Two listed Xiamen companies receive inquiry letters after annual reports
Southeast Net, May 20th (Straits Herald reporter Zhong Ronghua) Just after publishing the annual report, he received an inquiry letter asking for an explanation! Recently, two Xiamen-listed companies, Annie Co., Ltd. and Yilianzhong, have received inquiries from the Shenzhen Stock Exchange.
Annie Shares
Accounts receivable account for a large proportion
On May 16, the Shenzhen Stock Exchange issued an inquiry letter to Annie’s annual report, paying attention to five aspects such as the large proportion of its accounts receivable. It turned out that as of the end of last year, the book balance of Annie’s accounts receivable was 235 million yuan, of which 60.16% were aged over 3 years. The inquiry letter required the company to combine the type of income, etc., to explain that accounts receivable aged over 3 years accounted for 60.16%. Reason and rationale.
In addition, as of the end of last year, the balance of Annie’s prepaid accounts was 60.4543 million yuan, a year-on-year increase of 279.64%, of which the top five prepaid accounts accounted for 93.46%. The inquiry letter requires the company to explain the reasons and necessity for the increase in prepaid accounts; and to explain the specific content, business background, unit name, time of occurrence, aging period, provision for bad debts, etc. of other receivables from customers, and Whether the relevant transaction has commercial substance and whether it constitutes a non-operating transaction.
Yilianzhong
Why has employee compensation soared?
On May 18, Yilianzhong also received the Shenzhen Stock Exchange’s annual report inquiry letter, requesting to reply to the company’s operating performance, related transactions, research and development expenditures and other 8 aspects. For example, the company is required to explain in detail the basis and fairness of the pricing of the relevant equity transfer transaction in combination with the assets, liabilities and transaction evaluation of the target company, and whether it has conveyed benefits to related parties; explain the reasons for the decline in revenue but the significant increase in expenses during the period and its rationality; Combined with the number of employees, salary level and the average salary of comparable companies in the same industry, it explains the reasons for the significant increase in employee compensation.