Letter of concern about Yango Group Co.Ltd(000671)
Attention letter of the company Department [2022] No. 88 Yango Group Co.Ltd(000671) the board of directors:
According to the performance forecast announcement disclosed by your company on January 29, 2022, the net profit attributable to the shareholders of the listed company (hereinafter referred to as “net profit”) in 2022 suffered a significant loss of 450 million yuan to 580 million yuan, The net profit after deducting non recurring profits and losses (hereinafter referred to as “net profit after deducting non recurring profits and losses”) attributable to the shareholders of the listed company suffered a significant loss of 730 million yuan to 860 million yuan. The main reason for the sharp decline in performance is that your company has accrued large inventory falling price reserves and the settlement scale of real estate business has decreased. Our department is concerned about this and asks your company to check the following matters:
1. In combination with the operation of your company, the region where the real estate is located and the sales situation, explain the specific conditions of the main inventory items for which large amount impairment is accrued, the basis and calculation process of impairment, and the main reasons, compliance and rationality of the centralized large amount provision for inventory depreciation in this reporting period compared with the previous years. The annual audit accountant shall check and give opinions.
2. The performance forecast shows that the amount of non recurring profit and loss of your company is large, which is mainly due to the net profit of 2.5 billion yuan after tax attributable to the shareholders of the listed company when the company exchanged the equity strategy of Shanghai Sunshine Zhibo life Service Group Co., Ltd. for the shares of everything cloud Space Technology Service Co., Ltd. Please explain the main contents of the above equity exchange, the implementation progress of the transaction, the time point and basis of relevant profit and loss recognition, the calculation process of profit and loss amount and relevant accounting treatment, and whether they comply with the provisions of the accounting standards for business enterprises. The annual audit accountant shall check and give opinions. 3. Please explain your company’s interest bearing debt balance, short-term due and overdue debts, analyze your company’s short-term and long-term solvency, and explain whether your company has liquidity risk and whether there is significant uncertainty about your company’s ability to continue operation.
4. Recently, your company disclosed that the shares held by the controlling shareholder Fujian Sunshine Group Co., Ltd. (hereinafter referred to as “Sunshine Group”) in your company were forcibly closed and judicial frozen, and failed to complete the shareholding increase plan due to tight liquidity and other reasons. Please explain the possible impact of relevant risks of controlling shareholders on the production and operation, corporate governance and equity stability of Listed Companies in combination with the current debt risk and liquidity risk of sunshine group.
Please make a written statement on the above issues, submit the relevant explanatory materials to our department for disclosure before February 11, 2022, and send a copy to the dispatched office at the same time. At the same time, remind your company and all directors, supervisors and senior managers to strictly abide by the securities law, the company law and other laws and regulations, as well as the stock listing rules of the exchange, and perform the obligation of information disclosure truthfully, accurately, completely, timely and fairly.
We are writing to inform you that
Shenzhen Stock Exchange listed company management department 1 January 29, 2022
