Audit Announcement: Huaneng 10.5 billion overseas investment is now a loss - Finance News Finance News

2017 years , Released 20 households Year 2015 Income and expenditure Results Announcement. Announcement shows that some enterprises Operating existence Control the relatively weak problem. Among them, the sample of 20 households Of the 155 foreign operations, there are 61 to form a risk of 38.419 billion yuan. To China Huaneng Company (hereinafter referred to as Huaneng Group), for example, April 2011 to June 2013, the Huaneng Group Group , The foreign enterprises to 10.327 billion yuan to implement , Due to continued weakness in electricity market demand and other operating losses. Data show that Huaneng Group from 2003 to open overseas Business, the goal is in 2020 to reach the world's top five similar enterprises. However, the development of overseas business is not smooth sailing. Audit audit in the 20 central enterprises, such as Huaneng Group investment projects such as a lot of losses. Cross - border M & A experts China believes that in order to prevent business blind decision-making, you can consider the establishment of the relevant accountability system. Reporters noted that in the audit of Huaneng Group, the Audit Commission focused on the audit of the Huaneng Group headquarters and the six subordinate units, the relevant matters were extended and traced back. Audit found that Huaneng Group in the enterprise major decision-making and internal There are different degrees of problems. Among them, overseas business, from April 2011 to June 2013, the Huaneng Group collective decision-making, foreign enterprises to 10.327 billion yuan acquisition of the project produced a business loss. To understand the details of the aforesaid loss items, Afternoon, "Daily News "reporter call Huaneng Group spokesman, but the phone failed to connect. Public information, Huaneng Group in 2003 officially opened overseas mergers and acquisitions business, the acquisition Power Company (OzGen) 50% stake. In 2016 Huaneng Group official website of the report, Huaneng Group Deputy General Manager Sun Zhiyong said, "the acquisition has achieved very good results ... ... for the development of Huaneng, the real to go out, laid the foundation. Speaking of Huaneng international goals, Sun Zhiyong also said that at present, in the 18 world similar energy companies on the standard ranking, Huaneng comprehensive strength "second five" end ranked eighth. In accordance with the set goals, in 2020 to reach the world's top five. It is noteworthy that, in the audit of the Audit Commission, Huaneng Group there are still inflated , The project is not approved and other issues. Audit reviewed the issues pointed out by the Huaneng Group audit in 2012 and found that there were four issues to the time that the audit had not yet been fully rectified. Audit audit of the 20 central enterprises, such as Huaneng Group, such as overseas investment projects have a lot of central enterprises loss. For example, the audit found that China's Sinochem Group from 2007 to 2011 to invest in four overseas projects, due to the situation to determine the mistakes, etc. And a loss of 3.62 billion yuan. China Minmetals Corporation from 2007 to 2012, the feasibility of the argument is not sufficient, the acquisition of three overseas projects, involving the amount of 9.304 billion yuan, the end of 2015 to provide impairment losses of 4.171 billion yuan. Reporters noted that the overall situation, the Audit Commission of the 20 central enterprises in the 155 overseas business, due to investment decision-making and management system is not perfect, research and demonstration is not sufficient, the risk response is not in place, there are 61 to form a risk of 38.491 billion yuan. While the Audit Commission is central to 2015 Executive and others Of the audit shows that the Audit Commission heard 10 central enterprises, spot checks of 93 overseas business, there are 62 different levels of argument is not sufficient, not according to the procedures for approval and other issues, of which 10 major violations of discipline clues, resulting in state-owned Loss of equity 14.27 billion yuan. In this regard, Zhang Weihua that state-owned enterprises can not simply say that overseas investment is a failure or success, the need for specific analysis of specific issues. For example, state-owned enterprises are some overseas Sexual investment projects may take a long time to judge the success or failure of the project. However, Zhang Weihua also pointed out that some state-owned enterprises do exist blind decision-making situation. In view of these problems, overseas investment projects is the most important from the perspective of the market to consider, while the appropriate establishment of blind investment in state-owned enterprises accountability system.