The meeting rate of the chemical industry exceeds 85%. The review is issued to focus on four major issues

"Global Coatings Network News"

"Global Coatings Network News" "Global Coatings Network News"

As of the Spring Festival of 2018 , the Dafa Review Committee has reviewed 146 companies, and only 75 companies have successfully passed the meeting, with a pass rate of 51.

As of the Spring Festival of 2018 , the Dafa Review Committee has reviewed 146 companies, and only 75 companies have successfully passed the meeting, with a pass rate of 51.

From the data point of view, it is not easy for companies to go through the meeting smoothly.

From the data point of view, it is not easy for companies to go through the meeting smoothly.

Ecological protection and environmental governance companies in the water conservancy, environment, and public facility management industries are also unable to escape the fate of "group destruction".

Ecological protection and environmental governance companies in the water conservancy, environment, and public facility management industries are also unable to escape the fate of "group destruction".

However, there is an industry contrarian forward, 7 on companies will be 6 home through to 85.

However, there is an industry contrarian forward, 7 on companies will be 6 home through to 85.

The general environment is good, and the market is sufficiently segmented

The general environment is good, and the market is sufficiently segmentedThe general environment is good, and the market is sufficiently segmented

This industry is the manufacturing of chemical raw materials and chemical products.

This industry is the manufacturing of chemical raw materials and chemical products.

  

Regarding the situation of the industry in recent years, Guo Jingpu, chief analyst of Cinda Securities, said, “I think the chemical industry is greatly affected by ( original ) oil prices.

Regarding the situation of the industry in recent years, Guo Jingpu, chief analyst of Cinda Securities, said, “I think the chemical industry is greatly affected by ( original ) oil prices.

  

Data show that nearly five years OPEC basket price of crude oil in 2013 Nian 2 Yue 27 to 2014 Nian 8 Yue 14 at a high level day, substantially higher than the 100 Meiyuan / barrel.

Data show that nearly five years OPEC basket price of crude oil in 2013 Nian 2 Yue 27 to 2014 Nian 8 Yue 14 at a high level day, substantially higher than the 100 Meiyuan / barrel.

  

In addition to the favorable environment, the competitive landscape in the industry cannot be ignored.

In addition to the favorable environment, the competitive landscape in the industry cannot be ignored.

  

Regarding the classification of this industry, a deputy general manager of the investment bank’s R&D department told reporters, “According to the industry classification standards of the National Bureau of Statistics, the chemical raw materials and chemical product manufacturing industries include basic chemical raw materials manufacturing, fertilizer manufacturing, pesticide manufacturing, coatings, Ink, pigment and similar product manufacturing, synthetic material manufacturing, special chemical product manufacturing, explosives, pyrotechnics and firework products manufacturing and daily chemical products manufacturing 8 sub-sectors.
"

Regarding the classification of this industry, a deputy general manager of the investment bank’s R&D department told reporters, “According to the industry classification standards of the National Bureau of Statistics, the chemical raw materials and chemical product manufacturing industries include basic chemical raw materials manufacturing, fertilizer manufacturing, pesticide manufacturing, coatings, Ink, pigment and similar product manufacturing, synthetic material manufacturing, special chemical product manufacturing, explosives, pyrotechnics and firework products manufacturing and daily chemical products manufacturing 8 sub-sectors.
"Regarding the classification of this industry, a deputy general manager of the investment bank’s R&D department told reporters, “According to the industry classification standards of the National Bureau of Statistics, the chemical raw materials and chemical product manufacturing industries include basic chemical raw materials manufacturing, fertilizer manufacturing, pesticide manufacturing, coatings, inks, paints and similar products manufacturing, synthetic materials, special chemical products manufacturing, explosives, pyrotechnics and fireworks manufacturing and household chemical products manufacturing 8 8 sub-sectors.
"

 

  

It is worth noting that these eight sub-sectors can still be subdivided.
For example, for companies that are manufacturing basic chemical raw materials, their main business products can be ( meth ) acrylic acid and esters, 2,3,4,5 -tetrafluorobenzene series, CFC substitutes, fluoride salts, propylene oxide, methanol Wait.

It is worth noting that these eight sub-sectors can still be subdivided.
For example, for companies that are manufacturing basic chemical raw materials, their main business products can be ( meth ) acrylic acid and esters, 2,3,4,5 -tetrafluorobenzene series, CFC substitutes, fluoride salts, propylene oxide, methanol Wait.
It is worth noting that this 8 8 sub-sectors still be subdivided.
For example, for companies that are manufacturing basic chemical raw materials, their main business products can be ( ( meth ) ) acrylic acid and esters, 2,3,4,5- 2,3,4,5 -tetrafluorobenzene series, CFC CFC substitution Products, fluoride salts, propylene oxide, methanol, etc.

 

  

At the same time, Guo Jingpu told reporters, “The competitive landscape in this industry is relatively fragmented, with more small businesses.
”

At the same time, Guo Jingpu told reporters, “The competitive landscape in this industry is relatively fragmented, with more small businesses.
”At the same time, Guo Jingpu told reporters, “The competitive landscape in this industry is relatively fragmented, with more small businesses.
”

 

  

According to data from Oriental Fortune, there are 51 companies in the industry that are classified as chemical raw materials , but they can be divided into 46 categories according to the main business product classification , such as polyvinyl chloride, phosphoric acid, potassium chloride, ming acid anhydride, feed-grade calcium dihydrogen phosphate, etc.
.

According to data from Oriental Fortune, there are 51 companies in the industry that are classified as chemical raw materials , but they can be divided into 46 categories according to the main business product classification , such as polyvinyl chloride, phosphoric acid, potassium chloride, ming acid anhydride, feed-grade calcium dihydrogen phosphate, etc.
.
According to data from Eastern Fortune, there are 51 51 companies that are classified as chemical raw materials in the industry .
According to the main business product classification, they can be divided into 46 46 categories.
Products such as polyvinyl chloride, phosphoric acid, potassium chloride, acetic anhydride, and feed-grade dihydrogen phosphate Calcium etc.

 

  

Through comparison, it is found that the six companies in the chemical industry have different main business products, including deep-processed silicone products, 2,3,4,5 -tetrafluorobenzene series, key raw and auxiliary materials for industrial explosives, and thermal conductive materials.
, Sticker mask, food flavor.

Through comparison, it is found that the six companies in the chemical industry have different main business products, including deep-processed silicone products, 2,3,4,5 -tetrafluorobenzene series, key raw and auxiliary materials for industrial explosives, and thermal conductive materials.
, Sticker mask, food flavor.
By comparison, the chemical industry over the will of 6 6 enterprises, the main business products are different, are organic silicon deep-processed products, 2,3,4,5 2,3,4,5- tetrafluorophenyl series, The key raw and auxiliary materials of industrial explosives, thermal conductive materials, sticky masks, and food flavors.

 

  

An investment bank veteran said, “If the market is sufficiently segmented, it may mean that there are fewer competitors in the same industry, but it is also necessary to pay attention to the capacity of the segmented industry.
”

An investment bank veteran said, “If the market is sufficiently segmented, it may mean that there are fewer competitors in the same industry, but it is also necessary to pay attention to the capacity of the segmented industry.
”An investment bank veteran said, “If the market is sufficiently segmented, it may mean that there are fewer competitors in the same industry, but it is also necessary to pay attention to the capacity of the segmented industry.
”

 

  

"If it is too subdivided and the industry is too small, it is not easy to get through, but the overall chemical industry is still relatively large, and the classification is relatively small and it is guaranteed to be the leader in the subdivided industry.
It gives a better impression and may increase the success rate.
" A listed company secretary told reporters.

"If it is too subdivided and the industry is too small, it is not easy to get through, but the overall chemical industry is still relatively large, and the classification is relatively small and it is guaranteed to be the leader in the subdivided industry.
It gives a better impression and may increase the success rate.
" A listed company secretary told reporters.
"If it is too subdivided and the industry is too small, it is not easy to get through, but the overall chemical industry is still relatively large, and the classification is relatively small and it is guaranteed to be the leader in the subdivided industry.
It gives a better impression and may increase the success rate.
" A listed company secretary told reporters.

 

  

Most of the performance is "satisfactory"

Most of the performance is "satisfactory"Most of the performance is "satisfactory"

 

  

The companies that have passed the chemical industry are Ningbo Runhe Advanced Materials Technology Co.
, Ltd.
( "Runhe Materials" for short ) , Zhejiang Zhongxin Fluorine Materials Co.
, Ltd.
( " Zhongxin Fluorine Materials" for short ) , and Shenzhen Jinaobo Technology Co.
, Ltd.
( referred to as "Jinao Bo" ) , Beijing Jones Albert Technology Co.
, Ltd.
( referred to as "stone technology" ) , the home of the Royal Co.
, Ltd.
( referred to as "the home of the Royal" ) , Warburg flavor Co.
, Ltd.
( referred to as the "Warburg Shares" ) .

The companies that have passed the chemical industry are Ningbo Runhe Advanced Materials Technology Co.
, Ltd.
( "Runhe Materials" for short ) , Zhejiang Zhongxin Fluorine Materials Co.
, Ltd.
( " Zhongxin Fluorine Materials" for short ) , and Shenzhen Jinaobo Technology Co.
, Ltd.
( referred to as "Jinao Bo" ) , Beijing Jones Albert Technology Co.
, Ltd.
( referred to as "stone technology" ) , the home of the Royal Co.
, Ltd.
( referred to as "the home of the Royal" ) , Warburg flavor Co.
, Ltd.
( referred to as the "Warburg Shares" ) .
The companies that have passed the chemical industry are Ningbo Runhe High-tech Material Technology Co.
, Ltd.
( ( "Runhe Materials" ) ) , Zhejiang Zhongxin Fluorine Material Co.
, Ltd.
( ( " Zhongxin Fluorine Material" ) ) , Shenzhen City Jinao Bo Technology Co.
, Ltd.
( ( referred to as "Jinao Bo" ) ) , Beijing Jones Albert Technology Co.
, Ltd.
( ( referred to as "stone technology" ) ) , the home of the Royal Company Limited ( ( referred to as "the home of the Royal" ) ) , China Bao Flavour Co.
, Ltd.
( ( referred to as "Huabao Shares" ) ) .

 

  

The performance of these companies is mostly "satisfactory.
" For example, the operating income of Runhe Materials from 2015 to the first three quarters of 2017 was 269 million yuan, 301 million yuan, and 323 million yuan (the first three quarters of 2017 ) .

The performance of these companies is mostly "satisfactory.
" For example, the operating income of Runhe Materials from 2015 to the first three quarters of 2017 was 269 million yuan, 301 million yuan, and 323 million yuan (the first three quarters of 2017 ) .
The performance of these companies is mostly "satisfactory.
" For example, Runhe materials 2015 2015 Nian Zhi 2017 2017 first three quarters of operating income was 2.
69 2.
69 yuan, 3.
01 3.
01 billion yuan, 3.
23 3.
23 Yiyuan (2017 (2017 first three quarters ) ) .

 

  

From 2014 to the first three quarters of 2017, Jin Aobo's operating income was 320 million yuan, 399 million yuan, 456 million yuan, and 301 million yuan respectively (the first three quarters of 2017 ) .

From 2014 to the first three quarters of 2017, Jin Aobo's operating income was 320 million yuan, 399 million yuan, 456 million yuan, and 301 million yuan respectively (the first three quarters of 2017 ) .
Jin Aobo 2014 2014 Nian Zhi 2017 2017 first three quarters of revenues were 3.
2 3.
2 yuan, 3.
99 3.
99 billion yuan, 4.
56 4.
56 billion yuan, 3.
01 3.
01 Yiyuan (2017 (2017 first three quarters ) ) .

 

  

From 2015 to the first three quarters of 2017 , China Stone Technology's operating income was 178 million yuan, 198 million yuan, and 283 million yuan respectively (the first three quarters of 2017 ) .

From 2015 to the first three quarters of 2017 , China Stone Technology's operating income was 178 million yuan, 198 million yuan, and 283 million yuan respectively (the first three quarters of 2017 ) .
Stone Technology 2015 2015 Nian Zhi 2017 2017 first three quarters of operating income was 1.
78 1.
78 yuan, 1.
98 1.
98 billion yuan, 2.
83 2.
83 Yiyuan (2017 (2017 first three quarters ) ) .

 

  

The operating income of Yujiahui from 2014 to the first three quarters of 2017 was 432 million yuan, 769 million yuan, 1.
171 billion yuan, and 1.
646 billion yuan (the first three quarters of 2017 ) .

The operating income of Yujiahui from 2014 to the first three quarters of 2017 was 432 million yuan, 769 million yuan, 1.
171 billion yuan, and 1.
646 billion yuan (the first three quarters of 2017 ) .
Royal home of 2014 2014 Nian Zhi 2017 2017 first three quarters of operating income was 4.
32 4.
32 yuan, 7.
69 7.
69 billion yuan, 11.
71 11.
71 billion yuan, 16.
46 16.
46 Yiyuan (2017 (2017 first three quarters ) ) .

 

  

The operating income of the above four companies all increased continuously.
In addition, although Zhongxin Fluorine Materials has not continuously increased its operating income, its net profit in the first three quarters of 2017 was 34,903,900 yuan, which was higher than the full-year 2016 of 32,831,300 yuan.

The operating income of the above four companies all increased continuously.
In addition, although Zhongxin Fluorine Materials has not continuously increased its operating income, its net profit in the first three quarters of 2017 was 34,903,900 yuan, which was higher than the full-year 2016 of 32,831,300 yuan.
The operating income of the above four companies all increased continuously.
In addition, the material Hin fluorine though not continuously increase revenue, but the 2017 2017 first three quarters of net profit of 3490.
39 3490.
39 million, higher than 2016 2016 the year of 3283.
13 3283.
13 million.

 

  

Huabao shares are relatively large.
From 2015 to 2017 , operating income was 2.
792 billion yuan, 2.
615 billion yuan, and 2.
198 billion yuan, all of which were above 2 billion yuan.

Huabao shares are relatively large.
From 2015 to 2017 , operating income was 2.
792 billion yuan, 2.
615 billion yuan, and 2.
198 billion yuan, all of which were above 2 billion yuan.
Warburg shares is greater than the body, 2015 2015 Nian Zhi 2017 2017 annual revenues were 27.
92 27.
92 billion yuan, 26.
15 26.
15 billion yuan, 21.
98 21.
98 billion, were 20 20 billion yuan.

 

  

Huhua shares become the only rejected

Huhua shares become the only rejectedHuhua shares become the only rejected

 

  

In contrast, Shanxi Huhua Group Co.
, Ltd.
( hereinafter referred to as "Huhua Co.
, Ltd.
" ) , the only one of the seven companies that was denied , has a worrying performance.

In contrast, Shanxi Huhua Group Co.
, Ltd.
( hereinafter referred to as "Huhua Co.
, Ltd.
" ) , the only one of the seven companies that was denied , has a worrying performance.
As opposed to, only seven are no pot of Shanxi Group Co.
, Ltd.
( ( hereinafter referred to as "pot of shares" ) ) , its performance is worrying.

 

  

From 2014 to 2016 , Huhua's operating income continued to decline, reaching approximately 517 million yuan, 385 million yuan, and 355 million yuan , respectively .
The net profit of Huhua shares attributable to shareholders of the parent company also showed a downward trend, with approximately RMB 60,039,100, RMB 33,017,600, and RMB 31,691,800 respectively .

From 2014 to 2016 , Huhua's operating income continued to decline, reaching approximately 517 million yuan, 385 million yuan, and 355 million yuan , respectively .
The net profit of Huhua shares attributable to shareholders of the parent company also showed a downward trend, with approximately RMB 60,039,100, RMB 33,017,600, and RMB 31,691,800 respectively .
Pot of shares 2014 2014 Nian Zhi 2016 2016 annual revenues of continuous decline, are about 5.
17 5.
17 yuan, 3.
85 3.
85 billion yuan, 3.
55 3.
55 billion.
The net profit of Huhua shares attributable to the shareholders of the parent company also showed a downward trend, which were about 6003.
91 6003.
91 million yuan, 33,176, 33,017,600 yuan, and 31,69.
18, 31,691,800 yuan respectively.

 

  

In addition, the maker of the shares 2017 first half operating income of about 1.
95 billion yuan, although Chaoguo 2016 half-year revenue, but owned by shareholders of the parent net profit of only 462.
52 million, less than 2016 years of 15% .

In addition, the maker of the shares 2017 first half operating income of about 1.
95 billion yuan, although Chaoguo 2016 half-year revenue, but owned by shareholders of the parent net profit of only 462.
52 million, less than 2016 years of 15% .
In addition, the maker of shares 2017 2017 Operating income in the first half-year is about 1.
95 1.
95 billion, although Chaoguo 2016 2016 half-year revenue, but net profit owned by shareholders of the parent was only 462.
52 462.
52 inferior million 2016 2016 year 15 % 15% .

 

  

It is worth noting that data from Oriental Wealth show that in 2015 , the average drop in operating income of Huhua shares in the same industry was 6.
28% , and the industry median was reduced by 8.
47% , while the operating income of Huhua shares in 2015 dropped by 25.
63% , and operating income fell Far surpassing the same industry.

It is worth noting that data from Oriental Wealth show that in 2015 , the average drop in operating income of Huhua shares in the same industry was 6.
28% , and the industry median was reduced by 8.
47% , while the operating income of Huhua shares in 2015 dropped by 25.
63% , and operating income fell Far surpassing the same industry.
It is worth noting that the data show that the East Fortune, 2015 2015 annual pot of shares of the same industry revenue fell mean 6.
28% 6.
28% , the industry is reduced 8.
47% 8.
47% , while the maker of shares 2015 2015 decline in operating income was 25.
63% 25.
63% , the decline in operating income far exceeds that of the same industry.

 

  

In addition, Huhua's 2015 net profit fell by 45.
82% year-on-year , while the average year-on-year decline in net profit in the same industry was 14% and the median was 25.
76% .
The decline in net profit was also significantly higher than that in the same industry.

In addition, Huhua's 2015 net profit fell by 45.
82% year-on-year , while the average year-on-year decline in net profit in the same industry was 14% and the median was 25.
76% .
The decline in net profit was also significantly higher than that in the same industry.
In addition, Huhua’s 2015 2015 net profit fell 45.
82% 45.
82% year-on-year, while the average year-on-year decline in net profit in the same industry was 14% 14% , and the median value was 25.
76% 25.
76% .
The decline in net profit was also significantly higher than that of the same industry.
.

 

  

Regarding the above phenomenon, the Issuance Examination Committee all inquired about Huhua shares.
In addition, related-party transactions are also the focus of inquiries by the Issuing Examination Committee.

Regarding the above phenomenon, the Issuance Examination Committee all inquired about Huhua shares.
In addition, related-party transactions are also the focus of inquiries by the Issuing Examination Committee.
Regarding the above phenomenon, the Issuance Examination Committee all inquired about Huhua shares.
In addition, related-party transactions are also the focus of inquiries by the Issuing Examination Committee.

 

  

Huhua shares accounted for 34.
18% of the capital contribution of Jincheng Taihang Civil Explosive Equipment Co.
, Ltd.
( hereinafter referred to as "Taihang Civil Explosives" ) and is the largest shareholder.

Huhua shares accounted for 34.
18% of the capital contribution of Jincheng Taihang Civil Explosive Equipment Co.
, Ltd.
( hereinafter referred to as "Taihang Civil Explosives" ) and is the largest shareholder.
Shares represent Jincheng pot of Taihang Explosive Materials Co.
, Ltd.
( ( hereinafter referred to as the "Taihang civil explosive" ) ) funded ratio of 34.
18 percent 34.
18 percent , the largest shareholder.

 

  

From 2014 to 2016 , Taihang Civil Explosion was Huhua's second largest customer, accounting for 7.
71% , 6.
32% , and 6.
42% of operating income, respectively .
In addition, Taihang Minbang became Huhua 's largest customer in the first half of 2017 , accounting for 8.
57% of operating revenue .

From 2014 to 2016 , Taihang Civil Explosion was Huhua's second largest customer, accounting for 7.
71% , 6.
32% , and 6.
42% of operating income, respectively .
In addition, Taihang Minbang became Huhua 's largest customer in the first half of 2017 , accounting for 8.
57% of operating revenue .
The Taihang civil explosive 2014 2014 Nian Zhi 2016 2016 annual pot is the second largest customer of the shares, accounting for the proportion of revenue were 7.
71% 7.
71% , 6.
32% 6.
32% , 6.
42% 6.
42% .
In addition, the Taihang people burst into the pot of shares 2017 2017 first large customer in the first half of the year, accounting for revenue ratio of 8.
57 percent 8.
57 percent .

 

  

It is worth noting that Huhua ’s largest customer from 2014 to 2016 was Xinzhou Tongde, accounting for 8.
48% , 7.
32% , and 9.
09% of operating income, respectively .
Xinzhou Tongde is a wholly-owned subsidiary of Shanxi Tongde Chemical Co.
, Ltd.
( hereinafter referred to as "Tongde Chemical" ) , and Huhua shares mentioned competitors in the region in the application draft.
The first is Tongde Chemical.
The abnormal situation naturally attracted the attention of the Issuing Examination Committee.

It is worth noting that Huhua ’s largest customer from 2014 to 2016 was Xinzhou Tongde, accounting for 8.
48% , 7.
32% , and 9.
09% of operating income, respectively .
Xinzhou Tongde is a wholly-owned subsidiary of Shanxi Tongde Chemical Co.
, Ltd.
( hereinafter referred to as "Tongde Chemical" ) , and Huhua shares mentioned competitors in the region in the application draft.
The first is Tongde Chemical.
The abnormal situation naturally attracted the attention of the Issuing Examination Committee.
Note that the value of that pot of shares 2014 2014 Nian Zhi 2016 2016 in the first major clients are Xinzhou Palit, accounting for the proportion of revenue were 8.
48% 8.
48% , 7.
32% 7.
32% , 9.
09% 9.
09% .
Xinzhou Tongde is a wholly-owned subsidiary of Shanxi Tongde Chemical Co.
, Ltd.
( ( hereinafter referred to as "Tongde Chemical" ) ) , and Huhua shares mentioned competitors in the region in the declaration draft.
The first is Tongde Chemical industry.
The abnormal situation naturally attracted the attention of the Issuing Examination Committee.

 

  

These 46 companies should pay attention to.
.
.

These 46 companies should pay attention to.
.
.
These 46 46 companies should pay attention to.
.
.

 

  

Eastern wealth data show that as of 2 Yue 23 days, starting the chemical industry enterprises to declare a total of 46 homes.

Eastern wealth data show that as of 2 Yue 23 days, starting the chemical industry enterprises to declare a total of 46 homes.
Eastern wealth data show that as of 2 2 Yue 23 23 days, starting the chemical industry enterprises to declare a total of 46 46 home.

 

  

Judging from the previous meetings of the seven companies, the Dafa Audit Committee is more concerned about the following issues.
These 46 companies need to pay attention !

Judging from the previous meetings of the seven companies, the Dafa Audit Committee is more concerned about the following issues, and these 46 companies need to pay attention ! From the previous meetings of the seven companies, the Dafa Audit Committee is more concerned about the following issues: this 46 46 companies need to pay attention ! !

 

  

The first key word - "gross margin", 7 companies have 6 companies asked questions.
For example, whether the gross profit margin of Huhua shares and China Coal Pingshuo Yuchen’s sales is fair ; the sustainability of the rebound of the gross profit margin of Zhongxin Fluorine Materials from January to September 2017 ; the gross profit margin of Huabao shares has increased year by year and is significantly higher than Reasons and rationality of the average level of comparable companies in the same industry.

The first key word - "gross margin", 7 companies have 6 companies asked questions.
For example, whether the gross profit margin of Huhua shares and China Coal Pingshuo Yuchen’s sales is fair ; the sustainability of the rebound of the gross profit margin of Zhongxin Fluorine Materials from January to September 2017 ; the gross profit margin of Huabao shares has increased year by year and is significantly higher than Reasons and rationality of the average level of comparable companies in the same industry.
The first key word - "gross margin", 7 7 companies have 6 6 companies asked questions.
For example, with the pot of gross profit shares in coal sales PINGSHUO Yu Chen happen, whether fair ; ; welcomes the fluorine materials 2017 2017 Nian 1-9 1-9 Yue recovery in gross margin sustainability ; ; Warburg shares gross margin The reasons and rationality for the increase year by year and the significantly higher than the average level of comparable companies in the same industry.

 

  

The Dafa Review Committee may ask questions from the perspectives of objectiveness, fairness and sustainability.

The Dafa Review Committee may ask questions from the perspectives of objectiveness, fairness and sustainability.
The Dafa Review Committee may ask questions from the perspectives of objectiveness, fairness and sustainability.

 

  

The second key word-"relevance", 5 of the 7 companies were asked related questions.
For example, shares of Warburg trademarks, trade names whether there has been shared with related parties or related parties authorized to use, if there is a potential risk ; royal home of the existence of funds and related parties transactions ; transactions with related parties Jinao Bo pricing policy and fairness, Considering whether the related parties will have an adverse impact on their future mid- and long-term strategic development positioning and goals.

The second key word-"relevance", 5 of the 7 companies were asked related questions.
For example, shares of Warburg trademarks, trade names whether there has been shared with related parties or related parties authorized to use, if there is a potential risk ; royal home of the existence of funds and related parties transactions ; transactions with related parties Jinao Bo pricing policy and fairness, Considering whether the related parties will have an adverse impact on their future mid- and long-term strategic development positioning and goals.
The second key word - "association", 7 7 companies have 5 5 companies asked questions.
For example, shares of Warburg trademarks, trade names whether there has been shared with related parties or related parties authorized to use, if there is a potential risk ; ; Royal home of the existence of funds and related parties transactions ; ; transactions with related parties Jinao Bo pricing policy and fair In combination with related parties’ future mid- and long-term strategic development positioning and goals, whether it will have an adverse impact.

 

  

The Dafa Audit Committee may ask questions from the perspectives of asset independence, fairness and continuity of transactions.

The Dafa Audit Committee may ask questions from the perspectives of asset independence, fairness and continuity of transactions.
The Dafa Audit Committee may ask questions from the perspectives of asset independence, fairness and continuity of transactions.

 

  

The third key word-"receivable", 4 out of 7 companies were asked related questions.
For example, Huabao’s accounts receivable bad debt provision policy is different from that of its subsidiaries and the same industry ; Jin Aobo’s sales revenue to its largest customer continues to increase steadily, and accounts receivable account for all accounts receivable.
The proportion is relatively high ; the specific reasons for the change of the credit period of Zhongxin Fluorine, the balance of accounts receivable and the post-period payment situation, and whether there is a payment risk.

The third key word-"receivable", 4 out of 7 companies were asked related questions.
For example, Huabao’s accounts receivable bad debt provision policy is different from that of its subsidiaries and the same industry ; Jin Aobo’s sales revenue to its largest customer continues to increase steadily, and accounts receivable account for all accounts receivable.
The proportion is relatively high ; the specific reasons for the change of the credit period of Zhongxin Fluorine, the balance of accounts receivable and the post-period payment situation, and whether there is a payment risk.
The third key words - "accounts", 7 7 companies have 4 4 companies asked questions.
For example, shares of Warburg accounts receivable bad debt provision policy, with subsidiaries and the industry there is a difference ; ; Jin Aobo first big customer to a steady increase in sales revenue and accounts receivable of the total accounts receivable a higher proportion ; ; specific reasons Hin fluorine material changes in the credit period, cash situation and the accounts receivable balance period, and whether there is a risk of payment.

 

  

The Dafa Audit Committee may ask questions from the perspective of provision policies, changes, and risk status.

The Dafa Audit Committee may ask questions from the perspective of provision policies, changes, and risk status.
The Dafa Audit Committee may ask questions from the perspective of provision policies, changes, and risk status.

 

  

The fourth key word-"equity", 3 out of 7 companies were mentioned related issues.
For example, Warburg shares set reasonable and necessary control multi-layer structure, the authenticity of all levels of ownership, the existence of trust, trust holdings ; royal home of the equity held with the cleanup process if there are potential legal disputes ; related companies to transfer The reason for the difference between the price of equity and the price of capital increase.

The fourth key word-"equity", 3 out of 7 companies were mentioned related issues.
For example, Warburg shares set reasonable and necessary control multi-layer structure, the authenticity of all levels of ownership, the existence of trust, trust holdings ; royal home of the equity held with the cleanup process if there are potential legal disputes ; related companies to transfer The reason for the difference between the price of equity and the price of capital increase.
The fourth key words - "Equity", 7 7 companies have 3 3 home was mentioned issues.
For example, Warburg shares set reasonable and necessary control multi-layer structure, the authenticity of all levels of ownership, the existence of trust, trust holdings ; ; Royal home of the equity held with the cleanup process if there are potential legal disputes ; ; association The reason for the difference between the price of the company’s transfer of equity and the price of capital increase.

 

  

The Dafa Review Committee may ask questions from the perspectives of equity clarity, whether there are disputes, and the fairness of the transfer price.

The Dafa Review Committee may ask questions from the perspectives of equity clarity, whether there are disputes, and the fairness of the transfer price.
The Dafa Review Committee may ask questions from the perspectives of equity clarity, whether there are disputes, and the fairness of the transfer price.