Chapter 2485: Audit Report

Liu Yunqing's audit report came out two days later. Su Xinghui looked at the audit report, and the problems at the Yanfang Group were indeed very serious.

For example, three years ago, the Guangda Trading Company imported a batch of low-grade cotton from a province in the south, and mixed in a lot of recycled cotton, cotton linters, and other debris. The purchase price was very low, but they sold this batch of thousands of tons of cotton to the Yanfang Group at the price of high-grade cotton, and the price difference reached over ten million yuan.

And things like this didn't just happen once or twice, but basically happened every year.

Of course, low-grade cotton doesn't mean it can't be used, but it greatly increased the production cost of the Yanfang Group, and just on this alone, they lost quite a bit every year.

And the Yanfang Group often sold its products to the Guangda Trading Company. Originally, they were first-class products, but they were sold to the Guangda Trading Company at the price of defective products. The Guangda Trading Company resold them and could earn a price difference of several million to ten million yuan, and they even saved on train cars and warehouses, directly letting the Yanfang Group send them to their customers.

Besides the Guangda Trading Company sucking blood from the Yanfang Group unscrupulously, the leaders of the Yanfang Group were not fuel-efficient lamps either. They also set up companies one after another, some were the Yanfang Group's tertiary industry companies, and some were their private companies, also sucking blood from the Yanfang Group unscrupulously.

With so many big parasites and small parasites sucking blood from the Yanfang Group, no matter how thick the Yanfang Group's family foundation was, it couldn't withstand such tossing. Thus, within a few years, the Yanfang Group was already on its last breath. ===== CHAPTER 2487 =====