On the morning of April 18, Jiangsu Akcome Science And Technology Co.Ltd(002610) ( Jiangsu Akcome Science And Technology Co.Ltd(002610) , SZ; yesterday’s closing price was 3.26 yuan) received the inquiry letter of the 2021 annual report of Shenzhen Stock Exchange, requiring the company to explain the decline of operating revenue for three consecutive years, the deduction of non net profit for three consecutive years to be negative, and the gross profit margin of Cecep Solar Energy Co.Ltd(000591) battery board (module) business to be – 4.96%.
According to the annual report of 2021, Jiangsu Akcome Science And Technology Co.Ltd(002610) achieved an operating income of 2.531 billion yuan in that year, a year-on-year decrease of 6.92%. The net profit attributable to the parent company changed from profit to loss, with a loss of 406 million yuan, a year-on-year decrease of 246695%, and the deduction of non net profit was 540 million yuan.
going concern ability questioned
From 2019 to 2021, Jiangsu Akcome Science And Technology Co.Ltd(002610) achieved operating revenue of 5.126 billion yuan, 3.019 billion yuan and 2.531 billion yuan respectively, decreasing for three consecutive years; The net profit deducted from non profits was – 1.304 billion yuan, – 250 million yuan and – 540 million yuan respectively, which was negative for three consecutive years. In 2021, the company’s Cecep Solar Energy Co.Ltd(000591) battery panel (module) business revenue was 1.35 billion yuan, with a gross profit margin of – 4.96%.
In this regard, the Shenzhen stock exchange requires Jiangsu Akcome Science And Technology Co.Ltd(002610) to explain the specific reasons for the continuous decline of operating income and the continuous negative net profit after deduction in combination with the business environment, the development of main business, the company’s competitiveness and comparable companies in the same industry, and to explain whether there is significant uncertainty in the company’s sustainability and the countermeasures to be taken to improve the operating performance. The specific reasons for the negative gross profit margin of Cecep Solar Energy Co.Ltd(000591) battery board (module) are explained in combination with the main cost, product price, competition and comparable companies in the same industry.
By the end of 2021, Jiangsu Akcome Science And Technology Co.Ltd(002610) of the long-term equity investment, the closing balance of Shanghai Aikang Fuluo Financial Leasing Co., Ltd. was 267 million yuan, that of Jiangxi financial holding Financial Leasing Co., Ltd. was 357 million yuan, that of Suzhou Aikang Energy Group Co., Ltd. was 718 million yuan, and that of Jinchang qingneng Power Co., Ltd. was 235 million yuan, The closing balance of Ganzhou Development Finance Leasing Co., Ltd. was 482 million yuan.
In the inquiry letter, the Shenzhen Stock Exchange asked Jiangsu Akcome Science And Technology Co.Ltd(002610) to explain the financial status and operation of the above-mentioned joint venture in the last three years, and if there is a loss, explain the reason for the loss; Explain whether the above long-term equity investment is subject to impairment test. If so, explain the adequacy of impairment provision in combination with the specific parameters, assumptions and detailed calculation process selected in the impairment test; If not, state whether there are losses of associated enterprises but no provision for impairment and the specific reasons.
It is worth noting that according to the annual report of Jiangsu Akcome Science And Technology Co.Ltd(002610) 2021, the monetary funds in the company’s accounts totaled 1.156 billion yuan at the end of the year, the total amount of funds restricted by mortgage, pledge or freezing was 826 million yuan, and the total current liabilities were 4.142 billion yuan.
Therefore, the Shenzhen Stock Exchange also requires Jiangsu Akcome Science And Technology Co.Ltd(002610) to explain the specific conditions of rights restrictions such as the storage location, storage type, source, interest rate level, mortgage / pledge / freezing of monetary funds in a tabular manner, and ask the annual audit accountant to check and express clear opinions on the authenticity, storage security and existence of rights restrictions of monetary funds; Explain the details of main interest bearing liabilities, including debt type, debt amount, interest, maturity, guarantee, repayment arrangement, etc.
At the same time, as of the date of reply, Jiangsu Akcome Science And Technology Co.Ltd(002610) should also explain the repayment of main current liabilities, the overdue debt and its proportion (if any), and assess the company’s solvency and whether there is the risk of overdue debt in combination with the operating cash flow status, future capital arrangement and debt repayment plan, the company’s financing channels and capacity. If so, please explain the countermeasures to be taken and fully prompt the risk.
Is there any illegal external guarantee? It is reported that as of the disclosure date of the annual report in 2021, Jiangsu Akcome Science And Technology Co.Ltd(002610) has provided 3.485 billion yuan of guarantee for subsidiaries within the scope of the consolidated statements, 1.533 billion yuan of guarantee for the company selling power station projects, 967 million yuan of counter guarantee for the guarantee provided by Ganzhou development investment Holding Group Co., Ltd. to Ganzhou Development Finance Leasing Co., Ltd., and 1.091 billion yuan of guarantee provided by others. The balance of the above external guarantees was 7.076 billion yuan, accounting for about 194.34% of the company’s latest audited net assets.
In this regard, the Shenzhen stock exchange requires Jiangsu Akcome Science And Technology Co.Ltd(002610) to explain the specific conditions of providing guarantees for the sale of power station project company, Ganzhou Development Investment Holding Group Co., Ltd. and other external guarantees, including amount, provision of estimated liabilities, guarantee period, counter guarantee measures and their sufficiency (if any), whether they are related guarantees, guarantee reasons and necessity, date of performing review procedures and meeting session The announcement number of performing the obligation of information disclosure and whether it constitutes illegal provision of guarantee; And self check the risk status of relevant guarantees, and fully prompt the risks of large amount of external guarantees, the countermeasures taken or to be taken, and whether there is a relevant plan to gradually reduce the amount of external guarantees.
In addition, by the end of 2021, Jiangsu Akcome Science And Technology Co.Ltd(002610) controlling shareholders and persons acting in concert held a total of 536 million shares of the company, accounting for 11.96% of the total share capital, of which the shares in pledge accounted for more than 90%. 122 million shares of the company held by Zou Chenghui, the actual controller of the company, are frozen.
In this regard, the Shenzhen stock exchange requires Jiangsu Akcome Science And Technology Co.Ltd(002610) to explain the specific circumstances of the pledge of shares held by the controlling shareholders and their persons acting in concert, including but not limited to the pledge time, pledge period, pledgee, financing amount, financing purpose, early warning line, closing line, maturity date (repurchase date), and whether there is a risk of closing positions; Explain the specific reasons and latest progress of the freezing of the shares held by the actual controller, whether the self inspection has fulfilled the obligation of information disclosure in time, whether there is a risk of judicial disposal in the follow-up, and fully prompt the relevant risks; In combination with the pledge and freezing of the shares of the controlling shareholders and their persons acting in concert, explain whether the company has unstable control, and if so, explain the countermeasures to be taken.
need to disclose customer and other related relationships
In 2021, the total sales amount of Jiangsu Akcome Science And Technology Co.Ltd(002610) top five customers was 1.017 billion yuan, accounting for 40.19% of the total annual sales; The total purchase amount of the previous five suppliers was 1.142 billion yuan, accounting for 1.142 billion yuan.
In this regard, the Shenzhen stock exchange requires Jiangsu Akcome Science And Technology Co.Ltd(002610) to supplement the name of the top five customers / suppliers, sales / procurement content, association relationship, occurrence time, cooperation years, sales collection, etc., and whether there is a situation that the sales object is the procurement object at the same time. If so, please explain the specific situation of relevant transactions and the specific reasons for purchasing and sales business with the same object at the same time, And explain whether there is any dependence on major customers / suppliers.
On the one hand, by the end of 2021, out of the top five prepayments of Jiangsu Akcome Science And Technology Co.Ltd(002610) .
The Shenzhen stock exchange requires Jiangsu Akcome Science And Technology Co.Ltd(002610) to supplement the name, related relationship, transaction background, transaction amount, time, delivery and settlement arrangement of the prepayment object, and whether the relevant transactions have commercial substance, whether the funds of related parties are occupied or provide financial information to the outside in violation of regulations.
On the other hand, by the end of 2021, Jiangsu Akcome Science And Technology Co.Ltd(002610) accounts receivable aging portfolio book balance was 332 million yuan, bad debt provision amount was 11 million yuan, and bad debt provision proportion was 3.19%; The combination of related parties of accounts receivable is 98 million yuan, the amount of bad debt provision is 17 million yuan, and the proportion of bad debt provision is 17.82%; Among other receivables, the deposit is 209 million yuan, the transactions of subsidiaries sold are 600 million yuan, and other transactions are 300 million yuan.
In this regard, Shenzhen stock exchange requires Jiangsu Akcome Science And Technology Co.Ltd(002610) to supplement the specific information of the top five accounts receivable of the above-mentioned combination, including but not limited to the name of the counterparty, related relationship, transaction matters, occurrence time, specific amount and subsequent collection; Combined with its own sales settlement method, the repayment ability of the debtor and the collection after the period, this paper explains the sufficiency of the provision for bad debts of relevant combinations, as well as the specific reasons for the high proportion of the provision for bad debts of related parties of accounts receivable.
At the same time, Jiangsu Akcome Science And Technology Co.Ltd(002610) shall also add the names, related relationships, transaction background, transaction amount and time of the top five debtors in the above different types of other receivables, and, in combination with the operation and credit level of the debtors, disclose whether the corresponding funds have the risk of being unable to be fully recovered, whether the provision for bad debts is sufficient, and whether the relevant transactions have commercial substance, Whether there is any situation of the capital occupation of related parties or the provision of financial affairs against the rules.
is the construction fund of photoelectric project sufficient
According to the annual report of 2021, at the end of the reporting period, Jiangsu Akcome Science And Technology Co.Ltd(002610) projects under construction, the investment budget of Zhejiang photoelectric project was 1.532 billion yuan, the opening balance was 429 million yuan, the transferred fixed assets in the current period was 284 million yuan, the closing balance was 258 million yuan, and the cumulative investment accounted for 54.32% of the budget; The investment budget of Ganzhou high efficiency battery and module project is 600 million yuan, the opening balance is 200 million yuan, and the ending balance is 467 million yuan. The cumulative investment of the project accounts for 77.97% of the budget.
In this regard, the Shenzhen stock exchange requires Jiangsu Akcome Science And Technology Co.Ltd(002610) to supplement the investment details of the above projects, the construction years, the degree of completion, the expected time to reach the serviceable condition, whether the construction progress is consistent with the project planning, and whether there are signs and risks of impairment in combination with the project progress, project operation status, etc; Supplement the specific details of the fixed assets transfer of Zhejiang photoelectric project and whether it complies with the relevant provisions of the accounting standards; Supplement the specific sources of subsequent investment funds of the above projects and whether there is a risk of insufficient funds. In addition, in 2021, Jiangsu Akcome Science And Technology Co.Ltd(002610) fixed assets increased by 891 million yuan, including 447 million yuan for machinery and equipment and 312 million yuan for photoelectric equipment.
In this regard, the Shenzhen stock exchange requires Jiangsu Akcome Science And Technology Co.Ltd(002610) to supplement the specific content, detailed amount and detailed reasons for the increase of fixed assets, the accuracy of the confirmation of relevant amount, and whether it complies with the relevant provisions of accounting standards.
