For the first time HuaLing star horse r&d capitalization or do baoding increase

Constant increase scheme is yet to be the examination and approval, HuaLing star horse (600375. SH) has been proposed for the project will be offering development expenditure capitalization processing, this helps the slowdown in the first half of the company net profit glide speed, or for the escort will increase.
Reporters have found that from 2000 to 2011, HuaLing star horse assets in the balance sheet "development expenditure" item has been is 0, to at the end of the first half of 2012, the "development expenditure" item but into 61.0168 million yuan.
HuaLing star horse only in 2012 NianZhongBao, says 61.0168 million yuan "development expenditure" is originated in the first half of the increase of r&d project. "This project is currently set to increase the annual output of 50000 sets of heavy truck engine project". This afternoon, HuaLing star horse bond department staff on the phone told reporters.
According to HuaLing star horse October 16 issued by the non-public issuance of stocks plan (the) ", the company will be fixed price increased by not less than 10.55 yuan to not less than 7.35 yuan, the number of issued not more than 180 million shares, the total need to recapitalise no more than 1.365 billion yuan, the proposed to raise funds for all "annual output of 50000 sets of heavy truck engine project".
Promulgated by the China's 2006 years of the accounting standards for enterprises - intangible assets "regulation, the enterprise internal research and development project expenditure should be divided into research stage and development stage and treatment respectively, the phase of the expenditure shall be expensing included in the current profits and losses, that is listed as" r&d expenses "; The development stage of the expenditure shall satisfy the relevant conditions in the capitalization, that is listed as "development expenditure". According to accounting expert introduction, in the ordinary circumstances, the same term r&d spending, capitalization ratio is higher, corresponding r&d cost is lower, which led to the net profit increase.
A doubt, in the last 11 years, HuaLing star horse not to r&d expenditure capitalization processing, even is put into production, the original offerings for project "annual output of 30000 sets of heavy truck project" is not for capitalization processing, the company why to "annual output of 50000 sets of heavy truck engine project" capitalization processing?
The above staff, told reporters, "annual output of 50000 sets of heavy truck engine project" in January this year approved, some of the research and development expenditure according to relevant accounting standards included in the "development expenditure", it is to comply with relevant provisions.
It is worth noting that HuaLing star horse in the first half of this year net profit for 111 million yuan, a 71.5% decline from, if HuaLing star horse before continuing accounting way, will research and development expenditure full expensing, the company in the first half net profit or for 49.8817 million yuan, up 87.19% believe that it may be.
According to another HuaLing horse is expected to star, the company in 2012 in September 1 - the realization of shareholders of a listed company belongs to the net profit will than the same period last year decreased by more than 50%.
On October 22, HuaLing star horse shares closed at 8.08 yuan/share, the company set out that day increasing scheme (on February 22, 2012) fell 38.84%.