Securities code: 002618 securities abbreviation: * ST danbang Announcement No.: 2022-004
Shenzhen Danbond Technology Co.Ltd(002618)
Announcement on the reply to the letter of concern of Shenzhen Stock Exchange
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
The "letter of concern" issued by danbang Technology Co., Ltd. (hereinafter referred to as "letter of concern" issued by Shenzhen Stock Exchange (hereinafter referred to as "letter of concern") on {0022} No. After receiving the letter of concern, the board of directors and relevant departments of the company have checked the issues listed in the letter of concern one by one, and now reply to the relevant matters of the letter of concern as follows:
1. According to the third quarter report of 2021 disclosed by your company, the operating revenue of your company in the first three quarters of 2021 was 49.3226 million yuan and the net profit was - 171 million yuan. Please explain in detail the reasons and rationality of the changes in financial indicators such as operating revenue and net profit in the fourth quarter of 2021, whether the sharp increase in revenue in the fourth quarter is in line with the laws of the industry, and explain the revenue recognition policies and basis of various businesses, whether there is a situation that the total amount method replaces the net amount method to recognize revenue, and whether it is in line with the provisions of the accounting standards for business enterprises.
reply:
In the fourth quarter of 2021, the estimated operating income is about 66.98 million yuan, mainly including 65.37 million yuan of main business income (53.13 million yuan of PI film sales and 12.24 million yuan of FPC sales) and 1.61 million yuan of other business income. The expected loss of net profit in the fourth quarter is 88 million yuan - 138 million yuan, accounting for 34% - 45% of the annual net profit. The main reason for the sharp increase in sales revenue in the fourth quarter is the sharp increase in PI membrane sales. The specific circumstances are as follows: at the beginning of 2021, the company made clear the PI membrane sales plan, accelerated the de stocking of PI membrane, strengthened the sales of PI membrane in China and abroad, and increased the market share of PI membrane. Through continuous cooperation and negotiation with customers in the early stage, two agreements were signed in mid September (see announcement: 2021-099 for details), realizing the sales of PI membrane of 63.3 million yuan; In the fourth quarter of 2021, the nationwide power and production restriction led to a sharp rise in the chemical raw materials required by PI and a sharp rise in cost pressure. In order to maintain a good customer relationship, it will be sold at the agreed price before 2022, and the price will be increased from 2022. The company recognizes revenue in accordance with the accounting standards for business enterprises: domestic sales: revenue is recognized when the control over goods is transferred after the products are delivered and confirmed by the customer; Overseas sales: the revenue is recognized after the customs declaration formalities are completed after the products are delivered (shipment to overseas customers and delivery to the customer's warehouse or designated place to deep processing carry forward customers); Rental income: income is recognized according to the lease term agreed in the contract. The company does not recognize income by using the total amount method instead of the net amount method.
In 2021, the annual sales of PI membrane was 68 million yuan (including 39.91 million yuan for Yijie Co., Ltd. and 23.39 million yuan for Shenzhen Leishi Thermal Management Technology Co., Ltd.), accounting for 59.03% of the annual sales in 2021, an increase of 96.43% compared with 2020; FPC sold 41.7 million yuan, accounting for 35.84% of the annual sales in 2021, an increase of 1.27% compared with 2020; The reason why the sales of PI membrane in 2021 increased significantly compared with that in 2020: before 2021, the company had been in the stage of market development and small batch trial of customers, and the order was settled in the fourth quarter of 2021.
2. Please check and explain the compliance and accuracy of the deduction of your company's operating income this year item by item in accordance with the relevant requirements of "4.2 matters related to the deduction of operating income" in the self regulatory guide for listed companies No. 1 - business handling of the exchange, and whether the operating income after deduction in 2021 is less than 100 million yuan.
reply:
According to the relevant requirements of "4.2 matters related to deduction of operating income" in the guidelines for self regulation and supervision of listed companies No. 1 - business handling of the exchange, the company checked item by item as follows: the annual income in 2021 was about 116 million yuan, The relevant income related to "4.2 deduction of operating income related matters" in the guide for self discipline supervision of listed companies No. 1 - business handling includes: house rental income of 5.92 million yuan, waste income of 42000 yuan, a total of 5.962 million yuan. The operating income after deduction in 2021 is not less than 100 million yuan. See the table for details:
Self verification of operating income deduction of danbang technology in 2021
Specific deduction unit (10000 yuan)
Operating revenue amount 11600.00
The total amount of operating income deduction items is 596.20
The total amount deducted from operating income accounts for 5.14% of operating income
1、 Business income unrelated to main business
1. Other business income other than normal operation. Such as renting fixed assets, intangible assets, packaging, selling materials and using materials
The income from the exchange of non monetary assets and the operation of entrusted management business, as well as the income included in the main business income but outside the normal operation of the listed company of 596.20 yuan. 2. Non qualified financial business income, such as interest income from lending funds; New in this fiscal year and the previous fiscal year
The income generated from financial business, such as 0.00 income from guarantee, commercial factoring, microfinance, financial leasing, pawn and other businesses, except the financial leasing business carried out for the sale of main products.
3. Income from new trade business in this fiscal year and the previous fiscal year.
zero
4. Income from related party transactions unrelated to the existing normal business of the listed company. zero
5. Income of subsidiaries under the same control from the beginning of the period to the merger date. zero
6. Income generated by businesses that do not form or are difficult to form a stable business model. zero
Subtotal of business income unrelated to main business 596.20
2、 Income without commercial substance
1. Income from transactions or events that do not significantly change the risk, time distribution or amount of the enterprise's future cash flow. zero
2. Income from transactions without real business. Such as false income realized by self transaction, false income generated by transaction constructed by Internet technology 0.00 or other methods, etc.
3. Income from businesses with significantly unfair transaction price. zero
4. Income from subsidiaries or businesses of business combination obtained by significantly unfair consideration or non transaction in this fiscal year. zero
5. Income involved in non-standard audit opinions in audit opinions. zero
6. Income from other transactions or events that are not commercially reasonable. zero
Subtotal of income without commercial substance 0.00
3、 Other income unrelated to the main business or without commercial substance
Amount after deduction of operating income: 0.00
3. In combination with the above matters, please explain whether your company has adjusted its income to avoid termination of listing.
reply:
Based on the answers to questions 1 and 2, the company's income is in line with the accounting standards for business enterprises, and the matters related to the deduction of operating income are in line with the relevant requirements of the guidelines for self discipline supervision of listed companies No. 1 - business handling. The company does not adjust its income to avoid termination of listing.
4. Other explanatory matters: as the income after deduction has not been audited, the specific data shall be subject to the special audit report on the deduction of operating income in 2021 issued by the accounting firm in the company's annual report. If the company's 2021 annual report indicates that there are circumstances listed in article 9.3.11 of the stock listing rules of Shenzhen Stock Exchange (revised in 2022), the listing of the company's shares will be terminated. Please make careful decisions and pay attention to investment risks.
We hereby reply.
Board of directors on February 14, 2022}
Copy to: listed companies Division of Shenzhen Securities Regulatory Bureau
