Letter of concern about Netposa Technologies Ltd(300367)
Gem concern letter [2022] No. 91 Netposa Technologies Ltd(300367) board of directors:
On the evening of January 28, 2022, your company disclosed the performance forecast for 2021. It is estimated that the net profit attributable to the shareholders of the listed company in 2021 (hereinafter referred to as “net profit”) will be – 1 billion yuan to – 1.35 billion yuan, and the owner’s equity attributable to the shareholders of the listed company at the end of 2021 (hereinafter referred to as “net assets”) will be – 1.3 billion yuan to – 900 million yuan, There is a risk that delisting risk warning may be implemented. Our department is concerned about this. Please verify and explain the following matters:
1. The announcement shows that your company has increased the bad debt provision proportion of the expected credit loss model and the bad debt provision of receivables, resulting in a significant increase in credit impairment loss compared with the same period of last year. The expected credit impairment loss is 400 million yuan to 500 million yuan. Please explain in detail the reasons for the increase of bad debt provision proportion of accounts receivable in this period, whether the provision of bad debt provision in the early stage of your company is sufficient and reasonable, and whether it needs to be adjusted retroactively, in combination with the increase and recovery of accounts receivable in this period, the change of migration rate of accounts receivable of each aging compared with the same period last year, and the change of repayment ability of relevant debtors.
2. The announcement shows that your company has made impairment provision for long-term assets and financial assets with signs of impairment, and the impairment is expected to be about 200 million yuan. Your company is requested to itemize the details of the impairment of long-term assets and financial assets, including the name of the assets, the reasons for the impairment, the amount of impairment accrued in the previous period and the expected amount of impairment in the current period, and explain whether there are significant changes in the accounting policies and determination basis of the provision for the impairment of long-term assets and financial assets compared with the same period of the previous year, and in combination with the production and operation of your company The operating status of relevant financial assets indicates the specific time point of impairment signs, and whether the provision for impairment in previous periods is sufficient.
3. According to the announcement, the impact of non recurring profits and losses on net profit during the reporting period was about – 260 million yuan, mainly due to the expected losses of shareholders’ litigation and illegal guarantee. Your company is requested to supplement the details of the current estimated liabilities, the basis of the current period and the sufficiency of the previous period in combination with the progress of the guarantee.
Please make a written statement on the above matters, submit the relevant explanatory materials to our department and disclose them to the public before February 15, 2022, and send a copy to the listed company supervision department of Beijing Securities Regulatory Bureau.
At the same time, remind your company that listed companies must earnestly and timely fulfill the obligation of information disclosure in accordance with national laws and regulations and the Shenzhen Stock Exchange GEM Listing Rules. All members of the board of directors of a listed company must ensure that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions, and bear individual and joint liabilities for their guarantee.
This is to inform you.
Gem company management department
January 29, 2022
