Letter of concern about Henan Huaying Agricultural Development Co.Ltd(002321)
Attention letter of the company Department [2022] No. 107 Henan Huaying Agricultural Development Co.Ltd(002321) the board of directors:
Your company disclosed the performance forecast for 2021 on January 29, 2022, which said that it is expected to achieve an operating revenue of 3 billion yuan to 3.2 billion yuan in 2021, an operating revenue of 2.95 billion yuan to 3.15 billion yuan after deduction, a net profit attributable to shareholders of listed companies of – 2.2 billion yuan to – 2.9 billion yuan, and a net profit of – 800 million yuan to – 1.2 billion yuan after deduction of non recurring profits and losses, The owner’s equity attributable to shareholders of listed companies ranges from 1.1 billion yuan to 1.6 billion yuan. On December 22, 2021, the intermediate people’s Court of Xinyang City, Henan Province ruled to approve your company’s reorganization plan. According to the implementation progress of the reorganization plan, the changes in your company’s operating performance during the reporting period were mainly due to the impact of debt restructuring income in non recurring profits and losses, the proposed provision of asset impairment loss for non retained assets in the reorganization plan and other factors, excluding the impact of this part, Your company’s net profit after deducting non recurring profits and losses is still a loss, mainly due to the impact of factors such as liquidated damages caused by overdue default of debt, additional interest and penalty interest, and the provision of some asset impairment losses.
Our ministry is concerned about this. Please verify and explain the following matters.
1. In combination with the latest implementation progress of the reorganization plan, explain in detail the specific accounting treatment and basis of matters related to your company’s bankruptcy reorganization, the specific subjects and amount involved, the impact on your company’s net profit, net assets and other financial indicators in 2021, and whether the relevant accounting treatment is in line with the relevant provisions of the accounting standards for business enterprises.
2. Describe in detail the specific composition and corresponding amount of the operating income in the reporting period, and explain whether the relevant income of your company should be deducted and its judgment basis item by item in accordance with the provisions of 4.2 “matters related to the deduction of operating income” in the guidelines for the self discipline supervision of listed companies No. 1 – business handling of the exchange.
3. Based on the answers to questions 1 and 2, further explain whether your company avoids the risk of stock delisting by means of profit adjustment and improper accounting treatment.
The annual audit accountant is requested to check the above matters and give clear opinions.
Your company is requested to submit relevant explanatory materials to our department for disclosure before February 11, 2022, and send a copy to the dispatched office at the same time. The annual audit accountant is requested to submit the verification opinions and supporting materials to our department and disclose them to the public before February 18, 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, 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 I January 30, 2022
