Because of the fraudulent way to win the bid, Shandong Baicheng Tax Service Co., Ltd. *** (hereinafter referred to as "Baicheng Tax") was recently blacklisted by China Everbright Environment (Group)**.
On 30 November, China Everbright Environment (Group)** disclosed information on its bidding and procurement trading platform that Baicheng Tax was blacklisted by Everbright Environment due to collusive bidding, illegal bidding in the name of others or other fraudulent bidding in the bidding process.
*: Baicheng Tax Notice.
According to the notice, the end time of Baicheng Tax's penalty is permanent, and the scope of punishment is Everbright Environment and its subordinate units, which also means that Baicheng Tax will not be able to participate in bidding in Everbright Environment and its subordinate units in the future.
According to public information, China Everbright Environment (Group)** is the industrial flagship enterprise of China Everbright Group Co., Ltd., and a listed company on the main board of the Hong Kong Stock Exchange (257.).Since its transformation into the environmental field in 2003, the company has gradually grown into the largest environmental enterprise in China, a leading environmental protection enterprise in Asia, the world's largest waste-to-energy investment and operator, and a world-renowned environmental group.
Baicheng Tax is a domestic tax consulting industry service provider, with many years of providing professional tax risk solutions for large enterprise groups in power, finance, chemical, machinery manufacturing, real estate and other industries.
The company was listed on January 11, 2016 in the national small and medium-sized enterprise share transfer system, the company's legal representative is Dong Hua, and the controlling shareholder and actual controller is Zhu Ziyong.
What will be the negative impact of being permanently blacklisted by Everbright Environment on Baicheng's tax performance?Unknown. However, the semi-annual report released by Baicheng Tax shows that the company's performance is now facing a sharp decline.
According to the 2023 semi-annual report released by Baicheng Tax, the company achieved operating income of 3588 in the first half of the year480,000 yuan, down 12 from the same period last year21%, and the net profit attributable to shareholders of the listed company was 429660,000 yuan, while the net profit in the same period last year was 821720,000 yuan, a sharp decrease of 47 from the same period last year71%。The gross profit margin of Baicheng Tax also increased from 42 in the first half of last year34%, down to 36 today22%。