Securities code: 002291 securities abbreviation: Saturday Co.Ltd(002291) Announcement No.: 2022-012 Saturday Co.Ltd(002291)
Announcement on the receipt of warning letter and relevant instructions by the company and relevant personnel
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.
Saturday Co.Ltd(002291) (hereinafter referred to as "the company" or "the company") recently received the decision on Issuing warning letters to Saturday Co.Ltd(002291) , Yu Hongtao and Li Gang ([2022] No. 24, hereinafter referred to as "the decision") issued by Guangdong regulatory bureau of China Securities Regulatory Commission (hereinafter referred to as "the Guangdong securities regulatory bureau"), and now the main contents are announced as follows:
1、 Main contents of the decision
After investigation, our Bureau found that Saturday Co.Ltd(002291) (hereinafter referred to as Saturday Co.Ltd(002291) or the company) had the following violations:
Saturday Co.Ltd(002291) in the 2018 year financial statements audit process, before the audit institutions carried out inventory monitoring, it was found that there were differences between the physical inventory of the stores and the financial system data. In order to eliminate the difference in inventory data, Saturday Co.Ltd(002291) sent 29980 pairs of shoes from Chengdu warehouse to Xi'an stores in March 2019, and then shipped the relevant goods back to Chengdu warehouse after the inventory was completed. Saturday Co.Ltd(002291) did not truthfully inform the annual report audit institution of the above data differences and goods transfer. In addition, Saturday Co.Ltd(002291) did not establish a regular backup mechanism for business system data, and failed to provide basic data and original vouchers related to inventory transfer in 2019. The above-mentioned acts violate the provisions of Article 50 of the measures for the administration of information disclosure of listed companies (Order No. 40 of the CSRC).
Yu Hongtao, as the chairman and general manager of Saturday Co.Ltd(002291) , and Li Gang, as the chief financial officer, are mainly responsible for the above violations of Saturday Co.Ltd(002291) .
According to the provisions of articles 57 and 59 of the measures for the administration of information disclosure of listed companies (Order No. 40 of the CSRC), our bureau has decided to take regulatory measures to issue warning letters to Saturday Co.Ltd(002291) , Yu Hongtao and Li Gang. You should earnestly draw lessons, earnestly strengthen the study of securities laws and regulations, and fulfill the obligation of information disclosure in a true, accurate, complete, timely and fair manner in accordance with the law. Saturday Co.Ltd(002291) it shall truthfully and publicly explain the specific reasons for the difference between the inventory data of the financial system and relevant stores during the audit of the 2018 annual report, the specific reasons for the business system not retaining the inventory data of 2019 and previous years, and whether there are accounting errors. At the same time Saturday Co.Ltd(002291) shall conduct internal accountability for relevant responsible persons, submit rectification report and internal accountability report to our bureau within 30 days after receiving this decision, and copy to Shenzhen Stock Exchange.
If you are not satisfied with this supervision and management measure, you can apply for administrative reconsideration to the China Securities Regulatory Commission within 60 days from the date of receiving this decision; It may also bring a lawsuit to the people's court with jurisdiction within 6 months from the date of receiving this decision. During the period of reconsideration and litigation, the above supervision and management measures shall not be suspended. 2、 Description of relevant issues
1. As for the specific reasons for the difference between the financial system and the inventory data of relevant stores during the audit of 2018 annual report, the financial accounting system used by the company is Kingdee financial software, which distinguishes the general classification and detailed classification accounting of different business entities. The inventory item accounts for all the goods of the company, including shoes, bags and accessories, and records the purchase and sales data on a monthly basis.
The company's daily inventory management is to use the professional software Langsha purchase, sales and inventory business management system (hereinafter referred to as the business system) in the footwear retail industry to record the daily receipt, delivery and inventory details of each store warehouse. The inventory data in the business system has two dimensions: one is physical inventory, which refers to the actual quantity of goods stored in each store warehouse, and the other is financial inventory, which includes the quantity of goods in transit. Financial inventory is equal to physical inventory plus in transit quantity.
When checking the inventory data of stores in the business system on March 25, 2019, the financial department of the company's headquarters found that the physical inventory of 10 stores in Xi'an on March 25 was 29980 pairs of shoes less than the financial inventory data, with a value of 4.04 million yuan. It was further verified that the documents transferred from Chengdu warehouse to the above stores in the early stage did not send the goods in time, resulting in the impact in transit. At that time, the accounting firm conducted a comprehensive annual audit and inventory of the company, and the finance department believed that this was a document that should be issued but not issued in 2019, which only needed to be issued before the inventory. Therefore, at that time, the accountant was not informed of the difference in transit, but urged Chengdu warehouse to immediately contact the transportation company to transport these goods to Xi'an and distribute them to various stores, So that the financial inventory of each store is consistent with the physical inventory.
However, due to the short time, the transferred products can not correspond to the information in the business system documents one by one. In addition to the subsequent business adjustment, the transferred products will be transferred back to the Chengdu warehouse again after the inventory.
2. Specific reasons why the business system does not retain inventory data of 2019 and previous years
The company's Langsha business system for inventory management was developed and enabled in the early stage. It is a relatively independent DRP system, rather than the financial integrated ERP system widely used at present. Due to the characteristics of the company's fashion industry and business model, it has the characteristics of many terminal outlets, fast product updates, many styles and sizes, large amount of data and frequent daily deployment, resulting in a very large amount of data. If it is not cleaned in time, it will seriously affect the operation efficiency. Moreover, in general, the data comparative analysis is only for the data of the same period of the previous year, and the comparative analysis of the goods (especially the goods details) of the next year will not be carried out. In addition, the business model and business structure have changed greatly in recent years, so it is not necessary to keep the detailed historical data of the business system.
Therefore, in order to improve the operation speed of the system, the business system only retains the data of nearly one year. For example, the current system retains the annual business data of 2020 and beyond.
3. Explanation on whether there are accounting errors
The above transfer and return business is the internal deployment of the system and will not cause accounting errors.
3、 Other instructions
After receiving the decision on the above administrative supervision measures, the company attaches great importance to it and will submit the rectification report to Guangdong securities regulatory bureau within 30 days after receiving the decision. The company will further strengthen the study and ability training of directors, supervisors and senior managers on relevant laws and regulations such as the securities law of the people's Republic of China, the stock listing rules and the measures for the administration of information disclosure of listed companies, further standardize the operation level of the company, continuously improve the quality of information disclosure and earnestly fulfill the obligation of information disclosure according to law, Prevent the recurrence of such events. It is hereby announced.
Board of directors February 15, 2002
