Letter of concern about Minsheng Holdings Co.Ltd(000416)
Attention letter of the company Department [2022] No. 104 Minsheng Holdings Co.Ltd(000416) the board of directors:
On January 29, 2022, according to the performance forecast for 2021 disclosed by your company, your company expects to achieve an operating revenue of 56.6 million yuan in 2021, with a net profit attributable to the parent of 15.1 million yuan and a net profit attributable to the parent of 5.21 million yuan after deduction. The main reason for the performance change is that under the continuous impact of covid-19 epidemic, the change of macro environment leads to the company’s operating difficulties, resulting in the decline of income and the decline of the fair value of other non current financial assets invested by the company. Our department is concerned about this. Please explain the following issues.
1. According to the announcements disclosed by your company on May 27 and November 20, 2021, the US dollar bonds issued by Oceanwide Holdings Co.Ltd(000046) overseas subsidiaries purchased by your company with its own funds of US $3.6844 million and RMB 43 million respectively, and the private placement funds issued by Minsheng trust have not been cashed as scheduled. As of January 6, 2022, only US $539400 of interest had been received for us dollar bonds; For private placement funds, only 13.3951 million yuan of principal and interest have been received, and the remaining 30.1 million yuan of principal and corresponding income have not been received. Please explain your company’s provision for impairment of the above investment products, including but not limited to the basis, amount, calculation process and compliance.
2. According to the third quarter report disclosed by your company, in the first three quarters of 2021, you only realized an operating revenue of 26.31 million yuan and a net profit after deduction of – 2.65 million yuan. However, your 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. In combination with the development of pawn business and insurance brokerage business in the fourth quarter, please 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 recognition of revenue in advance.
3. The announcement shows that your company expects the amount of non recurring profits and losses during the reporting period to be 9.89 million yuan. Please explain whether the recognition of non recurring gains and losses is accurate and whether the relevant requirements of explanatory Announcement No. 1 on information disclosure of companies offering securities to the public – non recurring gains and losses are met in combination with the specific composition of non recurring gains and losses, the essence of specific transactions or events involved, and the compliance of accounting treatment Whether non recurring items are listed as recurring profit and loss items, and whether the disclosure of non recurring profit and loss is true, accurate and complete.
Your company is requested to make a written explanation on the above issues, submit relevant explanatory materials to our department and disclose them to the public before February 14, 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 I January 30, 2022
