波司登(03998.HK)發進一步澄清反駁無誇大盈利
波司登(03998.HK)發澄清通告,詳細反駁沽空機構博力達思(Bonitas)沽空報告中所作指控。對於沽空報告指公司自2015年起虛構純利8.07億元人民幣(下同),即多報174%,公司指主要由於部份附屬公司業績無須於年度報告中披露,沽空報告所用數據僅涵蓋19家公司,而公司財務報表綜合範圍還額外包括約20家境外公司及40家境內中國公司。
該行例如於2015年4月至2018年3月期間,高郵波司登服飾錄得純利約1.8億元、江蘇波司登供應鏈管理錄得純利約1.2億元、上海波司登瑞琦時裝錄得純利約4,000萬元,及其他未在該等沽空報告中提及的當地中國附屬公司錄得總純利約2.3億元。上述因素合併造成的差異為約7.7億人民幣,而該等沽空報告中忽略了此一事實。
就虛構「杰西」的收購後收入指控,波司登澄清除聯合年檢報告書和2011/12財年年報所採用的報告期不一致外,收入的差異乃主要由於國際財務報告準則下收入確認的會計處理差異,因分別就收入以及銷售及分銷開支調增、或然租金之金額而對淨溢利並無任何影響。淨溢利的差異乃主要由於分配至綜合範圍內的境外公司(例如朗輝環球投資及香港美滿的商標使用權及設計費用約1,900萬人民幣。
此外,該等沽空報告指稱,涉及「邦寶」交易的賣方均非獨立第三方,波司登澄清於2013年乃自兆寧環球實業(一間由屬於公司獨立第三方即「邦寶」品牌之創始人-陳氏最終控制的公司)收購「邦寶」品牌的控股公司30%權益,而非所指稱從周先生控制的公司收購。關於2016年7月從其中包括勁豐投資發展(為孔氏最終控制的公司)等收購邦寶的70%權益。孔氏於關鍵時間已不再是公司的關連人士,因為其已自2014年5月15日起辭任公司執行董事。
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