On February 7, the Shanghai Stock Exchange issued an inquiry letter on matters related to Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) financial data.
According to the inquiry letter, on January 29, 2022, Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) issued the annual performance forecast for 2021. According to the performance forecast, the company expects an operating revenue of 3.747 billion yuan and a net profit of 79 million yuan to 118 million yuan. According to the third quarterly report of the company in 2021, the non net profit deducted by the company in the first three quarters was 57 million yuan, turning losses into profits; Only in the third quarter, the operating revenue was 1.011 billion yuan, and the deduction of non net profit was 94 million yuan. according to preliminary calculation, the net profit deducted from non net profit of the company decreased sharply in the fourth quarter of 2021. please further verify and disclose the following matters:
According to the requirements of the inquiry letter, combined with the trend of bulk product industry related to the company’s business in 2021, fully explains the reasons for the significant difference between the data and operating performance in the fourth quarter and the third quarter of 2021. ask the company’s accountant to express his opinion.
According to the requirements of the inquiry letter, the company is requested to carefully verify whether there are major misstatements in the third quarter report, including but not limited to whether there are false increases in revenue, under counting costs, expenses, etc; If yes, explain the reasons for the misstatement, correct the relevant data immediately, and investigate the relevant responsible person. The company’s accountants are invited to express their opinions.
Since the third quarter of 2021, the company’s share price has risen sharply and fluctuated abnormally for many times. The company is requested to combine the misinformation of previous performance, misleading investors and maliciously hyping the ticket transactions of supervisors, senior managers and relevant parties.
In addition, the inquiry letter said that the company disclosed the announcement on the advance increase of annual performance in 2021 on January 29, 2021. The company announced that the net assets changed from negative to positive and the net assets changed from negative to positive. However, the accountant of the company issued a special statement that according to the provisions of the accounting standards for business enterprises, The company reversed 72.5% of the bad debt reserves of the accounts receivable from Chengxing group and its related parties accrued in 2020, resulting in insufficient basis for the confirmation of net assets. Please correct the performance forecast as soon as possible with the attitude of being responsible to investors, and earnestly safeguard the interests of listed companies, small and medium-sized companies and small and medium-sized shareholders. After the correction of the company’s performance forecast, the net assets are expected to be negative, and there is a risk of termination of listing. We should fully remind the existing risks and avoid misleading investors.
On the secondary market, Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) 7 closed up 5.09% to 5.99 yuan.
