Securities code: Guangdong Lyric Robot Automation Co.Ltd(688499) securities abbreviation: Guangdong Lyric Robot Automation Co.Ltd(688499) Announcement No.: 2022030 Guangdong Lyric Robot Automation Co.Ltd(688499)
Announcement on receiving the inquiry letter from Shanghai Stock Exchange
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear legal responsibility for the authenticity, accuracy and integrity of its contents according to law.
Guangdong Lyric Robot Automation Co.Ltd(688499) (hereinafter referred to as "the company") has received the inquiry letter on the matters of Guangdong Lyric Robot Automation Co.Ltd(688499) proposed to carry out financial derivatives trading [SSE Ke Chuang Gong Han (2022) No. 0046] (hereinafter referred to as "the inquiry letter") issued by Shanghai Stock Exchange. The specific contents of the inquiry letter are as follows:
Your company disclosed the announcement on the company's proposed financial derivatives trading on April 8, 2022, which said that the company and its subsidiaries planned to carry out financial derivatives trading business of no more than US $100 million or equivalent foreign currency in multiple batches in 2022. After the post audit, according to article 14.1.1 of the Listing Rules of science and Innovation Board of Shanghai Stock Exchange, your company and Minsheng Securities Co., Ltd. (hereinafter referred to as Minsheng securities) are requested to explain and make supplementary disclosure on the following issues.
1、 According to the disclosure, the settlement currency of the company's export business is mainly US dollars, and the fluctuation of RMB exchange rate against US dollars will have a certain impact on the company's production and operation. The company plans to reduce the uncertainty risk of exchange rate fluctuations on the main business income by carrying out financial derivatives business. However, according to the company's 2021 annual report, the company realized a total operating income of 233134900163 yuan during the reporting period, of which the overseas income was 3528208781 yuan, accounting for only 1.51%. It is also disclosed that the company's financial derivatives trading business is based on specific business operations. The board of directors of the company is requested to: (1) calculate the actual impact of exchange rate fluctuations on the company's overall income and net profit according to the amount and proportion of the company's overseas income in the last three fiscal years, further explain the actual reasons for carrying out financial derivatives trading business, and the rationality of the company's setting a limit of US $100 million; (2) Explain how the board of directors of the company ensures that "the development of financial derivatives trading business is based on specific business operations", rather than speculation and arbitrage trading for profit; (3) Fully demonstrate the necessity and rationality of carrying out financial derivatives trading business of no more than US $100 million or equivalent foreign currency, and make prudent decisions.
2、 The company is requested to supplement and disclose the specific form of financial derivatives trading business, the relevant subjects involved in the transaction, the specific contents of the transaction agreements signed or to be signed, the main sources of income and risk, and the specific risk prevention and control measures, and fully remind the risks.
3、 The company is requested to supplement the subsequent accounting treatment and standard basis for carrying out financial derivatives trading business according to the signed or proposed agreement on carrying out financial derivatives trading and the commercial essence.
4、 The recommendation representatives of Minsheng securities and the company shall be diligent and responsible, pay full attention to and identify the risks of relevant foreign currency derivatives transactions, urge the company to establish and improve the internal control mechanism, adhere to the positioning of science and innovation, and please express clear opinions on the above matters.
Please reply to the above questions by your company and Minsheng securities before April 15, 2022.
The company will actively respond to the questions involved in the inquiry letter and fulfill the obligation of information disclosure in time according to the requirements of the management department of science and Innovation Board of Shanghai Stock Exchange. Please pay attention to the company's announcement and pay attention to investment risks.
It is hereby announced.
Guangdong Lyric Robot Automation Co.Ltd(688499) board of directors April 8, 2022
