On May 18, the Shenzhen Stock Exchange issued an annual inquiry letter to ST chase, requiring the company to respond to 14 questions such as accounts receivable, audit opinions, customers and suppliers.
Among them, the inquiry letter requires the company to list item by item in combination with the relevant provisions related to the deduction of operating income, the duration, production and operation conditions and future business development plan of various businesses that generate operating income in the reporting period, and explain whether various businesses have the characteristics of occasional, temporary and no commercial substance, and the business income irrelevant to the main business in the above business income Amount, judgment basis and rationality of business income without commercial substance. Meanwhile, during the reporting period, the net cash flow generated by the company’s financing activities was 429499 million yuan, with a year-on-year increase of 385973%. The company is required to explain the reasons for the sharp fluctuation of cash flow generated by financing activities during the reporting period and whether it is consistent with the cross checking relationship with relevant items in the balance sheet and income statement. According to the annual report, the company’s sales expenses and management expenses were 535724 million yuan and 518079 million yuan respectively, an increase of 321.67% and 27.30% respectively over the same period last year. The company is required to explain the reasons and rationality of the mismatch between the changes of management expenses and sales expenses and the changes of revenue during the reporting period in combination with the changes of various detailed items.
