Home » HBP Annual Report Inquiry Letter: Are There Other Monetary Fund Restrictions and Liquidity Risks?

HBP Annual Report Inquiry Letter: Are There Other Monetary Fund Restrictions and Liquidity Risks?

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HBP Annual Report Inquiry Letter: Are There Other Monetary Fund Restrictions and Liquidity Risks?


  HBPOn May 10, the Shenzhen Stock Exchange’s annual report inquiry letter was received.It is reported that the closing balance of the company’s operating loans to FortuneLiulinGasCompanyLimited (referred to as “Fudi Liulin”) is 75 million yuan, with an age of more than 5 years, and no provision for bad debts has been made.gaslimited companyshareholderAccording to the Agreement (the “Agreement”), Fudi Liulin will use at least 50% of its distributable profits for profit distribution or repayment of shareholder loans each year. The company was asked to explain whether Fudi Liulin has the ability to repay, whether the provision for bad debts of other receivables is sufficient, and whether there is a significant risk of impairment.

At the same time, the inquiry letter requires the company to combine availablecurrencyCapital, operating and investment capital needs, maturity and repayment arrangements of interest-bearing liabilities, the company’s solvency, etc., explain the reasons for the inability to repay the payables even when the balance of monetary funds is relatively large, and whether there are other restrictions on monetary funds, Whether the company has liquidity risk; combined with the specific items of the product in process, the basis of the net realizable value, and the impairment test process, explain the reason and rationality of the significant increase in the balance of the product in process without any provision for impairment.

(Article source: Interface News)


Article source: Interface News

Responsible editor: 3

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Original title: HBP Annual Report Inquiry Letter: Are There Other Monetary Fund Restrictions and Liquidity Risks?

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