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On February 22, the Zhejiang Securities Regulatory Bureau issued an administrative penalty decision [2024] No. 7 to disclose the details of the Founder Electrics five consecutive annual reports.A fine of 700,000 yuan.Look at the specific situation-
The following illegal facts:
First, the accounting estimate of "three packages" is unreasonable.Since 2015, Shanghai Haineng Automobile Electronics Co., Ltd. (hereinafter referred to as Shanghai Hai Neng), a wholly -owned subsidiary of Founder Electric, directly or through Guangxi Sanli Technology Development Co., Ltd. (hereinafter referred to as Guangxi Sanli) to Guangxi Yuchai Machine Group Co., Ltd.The company (hereinafter referred to as Guangxi Yuchang) sells products, and provides product warranty to Yuchai, Guangxi. According to the claims of Yuchang, Guangxi, Shanghai Hai Energy will be provided or confirmed that the quality of the product is "three packages".Since the end of 2018, the quality claims initiated by Yuchang in Guangxi have increased significantly, but the company has not made appropriate accounting estimates and accounting treatment.
After calculation, the company should make up for the "three packages" of 2018 to 2022, respectively, RMB 25.08 million, 4.2307 million yuan, -14.981 million yuan, -124.04 million yuan, and 124.04 million-25.641 million yuan, the proportion of the absolute value of the total profit of the profit during the period was 5.98%, 22.67%,-2.31%, -148.94%,-0.77%, respectively, and affecting the preparation of the annual goodwill impairment.
Second, it is not properly expanded the asset -related asset group of Shanghai Haoneng.In 2015, Founder Motor acquired 100%equity of Shanghai Hai Neng, forming a goodwill of 829 million yuan.Founder Electric (Vietnam) Co., Ltd. (hereinafter referred to as Vietnam Fang Zheng) was originally a wholly -owned subsidiary of Founder Electric; in July 2019, Founder Motors transferred 100%equity of Vietnam to Shanghai Haineng.Since the end of 2019, the company has inappropriately incorporated Vietnam in Shanghai Haonengs goodwill -related asset groups to conduct goodwill impairment testing, resulting in the confirmation of the confirmation of the preparation of goodwill impairment.
After calculation, combined with the unreasonable impact of the "three packages" accounting estimates, the company shall supplement the confirmation of the amount of the reputation for the impairment of the reputation from 2018 to 2022, respectively 52.924 million yuan, 173.3810,000 yuan, 32.9069 million yuan, 14.7177 million yuan, and -84.4121 million yuan, accounting for 12.40%, 9.29%, 5.08%, 176.72%, and -25.26%of the absolute values of the total profit of the period.
Integrate the above two items, the total profit increases from Founder Electric from 2018 to 2022 were 78.433 million yuan, 5.9645 million yuan, 17.925 million yuan, 23.137 million yuan, -86.9762 million yuan, Accounting for 18.38%, 31.96%, 2.76%, 27.78%, and 26.03%of the absolute value of the total profit of the period.
On August 15, 2023, the Founder Electric issued the "Announcement on the Equal Error Correction and Retanement of the Elimination of the Period", and traced the adjustment of the annual financial statements from 2018 to 2022.
The Zhejiang Securities Regulatory Bureau believes that the above -mentioned illegal facts, some evidence of product sales contracts, financial vouchers, relevant personnel inquiring transcripts, situation descriptions, company announcement, audit work, etc.
Founder motors above -mentioned behavior violated Article 63 and 66 of the Securities Law in 2005, Article 78 of the Securities Law in 2019, paragraph 78, paragraph 2, paragraph 2, paragraph 2, paragraph 2, paragraph 2, paragraph 2, paragraph 2, paragraph 2, paragraph 2, paragraph 2, paragraph 2, paragraph 2, paragraph 2, paragraph 2, paragraph 2, paragraph 2, paragraph 2, paragraph 2, paragraph 2, paragraph 2, paragraph 2 of the Securities Law.Article 79 The provisions constitute Article 193, paragraph 1 of the Securities Law in 2005 and illegal acts described in Article 197 of the Securities Law in 2019.
Gu Yifeng, the then chairman of the Founder Electric, has a responsibility of comprehensive management of the company, but did not diligently perform his duties and fails to guarantee that the companys relevant reports are true, accurate, accurate, accurate, accurate, andComplete, violating Article 68, paragraph 3) of the Securities Law in 2005, and Article 82 of the Securities Law in 2019, is the competent person in charge of the companys direct responsibility.
In fact, on February 5 this year, the company has received the administrative penalty decision [2024] No. 6.The Zhejiang Regulatory Bureau stated that the comprehensive consideration of Founder Electrics five consecutive annual reports has false records, and individual annual false records accounted for relatively large annual reports.Fined fines; Mu Jian, the secretary of the board of directors, secretary of the board of directors, secretary of the board of directors, chief financial officer, and deputy general manager, and imposed a fine of 1.3 million yuan; the opponents then chairman and general manager Niu Mingkui were warned and imposed a fine of 800,000 yuan.Essence
Public information shows that the Founder Electric is a new energy-drive motor supplier, and its main business is sewing machine application products, automobile application products(Including new energy vehicle drive motors, supporting motors, and power assembly control products) and the development, production and sales of smart controllers.
According to the 2023 performance forecast released by Founder Electric at the end of January this year, it is expected that the net profit attributable to shareholders of listed companies in 2023 will be between 100 million and 135 million yuanThe same period last year was a net loss of 233.8 billion yuan, a year -on -year increase of 142.77%to 157.74%, achieving a profit of turning losses.
The non -net profit of deduction is 20 million yuan to 30 million yuan. The same period last year was a loss of 248.4 million yuan, an increase of 108.05%to 112.08%year -on -year.
Edit: Captain
Review: Woodfish
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