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Tsingtao Beer manipulation profit or financing for
China business report for a variety of interests, enterprises often have low performance .Recently, Tsingtao brewstery released the report ,due to a high income tax ,suspected of manipulating profits ,hollister deutschland.
Someone says :&ldquo ;Tsingtao brewstery income tax too high ,there is a man-made regulation factors .The main management wanting to press release .This and Tsingtao brewstery management brewing refinancing plan ,or the equity incentive plan for .
&rdquo ;therefore, Tsingtao Beer stock on behalf of Zhang Ruixiang said ,Tsingtao beer could not manipulate the income tax rate, at the same time ,as a result of dividend ratio change ,green Pi also recently no financing plan .
Tsingtao beer that legal action will be taken according to the financial reports, according to not long ago of Tsingtao published newspaper data ,2011 first half of the year Tsingtao brewstery income tax at a cost of $345000000 ,the income tax ( income tax / total profit ) is 24.
76% ,higher than the 23.06% rate of income tax for the industry average level .Over the same period last year ,Tsingtao brewstery income tax rate is only 21.7% .From the growth rate ratio situation, the first half of 2011 ,Tsingtao brewstery total profit growth of 25.
14% ,but the net profit attributable to parent company grew by only 21.62% .To this, the media questioned said ,Tsingtao this approach is factitious regulation factors, &ldquo ;mainly the management wants to press release .
This and Tsingtao brewstery management brewing refinancing plan ,hollister online shop,or the equity incentive plan for .&rdquo ;the report at the root of the problem lies in the executive problem .The report quoted the Tsingtao focusing on three main points :why the sudden increase of income tax profit ;raw material cost reduction does not in the performance of low profits ;executives to refinance ,hollister.
In this regard, Tsingtao 董秘 Zhang Ruixiangsaid the report &ldquo ;&rdquo inaccuracy and ignorance ,abercrombie,The drug is ceaseless and outspread Wanglaoji cros
People over 61 made up the largest portion with 4,614 suicides or 31.6 percent. Police said this was mainly linked to disease and stress caused by economic hardship.;.He told the reporter of ovine wall evening paper ,the income tax rate change is mainly due to prior to Tsingtao beer has been to compensate for the losses .
&ldquo ;at the same time as a A shares and H shares listed enterprises,abercrombie and fitch, the hidden profits is very difficult to do .&rdquo ;for on executive suppression performance to refinance reports questioning,hollister outlet, Zhang Ruixiang also expresses to weakness lends wings to rumours .
&ldquo ;hand Tsingtao beer no recent financing plan ,on the other hand ,Tsingtao beer will profit-sharing ratio is reduced from 80% to 30% ,to the production of the enterprise development ,abercrombie paris,so it is not lack of funds .
&rdquo ;he said Tsingtao on it retain the right to legal action .In addition ,for this event has not caused substantial influence of Tsingtao beer ,Tsingtao brewstery 重仓Fundsaid Zhang Ruixiang manager of the company is still without a phone calls, consulting the event .
Short for enterprise performance interests involved in short for the interests of disputes .A securities industry analyst told reporters ,in general ,the low performance mainly for three considerations ,&ldquo ;first is the state-owend enterprise evaluation system ,high performance is not as state executive to bring higher income ;on the other hand ,if the performance is high,hollister, the performance of second the amount of increase base elevation of executives ,caused great pressure .
&rdquo ;followed by the equity incentive problem ,hollister france.If the chief executives of state-owned enterprises have some equity incentive ,when performance is relatively low ,prices are often low, the state-owned enterprise executives bought cost price is low .
The last one is extremely bad deliberately executives do low stock price ,the price of inhalation, second years to sell high performance .From the above three kinds of circumstances ,Tsingtao brewstery there may not be the case .
&ldquo ;from my contact with the state-owned listing Corporation, Tsingtao management more standardized, the incentive mechanism is also relatively healthy .&rdquo ;it is reported ,at present of Tsingtao shareholders is more complex ,state-owned holding approximately 30% ,two shareholders in Hongkong Central Clearing Company Limited ( agent ) ,the shareholding ratio was 27.
66% ,the remainder is civilian battalion capital ,various agencies ,funds and .Complex equity structure ,resulting in the company board of directors is equally complex ,hollister france,decision making is often a balance of forces .
Qingdao ,snow battle according to news reports,Shunned Meet With U.S. in Washington
People over 61 made up the largest portion with 4,614 suicides or 31.6 percent. Police said this was mainly linked to disease and stress caused by economic hardship.,hollister, Huarun group under the snow beer since 2005 has been 5 consecutive years beyond the Tsingtao brewstery ,take Chinese beer industry .Tsingtao brewstery only second place .
This year the snow beer &ldquo ;even John &rdquo ;still no suspense .Once the boss Tsingtao brewstery only looked at the snow ,secretly sighed with emotion .The flower beer has been in the country has more than 70 beer production plant ,occupy 1/5 of the market share of beer industry .
In 2010, Tsingtao brewstery sales volume not to snowflake beer 70% ,snow beer last year sales have reached 9280000 liters ,and Tsingtao brewstery proposed the goal is only to 2014 to reach 10000000 litres .
One of the remarkable difference .Now the snowflake beer market strategy and the original Tsingtao brewstery run in the same groove ,which is constantly expanding .Snow Beer during the first half of this year have already make a hurried journey without stop the acquired the Guizhou Moutai ( 600519 ,shares ) beer ,Tianfuhao, permanent C online refurbished mark
People over 61 made up the largest portion with 4,614 suicides or 31.6 percent. Police said this was mainly linked to disease and stress caused by economic hardship.,Hangzhou beer ,michael kors outlet,West Lake beer Henan oak ,Jiangxi three Thai beer 7 beer enterprise . |
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发表于 2012-12-25 12:35:36
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