New energy vehicles "cheat up" large liquidation involving more than 1 billion cases

With the exposure of some typical cases, the large liquidation of the new energy vehicle “cheat” is in full swing.

Yesterday, the Ministry of Finance website announced some of the special inspections of the new energy vehicle promotion and application subsidy funds, and exposed five typical cases. The five car companies on the list have reported more than 1 billion yuan of central financial subsidies, and the total number of false declarations or declared unfinished vehicles has reached more than 3,500. Among them, Suzhou Jim West Bus Manufacturing Co., Ltd., suspected of malicious deception and the most serious case, was not only disqualified by the Ministry of Finance from the central financial subsidy, but also cancelled the vehicle production qualification by the Ministry of Industry and Information Technology. In addition, A-share listed companies Jinlong Automobile, Jingwei shares control, shareholding companies are also "listed on the list."

Involving more than 10 billion yuan enterprises involved in the qualification was canceled central government subsidies

The new energy vehicle industry is a strategic emerging industry determined by the state. The development of new energy vehicle industry is an important measure to promote the transformation and upgrading of the automobile industry. In recent years, many subsidies and support policies from the central to the local governments are in this context. It has been introduced. With the promotion of fiscal and taxation support policies and the joint efforts of all parties, China has become the country with the largest number of new energy vehicles in the world. By the end of 2015, domestic new energy vehicles had a total production of 497,000 vehicles and sales of about 440,000 vehicles. The Ministry of Finance said that since 2009, the central government has subsidized the promotion and application of new energy vehicles. By the end of 2015, the central government had arranged a total of 33.435 billion yuan of subsidies.

However, the Ministry of Finance also found that with the continuous expansion of the scale of the industry and the rapid increase in the number of promotion, individual enterprises are driven by interests, violating relevant laws and regulations, defrauding and illegally seeking financial subsidies, seriously disrupting market order and infringing the R&D and production of law-abiding enterprises. The legitimate rights and interests of new energy vehicles have had a bad impact on the promotion and application of new energy vehicles in China, which has aroused widespread concern in society. Therefore, at the beginning of 2016, the Ministry of Finance organized a special inspection of 90 major new energy vehicle manufacturers, involving a total of 401,000 new energy vehicles that have been and have been declared central financial subsidies from 2013 to 2015. 13.3 million operating status of new energy vehicles sold. The inspection found that some enterprises were suspected of defrauding financial subsidies in violation of relevant laws and regulations. Some vehicles were not sold to consumers to declare subsidies in advance, and many vehicles were idle after receiving subsidies.

Yesterday, the Ministry of Finance announced five typical cases. According to statistics, a total of 3,547 new energy vehicles involving five companies involved in the case involved false claims or were not completed, and the corresponding central financial subsidies exceeded 1 billion yuan.

Among them, the worst of the nature is Suzhou Jim West Bus Manufacturing Co., Ltd. The company through the fabrication of false materials procurement, vehicle production and sales and other original documents and records, uploading false certificates, illegal handling of motor vehicle driving licenses, fictional new energy vehicle production and sales business, false declaration (2015) sales of new energy vehicles 1131 The vehicle involved a central financial subsidy of 261.56 million yuan.

In addition, Jinlong United Automotive Industry (Suzhou) Co., Ltd. is involved in the largest amount. Among the new energy vehicles that have been declared (2015) central financial subsidy funds, 1,683 vehicles have not been completed as of the end of last year, but they have handled the motor vehicle driving licenses in advance, thus reporting more than 51,921,000 yuan of central financial subsidies. Shenzhen Wuzhoulong Automobile Co., Ltd., Chery Wanda Guizhou Bus Co., Ltd. and Henan Shaolin Bus Co., Ltd., which are similar to the case, have 154 vehicles, 327 vehicles and 252 vehicles, respectively, which have not been completed by the end of 2015. The subsidy funds were 55.74 million yuan, 98.1 million yuan and 75.6 million yuan.

The Ministry of Finance said that the central financial subsidy qualification of Suzhou Jim West Bus Manufacturing Co., Ltd. has been cancelled, and all the central financial subsidies funded in 2015 will be recovered, and the Ministry of Industry and Information Technology will cancel its vehicle production qualification. For the other four listed companies, the Ministry of Finance will recover the funds allocated by the above-mentioned 24,16 illegally-paid vehicles, and will be based on the 50% of the problem amount according to the Regulations on Punishment of Financial Violations. fine. At the same time, since 2016, the central financial subsidies of the above four enterprises have been cancelled; the Ministry of Industry and Information Technology has removed the problem models from the Catalogue of Recommended Models for Energy Saving and New Energy Vehicle Demonstration and Application. The other new energy vehicles produced and sold by the four companies in 2015 will be re-declared by the local regulatory authorities after strict examination and verification. If there is no problem, the central government subsidy can be continued according to the original policy.

The Ministry of Finance also said that when the four companies resumed the implementation of the central financial subsidy policy, depending on the local government and enterprise rectification. At that time, the Ministry of Finance, the Ministry of Science and Technology, the Ministry of Industry and Information Technology, and the National Development and Reform Commission will jointly verify and accept. After the acceptance of the inspection and approval by the State Council, the implementation of the financial subsidy policy can be resumed, but the qualifications for the advance financial subsidy will not be restored.

The reporter found that only the above five cases have affected two A-share listed companies. For example, 48% equity of Shenzhen Wuzhoulong Automobile Co., Ltd. is held by Jingwei Co., Ltd. (according to the semi-annual report). In the first half of this year, Jingwei's operating income was about 2.223 billion yuan and net profit was 200 million yuan. Shenzhen Wuzhoulong Automobile achieved revenue of 132 million yuan in the first half of the year, with a loss of 125 million yuan. However, Jingwei shares previously announced that it will increase the capital of Shenzhen Wuzhou Long Automobile in an equal proportion, and will increase investment by 104 million yuan according to the shareholding ratio. In the past two days, the share price of Jingwei has been declining and has been falling continuously.

In contrast, Jinlong Automobile is more affected. According to the 2015 annual report, Jinlong Automobile received a subsidy of 5.8 billion yuan for new energy vehicles, and the listed company's net profit for the same period was 535 million yuan. The Jinlong United Automobile Industry (Suzhou) Co., Ltd., which was exposed this time, is owned as to 60% by Jinlong Automobile. The annual report shows that the company achieved operating income of 10.484 billion yuan, a year-on-year increase of 20.53% and a net profit of 481 million yuan. 85.47%.

A new support policy will be introduced after the liquidation is completed.

The exposure of the above five cases means that the “cheat” liquidation will be fully implemented. It is reported that among the 90 major new energy vehicle manufacturers that were inspected, the only ones that were named and accepted for punishment were the serious cases and the large amount involved. Although other companies have not been named, there are still many problems.

For other minor offenders, the Ministry of Finance also gave the principle of punishment. It is disclosed that the Ministry of Finance has recovered the central financial subsidy funds that have been obtained from the “problem vehicles” in 2013 and 2014 for the enterprises that have “the problem of lack of electricity and the standard”. 30% of the amount will be fined, and vehicles with problems in 2015 will not be liquidated; enterprises involved in such problems will be disqualified from the 2016 financial subsidy, but vehicles that are legally produced and sold according to law can still report financial subsidies according to regulations. .

In addition, for idle vehicles, the central subsidy will be temporarily suspended in the 2015 liquidation at full or 50%. Among them, if the vehicle meets the ex-factory standard but the object of sale is an affiliated enterprise rather than an end user, and the subsidy is obtained in advance, the central financial subsidy funds involved will be temporarily liquidated. After the vehicle is sold to the end user and applied in practice, the actual delivery and Apply the annual subsidy standard for declaration, and then liquidate it after strict examination by relevant departments. Although the vehicle has been sold to the end user, but it is idle after receiving the financial subsidy (excluding the rental company), it is only settled at 50% of the normal subsidy standard during the liquidation. After one year, the utilization standard is reached and the balance is repaid. If it is still idle after one year, the subsidy will be disqualified and the central financial subsidy fund already disbursed will be recovered.

According to the seriousness of the problem, the Ministry of Finance and the relevant departments will inform the local governments of the provinces where the problem enterprises are located, and ask the local government to further verify the responsibility of the relevant regulatory authorities and staff. If they are suspected of violating the law, they will be handed over to the local administrative supervision department and the public security. The department and the procuratorate handle it. The act of defrauding relevant enterprises to obtain local financial subsidy funds shall be handled by the local authorities with reference to the above-mentioned treatment principles.

Although some “cheat” enterprises have been severely punished, the direction in which the Ministry of Finance vigorously promotes the development of new energy vehicles has not changed. The Ministry of Finance stated that it will jointly issue a supplementary notice with relevant departments, requesting local governments and relevant departments to further review and verify the 2015 annual central financial subsidy fund reporting data submitted by relevant enterprises in accordance with the above-mentioned principles of handling, and actively and steadily prepare for the 2015 Central Committee. Financial subsidy fund clearing work. For the enterprises not covered by the Ministry of Finance, further inspections shall be carried out by the local authorities.

The new energy industry after the regulation will usher in a new support policy. The Ministry of Finance said that it will speed up the revision and improvement of industrial support policies with relevant departments, promptly improve the threshold for entry, guide technological progress, and adopt measures to subsidize the slopes in a timely manner to promote the new energy vehicle industry to enter the healthy track of self-development as soon as possible.

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