Recently, it was learned that Sichuan Languang Development Co.Ltd(600466) on January 28, the company announced that it had received an inquiry letter from the Shanghai Stock Exchange on matters related to the company’s performance forecast. The reason is that Sichuan Languang Development Co.Ltd(600466) disclosed the pre loss announcement of performance, which said that the net profit attributable to the parent company is expected to be about -12.037 billion yuan in 2021, and the net profit attributable to the parent company after deducting non profits is about -11.273 billion yuan, which is turned from profit to loss year-on-year, and the amount of loss is significantly larger than that in the third quarter. The performance loss in advance is mainly due to the provision for asset impairment, operating loss and asset disposal.
Therefore, the Shanghai stock exchange requires that Sichuan Languang Development Co.Ltd(600466) should explain the specific reasons and rationality of the significant loss in the fourth quarter of 2021 in combination with the project carry forward and other operating conditions of the real estate business, and whether there is profit adjustment such as the cost should be carried forward but not carried forward in the first three quarters; Supplement and list the specific amount of the provision for impairment of each item in the inventory, and explain the reason and rationality of the provision for large impairment in the current period in combination with the location distribution, development, sales progress, market supply and demand and other factors of the project; Disclose the method and process of the above asset impairment test, and explain whether the amount withdrawn is accurate and appropriate, and whether it complies with the provisions of the accounting standards for business enterprises; Combined with the provision for inventory impairment in recent three years, explain whether the relevant policies for the provision for inventory impairment in this period are consistent with those in the previous period, and whether the provision in the previous period is not timely and sufficient
In addition, the Shanghai Stock Exchange also requires Sichuan Languang Development Co.Ltd(600466) to disclose the specific reasons and rationality of the decline in real estate business income in combination with the regional layout of real estate business, the construction, sales and delivery of various projects, and the situation of comparable companies in the same industry; In combination with factors such as land acquisition cost, construction and installation cost, real estate sales price and the situation of comparable companies in the same industry, explain the reasons and rationality of the sharp decline of the company’s gross profit margin, and whether there is a trend or risk of further decline; Supplement the changes in the capitalization rate of financial expenses in recent three years and its impact on financial expenses; In combination with the debt repayment situation, supplementary disclosure has been made on the progress of debt resolution so far, and what measures the company plans to take in the future to improve liquidity and profitability; List the difference between the transaction price and book cost of the disposed assets, and indicate whether the impairment provision of relevant assets in the previous period is sufficient
