“Floor king” Dare Power Dekor Home Co.Ltd(000910) subsidiary was defrauded for more than 20 million

Recently, Dare Power Dekor Home Co.Ltd(000910) disclosed that homelegend LLC, a subsidiary of the United States, became the victim of a telecommunications fraud, involving an amount equivalent to more than 20 million yuan.

Specifically, Dare Power Dekor Home Co.Ltd(000910) 29 disclosed in the annual report that homelegend LLC, a subsidiary of its wholly-owned subsidiary Shengxiang Group Co., Ltd., became the victim of a telecommunications fraud. The perpetrator invaded the 365 email system of Microsoft company rented by the company, forged fake email, pretended to be a member of the management of the company, forged supplier documents and email paths, implemented fraud, The amount involved is about US $3.569 million (equivalent to RMB 227549 million)

Image source: Dare Power Dekor Home Co.Ltd(000910) announcement

Dare Power Dekor Home Co.Ltd(000910) said that the company had filed with local federal law enforcement authorities in the United States and reported the case to Chinese public security organs, but the possibility of recovering the stolen funds is low, the above matters led to an increase of 227549 million yuan in non operating expenses in 2021.

According to the performance of 2021 released by Dare Power Dekor Home Co.Ltd(000910) the company’s revenue was 8.75 billion yuan, up 20.46% year-on-year; The net profit attributable to shareholders of listed companies was 595 million yuan, a year-on-year decrease of 4.86%; The deducted non net profit attributable to shareholders of listed companies was 557 million yuan, a year-on-year decrease of 7.04%; The basic earnings per share was 1.09 yuan, a year-on-year decrease of 4.39%.

Compared with the performance in recent three years, 2021 is the year in which Dare Power Dekor Home Co.Ltd(000910) revenue is the most, but profit is the least. In this regard, Dare Power Dekor Home Co.Ltd(000910) pointed out that the company’s price rise of bulk raw materials, the red line regulation of real estate deleveraging, the continuous epidemic outside China, the rise of operating costs and other adverse factors.

According to the information on the official website, Dare Power Dekor Home Co.Ltd(000910) was founded in 1999, and the company’s shares were listed and traded on Shenzhen Stock Exchange on June 30, 1999. The company focuses on wood-based panel and flooring.

In the secondary market, Dare Power Dekor Home Co.Ltd(000910) shares rose 1.79% from the previous trading day to close at 10.78 yuan. So far, the total market value is 5.901 billion yuan.

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