Letter of concern about Shenzhen Changfang Group Co.Ltd(300301)
Gem concern letter [2022] No. 96 Shenzhen Changfang Group Co.Ltd(300301) board of directors:
On the evening of January 28, 2022, the annual performance forecast for 2021 (hereinafter referred to as “performance forecast”) disclosed by your company shows that the net profit attributable to the shareholders of the listed company in 2021 is expected to be 227 million to 338 million yuan, and the net profit after deducting non recurring profits and losses is expected to be 303 million to 414 million yuan. Your company’s net profit after deducting non recurring profit and loss in 2019 and 2020 is -440.3702 million yuan and -76.427 million yuan respectively. Our department is concerned about this. Please further explain the following matters:
1. According to the performance forecast, there are signs of impairment of goodwill, machinery and equipment, inventory and other related assets of your company during the reporting period. According to the preliminary test of the company’s financial department, it is estimated that the impairment provision of goodwill, machinery and equipment, inventory and other related assets needs to be withdrawn from about 100 million yuan to 230 million yuan. Your company is requested to disclose the details and amount range of the provision for impairment of various main assets, and in combination with the relevant business development, asset status, operation and performance of relevant entities in 2020 and 2021, add the specific time point of impairment signs, whether the provision for impairment in previous years is sufficient, and the basis for the provision for impairment this time Calculation process and rationality. 2. According to the performance forecast, your company is expected to write back the deferred income tax assets of 35 million yuan to 70 million yuan according to the estimation of the future taxable income. Please supplement your company’s estimation of future taxable income, the prediction basis and rationality of the above-mentioned offset amount of deferred income tax, and explain whether the estimation of possible taxable income in previous years is prudent and whether the relevant profit and loss adjustment is confirmed in time.
3. Please explain whether your company has implemented other risk warnings in accordance with Article 9.4 of the GEM Listing Rules of the exchange in combination with the operation and sustainable operation ability of the company in the last three fiscal years.
Please make a written statement on the above matters, submit the relevant explanatory materials to our department for disclosure before February 11, 2022, and send a copy to the listed company supervision division of Shenzhen Securities Regulatory Bureau.
This is to inform you.
Gem company management department January 29, 2022
