The third quarterly report of Henan Diamond: the general manager confirms the truth, and the two directors disagree. Who is wrong?

After the Shenzhen Stock Exchange issued the “ST” warning, Yu diamond (300064. SZ) not only replied to some problems in the morning of the next day (October 28), but also released the third quarterly report in the evening of that day. At the same time, the company announced that the directors Wang Daping and Liu Miao could not express their opinions on whether the company had non operating funds occupied, so it was difficult to confirm the authenticity, accuracy and completeness of the quarterly report. < p > < p > the financial report shows that in the first three quarters of 2020, the operating revenue of yudiamond is 306 million yuan, a year-on-year decrease of 58.05%; the net profit attributable to the parent company is 481 million yuan; after deducting non-profit, the net profit loss is 239 million yuan. As of September 30, the net assets attributable to the parent company were 1.24 billion yuan, a decrease of 27.96% compared with the end of the previous year. However, in the previous annual report, Yu diamond suffered large losses in 2019 and the first half of 2020, with a loss of 5.197 billion yuan in 2019 and 357 million yuan in the first half of 2020. < / P > < p > the company also issued two instructions. Directors Liu Miao and Wang Daping sent a communication letter to the company on October 22, 2020 on the third quarter report. Among them, the second item “the third quarter report shows that there is no capital occupation of the listed company by the controlling shareholders and their related parties during the reporting period. The above statement is ambiguous. Please clarify whether, as of September 30, 2020, the controlling shareholders and their related parties have occupied the capital of the listed company in a direct or indirect way, and if so, whether the above occupied funds have been fully paid off? ” In the reply on October 27, Yu diamond failed to explain the above problems to them. In addition, on October 23, Liu Miao did not reply to the letter on timely reply to the news. Therefore, it is impossible to confirm the authenticity, accuracy and completeness of the quarterly report. < / P > < p > this means that general manager and director Liu Yongqi, deputy general manager Zhao Bo, deputy general manager and non independent director Zhang Jianhua, director Li GuoXuan, independent director Liu dianchen, independent director Wang Zhenhua, and chairman of the board of supervisors Zhang Zhao confirmed the contents of the financial report. < p > < p > it is worth mentioning that the non operating expenditure of Henan diamond in the first three quarters of this year was 260 million yuan, an increase of 122245.23% over the same period of last year. The company said that it was mainly caused by litigation losses and the increase of estimated liabilities. According to the announcement, < / P > < p > as of September 30, yudiamond has involved in 64 litigation / arbitration cases, with a total amount of about 4.797 billion yuan, including 60 litigation cases involving the company and its holding subsidiary as defendants, with the case amount of about 4.566 billion yuan; the company and its holding subsidiary as the plaintiff involved in 4 litigation cases, with the case amount of about 230 million yuan. According to the case materials, the company has 14 cases as the borrower, with a case amount of about 1.835 billion yuan; 23 cases as the guarantor and the balance replenishing party, with the case amount of about 1.709 billion yuan; and 27 other cases, with the case amount of about 1.253 billion yuan. As of September 30, 31 effective cases have been adjudicated in the above-mentioned cases, with a litigation amount of 1.766 billion yuan. According to the case materials, 8 cases of the company as the borrower, with the case amount of about 794 million yuan; 13 cases as the guarantor and the difference compensation party, with the case amount of about 911 million yuan; and 10 other cases, with the case amount of about 60.4567 million yuan. According to the judgment, the amount of litigation for which the company is liable is about 1.724 billion yuan, 11 cases have been settled by both parties, and the amount of litigation involving the liability of the company and its subsidiaries is about 134 million yuan. < p > < p > after a comprehensive review of the litigation related matters and full communication with the lawyer team, yudiamond accrued the estimated liabilities according to the litigation situation, and included it in the non operating expenses. A total of 339 million yuan was deducted from the funds of the company and its subsidiaries in the six litigation cases, which resulted in a litigation loss of 339 million yuan. < p > < p > in addition, as of September 30, the company’s controlling shareholder Henan Huajing Superhard Materials Co., Ltd. and Guo Liuxi (the actual controller of the company), the company’s controlling shareholder, and Guo Liuxi (the actual controller of the company) had been waiting for freezing, accounting for 99.41% of the total number of shares held by them. At present, the company’s controlling shareholders are checking the freezing of shares, but if the controlling shareholders’ freezing shares are subject to judicial disposal, the actual control right of the company may be changed. < / P > < p > Disclaimer: the purpose of this article reprinted by china.com finance and economics is to convey more information and does not represent the views and positions of the website. 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