ST Jinzheng receives an inquiry letter on the annual report: whether the performance adjustment is made through unreasonable recognition of costs and impairments – yqqlm

　　ST Kim JongOn May 23, the Shenzhen Stock Exchange’s annual report inquiry letter was received and asked why the operating cash flow was different from theOperating income、net profitInconsistent change trends and other 6 aspects of the problem.

The annual report shows that the company achieved operating income of 9.316 billion yuan during the reporting period, net profit attributable to the parent of -574 million yuan, and net cash flow from operating activities of 488 million yuan.The company is required to explain the reason and rationality of the continued negative net profit, whether it is consistent with the industry development trend, and whether the company’s ability to continue operating There are significant uncertainties and the countermeasures to be taken, whether there is any unreasonable cost recognition and impairment, etc.performanceadjustment situation. And explain the reasons and rationality of the inconsistency between operating cash flow and operating income and net profit trends during the reporting period, whether there have been changes in the sales policies and credit policies of various businesses, and whether there are significant differences with comparable companies in the same industry, reasons and rationality.

The annual report shows that at the end of the reporting period, the company’s major lawsuits and arbitrations involved a total of 2.307 billion yuan. The company is required to supplementally disclose the litigation status as of the date of the reply in the form of a list, including but not limited to the basic information of the litigation, the amount involved, the progress of the litigation, the outcome and impact of the litigation, the execution of the litigation judgment, and the date of disclosure (if applicable). It also explained the situation and basis of the provision of estimated liabilities for various litigation matters, whether it complies with the principle of prudence, and whether it complies with the provisions of the Accounting Standards for Business Enterprises.

(Article source: Interface News)

Article source: Interface News

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Original title: ST Jinzheng Collection Annual Report Inquiry Letter: Was asked whether performance adjustments were made through unreasonable recognition of costs and impairments