After issuing the announcement of an advance loss of more than 40 billion yuan in 2021, Suning.Com Co.Ltd(002024) received a letter of concern issued by the Shenzhen Stock Exchange, requiring the company to conclude the operation of the contract industry, explain the reasons for the sharp decline in sales revenue and significant loss in operating performance in the reporting period by quarter, and analyze and explain whether the company has the ability of sustainable operation in combination with the measures it has taken and plans to take.
On January 28, Suning.Com Co.Ltd(002024) released a performance forecast, which said that it was expected to have a net loss of 42.3 billion yuan to 43.3 billion yuan in 2021, with a loss of 4.275 billion yuan in the same period last year; The net loss after non deduction was 43.9 billion yuan to 44.9 billion yuan, and the loss in the same period of last year was 6.8 billion yuan.
Suning.Com Co.Ltd(002024) explained that the reasons for the company’s loss in 2021 include the provision for impairment of relevant assets, the recognition of investment losses, the decline of operating profits, the reversal of deferred income tax, and the impact of non operating profit and loss items such as bond discount repurchase. Without considering the impact of impairment provision, investment loss, deferred income tax reversal and other factors, the company’s net loss in 2021 is expected to be RMB 8.768 billion-9.268 billion.
It is reported that Suning.Com Co.Ltd(002024) made an impairment provision of about 1.3 billion yuan for intangible assets such as trademarks and domain names related to Tiantian express logistics and about 1 billion yuan for Carrefour China in 2021. Shenzhen stock exchange required Suning.Com Co.Ltd(002024) to explain the reason and rationality of the provision for impairment of goodwill in combination with the operation of the two enterprises in recent three years, Whether there is centralized large amount provision for impairment. At the same time, Suning.Com Co.Ltd(002024) in 2021, about 2.65 billion yuan of impairment provision was withdrawn for the stores to which some long-term assets belong as the asset group. The Shenzhen stock exchange required the company to explain the basis and rationality of the amount of impairment provision in combination with the profit and loss of the stores.
For Suning.Com Co.Ltd(002024) last year, the investment loss of about 3.5 billion yuan was recognized for the net loss share of the associated company Shanghai Xingtu Financial Services Group Co., Ltd., and the long-term equity investment impairment provision of about 8.2 billion yuan was withdrawn for the financial services company according to the equity method. Shenzhen stock exchange requires it to explain whether the recognition basis of the above impairment provision meets the provisions of relevant accounting treatment standards in combination with specific business conditions. For the deferred income tax reversal proposed by Suning.Com Co.Ltd(002024) , Shenzhen stock exchange requires it to explain the rationality and compliance of the specific accounting process of the reversal of deferred income tax assets in combination with the business strategy adjustment and specific adjustment reasons of the company’s subsidiaries in 2021.
In addition, the impact of Suning.Com Co.Ltd(002024) non operating profit and loss projects in 2021 is about 1.6 billion yuan, including the impact of Zhuhai Puyi logistics industry investment partnership (limited partnership) acquiring the company logistics assets company and the second bond discount repurchase of 18 Suning bonds. Shenzhen stock exchange requires Suning.Com Co.Ltd(002024) to supplement the specific situation of the impact of the above items on the company’s net profit, and whether there is any situation of delayed information disclosure according to the relevant provisions of the stock listing rules.
