Recently, the National Audit Office issued audit results for 2010 financial revenues and expenditures of 15 central enterprises including China Petroleum, Sinopec and China Telecom.
From the audit results, some enterprises have the problem of less calculating profits. Among them, China Electronics Technology Group Corporation has a profit of 140 million yuan, accounting for 2.63% of total profits.
The audit found that some companies caused huge losses due to investment mistakes. Among them, in March 2007, the 13th Research Institute of China Electronics Technology Group Corporation decided to build a semiconductor lighting project through the research and development of the general meeting of the General Electric Power of China. The accumulated investment was 768 million yuan, and the feasibility study report was not realized after the project was put into production. Sales and profit targets, as of the end of 2010, the project has a cumulative loss of 62.28 million yuan.
From the audit results, some enterprises have the problem of less calculating profits. Among them, China Electronics Technology Group Corporation has a profit of 140 million yuan, accounting for 2.63% of total profits.
The audit found that some companies caused huge losses due to investment mistakes. Among them, in March 2007, the 13th Research Institute of China Electronics Technology Group Corporation decided to build a semiconductor lighting project through the research and development of the general meeting of the General Electric Power of China. The accumulated investment was 768 million yuan, and the feasibility study report was not realized after the project was put into production. Sales and profit targets, as of the end of 2010, the project has a cumulative loss of 62.28 million yuan.
Shaanxi Xinlong Metal Electro-mechanical Co., Ltd. , https://www.cnxlalloyproduct.com