Ministry of Finance: From April 2019 to the end of 2019, Ruixing Coffee inflated its revenue by 2.119 billion yuan

Original title: Ministry of Finance: From April 2019 to the end of 2019, Ruixing Coffee inflated revenue by 2.119 billion yuan. Source: Securities Times·e Company
e company news, the Ministry of Finance has completed the inspection of the accounting information quality of Ruixing Coffee Company’s domestic operating entities. The inspection found that from April 2019 to the end of 2019, Ruixing Coffee Company increased its transaction volume by 2.246 billion yuan (RMB, the same below) through the fictitious commodity certificate business, and inflated its revenue by 2.119 billion yuan (accounting for 5.15 billion yuan of disclosed revenue. 41.16%), inflated costs of 1.211 billion yuan, and inflated profits of 908 million yuan.