Eratat Lifestyle

[Greenrookie]

Here are my observations on the two links:

a) http://app.jinjiang.gov.cn/gkxxw/dwgk/ne...p?id=33846
b) http://www.jjjjb.com.cn/html/2013-03/25/...371993.htm

1) Chendai town (陈埭镇) is a town under Jinjiang City (晋江市),
2) Jinjiang City is under Quanzhou City (泉州市)
3) “Fujian Eratat”, “Haimingwei” and “Wangshida” are all in Chendai Town
4) “Quangang Hongli” is in Shanyao Town, Quangang District, Quanzhou City.
5) Link a) covers taxpayers (with above RMB 2 million tax paid) in Chendai Town ONLY, in 2012 ; “Haimingwei” and “Wangshida” were not on the list ( implying amount of tax paid was less than RMB 2 million ) ; “Fujian Eratat” paid between RMB 5 to 8 million of tax ; “Quangang Hongli” is not located in Chendai Town and therefore not on the list.
6) Link b) covers only taxpayers (with above RMB 10 million of tax paid) in Jingjiang City ONLY, which include Chendai Town ; All 3 subsidiaries of Eratat were not on the list as no one paid above RMB 10 million in taxes according to link a) ; “Quangang Hongli” is not located within Jingjiang City and therefore not on the list.

(Not Vested)

Wow!! Boon, u know china at the back of your hand! Anyway, it points to the same conclusion that something is amiss. I can't remember the actual figure, by from the footnote of 2012 AR, haimingwei supposed to have pay income tax in excess of 10million. Wanshida is dormant company iirc. As a group, they should have paid 49 mio income tax. Haimingwei do the bulk of the business, quanzhou subsidiary used to be dormant.