On January 30, the first management department of listed companies of Shenzhen Stock Exchange issued a concern letter to Minsheng Holdings Co.Ltd(000416) . According to the third quarter report disclosed by the company, in the first three quarters of 2021, the company only realized an operating revenue of 26.31 million yuan and a net profit after deduction of – 2.65 million yuan. However, the company expects to realize an operating revenue of 56.6 million yuan and a net profit after deduction of 52.1 billion yuan in 2021.
Shenzhen stock exchange requires the company to explain the reasons for the significant increase in operating revenue in the fourth quarter compared with the previous three quarters, whether the relevant revenue recognition basis and amount comply with the relevant provisions of the accounting standards for business enterprises, and whether there is any situation of sudden recognition of revenue at the end of the year or early recognition of revenue in combination with the development of pawn business and insurance brokerage business in the fourth quarter.
