Vde Bent Nose Plier,Insulation Bent Nose Pliert,Injection Bent Nose Plier,Vde/Gs Certificate Cutting Plier Shanghai Countool In't Trading Co.,ltd , https://www.countool.com
The illegal facts of Kunming machine tools are as follows: 1. The increased income of 485 million yuan was investigated. From 2013 to 2015, Kunming Machine Tool passed fictitious contracts, fictitious invoices, fictitious transportation agreements, set up warehouses for finished products, and confirmed sales revenue in advance. Incremental income was realized by means of inter-period recognition of income and misrepresentation of income, involving 123 customers and 417 transactions, of which 222 were inter-period income and 195 were false. From 2013 to 2015, Kunming Machine Tool signed a real sales contract with the relevant dealers or customers. After the dealer or the customer paid part of the payment, the product will be recognized in advance before the product is delivered, and will not be actually produced and shipped according to the contract. The revenue of the machine tool is recognized across the period to the end of the year in order to achieve the purpose of inflating the profit of the current year. In addition, Kunming Machine Tool Co., Ltd. also confirmed the three income adjustments obtained in 2014 for actual performance of the contract to 2015. From 2013 to 2015, Kunming Machine Tool signed a contract with some distributors or customers. The dealer or customer falsely purchased the Kunming machine tool products and paid the deposit in advance, but ultimately did not pick up the goods. Later, the deposit will be returned to the customer, or directly processed according to the customer's return. Complete false sales. In this process, Kunming machine tool fictitious contracts, invoices, transportation agreements and other documents, through fictitious transactions to falsely calculate income, in order to achieve the purpose of inflating the current year's profits. In order to avoid the false accounting income discovered by the auditors, Kunming Machine Tool used the method of setting up the warehouse outside the account to store the inventory in the normal way, but the inventory was not actually sent to the customer, but was transferred to the account warehouse. After that, Kunming Machine Tool passed the “secondary†sales, the fictional sales were returned, or the finished products were dismantled into zero parts and the third-party fictional purchases were purchased to process the off-book inventory, but the original accounts receivable could not be offset. . In order to avoid the establishment of off-balance-all warehouses, the auditors were aware that the Kunming Machine Tool also required the lessor of the rental warehouse to issue the invoice for the rental business as an invoice for transportation expenses. In addition, from 2013 to 2014, Kunming Machine Tool also inflated revenue by inflating contract prices. In summary, from 2013 to 2015, Kunming Machine Tool realized a total increase of 487 million yuan in revenue through inter-deposited revenue recognition, false accounting income and inflated contract price. Second, less credits for retiring benefits, executive compensation, and a false increase of 29 million. From 2013 to 2015, Kunming Machine Tools approved the application for retreat of some employees based on the “Administrative Internal Retirement Management Measures†and other documents, and paid internal retreat to employees. welfare. According to the requirements of Article 20 of the "Accounting Standards for Business Enterprises - Employees' Compensation", "Where the enterprise provides the dismissal benefits to the employees, it shall be included in the current profits and losses", the Kunming machine tool should be based on the number of employees retiring and the compensation standards for internal retirement benefits. The current period of benefits payable, the present value of the relevant benefits payable, and the current expenses and liabilities. However, from 2013 to 2015, Kunming Machine Tool reduced the administrative expenses by reducing the number of retired people, not all the employee benefits and the under-remuneration. In terms of dismissal benefits, in 2013, Kunming machine tools actually had 143 internal retreat personnel, but 131 people were retired from financial records, with 12 fewer employees, and 1.10 million yuan in management expenses. In 2014, Kunming machine tools actually had 225 retired personnel, but financial records. 123 people were retired, 102 were understated, and the administrative expenses were 11.08 million yuan. In 2015, Kunming machine tools actually had 289 internal retreats, but 120 people were retired from financial records, 169 were understated, and the administrative expenses were 14.22 million yuan. In terms of executive compensation, the board of directors of Kunming Machine Tool passed the 2014 annual salary evaluation plan for senior executives of the company on March 29, 2015. On March 30, 2016, the company passed the 2015 annual salary evaluation plan for senior executives. Kunming machine tools should follow the evaluation plan. The senior management remuneration was accrued in the current year, but the finances were not fully accrued. In summary, from 2013 to 2015, Kunming Machine Tool reduced the management fee by 29 million yuan and reduced the profit by 29 million yuan by means of less deducting welfare and executive compensation. III. False records in inventory data From 2013 to 2015, Kunming Machine Tool Co., Ltd. set up operating costs for each period by setting up warehouses for finished products, fictional production, and false reduction of actual product manufacturing costs, and accounting for ending stocks for each year. In the past three years, the accumulated cost was 235 million yuan, and the accumulated inventory was 506 million yuan in three years. The CSRC believes that the illegal disclosure of information on information in Kunming's machine tools lasts for a long time, and it takes a particularly bad means of concealing and fabricating important facts. The amount involved is huge! Therefore, the most severe punishment for the life market ban is also made! 
The above fraud and punishment are not complete for Kunming Machine Tool, and there is a more cruel fate waiting for it: Before the Spring Festival, *ST Kunji announced the pre-loss announcement. After preliminary calculation, it is expected that the 2017 annual achievement will be attributed to The net profit of shareholders of listed companies will suffer losses, and the net loss attributable to shareholders of listed companies will be about 3.4-360 million yuan. In 2014, 2015 and 2016, *ST Kunji has suffered losses for three consecutive years and will immediately go to the annual report season. If the loss in 2017 is settled, it will be forced to terminate the listing (ie forced withdrawal). It is worth mentioning that once the market is forcibly delisted, Kunming Machine Tool will become the first delisting stock of the entire A-share in 2018.
The listed machine tool factory has been financially fraud for 3 years and has a false increase of 480 million yuan!
Before the Spring Festival, the China Securities Regulatory Commission officially issued a notice to impose administrative penalties on 23 responsible personnel such as Wang Xing (former chairman), Chang Baoqiang (former general manager) and Jin Xiaofeng (former financial controller) of Kunming Machine Tool Co., Ltd. Among them, the former chairman Wang Xing was banned from the lifetime market! The CSRC has found out that the parties have the following illegal facts: From 2013 to 2015, Kunming Machine Tool passed the various financial fraud "combination boxing", inflated income of 438 million yuan, less management expenses of 29.6 million yuan, and less than 505 million inventories. Yuan, with a total cost of 235 million yuan, a false increase of 228 million yuan.