In January 8, Kingsun announced to cancel the agreement with Guangzhou Ji Cai communication Co. Ltd. 1.5 billion change to 4670 thousand. However, in the first half of this year, BDO Runda claimed to sign five orders contract. But in November 2012, the media exposed, among the five orders, four are the framework agreement(about 10 million), it does have any risk of default. and the order for the sales contract, but there has been no delivery record. The two incidents appear “agreement” orders, this is a coincidence? Or it is the hidden rules for listed companies to play in the LED Lights industry?
Disclose the Secret of BDO Runda 1 billion contract
Six months ago in the first quarter, the BDO Runda investors is also excited. BDO Runda breath announcement of a total of up to 1.075 billion yuan leds “day-to-day operations of a major contract.”
However, the October 26 announcement of three quarterly eye-popping: from Jan to September this year, BDO Runda total operating income is 1.945 billion yuan, down 5.49% compared to the same period last year. But on the other hand, as in September, the company’s profit or loss of government grants has reached 164 million yuan.
Accompanied with the dismal performance, the above 5 parts is about 1.075 billion yuan contract, the first three quarters of this year, only cash 59,058,500 yuan.
Media exposure in November 2012, they found that a total of about 1.075 billion yuan contract turned out to have no default risk, and contracts of more than 10 billion yuan (only later “leds contract” order amount of 54.11 million yuan for a formal sales contract). the presence of the purchasing foreign shareholders information disclosure standard plot.
Therefore, BDO Runda respond to specific matters. In the agreement, it needs to be further clear in the subsequent formal contract or orders, and the formal signing of the contract or order is still uncertainty. ” the company has in the relevant announcement the risk, so there is no false representations or misleading investors.
BDO Runda admitted yesterday that the implementation of the above-mentioned contract situation is not ideal, may be unable to complete the contract within the time agreed upon in the contract sales amount.