The "Secret" behind the "cliff-like" decline in Iraq's net profit: new employees 1 1 person, and the salary increase exceeds 1 billion!

Laiyifen is a listed company, mainly engaged in snacks such as nuts, roasted seeds and nuts, meat snacks and candied dried fruits. Shortly after the disclosure of the 20 18 annual report, a letter of inquiry about the 20 18 annual report was sent to Iraq by the Shanghai Stock Exchange, asking it to "2065438+ 65438+in May 2009" with seven questions about its operation and finance.

On May 25th, Lion applied to the Shanghai Stock Exchange for an extension of reply to the inquiry letter, saying that he expected to reply before June 1 and fulfill his information disclosure obligations as required. However, as of May 28th, Japan's press release, reply inquiry letter and relevant information have not been disclosed in Iraq.

Earn less and spend more, and the cost increases sharply. It's amazing!

Iraq's 20 18 annual report shows that the company's operating income has increased significantly this year, and the net profit attributable to shareholders of the parent company is the first loss in three years since listing. The data shows that from 2065438 to 2008, Iraq achieved operating income of 2.8965438 billion yuan, up 7.01%year-on-year; The net profit attributable to shareholders of listed companies was 65,438+0,065,438+0,090,000 yuan, down 90.03% year-on-year; After deduction, the net profit attributable to shareholders of the parent company suffered a loss, reaching-46,523.8+0,000 yuan.

In fact, judging from Iraq's single-quarter performance of 20 18, the first quarter of 20 18 was still profitable, and the net profit returned to the mother after deducting non-profit was still 0.3 1 100 million yuan. However, in the last three quarters, the net profit attributable to listed companies continued to lose money, which directly led to a large loss in its annual operating performance. At the same time, there is a big difference between Iraq's quarterly net profit and the net cash flow generated by operating activities in the same period. Strangely, when the net cash flow generated by operating activities in the last two quarters is positive, the net profit attributable to shareholders of the parent company after deducting non-profit is still negative.

It is worth noting that the gross profit margin of 20 18 (43.64%) is not much different from that of 43.87% in the same period of last year, indicating that the profitability of 20 18 has not changed significantly in theory. What is the reason for the "cliff-like" decline in net profit attributable to listed companies?

For the substantial increase in management expenses, the company explained in the annual report of 20 18 that "the continuous increase in information construction and technical input, the increase in the introduction of senior technical management talents in various fields, and the increase in management expenses and sales expenses. These expenses belong to the company's strategic controllable investment in technology and market layout. " Surprisingly, its operating income in 20 18 did not increase significantly, but only increased by 7.0 1% year on year. Such an abnormal change makes people doubt the accuracy of the expression "information construction, technology investment and introduction of senior technical management talents", and there may be other unknown reasons behind it.

New employees 1 1 person, salary increase1.200 million yuan, per capita salary increase!

The Shanghai Stock Exchange mentioned in its annual inquiry letter to Iraq that the company's sales expenses increased by 56.59 million yuan and management expenses increased by 67.364 million yuan. These two items alone increased by 654.38+0.2 billion yuan. However, in sharp contrast, the total number of employees in the company only increased from 9022 in 20 17 to 9033 in 20 18, with new employees 1 1 person. Such doubts mean that in 20 18 years, the cost of coming to Iraq has increased by 1 1 person, which is really amazing!

In addition, the composition of employees in Iraq has also changed abnormally. For example, 20 18, the number of direct stores increased 129, and the revenue of special channels and online e-commerce business increased significantly. However, under such circumstances, the number of its sales staff only increased from 7782 in 20 17 to 7834 in 20 18, an increase of 52 compared with the number of new direct stores. What is even more surprising is that, while the number of stores has greatly increased, its logistics staff has been greatly reduced, from 162 to 89.

As mentioned in the previous analysis, the Iraqi company believes that it has spent a lot of money on "continuously increasing information construction and technical input, and increasing the introduction of senior technical management talents in various fields", resulting in high expenses and declining profits. Then, as a listed company that mainly deals in nuts, roasted seeds and nuts, meat snacks, candied dried fruits and other snack foods, its technical staff has increased from 1 10 in 20 18 to 732 in 20 18, which is amazing. This change is not a snack food listed company. Are you coming to Iraq to transform into a technology research and development company?

On the one hand, there are a large number of new technicians, on the other hand, 20 18 has no research and development expenses. Such a change is also difficult to understand. So, where did the technology input from Iraq go? If the technical team of 732 people is engaged in APP development, is the proportion of such people too high, instead of being used for APP development, then what are these people doing? Does this require a reasonable explanation from the company? In a word, the increase in expenses led to a sharp decline in the net profit of companies with a slight increase in operating income in 20 18.

In addition, in 20 18, the number of financial personnel in Iraq increased from 75 at the beginning to 275 at the end, and the number of administrative personnel decreased from 893 at the beginning to 103 at the end. This change is also surprising. Is this an abnormal change in the number of people or a post adjustment? Does it mean that the Iraqi management realized that the job classification of employees in previous years was not strictly divided into administrative personnel, financial personnel and technical personnel, but suddenly became standardized on 20 18? If this is the case, it also shows that the previous work in personnel management in Iraq is really not good enough, and a confused account was not cleared until 20 18.

In short, the doubts presented in Iraq's annual report need a good reply from the company!