2010 Stock Market Holidays
inflated revenue disclosure of information to mislead investors by Lapss321
The cornerstone of the stock market listed companies, magazine appeal to the national media practitioners, to strengthen public opinion forces to prevent the black sheep market fraud and violating the interest of the investors. Jointly promote the healthy development of China’s securities market.
April 6, Qingming first day of trading after a small holiday, winning numbers issued a prospectus of jewelry, Silver Jewelry to be issued in the SME board 6000 million new shares, issued prior to 1.2 yuan per share, return on net assets of up to 37.49%. Diego high in the international price of gold, the domestic gold (1475.20,1.10,0.07%), unprecedented heat consumption market environment, you as the “Jewellery and related articles 2010 manufacturing industry vanguard enterprises” winning numbers for the market of natural jewelry attention. However, in reading the company prospectus publication, they found a lot of financial doubt,wholesale silver jewelry can not make a logical explanation.
Inflated revenue, consumption tax evasion
Prospectus the company cash flows of financial data show that in 2010 “to pay the taxes,” the amount of net cash outflow of 158,681,100 yuan, while the balance sheet shows the end of 2010 amounted to 3.8338 million yuan tax payable subjects, when compared to early 2010 of 13.3318 million yuan net decrease of 9.498 million yuan, which means that the actual tax costs are incurred in 2010 amounted to 149,183,100 yuan (15868.11-949.8).
According to “Provisional Regulations on Consumption Tax of the PRC” requirement: “gold and silver jewelry, platinum jewelry and diamonds and diamond products” correspond to the consumption tax rate is 5%, “other precious jewelry and jade jewelry,” corresponds to the consumption tax rate is 10%, while for ” direct processing of taxable consumer goods commissioned for sale, no longer subject to excise tax. “
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Iams Home 4 the Holidays rings the NYSE Opening Bell
