Huawu: the partner is suspected of defrauding over 37 million yuan in the contract or unable to recover

On the evening of December 29, Jiangxi Huawu brake Co., Ltd. (Securities abbreviation: Huawu Co., Ltd.) announced that the company’s business partners were suspected of contract fraud, and the remaining payment for goods was 37.244 million yuan, which could not be recovered. The company has reported the case and received the notification of filing the case, and the case investigation is in progress. < p > < p > Huawu said that the company carried out business cooperation with Jiangsu Lanwei optical glasses Technology Co., Ltd. (hereinafter referred to as “Lanwei company”) in 2018. Lanwei company said that it signed a military order project for military goggles with a military enterprise, and presented the relevant contract and other information to the company. Due to its lack of funds, Lanwei company was unable to purchase the raw materials needed for production The company proposes to purchase raw materials on behalf of the company in advance, and pay the company the cost of raw materials and reasonable profit after the military order is delivered and the payment is received. < / P > < p > according to the demand for raw materials, the company signed raw material sales contracts with Lanwei company in June and July 2018 with the amount of 41.41 million yuan and 15.834 million yuan respectively. After the two sales contracts were signed, the company signed purchase contracts with the suppliers designated by Lanwei company with the amount of 34.8 million yuan and 13.1544 million yuan respectively, and paid a total of 47.9544 million yuan to the supplier’s bank account according to the purchase contract. As of the beginning of 2020, Lanwei company owes the company 37.244 million yuan. The company has repeatedly urged Lanwei company and its responsible personnel for payment, but the other party always shirked responsibility on the ground that a military enterprise has not settled the payment to it, which caused the company’s query. < / P > < p > through multi-party investigation, the company found that the bid winning notice and purchase order with a military enterprise provided by Lanwei company personnel were suspected of forgery, and Lanwei company was suspected of contract fraud. In order to protect the rights and interests of the company, the company reported the case to Fengcheng Public Security Bureau of Jiangxi Province in December 2020, and recently received the notice of filing a case issued by Fengcheng Public Security Bureau of Jiangxi Province. Fengcheng Public Security Bureau of Jiangxi Province investigated the case of contract fraud. At present, the investigation of the case is in progress. < p > < p > Huawu Co., Ltd. said that there was a risk that the remaining payment for goods of 37.244 million yuan in the event could not be recovered, and the specific amount needed to be further confirmed. The event will not have a significant impact on the normal operation of the company’s business. The company will actively cooperate with the public security organs, strive to minimize the losses, pay close attention to the investigation of the case, timely perform the obligation of information disclosure, and invite investors to pay attention to investment risks. According to the official website of Huawu Co., Ltd., the company was founded in 1992 and is mainly engaged in the R & D, design, manufacture and sales of Industrial Brakes and their control systems. On July 28, 2010, Huawu was listed on the growth enterprise market of Shenzhen Stock Exchange. According to the third quarter report, the company achieved operating revenue of 934 million yuan in the first three quarters, a year-on-year increase of 34.91%; the net profit attributable to shareholders of listed companies was 137 million yuan, a year-on-year increase of 147.72%. As for the secondary market, as of December 29, Huawu shares rose 0.57% to 10.61 yuan / share, with a total market value of 4.02 billion yuan. < / P > < p > Disclaimer: the purpose of this article reprinted by CNFC is to convey more information, and it does not represent the opinions and positions of CNFC. The content of this article is for reference only, and does not constitute an investment proposal. Investors operate on this basis at their own risk. < p > < p > Chinanet is a state key news website under the leadership of the Information Office of the State Council and the management of China foreign language publishing and Distribution Bureau. Through 11 versions in 10 languages, the website publishes information 24 hours a day. It is an important window for China to carry out international communication and information exchange.