Mommy pawned Daddy again

Chapter 235 Financial Report Issues

Tanxier nodded and said, "It's more than just the quality gap."

Qin Muchen picked up one of the skirts casually, looked at Tan Xier as if he knew something, looked directly at the trademark of the dress, and raised his eyebrows slightly.

Seeing that he didn't ask any questions and went directly to look at the trademark inside, Tan Xier immediately knew that Qin Muchen might know what she wanted to say, or he also knew what happened.

Qin Muchen looked at the dress in his hand, then at the dress in Ada's hand, and Ada picked up another skirt and looked at it.

After seeing it, Ada immediately looked at Qin Muchen, "Sir, this dress is not a product of our company."

Han Zichu looked at it, clicked his tongue, frowned and said, "But the quality of this skirt is not as bad as this one. And this shape, this fabric..."

Han Zichu got it right, "It's strange, why the quality of our brand is so different, but the quality of this dress is the same as this one."

Qin Muchen looked at Tan Xier and said, "How did you find out?"

Tan Xier said: "It's also a coincidence. I bought this dress at a YS counter some time ago. This dress..." She took out the imitation she asked Jiang Xiaoyi to buy online, and said, "This I asked Xiaoyi to buy a counterfeit product in this store. Xiaoyi said that she bought this online store from several sales outlets in our company, because the style and quality are very good, and the key point is that the price is very affordable. It is very suitable for those small white-collar workers with limited financial resources. Coincidentally, because I just bought this skirt at a counter not long ago, I have an impression. And this skirt also happens to be in this store. Out of curiosity, I asked Xiaoyi to buy the clothes from these two stores, and found that they were exactly the same from the design to the fabric. But on the contrary, this is the genuine YS product bought from the online flagship store. The quality is very poor. And this is the evaluation of YS in the flagship store and online, and there are mixed reviews. And most of the bad reviews are purchased from the online flagship store rather than physical stores.”

Qin Muchen looked down at the comparison of the two stores Tanxier handed her in his hand, frowned and said nothing.

Tan Xier looked at the three of them and said, "Well... I think there should be something wrong with this link. You know, the monthly turnover of imitation stores is several times that of physical stores and online flagship stores, but The designs and fabrics are exactly the same as the genuine ones, that is to say, this counterfeit store is at zero cost. All risks and losses are borne by YS. I think it is necessary for your company to conduct a thorough investigation. I feel that this is not a simple It’s a question of plagiarism.”

After finishing speaking, she put down her things and said, "Okay, you guys talk slowly, I'll go first."

After speaking, she stood up and prepared to leave.

But Qin Muchen stretched out his hand to grab her, "You stay."

Tanxier looked at him and said, "Stay? What are you doing?"

Qin Muchen said, "Let's talk about this matter."

Tan Xier looked at him and said, "Isn't this appropriate? After all, this is an internal matter of the Qin Group."

Qin Muchen looked at her and said, "Your madam of the president of the Qin Group, you should have a proper understanding of the company's affairs. What's the problem, huh?"

Tanxier looked at him and said nothing.

Qin Muchen continued: "Director Long talked to me about this matter before, so I also adjusted YS's financial report data in the past two days. On the surface, there is nothing wrong with the financial report."

Ada on the side frowned after hearing the words, while Han Zichu frowned and said, "On the surface? So third brother, what do you mean is that you suspect that there is something wrong with YS's financial report?"

Qin Muchen took a deep breath and said, "Oh, there are more than just problems. I have retrieved YS's financial reports for the last six years. Take a look."

As he spoke, he clicked the tablet into an interface, and handed it to Han Zichu. After a quick look, Han Zichu seemed to see the problem, and after a moment, he handed the tablet to Ada. Then he handed the computer to Tanxier with both hands.

Tanxier obviously had concerns.

She didn't go directly to pick up the computer, but looked at Qin Muchen.

Qin Muchen motioned her to take a look.

Tanxier took over the computer and looked at it.

Qin Muchen leaned on the sofa, and continued, "The three-year financial report didn't show much, so I called up the six-year financial report for comparison."

He reached out and clicked on several sets of data on the screen, and said, "Look here. The first three years are an analysis stage, and the next three years are another analysis stage. The operating status of YS in these two stages is different."

Tan Xier has not been in contact with company management for a long time. Although she can understand financial reports, she can also analyze charts.

But she didn't expect that the financial report analysis could extend such a long time span of six years from previous years.

At least she thinks that after three years of operation, she can see the problem.

Moreover, according to Qin Muchen's instructions, he was taken aback for a moment, and it was indeed different.

Tanxier frowned slightly, and said: "In the past three years, the operation should be normal. The data from all aspects show that the company is operating in good condition, and the profit is within the normal range. And the annual financial report shows that in the past two years, it should In addition to changing the design team and fixing the market positioning, the sales volume increased by 26% compared with previous years."

After a pause, "But in the past three years..."

She looked up at Qin Muchen.

Qin Muchen nodded and said: "Three years ago, YS' investment in productive assets has increased year after year. The investment in these assets will mainly be reflected in the quantity, quality and profit of the goods. The table shows that the profit for the past three years has not increased but decreased. The inventory turnover days are also the same as three years ago, so the invested assets can only be reflected in the quality of the goods, but this sales expense has exposed the problem."

Tan Xier nodded, and said: "Three years ago, the long-term deferred expenses in the financial statement also began to increase. Is it because of the advertising on the platform offline and online? Because I have never seen this brand have signed a spokesperson. So it should be online, offline and platform advertisements. But this reflects from the side that the stable sales of YS in the past three years are mainly driven by promotion, rather than the quality of its own products and the reputation it has built.”

Qin Muchen nodded, "The increase in annual productive assets is only a relatively obvious variable in the function. The profit should have a process of first falling and then rising or falling and then flattening or even rising again. However, the data in the financial report of the next three years It reflects a linear decline, and it can be reflected from this point that there are serious problems with financial data."

When Qin Muchen said this, he paused, "But I didn't expect that you would have discovered the problem and brought me an online store."

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