Securities code: 600275 securities abbreviation: * ST Changyu Announcement No.: 2022-004 Hubei Wuchangyu Co.Ltd(600275)
Announcement on receiving the inquiry letter on the performance forecast of Hubei wuchangyu Co., Ltd. from Shanghai Stock Exchange
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
On January 28, 2022, Hubei Wuchangyu Co.Ltd(600275) (hereinafter referred to as “the company”) received the inquiry letter on matters related to Hubei Wuchangyu Co.Ltd(600275) performance forecast (szgh [2022] No. 0096, hereinafter referred to as “the inquiry letter”) from the second Department of supervision of listed companies of Shanghai Stock Exchange. The full text of the inquiry letter is as follows: Hubei Wuchangyu Co.Ltd(600275) :
On January 28, 2022, your company submitted an annual performance loss announcement, saying that the operating income in 2021 was 110 million yuan, which was 106 million yuan after deduction, and the net profit before and after deduction was – 28.5 million yuan respectively
Yuan, – 34.5 million yuan. In view of the significant impact of the company’s financial data in 2021 on the termination of the listing of the company’s shares, in accordance with article 13.1.1 and other relevant provisions of the stock listing rules of the exchange, your company is hereby requested to further verify and supplement the disclosure of the following matters.
1、 The company is requested to explain the recognition policies and basis of various incomes in combination with the business model, operation and sales contract terms of the soybean entrusted processing business, whether there is any situation that the income is recognized without meeting the conditions for income recognition, and whether it complies with the provisions of the accounting standards for business enterprises.
2、 The company is requested to explain the customers and suppliers who significantly increased the entrusted processing business of beans in 2021, including but not limited to the name, type and type of products The time of establishment, the time of starting cooperation, historical evolution, main financial status, involving subdivided products, transaction time, transaction amount, settlement by the end of the period, etc., fully explain whether the relevant business income belongs to the “income generated by new trade business in this fiscal year and the previous fiscal year” stipulated in the operating income deduction. Ask the accountant to express his opinion.
3、 The company is requested to disclose the names of the top five customers and suppliers, sales and purchase amount, proportion, product name and type, settlement cycle and method, accounts receivable and payable, goods circulation, etc. of the soybean entrusted processing business, and to explain whether there is any association relationship and other business transactions between the company and the top five suppliers, customers and their final sales customers, Whether the top five suppliers and customers have business or large capital transactions with the company’s controlling shareholders and their related parties, whether there are related party transactions that are not related, and explain whether they comply with the provisions of “operating income deduction”: “income from related party transactions unrelated to the existing normal business operations of listed companies.” Ask the accountant to express his opinion.
4、 The company is requested to supplement and disclose whether the soybean entrusted processing business has complete input, processing process and output capacity, and whether it can independently calculate its costs and expenses and the income generated; Under this business model, whether the company can provide processing or conversion activities for products or services, so as to enhance the value of products or services; Whether the business has significant dependence on customers and suppliers, whether it is sustainable, etc., fully explain whether the relevant business income belongs to the “income generated by business that has not formed or is difficult to form a stable business model” stipulated in the operating income deduction. Ask the accountant to express his opinion.
5、 Please state whether the relevant business of the company is a new trade business, whether the transaction price is fair, and whether there is any situation unrelated to the main business or without commercial substance in accordance with the relevant provisions of operating income deduction one by one. Please fully remind the company of the possible risks of delisting.
6、 The company announced that the annual audit accountant intends to resign in 2021. Please explain the relevant information of the resigned accountant, including the name, the number of years of audit service provided, the type of audit opinion of the previous year, etc; The audit work carried out by the accountant before his resignation; For the specific reasons for the resignation of the accountant, if there are differences with the former accountant in terms of work arrangement, fees, opinions, etc., please explain the relevant information in detail.
7、 Your company should attach great importance to the preparation and disclosure of the company’s 2021 annual report, hire an annual audit accountant as soon as possible and actively cooperate, disclose the annual report on schedule, and ensure that the information disclosure is true, accurate and complete. The annual audit accountant shall strictly abide by the audit standards and other relevant rules and requirements, maintain reasonable professional doubt, formulate necessary, feasible and targeted audit plans and procedures, record relevant matters in detail, strictly perform the quality control review system, issue appropriate audit conclusions, and prudently express special opinions on the deduction of the company’s income.
8、 If the company is suspected of not deducting the operating income in accordance with the regulations and avoiding the termination of listing, our department will timely request to start on-site inspection and other regulatory measures after the disclosure of the company’s 2021 annual report, and impose disciplinary sanctions on the company and relevant responsible persons. If, according to the final on-site inspection results, the company touches on the situation of termination of listing after deducting relevant effects, the bourse will make a decision on the company’s termination of listing in accordance with laws and regulations. Please fully remind the company of relevant risks.
Please disclose this letter to the public immediately after receiving this letter and reply within five working days. The board of directors of your company shall be diligent and responsible, implement the requirements of this letter on time, timely perform relevant information disclosure obligations and protect the rights and interests of investors.
The company attaches great importance to the questions raised in the inquiry letter, and will organize relevant parties to verify the relevant situation, prepare reply documents and fulfill the obligation of information disclosure on time according to the requirements of the inquiry letter as soon as possible.
All information of the company shall be subject to the announcement published on the website of Shanghai Stock Exchange. Please pay attention to the company’s announcement in time, pay attention to investment risks and invest cautiously and rationally.
It is hereby announced.
Hubei Wuchangyu Co.Ltd(600275) board of directors January 29, 2002
