The purchase of big customers of Weigang Technology has fallen sharply, and the chairman pays millions of cash to the executives privately

Zhejiang Weigang Technology Co., Ltd. is a company that specializes in the production of printing and packaging machinery. It has successfully developed CNC continuous silk printers, flexible version of printing machines, trademark molding machines, and automatic sub -cutter. The company is currently applying for listing.

According to the China Printing and Packaging Network in December 2020, "Little C interview with Weigang Zhou Bingsong:" Invisible Champions "of the Chinese labeling printer industry", which mentioned that at the end of 2020, the total investment was 392 million yuan, The "Wegang Industrial Park", which covers an area of ​​100 acres and has a construction area of ​​95,000 square meters, is about to be fully capped, and will be officially put into operation after September 2021. Zhou Bingsong, the actual controller and chairman of the company, also mentioned: "It is expected that in a short time after the new factory is put into use, the production capacity can be at least doubled."

However, according to the prospectus, as of the end of September 2021, the original value of the fixed assets of Weigang Technology was only 811.56 million yuan. The book value of the "180 annual output of 180 full -wheel transfer and other intelligent printing equipment construction projects" in construction projects also However, it was only 145 million yuan. The total investment mentioned in the above reports was 392 million yuan, the construction area was 95,000 square meters, and the "Weigang Industrial Park" was fully capped as early as the end of 2020, which was not reflected in the prospectus.

Let's look at the business information of Weigang Technology, Taixin Financial Leasing has always been the largest customer of Weigang Technology. From 2018 to 2020, the company's sales amount to the customer have always maintained more than 70 million yuan. The proportion of income is more than 20%, and the sales proportion of other customers in Wegang Technology does not account for more than 5%; but in the first nine months of 2021, the company's sales amount to Taiwan's new financial leasing was less than 25 million yuan. The proportion of sales slipped to 7.66%. On the basis of the sharp decline in the scale of Weigang's technology procurement, the company's turnover has not fallen significantly, that is, large customers' sales have declined, but the company has also developed many small customers, which has also made investors worry that it will increase. Weigang Technology's operating volatility.

Not only that, during the nine months of the first nine months from 2018 to 2021, the procurement amount of the main raw materials was 245 million yuan, 236 million yuan, 258 million yuan, and 224 million yuan. The turnover amount was 205 million yuan, 217 million yuan, 214 million yuan, and 181 million yuan, all significantly lower than the procurement of the main raw materials. Under normal accounting logic, this should lead to a significant increase in the company's inventory.

But in fact, the balance of the book balance of Weigang's technology inventory at the end of September 2021 was 170 million yuan, an increase of less than 70 million yuan compared to the 102 million yuan at the end of 2018; and from September 2019 to September 2021, the company's raw materials of the company Compared with the amount of direct materials during the same period, the amount of the purchase amount is more than 100 million yuan, that is, at least 30 million yuan of raw materials purchased. It is neither a cost nor a transfer. Financial accounting logic.

In addition, Zhou Yue is the director and marketing director of Weigang Technology. In 2020, the salary was as high as 29.315 million yuan. At the same time, he also received millions of yuan from Zhou Bingsong from Zhou Bingsong. Yu Jinhua received 49.225 million yuan from Zhou Bingsong. In contrast, Weigang Technology's total salary payment in 2019 and 2020 is only 7.689 million yuan and 7.7459 million yuan. Zhou Yue's salary accounts for 40% Personal names to Jin Hua and Zhou Yue give a large amount of cash. Whether it is reducing the book operating costs of Weigang Technology, and helping the above two people to escape personal income tax. Weigang Technology did not reply to reporters' interviews.

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