhongkewanbang for Wan Bangguang Electric's controlling shareholder, He Wenming and Wu Danfeng couple the actual controller for Wanbang photoelectric.

September 2014, Fu Jing technology received the actual controller, Wanbang photoelectric chairman He Wenming oral briefing, Wanban optoelectronics will approve why Wen Ming, about 3 million 500 thousand yuan of debt guarantees without the board of directors and shareholders, because he failed to repay debts Wen Min, the relevant creditor has filed a lawsuit, Wanbang photoelectric assume security responsibility, Wanban optoelectronics part of the bank account has been frozen.

On the surface, the amount of 3 million 500 thousand yuan guarantee and other two companies, hundreds of billion compared to the guarantee amount is not large, but it has become the last straw breaks the camel, because the guarantee itself is illegal: Wanbang photoelectric chairman He Wenming and the management of the illegal guarantee matters informed in advance Wanbang photoelectric board, but did not get Wanbang photoelectric board of directors and shareholders will review and approval.

Note that Wanban Optoelectronics in its high rate of assets and liabilities, part of the funds by large shareholders zhongkewanbang, misappropriation of company funds tense situation, part of the bank accounts were frozen, Wanbang photoelectric financial funds have been in a difficult state.

By the end of June 30, 2014, the Fu Jing technology Wanbang photoelectric of the long-term equity investment book value of 63 million 469 thousand and 200 yuan.

In fiscal year 2014, Wanban optoelectronics for Fu Jing technology brought 58 million 62 thousand and 700 yuan impairment, and this provision, accounted for the last fiscal year of the listed company (2013) audited net profit of 147.99%, resulting in the Department of Fu Jing technology background to the good performance, all the results fill "the hole".

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