Another well-known enterprise suffered from Telecom fraud.
Recently, the leading A-share wood flooring enterprise Dare Power Dekor Home Co.Ltd(000910) disclosed that homelegend LLC, a subsidiary of the United States, had become the victim of a telecommunications fraud, involving an amount equivalent to more than 20 million yuanP align = “center” subsidiary subordinate companies are swindled by telecommunications p align = “center” stolen funds are less likely to be recovered
Specifically, Dare Power Dekor Home Co.Ltd(000910) when announcing the annual report on March 29, it was disclosed 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 mailbox system of Microsoft rented by the company, forged fake e-mail, pretended to be a member of the company’s management , forged supplier documents and e-mail paths, and committed fraud, the amount involved is about US $3.569 million (equivalent to RMB 227549 million)P align = “center” 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 was low , which led to an increase of 227549 million yuan in non operating expenses in 2021.
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.
The company once said on the investor interaction platform that company’s market share of wood flooring ranked first in the industry. In 2021, the company’s floor sales volume was 62.89 million square meters, known as the “king of flooring” .
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.
Meanwhile, Dare Power Dekor Home Co.Ltd(000910) last year, the net cash flow from operating activities decreased by 32.71%, mainly due to the relative increase in cash paid for purchasing goods and receiving labor services. The company also explained that the cash flow generated by the company’s operating activities in the reporting period was 205589 million yuan less than the net profit in the reporting period, mainly including 120658 million yuan of provision for asset impairment, 261 million yuan of depreciation of fixed assets and 188722 million yuan of amortization of intangible assets.
Dare Power Dekor Home Co.Ltd(000910) rising accounts receivable also worried investors. The announcement shows that by the end of 2021, the company’s accounts receivable were 1.905 billion yuan, an increase of 42% over 1.343 billion yuan at the beginning of 2021.
As of April 1, Dare Power Dekor Home Co.Ltd(000910) shares rose 1.79% to close at 10.78 yuan compared with the previous trading day. So far, the total market value is 5.901 billion yuancenter>
/ center p align = “center” listed companies encounter Telecom scams occasionally
It is not an isolated case that listed companies encounter Telecom scams. According to the incomplete sorting of Securities Times:
On November 5, 2020, Suzhou Slac Precision Equipment Co.Ltd(300382) ( Suzhou Slac Precision Equipment Co.Ltd(300382) ) announced that its wholly-owned subsidiary, Hong Kong Suzhou Slac Precision Equipment Co.Ltd(300382) had recently been defrauded by criminal gangs through telecommunications, resulting in more than 2.05 million US dollars (about 13 million yuan) in the bank account being defrauded through the Internet. After the incident, the company has reported the case to the public security organ and received the “receipt of case” issued by the public security organ on November 4, 2020. At present, the public security organ is actively investigating.
On March 31, 2022, Suzhou Slac Precision Equipment Co.Ltd(300382) disclosed in the annual report that the current progress of the case is as follows:
The above-mentioned sum of USD 205303650 has been remitted to the account opened by the fraudster in Kiev, Ukraine;
The company has been sued by the Ukrainian lawyer to the Kiev commercial court for the recovery of USD 205303650. At present, the case is under trial;
The lawyer representing Ukraine applied to the court for the seizure of the relevant funds in the above account in December 2020, and the court also issued the seizure ruling. After investigation, there are 5824689480 hryvna and 36.50 USD in the account, which has been detained according to the ruling of case No. 757 / 54607 / 20-k made by the regional court of Kivu pecesc on December 10, 2020. The seized funds in the account are equivalent to the funds cheated by Suzhou Slac Precision Equipment Co.Ltd(300382) Hong Kong.
After consulting lawyers, the company believes that there is a great possibility to recover the above funds through legal channels, but it may take a long time.
On June 23, 2020, Metro Land Corporation Ltd(600683) ( Metro Land Corporation Ltd(600683) ) announced that the company received a 50% holding subsidiary of Beijing Jingtou Yintai real estate, which is operated by the partner, and its financial personnel were cheated by criminal gangs through telecommunications, resulting in 26.7 million yuan in the bank account of Yintai real estate being cheated through the Internet on June 22, 2020. If calculated according to the net profit realized in 2019, the 26.7 million yuan cheated by the company this time is about six times its net profit in 2019.
On April 12, 2021, Metro Land Corporation Ltd(600683) released the internal control evaluation report for 2020, which indicated that 5 million yuan had been recovered.
On the evening of June 15, 2020, Jiangxi Selon Industrial Co.Ltd(002748) announced that the 2.98 million yuan in the company’s bank account was stolen through the Internet due to the recent telecommunications fraud suffered by the financial supervisor. The case has been reported to the Jiangxi Provincial Public Security Bureau.
Jiangxi Selon Industrial Co.Ltd(002748) (former) general manager Zhang Haiqing once revealed in an interview that on the day of being cheated, he happened to be holding an office meeting of the general manager, and the finance minister of the company was also attending.
In the name of the general manager (i.e. Zhang Haiqing), the swindler sent an email instruction to a cadre of the company’s comprehensive management department to build a QQ group and bring in the people from the finance department. The cadres of the general management department formed a group according to the requirements of the other party because the general manager and the finance minister were in a meeting and failed to verify their identity.
After the group was established, the swindler sent instructions in his name, saying that he was talking about a contract, but the contract was not negotiated, and the contractor remitted 980000 yuan to the general manager’s private account. The general manager had no time to deal with it in the meeting, so he asked the company’s financial personnel to transfer 980000 yuan back to the other party’s account from the company’s account and provided a contact person and account number of the other party.
“Originally, all our financial affairs had to be approved, and then the staff didn’t know what happened, so they instructed the cashier to operate on the computer and remit the money.” Zhang Haiqing said that in this way, he transferred the money to the other party, and then the other party felt too easy to cheat. After dozens of minutes, the other party said that he had called 2 million yuan to the general manager’s personal account, and the “liar general manager” instructed him to transfer it back in the same way.
