Is there a situation in which the funds of listed companies are disguisedly used to convey benefits to the controlling shareholders? ST Longyun receives annual report inquiry letter_ Oriental Fortune Net

May 13,ST Long YunReceived the annual report inquiry letter issued by the Shanghai Stock Exchange, and was asked aboutOperating income、performanceCommitment, related party transactions and other 6 aspects.Among them, the inquiry letter pointed out that the annual report disclosed that the company returned to its parent during the reporting period.net profitA year-on-year decrease of 191.34%, comprehensive grossinterest rateA year-on-year decrease of 9.69 percentage points. As of 2021, it has lost money for three consecutive years.At the same time, the advertising businessinterest rateOnly 1.02%, of which the gross profit margin of the media agency business, which accounts for nearly 40% of operating income, is close to 0, a decrease of 12.65 percentage points from the previous year and a decrease of 3.84 percentage points from 2019; the company is required to combine changes in the composition of major customers, pricing strategies, and costs. Composition and changes, analyze in detail the main reasons for the large fluctuations in the gross profit margin of the advertising business in the past three years; combined with the major financial data and operating conditions such as net profit in the past three years, fully evaluate whether there are significant uncertainties in the ability to continue operating and prompt risks.

The annual report disclosed that during the reporting period, the company purchased short videos of 116 million yuan and media resources of 17.7 million yuan from Yuheng Films, a joint-stock company. Yuheng Films is a listed company.shareholderAn enterprise controlled by Duan Peizhang; it is required to supplement the disclosure of the specific content of the transaction with Yuheng Films, including the transaction background, transaction pricing, the proportion of similar transactions, and combined with the listed company’s business operations and market comparable transaction prices, explain the pricing of related party transactions. Reasonableness and fairness, whether there is any situation that damages the interests of the company; whether there is a situation in which the listed company’s funds are disguisedly used to transfer benefits to its controlling shareholders, and whether the interests of the listed company are damaged.

(Article source: Interface News)

Article source: Interface News

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Original title: Is there a situation in which the funds of listed companies are disguisedly used to convey benefits to the controlling shareholders? ST Longyun receives annual report inquiry letter