海量财经 | 8000万元黄金全部“蒸发”？黄金疑云下的金斯达被指虚列研发费用偷税

Core Viewpoint - The case of Shenzhen Jinsda Applied Materials Co., Ltd. highlights significant tax evasion through fraudulent reporting of research and development expenses, particularly involving gold materials, leading to a total penalty of 36.18 million yuan [1][7]. Group 1: Tax Evasion and Financial Misconduct - Jinsda Company falsely declared expenses related to gold materials in R&D, resulting in an underpayment of corporate income tax amounting to 16.21 million yuan [1][7]. - The company reported over 80 million yuan in gold as direct material costs, which raised suspicions due to the lack of corresponding product output or waste recovery records [3][5]. - Investigations revealed that the actual loss during gold refining was negligible, contradicting the company's claims of significant losses [5]. Group 2: Systemic Risks and Industry Context - Jinsda's financial irregularities are part of a broader pattern, as its affiliated company, Jinhui Technology, has been listed as a dishonest executor, indicating systemic risks within the group controlled by Wang Zhiliang [8]. - The semiconductor packaging materials industry faces challenges such as low gross margins and high R&D costs, with leading companies typically maintaining R&D expense ratios between 10% and 15% [9]. - If the inflated gold expenses were genuine, they would significantly increase costs and compress profit margins, leading to potential cash flow discrepancies and financial crises [9].