Optical leader Crystal Optoelectronics (002273.SZ) exposed its family scandal.
On the evening of March 16, Crystal Optoelectronics announced that employees of its holding subsidiary violated the interests of the subsidiary and were suspected of illegal crimes. According to the initial determination by the police, the amount of money suspected of Li's crime so far is more than 69 million yuan.
The Secretary of the Board of Directors of Crystal Optoelectronics responded to the Red Star Capital Bureau today and said that the case is being sorted out and it is expected that assets of 50 million to 55 million yuan can be recovered. The currently unrecoverable part was lost by the suspects in stock trading and futures trading.
Just now, the Shenzhen Stock Exchange issued a letter of concern to Crystal Optoelectronics , requiring it to formulate detailed and feasible rectification measures and clarify the rectification deadline for internal control issues exposed by subsidiary employees' infringement of the company's interests; at the same time, it will conduct a comprehensive self-examination of the company's internal control system design and operating conditions. The Shenzhen Stock Exchange requires Crystal Optoelectronics to provide written explanations on relevant issues and submit relevant explanatory materials and disclose them to the public before March 22, 2021.
The financial director of a subsidiary was suspected of embezzling
for his position, involving more than 69 million yuan.
Recently, Zhejiang Crystal Optoelectronics Technology Co., Ltd. (hereinafter referred to as Crystal Optoelectronics ) issued a risk warning announcement stating that during the financial internal control self-examination process, it was discovered that the holding Li, the financial director of the subsidiary Zhejiang Taijia Electronic Information Technology Co., Ltd. (hereinafter referred to as "Taijia Electronics", Crystal Optoelectronics holds 80% of the equity), embezzled bank drafts. After
found clues about Li's crime, Crystal Optoelectronics immediately reported the case to the local public security agency.
The public security organs have preliminarily determined that Li's job embezzlement involved a huge amount of money, totaling more than 69 million yuan. He is suspected of a major job crime and has been submitted for arrest. After
exposed his family scandal, public opinion generally described the matter as a "black swan" and "bad news".
But Crystal Optoelectronics stated in the above announcement: "This matter has led to the undercounting of Taijia Electronics' revenue and profits. After the asset recovery, it is expected to increase Taijia Electronics' net profit and correspondingly increase the net profit attributable to the parent company."
So in the stock bar of Crystal Optoelectronics , some investors believe that " has increased profits so much all at once that it has hit the daily limit"; "the bad news has been exhausted, and the main force has taken the opportunity to easily end the wash and move on" .
However, judging from the market performance, Crystal Optoelectronics jumped short and opened lower at the opening today. The intraday drop exceeded 4%, and by the close it fell 2.99% to 10.69 yuan/share.
Screenshot from Snowball
involved in the case Financial manager used stolen money to speculate in stocks and futures
Crystal Optoelectronics The loss did not exceed 15 million yuan
The announcement stated that based on the current situation of cooperating with the supervisory authority to recover the money and materials involved in the case, it is expected that the assets can be recovered 50 million-55 million yuan.
Crystal Optoelectronics stated that Li’s job embezzlement behavior is expected to cause Taijia Electronics’ net asset loss to not exceed 18 million yuan. Crystal Optoelectronics holds 80% of the equity of Taijia Electronics, so this incident is expected to cause a net asset loss of no more than 15 million yuan to the company.
Red Star Capital Bureau asked Crystal Optoelectronics for confirmation on this matter. The company’s secretary of the board of directors responded that the suspect was a financial manager recruited from outside and had been working in the subsidiary for six or seven years. The facts of the case are currently being clarified and the assets are being traced. middle.
In addition, the company's secretary of the board of directors also said that the amount of traceable assets is the 50 million to 55 million yuan mentioned in the announcement, "Because some of them are real estate, there may be appreciation."
Then the part of the assets that cannot be recovered Why can't it be retrieved? Where is the specific flow?
Crystal Optoelectronics Secretary of the Board of Directors said, “What is not recoverable is the loss he made by trading stocks or trading futures."
Financial experts analyzed "There are problems with the company's internal control"
Crystal Optoelectronics explained "It is a new type of crime"
Crystal Optoelectronics mentioned in the announcement the measures taken by the company, in addition to initiating accountability for Taijia Electronics and related internal personnel. In addition to penalties, Crystal Optoelectronics said it has set up an internal special team to conduct self-examination on all aspects that may involve financial internal control.
The bill of exchange is the most widely used credit tool in international settlement.
Sichuan Rural Credit Cooperative Provincial Branch. An industry insider told the Red Star Capital Bureau that bills of exchange, especially commercial bills, are easy to forge and tamper with, so they are an area with a high incidence of economic cases. He said, "The bank's internal control review of the bill of exchange is very strict, but the bill of exchange is issued by the company, and the bank is only responsible for acceptance. . "According to the analysis of this industry insider, "This should be the financial signature and the supervision itself. "He believes that such a large amount of bill crime is mainly due to problems with the company's internal control.
"Bills are an important means of settlement in corporate economic activities. It is common to use bills for job embezzlement, but the occurrence of such a large amount of job embezzlement shows that within the company Control has failed," financial experts told the Red Star Capital Bureau.
In response, Crystal Optoelectronics Secretary of the Board of Directors explained to the Red Star Capital Bureau that this is a new type of crime, "Of course you say it is not completely new. But at least according to our reports, including our reports to the public security department and the regulatory authorities, this case is suspected of a relatively new form of crime. "
further introduced, "Because many behaviors are on the books but not in reality. For example, how much money is in the bank deposit in the account, but in the end it is discovered that the bank has not made a statement, but it is not in his account. "
is the supplier of Oufeiguang
Crystal Optoelectronics : The proportion of business is not particularly high
Public information shows that Crystal Optoelectronics is located in Taizhou, Zhejiang. It is a leader in the domestic optical optoelectronics industry, mainly engaged in optical imaging, R&D, production and sales of related products in the fields of LED, micro-display, reflective materials and other fields. The products are widely used in biometric identification, optical panels, automotive electronics and other fields, and is the filter supplier of many well-known mobile phone brands in the world. Taijia Electronics is a holding subsidiary of Crystal Optoelectronics. The company specializes in the production of various types of precision polished optical substrates. Its products are mainly used in the production of light splitting, light filtering, and light guide devices.
's third quarterly report shows that in the first three quarters of 2020, Crystal Optoelectronics operating income was 2.26 billion yuan, a year-on-year increase of 9.4%; net profit attributable to the parent company was 310 million yuan, a year-on-year decrease of 13.08%.
Regarding the year-on-year decrease in net profit, the secretary of the board of directors of Crystal Optoelectronics responded to the Red Star Capital Bureau, saying that it was due to the relative decline in net profit. In the third quarter of 2020, company had non-operating income in the third quarter of 2019.
said, "In the third quarter of 2019, we had an investment income. We are the largest shareholder of the listed company Japan Guangchi. We reduced some of our shares and obtained investment income of about 100 million yuan. In the third quarter of 2020, we did not reduce our holdings. "
It is worth noting that yesterday evening, OFILM announced that it had recently received notice from a specific overseas customer that it planned to terminate the purchasing relationship with the company and its subsidiaries, and would no longer obtain existing business orders from specific customers in the future. According to the China Securities Journal, the "overseas specific customer" mentioned in the OFILM announcement is Apple.
OFILM is a leading enterprise in the field of optical optoelectronics in China, mainly engaged in micro camera modules, optical lenses, microelectronics, etc. , products are widely used in consumer electronics fields such as smartphones, tablets, and wearable electronic products. OFILM The above announcement shows that the audited specific customer-related business revenue in 2019 was 11.698 billion yuan.
Previously, Crystal Optoelectronics Dong. When Huiyi responded to investor inquiries, Mi Zeng confirmed that the company was a supplier of OFILM and had business dealings with it.
In response to the impact of OFILM thunderstorms on Crystal Optoelectronics business, the secretary-general said that and Crystal Optoelectronics serve the entire industry, not just for a specific customer. " OFILM is just the company's infrared We are one of the customers of optical filter products, and the proportion in this business is not particularly high.”
Red Star News reporter Bai Zhaopeng
Editor-in-chief Ren Zhijiang Editor Deng Lingyao
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