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Tsingtao Beer manipulation profit or financing for
China businessreport for a variety ofinterests,enterprisesoften havelowperformance.Recently,Tsingtao brewsteryreleased thereport,due toahighincome tax,suspected ofmanipulating profits,hollister deutschland.Someone says:“Tsingtao brewsteryincome taxtoo high,there is aman-maderegulation factors.The mainmanagement wanting topressrelease.This andTsingtao brewsterymanagementbrewingrefinancing plan,orthe equity incentive planfor.
”therefore,Tsingtao Beerstockon behalf of Zhang Ruixiang said,Tsingtao beercould notmanipulate theincome tax rate,at the same time,as a result ofdividendratio change,green Pialso recentlyno financingplan.
Tsingtao beerthatlegal action will be takenaccording to thefinancialreports,according tonot long agoof Tsingtaopublishednewspaper data,2011 first half of the yearTsingtao brewsteryincome taxat a cost of $345000000,the incometax(income tax /total profit)is 24.
76%,higher than the 23.06%rate of income tax fortheindustryaveragelevel.Over the same period last year,Tsingtao brewsteryincome tax rateis only 21.7%.From thegrowth rateratiosituation,the first half of 2011,Tsingtao brewsterytotal profit growth of25.
14%,butthe net profit attributable to parent companygrew by only 21.62%.To this,the mediaquestionedsaid,Tsingtaothis approach isfactitiousregulation factors,“mainlythe management wants topressrelease.
This andTsingtao brewsterymanagementbrewingrefinancing plan,hollister online shop,orthe equity incentive planfor.”the reportatthe root of the problemlies in theexecutiveproblem.The reportquotedtheTsingtaofocusing on three mainpoints:why thesudden increaseof income taxprofit;raw materialcost reductiondoes notin the performanceoflowprofits;executivestorefinance,hollister.
In this regard,Tsingtao董秘 Zhang Ruixiangsaidthe report“&rdquoinaccuracyand 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 thereporter of ovine wall evening paper,the income tax ratechangeis mainly due toprior toTsingtao beerhas beento compensate for thelosses.
“at the same timeasaA shares and H shareslistedenterprises,abercrombie and fitch,the hidden profitsis very difficult to do.”foron executivesuppressionperformancetorefinancereportsquestioning,hollister outlet,Zhang Ruixiang also expressestoweakness lends wings to rumours.
“handTsingtao beerno recentfinancing plan,on the other hand,Tsingtao beer willprofit-sharing ratiois reduced from 80% to30%,tothe production of the enterprisedevelopment,abercrombie paris,so it is notlack of funds.
”he saidTsingtaoonitretain the right to legal action.In addition,forthis event hasnotcausedsubstantial influenceofTsingtao beer,Tsingtao brewstery重仓Fundsaid Zhang Ruixiangmanager of the companyis still withoutaphone calls,consultingthe event.
Shortforenterpriseperformanceinterests involved inshortforthe interests of disputes.Asecurities industryanalysttold reporters,in general,thelowperformance mainlyfor three considerations,“firstis the state-owend enterpriseevaluation system,highperformance is notasstate executiveto bring higherincome;on the other hand,if theperformanceis high,hollister,the performance of secondthe amount of increasebaseelevationofexecutives,caused great pressure.
”followed by theequity incentiveproblem,hollister france.Ifthe chief executives of state-owned enterpriseshave someequity incentive,when performanceis relatively low,pricesare oftenlow,thestate-owned enterpriseexecutives boughtcost priceis low.
The last one isextremely baddeliberatelyexecutivesdo lowstock price,thepriceof inhalation,second yearstosellhighperformance.From the above three kinds ofcircumstances,Tsingtao brewsterythere may not be thecase.
“from my contact withthestate-ownedlisting Corporation,Tsingtaomanagementmore standardized,the incentive mechanismis also relativelyhealthy.”it is reported,at presentof Tsingtaoshareholdersis more complex,state-owned holdingapproximately 30%,twoshareholdersin Hongkong CentralClearingCompany Limited(agent),the shareholding ratio was 27.
66%,the remainder iscivilian battalion capital,various agencies,fundsand.Complex equity structure,resulting in the company board of directorsis equally complex,hollister france,decision making is oftena balance of forces.
Qingdao,snowbattleaccording tonewsreports,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,Huarungroup under thesnow beersince 2005has been 5 consecutive yearsbeyond theTsingtao brewstery,takeChinesebeer industry .Tsingtao brewsteryonlysecond place.
This year thesnow beer“even John”stillno suspense.Once thebossTsingtao brewsteryonly looked at thesnow,secretlysighed with emotion.Theflower beerhas been in the countryhas more than 70beerproduction plant,occupy1/5 of the market shareof beerindustry.
In 2010,Tsingtao brewsterysales volume nottosnowflake beer70%,snow beerlast yearsales havereached 9280000liters,andTsingtao brewsteryproposed the goalis onlyto 2014 to reach10000000 litres.
One of theremarkabledifference.Now thesnowflake beermarket strategyandthe originalTsingtao brewsteryrun in the same groove,which isconstantly expanding.Snow Beerduring the first half of this yearhave alreadymake a hurried journey without stoptheacquired the GuizhouMoutai(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.,Hangzhoubeer,michael kors outlet,West LakebeerHenanoak,Jiangxithree Thai beer7beer enterprise.
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