Securities code: 300178 securities abbreviation: * ST tengbang Announcement No.: 2022-014 Tempus Global Business Service Group Holding Ltd(300178)
Letter on paying attention to the growth enterprise market of Shenzhen Stock Exchange [2022]
Reply to Announcement No. 53
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete without false records, misleading statements or major omissions.
Tempus Global Business Service Group Holding Ltd(300178) (hereinafter referred to as “tengbang international” or “the company”) received the notice on Tempus Global Business Service Group Holding Ltd(300178) issued by Shenzhen Stock Exchange (GEM notice [2022] No. 53 (hereinafter referred to as “notice”) on January 25, 2022, asking the company to explain the matters in the notice. The board of directors of the company has carefully checked and implemented the issues concerned in the letter of concern, and the reply to the relevant issues is announced as follows:
1. The performance forecast shows that your company is expected to realize an operating revenue of 1.6 billion yuan to 1.8 billion yuan in 2021, and the operating revenue after deduction is expected to be 1.583 billion yuan to 1.783 billion yuan.
(1) Please explain the main composition of the company’s operating income after deduction, and explain the main contents of the deduction items of operating income, and whether there are items that should be deducted but not deducted as required by the guide for business handling of companies listed on GEM No. 13 – matters related to operating income deduction.
[company reply]:
The main business of the company is business travel service business and financial service business. The deduction items of the company’s operating income in 2021 are rental income, tourism business income and live broadcast e-commerce business income, of which rental income and tourism business income are the same deduction items audited in the previous year, and direct broadcast E-commerce business income is the new business income of the current year and the new deduction items of the current year. Deductions are as follows:
Deduction form of operating income in 2021 (Unaudited)
Description of operating income after deduction of business classification
(10000 yuan)
Financial services 170758.17
Business travel services -349.71 similar deductions in the previous year, deducting rental income of 6 million yuan and tourism business income
10.3484 million yuan
Live broadcast e-commerce – New deductions. The revenue of this year is 1.7324 million yuan, with a deduction of 1.7324 million yuan
Total 170408.46
Deduction form of operating income in 2020 (audited)
Description of operating income after deduction of business classification
(10000 yuan)
Financial services 40479.14
The business travel service is 19067300 yuan, the rental income is 6723300 yuan, and the tourism business income is 114493300 yuan
Total 42385.87
After the comparative analysis between the company and the deduction items of the previous year, And with reference to the provisions of Shenzhen Stock Exchange GEM listed companies business handling guide No. 13 – matters related to operating income deduction: “Business income unrelated to the main business refers to various incomes that are not directly related to the normal operation of the listed company, or are related to the normal operation of the listed company, but due to its special nature, contingency and temporary nature, it affects the users of the statement to make a normal judgment on the company’s sustainable operation ability”, The deduction of the company’s operating income does not have the deductible items required by the guide for business handling of companies listed on the gem No. 13 – matters related to the deduction of operating income.
(2) Please explain whether the renewal and suspension of the payment business license of your subsidiary Shenzhen tengfutong Electronic Payment Technology Co., Ltd. has made the latest progress, and fully remind the risks.
[company reply]:
As of the date of this announcement, the company’s subsidiary Shenzhen tengfutong Electronic Payment Technology Co., Ltd. (hereinafter referred to as “tengfutong”) has no latest progress in the renewal and suspension of the review of the payment business license. On December 23 and 24, 2021 and January 7, 2022, the company disclosed the announcement on the receipt of the notice of suspension of examination of administrative license application by subsidiaries and the supplementary notice on the receipt of the notice of suspension of examination of administrative license application by subsidiaries Announcement on reply to the notice of Shenzhen Stock Exchange on concern letter [2021] No. 529 on the growth enterprise market (Announcement No.: 2021-168, 2021-170, 2022-006). After the renewal and suspension of the review, tengfutong encountered pressure in its operation. According to the current transaction data statistics, the average daily transaction volume has decreased. The company requires the business department to take corresponding measures according to the market changes, and will do a good job in stabilizing the market according to the reorganization progress and the requirements of the regulatory authorities. At the same time, the company will timely carry out information disclosure, risk warning and other corresponding work according to the reorganization progress and the development of tengfutong business. As the company was carrying out reorganization, tengfu applied to the people’s Bank of China to suspend the examination. On December 15, 2021, the company received the civil ruling issued by Shenzhen intermediate people’s Court of Guangdong Province (hereinafter referred to as “Shenzhen intermediate people’s court”), and Shenzhen intermediate people’s court did not accept the application for bankruptcy reorganization. On December 20, 2021, the company filed a lawsuit with the higher people’s Court of Guangdong Province (hereinafter referred to as “Guangyuan”)
The East High Court (“the East High Court”) submitted a civil appeal and applied to the Guangdong High Court for a ruling to accept the bankruptcy petition filed by the company according to law
Whole application. Whether the Guangdong high court supports the appeal request and the final judgment result is still uncertain. Please
Investors invest rationally and pay attention to risks.
2. The performance forecast shows that as of December 31, 2021, the company has paid the receivable from the controlling shareholder tengbang
Group Co., Ltd. (hereinafter referred to as “tengbang group”) and its subsidiary Shenzhen Qianhai Rongyi microfinance
Accumulated provision for asset impairment of equity transfer funds and current accounts of Rongyi Co., Ltd. (hereinafter referred to as “Rongyi”)
703 million yuan will be prepared. Please explain the proportion and basis of asset impairment provision by item, and demonstrate whether it has been fully considered
Considering the assets and liabilities, litigation and reorganization application of tengbang group and Rongyi group
The impact of the court’s ruling on major matters such as inadmissibility.
[company reply]:
As of December 31, 2021, the company has receivable shares from the controlling shareholder tengbang group and its subsidiaries
The right transfer and current accounts were 3.003 billion yuan, and the bad debt provision was 674 million yuan at the end of the period
The amount of bad debt provision is 254 million yuan; The company’s receivable of short-term debt financing vouchers is 144.85 million yuan,
At the end of the period, the accrued bad debt provision was 28.97 million yuan, and the accrued bad debt provision in this year was 1448.50 yuan
Ten thousand yuan. To sum up, the provision for impairment of current accounts of tengbang group and Rongyi was RMB 268 million this year, which had an impact on
Net profit of RMB -68.2 billion.
1. Receivables from equity transfer of tengbang group, related transactions and interest provision for bad debts
At the end of the reporting period, the company’s equity transfer receivable from the controlling shareholder tengbang group was 820 million yuan, with an aging of 2-3 years;
The current accounts receivable from Rongyi, a subsidiary of tengbang group, and the corresponding interest are RMB 2.183 billion, with an aging of less than 4 years.
According to the expected credit loss, the bad debt provision is 164 million yuan and 510 million yuan respectively. The specific calculation process is as follows:
Below:
Unit: Yuan
Bad debt provision is withdrawn for the ending balance of the aging of the company’s funds. Bad debt provision is withdrawn at the beginning of the current year
Name: qualitative proportion closing balance reserve amount reserve balance
Within 1 year 95776824.05 3.00% 2873304.71
Related to 103411437.31 in previous 1-2 years, 10.00% 10341143.73
Rongyilai and Rili 2-3 years 979374161.43 20.00% 195874832.29 171626880.37 338646801.28 interest
3-4 years 1003948003.07 30.00% 301184400.92
Subtotal 2182510425.86 23.38% 510273681.65
Tengbang equity transfer 2-3 years 819562997.04 20.00% 163912599.41 81956299.70 81956299.71 group transfer
Total 3002073422.90 22.46% 674186281.06 253583180.07 420603100.99
The determination method of the company’s expected credit loss is as follows:
Determination of expected credit loss the company assesses the expected credit loss of financial instruments based on single and combination. When assessing the expected credit loss, the company considers reasonable and reliable information about past events, current situation and future economic situation prediction.
When there is no sufficient evidence to evaluate the expected credit loss at a reasonable cost at the level of single instrument, the company refers to the experience of historical credit loss, combined with the current situation and the judgment of future economic conditions, divides other receivables into several combinations according to the characteristics of credit risk, and calculates the expected credit loss on the basis of the combination.
The basis for determining the combination is as follows:
Combination name: basis for determining combination and accrual method
With reference to the experience of historical credit loss, and in combination with the current situation and the expectation of future economic conditions, the bad debt provision is withdrawn individually
Other receivables with expected credit losses shall be separately assessed and classified into other receivables with corresponding portfolio provision for credit losses
Bad debt provision.
In addition to the single withdrawal of bad debts, the comparison table between the aging of other receivables and the credit loss rate of the whole duration shall be prepared according to the historical credit loss experience and in combination with the current situation and all other forecasts of the aging risk portfolio preparation of future economic conditions, so as to calculate the expected credit loss of receivables.
The related transactions between the company and Rongyi and the interest receivable of RMB 2.183 billion were formed by the normal capital transactions of Rongyi as an affiliate of the company. After the equity transfer of Rongyi, tengbang group provided joint and several guarantee liability, and so far, Rongyi has recovered a total of RMB 197.6 million in arrears. In combination with the current situation that tengbang group is actively promoting the reorganization and its high-quality land resources in Shenzhen Hong Kong Science and technology innovation cooperation zone, in the face of the historical opportunity of building a leading demonstration area in Shenzhen and the judgment of future economic conditions, the company uniformly withdraws bad debt reserves according to the aging risk combination method.
Tengbang group owes 820 million yuan to the company due to the acquisition of Rongyi equity. According to the relevant bankruptcy and reorganization debt repayment measures, during the bankruptcy and reorganization of tengbang group, tengbang international, as a creditor, declares the creditor’s rights to the manager of tengbang group. After the above creditor’s rights are determined and confirmed by the court, they can be paid off according to the repayment scheme of similar creditor’s rights in the draft reorganization plan of tengbang group. In the future, by continuing to perform the equity transfer contract, the equity transfer price of RMB 820 million will be recognized as a mutual benefit debt, which will be paid off in cash by the formal restructuring investor at that time. Based on the current situation and the judgment of future economic conditions, the company uniformly withdraws bad debt reserves according to the aging risk combination method.
2. Provision for impairment of short-term debt financing vouchers receivable
At the end of the reporting period, the short-term debt financing certificate of Rongyi in the company’s debt investment was 144.85 million yuan. The company and its subsidiaries purchased the short-term financing certificate issued by the subsidiary Rongyi in Qianhai Stock Exchange Center (Shenzhen) Co., Ltd. in December 2017 and may 2018 respectively. After expiration, it has been extended for one year. Up to now, the short-term financing certificate has expired. The specific calculation process is as follows:
