Melatonin channel the wisdom of the risks encountered Accounts.docVIP

 PAGE \* MERGEFORMAT 4 Melatonin channel the wisdom of the risks encountered Accounts September 2, Qingdao Jianteshengwu Investment Co., Ltd. (hereinafter referred to as: Jianteshengwu) the 2003 semi-annual report on ‘Melatonin’ sales release announcement. The notice recognizes the company for 97.75 million yuan in the first half accounts receivable, the main distributor of the total interactive Xing Huang Shan Biotechnology Co., Ltd. (hereinafter referred to as: Huangshan Gen Xing) owed. Industry insiders believe that the total national market to a dealer do it, too much dependence on the market, there is market risk is obvious. The total risk of a sudden now the exclusive distributor August 27, Jianteshengwu (000,416) released the semi-annual report. Semi-annual show, ‘Melatonin’ general sales agent Huangshan Gen Xing biological Jianteshengwu amounts owed nearly 1 billion yuan, according to ‘Melatonin’ 1 ~ in June of this year sales of 220 million yuan terms, Melatonin ‘deficit’ in recent half. The same day, Jianteshengwu a rapid decline in share price to close a fall in price to 17.2 yuan, decrease of 1.49%. This reporter has learned that in last year’s acquisition of Wuxi Kin Jianteshengwu special pre-, ‘Melatonin’ product distributor for the country’s total Gen-Xing Huang Shan, the reseller channel depth of resources throughout the country, set up 197 offices, manage 2,500 a number of distributors, sales of the terminal is about more than 50,000, can be described as a strong distribution capabilities. The acquisition of Wuxi in the Jianteshengwu special health after consultation with the Huangshan Gen Xing, Shandong market by Jianteshengwu the corporate governance, in Shandong province has built 12 office, the 60 dealers, sale terminals up to more than 1,500. But this change did not seem to affect the Gen-Xing Huang Shan is still Melatonin Dujiazongdai the fact that the national judge. In fact, as early as last September, Jianteshengwu once issued an