Unicom Has Been Exposed To Several Financial Omissions &Nbsp; The Company Said It Has Been Rectified.

In the media coverage of Unicom traffic volume is not reminded, complaints by consumers to the Ministry of industry news, although Unicom still denied the duty of reminding, but soon launched 12 traffic reminder service. Recently, Unicom has been identified by the National Audit Office in its 2009 accounting, related spanactions, and some materials procurement. Management There is not enough management and so on. Standard And strict and other issues, requiring China Unicom's [0.00 0% shares to be rectified.

In this regard, China Unicom announced that 2009 was the first year of China Unicom and China Netcom's restructuring, integration and operation of new companies. In regard to the main issues related to the company's subordinates in the audit evaluation opinion, the company has been in line with the audit process of the National Audit Office. Rectification 。

According to the reporter's understanding, Unicom has arranged a special spokesman for this matter, but the spokesman failed to receive an interview with our reporter before the deadline.

According to the audit report, the Audit Commission conducted a spot check of some invoices from 4 enterprises affiliated to China Unicom from 2006 to 2009, and found that the total amount of fake invoices issued by advertisers and agents amounted to 14 million 8 thousand and 100 yuan. This audit office has focused on China Unicom and 8 affiliated companies, covering assets of 280 billion 525 million yuan, accounting for 54.71% of China Unicom's total assets. That is to say, the fake invoice that Unicom may collect is more than 14 million.

Wang Ruihua, a professor at Central University of Finance and Economics, said in an interview that the issue of fake invoices was more serious. The basic principle of accounting is to record according to the real spanaction and the actual business. The invoice is a proof of the occurrence of business spanactions. The nature of collecting fake invoices is rather bad. This kind of thing can not be treated completely according to the absolute amount of money.

As for Unicom's early recognition of revenue, Wang Ruihua pointed out that generally speaking, early recognition of revenue is nothing but to urge performance and profits.

According to China Unicom's 2009 annual report, the decline in fixed line voice business and the early development of 3G business in the company were unable to offset the cost increase of depreciation and amortization, network operation and support costs, and sales costs. In 2009, the total profit after adjustment was about 12 billion 410 million yuan, which was 34.5% lower than that in 2008. Under such circumstances, China Unicom's early recognition of some revenue is not impossible to smooth its performance.

Moreover, in October 2009, Unicom obtained the 3G license, and the pressure on the terminal subsidies, network operation and other expenses that will come along with 3G business is also expected. Since the performance of 2010 will be faced with tremendous pressure, it is impossible for us to recognize revenue in advance.

Some analysts told reporters that poor performance in 2010 would be good for 2011. Although there was news in the industry before that, for the sake of goodwill of the 2011 report, Unicom would try to make some allowance cost in 2010, but Unicom did not consider it so far in 2009.

According to public information, China Unicom's accounting firm hired in 2009 is PWC Zhongtian accounting firm.

Telecommunications expert Chen Jinqiao told our reporter that these financial details, the central enterprises exist more or less, because the central enterprises are large in scale, especially related to the local city companies. Unicom is a listed company, and large financial discipline is observed. The main reason is to strengthen the internal control of the local company, because its main business units are at the municipal level. As long as it is not subjective evil, but objective work negligence, it will not have a particularly big impact on the confidence of China Unicom partners and the interests of shareholders.

In addition, this is also a question of grass-roots execution. Unicom has always been in a relatively weak position among operators. There are still some problems in the construction of grass-roots staff, unlike mobile and telecommunications, which are relatively thick, and relatively speaking, the system is relatively sound.

Chen Jinqiao believes that the exposure of such a problem is a good thing for Unicom and can be taken as a warning.