Home » Does the performance progress and the current revenue and cost recognition amount do not match?Jiayu Co., Ltd. receives an inquiry letter for the annual report_ Oriental Fortune Net

Does the performance progress and the current revenue and cost recognition amount do not match?Jiayu Co., Ltd. receives an inquiry letter for the annual report_ Oriental Fortune Net

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Does the performance progress and the current revenue and cost recognition amount do not match?Jiayu Co., Ltd. receives an inquiry letter for the annual report_ Oriental Fortune Net


May 13,Jiayu sharesReceived the annual report inquiry letter issued by Shenzhen Stock Exchange and was asked 6 questions. Among them, the inquiry letter pointed out that the company’s building decoration business includes doors, windows and curtain wall products, of which the revenue of door and window products is 752 million yuan, and the revenue of curtain wall products is 239 million yuan.The revenue of photovoltaic industry chain related business was 264 million yuan, a year-on-year decrease of 25.26%.interest ratewas -8.71%, a decrease of 8.44 percentage points year-on-year.The newly added CSP business in this period achieved a revenue of 157 million yuan, grossinterest rateIt is 22.31%; it is required to explain the above three business income recognition methods and basis respectively, and the top ten incomes will be recognized according to the progress of contract performance.contractwhether the revenue recognition of the aforementioned contracts is accurate, whether there are projects for which revenue is recognized without obtaining external evidence, and projects for which revenue is recognized before the contract is signed, and whether there is a situation where the performance progress does not match the current revenue and cost recognition amount; supplementary explanation The reasons and rationality for the large decline in the revenue and gross profit margin of the building decoration business; explain the reasons and rationality for the negative gross profit margin of the photovoltaic industry chain-related business.

company holdingshareholderA total of 261 million shares of Jiayu Group have been judicially frozen, accounting for 93.02% of its total shares.pledge258 million shares, accounting for 91.88% of its total holdings. The company purchased goods and provided labor services to related parties totaling 31.5879 million yuan, and sold goods to related parties and provided labor services totaling 68.8776 million yuan. The aforementioned related parties are controlled by Jiayu Group. It is required to compare whether there are obvious differences between the company’s purchase and sales from related parties and the company’s purchase and sales from a third party in terms of purchase and sales prices, credit policies, methods of obtaining contracts, and actual receipt and payment time, and on this basis, explain related-party purchases and sales prices. The pricing basis and fairness of the related party purchase and sales business; supplementary description of the above-mentioned related party purchase and sales business fulfillment of review procedures and information disclosure obligations, the necessity of the related party purchase and sales business, the payment and receipt as of the end of the reporting period and the date of the reply, and the provision for bad debts Amount; supplementary description whether there is horizontal competition or potential horizontal competition between Jiayu Group and the company’s business.

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The annual report shows that the book balance of your company’s accounts receivable is 2.268 billion yuan, and the bad debt provision is 1.160 billion yuan. It is required to combine the company’s average recovery rate, migration rate, historical loss rate, forward-looking information adjustment and basis , and compare the selection of relevant parameters of companies in the same industry, demonstrate the rationality of the setting of the bad debt provision ratio of accounts receivable with different ages, and require the accountant to explain the authenticity of the company’s year-end accounts receivable, accounts receivable financing and contract assets , the adequacy of impairment provision.

(Article source: Interface News)


Article source: Interface News

Responsible editor: 92

Original title: Does the progress of the performance of the contract do not match the current revenue and cost recognition amount?Jiayu Co., Ltd. receives an inquiry letter for the annual report

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