Dalian Sunasia Tourism Holding Co.Ltd(600593) (600593, SH) Penguin sales data released last year. In response to the inquiry of the Shanghai Stock Exchange, the company revealed that 114 penguins were sold in 2021, with a sales amount of more than 48 million yuan. However, this income can only be included in the income from asset disposal in batches or as a “revenue deduction item”. Fortunately, the sharp recovery in the business of the scenic spot has stirred up the beam of Dalian Sunasia Tourism Holding Co.Ltd(600593) last year’s revenue.
According to the disclosure of Dalian Sunasia Tourism Holding Co.Ltd(600593) , the non-standard matters involved in the company’s 2020 annual report have been gradually eliminated, and the prospect of shell preservation seems to be very bright.
scenic spot operation and Penguin sales rose sharply year-on-year
According to Dalian Sunasia Tourism Holding Co.Ltd(600593) , the company’s revenue sources in 2021 are mainly composed of scenic spot operation, commercial leasing, self operated commerce, exhibition services, animal management, etc. Among them, the operating income of the scenic spot was 132 million yuan, with a year-on-year increase of 101.22%, and the gross profit margin was 9.11%, with a year-on-year increase of 32.59 percentage points. “In 2021, with the mitigation of covid-19 epidemic, the company’s scenic spot ticket and annual card revenue increased significantly compared with 2020.” Listed companies said.
At the same time, Dalian Sunasia Tourism Holding Co.Ltd(600593) commercial leasing, self operated commerce and exhibition services achieved operating revenue of 13.1047 million yuan, 7.8266 million yuan and 12.3519 million yuan respectively.
In addition, the company’s animal business achieved an operating income of 38.8527 million yuan. At the same time, the company explained that “the output of 6001 penguins increased in 2023, and the output of 6001 penguins increased accordingly”.
According to the Dalian Sunasia Tourism Holding Co.Ltd(600593) announcement, the recovery of scenic spot business has become the main support for the year-on-year growth of the company’s operating revenue last year. Although the company’s animal business represented by Penguin sales also increased significantly year-on-year, its contribution to the company’s shell preservation is limited.
The reporter of the daily economic news noted that Dalian Sunasia Tourism Holding Co.Ltd(600593) sold 114 penguins last year, with a total sales amount of about 48.86 million yuan. 34 of them are counted as production Penguin sales, and the sales revenue is included in the income from asset disposal; 80 penguins are counted as the sales of consumer penguins, and the sales revenue is included in the operating revenue.
The listed company said that its 2020 annual audit accountant zhongxingcai Guanghua Certified Public Accountants (special general partnership) recognized the sales revenue of expendable biological assets as new sales revenue. At the same time, it believed that its nature was special and might affect investors’ normal judgment on the company’s sustainable operation ability and profitability. For prudence reasons, In 2021, the company still takes the sales revenue of consumptive biological assets as the deduction item of revenue.
participating subsidiaries agree to accept the annual review
Earlier, Dalian Sunasia Tourism Holding Co.Ltd(600593) disclosed the performance forecast on January 26. It is estimated that last year’s net profit loss was 160 million yuan to 240 million yuan, and the net profit loss after deduction was 100 million yuan to 150 million yuan. Compared with the net profit, investors pay more attention to the operating income of Dalian Sunasia Tourism Holding Co.Ltd(600593) last year. According to relevant regulations, if one of the circumstances occurs in Dalian Sunasia Tourism Holding Co.Ltd(600593) 2021, such as “the net profit is negative and the operating income is less than 100 million yuan” or “the financial and accounting report is issued with an audit report with no opinion or negative opinion”, the listing of the company’s shares will be terminated.
In the performance forecast, Dalian Sunasia Tourism Holding Co.Ltd(600593) is expected to realize an operating income of 204 million yuan last year, and the operating income after deducting the business income irrelevant to the main business and the income without commercial substance is about 170 million yuan. If the performance can be settled, Dalian Sunasia Tourism Holding Co.Ltd(600593) has a high probability of shell preservation.
With the example of the company’s plan to include 18.76 million yuan from the sales of 44 penguins into the operating revenue (eventually eliminated) in 2020, the outside world also doubts the quality of the operating revenue in Dalian Sunasia Tourism Holding Co.Ltd(600593) 2021. The Shanghai stock exchange quickly sent a letter asking the company to disclose the operating income, operating costs, gross profit margin and year-on-year changes of sub products.
Dalian Sunasia Tourism Holding Co.Ltd(600593) said in the reply to the announcement that after deducting the business income irrelevant to the main business and the income without commercial substance from the company’s operating income in 2021, there is no income from new trade business or financial business, the transaction price is fair, there is less income from related parties, and there is no situation irrelevant to the main business or without commercial substance. The company’s annual audit accountant also said that the company’s revenue deduction items comply with the relevant provisions of operating revenue deduction. At present, it is not found that the company has other income that meets the definition of “business income irrelevant to the main business and income without commercial substance”.
It is worth mentioning that due to the lack of access to the financial data of the participating company Sanya whale World Aquarium (hereinafter referred to as Sanya whale world), Dalian Sunasia Tourism Holding Co.Ltd(600593) 2020 annual report was issued with a qualified opinion by ZTE caiguanghua. At present, this factor has also been solved. The listed company disclosed in its reply to the announcement that after preliminary communication, Sanya whale world has agreed to cooperate with the company to contact the company’s financial information. The company and Lixin Zhonglian, the 2021 annual audit accountant, have gone to Sanya whale world to check the site, obtain financial statements, consult accounting books and understand relevant financial information. At present, the relevant work has not been completed.
