Jiangsu new shares Chong Guan was whether the reasons exposed: can't prove to be sustainable profitability (1)

Years, first on stage a-share IPO was in Suqian, Jiangsu Province, Sau strong shares, January 13, 2011, become a member of the gem. According to the correspondent statistics, as of yesterday, Jiangsu successfully listed this year a total of 44 companies. However, some happy some worry, not all listed companies are without defects, but no successful listed companies have rushed was found problems when it is closed.　　Yesterday, reporters from the Securities and Futures Commission obtained a copy of the detailed information shows in Jiangsu section was not successful clearance of new share issues.　　One investment banker with respect to reporters: "the main reason these companies are profit-related, regardless of the angle is the number that appears in the prospectuses were able to persuade members of the Committee." As expected the stock crisis in Nanjing, Jiangsu weigena silk fashion company limited before the, reporters have been concerned about the company's stock exception. According to the company prospectus disclosure of circumstances, as of 2010
31st book valued at $ 101 million, 63.09% per cent of current assets, as per cent of total assets 43.74%., inventory is $ 75.0446 million, 74.32% per cent of total stock. "Stock heavy, has been a concern of the Committee issues affecting future operating revenues and net profit growth. If inventories did not explain clearly the reasons, members will not buy it."　　The Investment Bank said.　　Eventually, the Committee for the clothing company's thesis is also associated with high inventories.　　Reporters Committee findings obtained showed that members believe, weigena silk fashion at the end of 2010 stock surged $ 38.16 million by the end of 2009 increased to $ 100.97 million in late 2010, inventories are mainly for stock item, 2010 inventory turnover at just 1.36, and the company does not make provision for inventory. In addition, the members have also