上一篇文章意猶未盡,然後讀者和我談談一些問題,他的回覆是,看來他很擔心這間公司喜歡玩報表和稅的問題:
「Thanks for the highly comprehensive report. 新華文軒 is one of my top 5
holdings. The more i know the more i feel uneasy about it. I think 文軒 is
a relative \'clear\' stock agmonst those state owned stocks. But there
are still tooooo many accounting tricks inside . Tax will become 25pct
beginning from year 2015 (current is zero). 特殊收益 is almost at high
range 25~50 pct of total earning . If 文軒 cannnot enjoy extended tax
and 特殊收益 after expiry, the earning will be quite ugly...unless real
earning can catch up ....good luck 」