Special instructions on the reply to the inquiry letter on the information disclosure of the plan for the sale of major assets and related party transactions of Jinan Chengdu Hi-Tech Development Co.Ltd(000628) Co., Ltd
Unit: RMB 10000
Change rate of project amount in 2020 from January to September 2021
Operating income 48541466713317 - 1859171 - 27.69%
Operating cost 29074803861961 -954481 -24.71%
Gross profit 19466662851356 -904690 -31.73%
Gross profit margin 40.10% - 42.47% - 2.37%
Asset impairment loss -1894731 - 100%
Net profit 1109315315152794163 251.99%
Gold output 3999 Beijing Aritime Intelligent Control Co.Ltd(600560) 8900 - 1609300 - 28.69%
Gold sales volume 41158825490038 -- 25.03%
Gold sales amount 47655176633720 - 1868203 - 28.16%
Average price (yuan): 11578361208320-4.18%
Revenue recognition time point of the target company: the company recognizes revenue when it has fulfilled its performance obligations in the contract, that is, when the customer obtains control over relevant goods or services. Obtaining control of relevant goods or services means being able to dominate the use of such goods or the provision of such services and obtain almost all economic benefits therefrom. Gold sales revenue is recognized when the customer obtains the goods and confirms the transaction price.
(II) specific reasons for the inconsistency between the change trend of operating revenue and net profit in the first three quarters of 2021 and 2020, and whether it is in line with the industry trend
According to the above operating income and net profit of the target company, the operating income of the target company from January to September 2021 decreased by 1859171 million yuan compared with that in 2020, with a decrease ratio of 27.69%, and the gross profit decreased by 90.469 million yuan, with a decrease ratio of 31.73%. The change trend of the income of the target company is more consistent with that of the gross profit. The net profit of the target company increased by 794163 million yuan from January to September 2021 compared with 2020, with a growth rate of 251.99%, which is opposite to the change trend of operating revenue and gross profit.
The change trend of operating revenue and gross profit is consistent: the gross profit from January to September 2021 decreased by 90.469 million yuan or 31.73% compared with that in 2020. This was mainly due to the decrease in gold sales revenue, which decreased by 25.03% in 2021, 4.18% in gold sales price and 28.16% in gold sales revenue. The change of gold sales price is consistent with the change of gold price in the open market in the same period, which is in line with the industry trend. In addition, the operating cost decreased by 24.71% in the same period, resulting in a decrease of 2.37% in the gross profit margin from January to September 2021 compared with 2020, with a total impact of 31.73% on the gross profit.
The inconsistent change trend between operating income and net profit is mainly due to the provision of asset impairment loss in 2020. In 2020, the subject company found vera in the current mining section through the impairment test of mining rights and exploration expenses
