Home Business Asked Sunshine City for four questions about the letter of concern from the Shenzhen Stock Exchange with a loss of 4.5 billion to 5.8 billion last year and asked for a written explanation_Oriental Fortune Net

Asked Sunshine City for four questions about the letter of concern from the Shenzhen Stock Exchange with a loss of 4.5 billion to 5.8 billion last year and asked for a written explanation_Oriental Fortune Net

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On January 29, the Shenzhen Stock Exchange issued aSunshine CityThe letter of concern of the Group Co., Ltd. stated,Sunshine CityDisclosed on January 29, 2022performancenoticeannouncementIt shows that the company will belong to a listed company in 2022shareholderofnet profit(hereinafter referred to as “net profit”) a substantial loss of RMB 4,500,000,000 to RMB 5,800,000,000, and the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses (hereinafter referred to as “net profit after deduction of non-recurring gains and losses”) suffered a substantial loss of RMB 7,300,000,000 to 8,600,000,000 yuan, the main reason for the sharp decline in performance is that your company has made provision for falling prices of large inventories and the scale of settlement of real estate business has decreased. Our department expresses concern about this, and asks your company to check the following matters.

CDC Finance learned from the letter of concern that the Shenzhen Stock Exchange mainly focuses on four aspects.Sunshine CityA verification is made and a written explanation is given.

First of all, combined with the company’s operating conditions, the area where the real estate is located and the sales situation, etc., explain the specific situation of the main inventory items for which a large amount of impairment is accrued, the basis for impairment accrual, and the calculation process. Compared with previous years, this reporting period has a larger concentration The main reasons, compliance and rationality for accruing inventory depreciation reserves. The annual auditing accountant is requested to check and issue an opinion.

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Secondly, the performance forecast shows that the company’s non-recurring profit and loss amount is relatively large, mainly because the company exchanged Shanghai Sunshine Zhibo Life Service Group Co., Ltd.’s equity strategy for the shares of Wanwu Cloud Space Technology Service Co., Ltd., resulting in 2.5 billion attributable to shareholders of the listed company. net profit after tax. Please explain the main content of the above-mentioned equity swap, the progress of the transaction implementation, the time and basis for the recognition of relevant profits and losses, the calculation process of the profit and loss amount and the relevant accounting treatment, and whether they comply with the provisions of the Accounting Standards for Business Enterprises. The annual auditing accountant is requested to check and issue an opinion.

Thirdly, please explain the company’s current interest-bearing debt balance, short-term and overdue debts, analyze the company’s short-term and long-term solvency, and indicate whether the company has liquidity risks, based on the company’s operating conditions, capital status, etc. Whether there are significant uncertainties in the ability to continue as a going concern.

The fourth aspect of concern: Recently, the company disclosed that its controlling shareholder, Fujian Sunshine Group Co., Ltd., was forced to liquidate the company’s shares and was judicially frozen, and failed to complete the increase plan due to tight liquidity and other reasons. Please combine the current debt risk and liquidity risk of Sunshine Group to explain the possible impact of controlling shareholder-related risks on the listed company’s production and operation, corporate governance, and equity stability.

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ShenzhensecuritiesThe Exchange requires Sunshine City to make a written explanation on the above-mentioned issues, submit relevant explanation materials and disclose them to the public before February 11, 2022, and copy them to the dispatched offices at the same time.

(Article source: CDC Finance)

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