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How to explain the reasons of failing to publish financial statements by Chinese companies using white guard as execuses
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According to announcement of China Jilin Forest Industry Group Co.,Ltd.(中国吉林森林工业集团有限责任公司), it's been under administration since 18 May 2020.
It claimed that it couldn't publish financial statements for the year ended with 31 Dec 2021 and for the quarter ended with 31 Mar 2022 as it couldn't prepare financial statements with going concern base. Auditor proposed significant impairment loss provision adjustment which had significant impact on accounts.
Due to obstacles brought about by Chinese Communist Party to control CCP virus from 11 Mar 2022, the company's management couldn't complete process required to sign documents.
Shanghai New World (Group) Co., Ltd.(上海新世界(集团)有限公司) and Saic Motor Finance Holding Co., Ltd.(上海汽车集团金控管理有限公司) claimed that they couldn't publish financial statements for the quarter ended with 31 Mar 2022 because, due to obstacles brought about by Chinese Communist Party to control CCP virus, the companies' management couldn't complete due process required to sign documents.Shanghai New World (Group) Co., Ltd. couldn't publish financial statements for the year ended with 31 Dec 2021 for the same reason.
Shanghai Baolong Industry Development Co., Ltd(上海宝龙实业发展(集团)有限公司) claimed that it couldn't publish financial statements for the year ended with 31 Dec 2021 and for the quarter ended with 31 Mar 2022 because, due to obstacles brought about by Chinese Communist Party to control CCP virus, its auditor couldn't complete all the required audit procedures, including bank confirmation procedure, obtaining evidences and field work, to issue appropriate audit opinion on time.
CCP Virus is SARS-COV-2, the virus and unrestricted bioweapon responsible to COVID-19 developed in Chinese Communist military labs by Chinese Communist Party(CCP). This kind of bioweapon is not used for military purpose at military conflicts but for economic and political purposes at peaceful time. Regarding financial market, delayed financial statements damaged timeliness, a qualitative feature of useful financial information, impacted decision makers' assessment and distorted financial market to enrich political officials who want to go back to plan economy. This is CCP dictatorship. Power fight is unrestricted for any tyranny regime. Chinese whoever wants to escape such baseless, ridiculous, recurring and relentless power fight must declare independence from the People's Republic of China.
(CCP General Wei Chen, responsible for leading SARS-COV-2 development in military labs, stood side by side with Jinping Xi the CCP chair, after being awarded medal "People's Hero")
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