Fengyuan's annual report results significantly pre-empted a loss of 390 million

unknown origin of the "son mouse", in 2006, at an average of more than 140 tons per day at a rate of more than 140 tons devoured the abundance of native corn stocks today, Fengyuan biochemical in the announcement not only significantly revised the 2006 annual results forecast, but also expected to be a loss in the first quarter of this yearAccording to the company's previously disclosed annual results forecast, the company expects results to decline by more than 50% year-on-yearBut the company said today that according to the preliminary preliminary examination, the company in 2006 is expected to lose about 390 million yuanWhere did's huge loss of $390 million come from? Fengyuan biochemical explained that, on the one hand, corn and other raw materials prices, RMB appreciation, loan interest rate increase, period costs increased, the fourth quarter of the company restructuring period management instability and other factors, estimated to affect profits of more than 200 million yuanOn the other hand, due to changes in controlling shareholders, the Company organized relevant departments and experts at the end of 2006 to inventory, assess and analyze inventory and fixed assetsThe inventory of corn stocks is expected to result in a loss of about 52,000 tons, or about 3 percent of the company's annual corn consumption of more than 1.6 million tons, worth about 80 million yuanDue to technological transformation and process adjustment, it is expected that the provision for impairment of fixed assets and the liquidation of fixed assets will be approximately RMB197 million, accounting for nearly 4% of the company's total fixed assetsAfter communication with the auditor, the company and the audit institution do not have any differencesin accordance with the provisions, inventory at least once a year, inventory results if not consistent with the book record, inventory, inventory shall be reduced to the current period of management costs; If it is a very loss, it shall be included in the expense of the businessFengyuan Biochemical Board of Directors of the previous annual report of the authenticity of the assurance, which can be introduced, this market loss of 52,000 tons is a one-year loss in 2006, which means that, Feng nativeized corn inventory lost more than 140 tons a day a dayHowever, it is not clear why its huge large-volume losses have startedunknown origin of the "son mouse", in 2006, at an average of more than 140 tons per day at a rate of more than 140 tons devoured the abundance of native corn stocks today, Fengyuan biochemical in the announcement not only significantly revised the 2006 annual results forecast, but also expected to be a loss in the first quarter of this yearAccording to the company's previously disclosed annual results forecast, the company expects results to decline by more than 50% year-on-yearBut the company said today that according to the preliminary preliminary examination, the company in 2006 is expected to lose about 390 million yuanWhere did's huge loss of $390 million come from? Fengyuan biochemical explained that, on the one hand, corn and other raw materials prices, RMB appreciation, loan interest rate increase, period costs increased, the fourth quarter of the company restructuring period management instability and other factors, estimated to affect profits of more than 200 million yuan On the other hand, due to changes in controlling shareholders, the Company organized relevant departments and experts at the end of 2006 to inventory, assess and analyze inventory and fixed assets The inventory of corn stocks is expected to result in a loss of about 52,000 tons, or about 3 percent of the company's annual corn consumption of more than 1.6 million tons, worth about 80 million yuan Due to technological transformation and process adjustment, it is expected that the provision for impairment of fixed assets and the liquidation of fixed assets will be approximately RMB197 million, accounting for nearly 4% of the company's total fixed assets After communication with the auditor, the company and the audit institution do not have any differences in accordance with the provisions, inventory at least once a year, inventory results if not consistent with the book record, inventory, inventory shall be reduced to the current period of management costs; If it is a very loss, it shall be included in the expense of the business Fengyuan Biochemical Board of Directors of the previous annual report of the authenticity of the assurance, which can be introduced, this market loss of 52,000 tons is a one-year loss in 2006, which means that, Feng nativeized corn inventory lost more than 140 tons a day a day However, it is not clear why its huge large-volume losses have started (name)