Gui Faxiang (002820), a national long-established brand that sells twist flowers, was actually misappropriated by "family thieves" to embezzle funds for private use, and the loss may reach 10 million.
On the evening of November 17, Gui Faxiang discovered that Zhou Mou, a cashier of Tianjin Guifaxiang Logistics Co., Ltd. (hereinafter referred to as the "Logistics Company"), a wholly-owned subsidiary, was suspected of illegally misappropriating the funds of the logistics company for private use by taking advantage of his position, and was suspected of violating the law and committing crimes. The company has reported to the public security organs at the first time, and received a notice of filing a case from the public security organs on November 17, 2021.
Gui Faxiang said that the logistics company is mainly responsible for the transportation of the company's products to the sales outlets, and the current production and operation are stable and normal. The company and the logistics company will actively cooperate with the police in carrying out relevant work.
The incident is currently in the investigation stage, the company initially estimated that the amount involved in the case is about 10 million yuan, the specific amount involved in the case is still to be determined by the public security organs investigation.
After the company's self-examination, it has not been found that the person involved in the case, Zhou Mou, has a relationship with the company's controlling shareholders, directors, supervisors and senior management. The business engaged by the logistics company is not the core business of the company, and the incident will not affect the normal operation of the company's business.
After preliminary verification, the company believes that:
The incident involves financial data from previous years with less impact, but may adversely affect the company's financial situation in 2021, and the specific impact will be combined with the follow-up investigation conclusions of the public security organs and communication with the auditing institutions, and the accounting treatment will be carried out in a timely manner after determination.
According to public information, Gui Faxiang specializes in the research and development, production and sales of traditional characteristics and other leisure foods. The company's products include traditional leisure foods represented by the 18th Street twist, as well as other snack foods such as pastries, sweet chestnuts, nuts, etc.; the main products are "Gui Fa Xiang 18th Street" series of twist flowers.
"If this money cannot be recovered, how many twist flowers will the company have to sell to make up for this hole." One investor said. According to the data, from January to September this year, Gui Faxiang achieved operating income of 329 million yuan, an increase of 25.34% year-on-year; and achieved a net profit attributable to shareholders of listed companies of 28.79 million yuan, an increase of 16.76% year-on-year.
In order to recover the above-mentioned money involved in the case, the company set up a special working group headed by the chairman of the board of directors, cooperated with the public security organs to investigate, provided relevant materials, and took all measures to recover funds through various means to reduce losses as much as possible; organized the finance department and the audit department to conduct self-examination of the company's and subsidiaries' capital security, separation of incompatible positions and other fund management risks and key links, and confirmed that the company and other subsidiaries did not have similar situations after self-inspection, and carried out a comprehensive self-examination of the effectiveness of the implementation of the internal control system of the logistics company. Rectification.
At the same time, the company said that although the employee's suspected crime was an individual incident, it exposed the problem of insufficient implementation of the internal control system of individual subsidiaries and insufficient supervision of subsidiaries by the company. The company is comprehensively sorting out and checking the effectiveness of the implementation of the relevant internal control system, carrying out all-round and blind area risk investigation, carefully summarizing and analyzing, formulating and implementing rectification plans, strengthening preventive measures, and preventing the recurrence of such incidents.
(Editor-in-charge: Zhang Qianye)