On May 23, the Shanghai Stock Exchange gave regulatory warnings to relevant responsible persons such as Zhao Guozhu, chairman of the board of directors, Du Guangzhen, general manager, Jin Baoshan, chief financial officer, Wang Xingxue, independent director and convener of the audit committee, and Zhu Xiaoyu, Secretary of the board of directors.
It is found that on January 29, 2022, Gansu Mogao Industrial Development Co.Ltd(600543) disclosed the announcement of annual performance loss in 2021. It is estimated that the net profit attributable to the shareholders of the listed company (hereinafter referred to as the net profit attributable to the parent company) will be about – 90 million yuan in 2021, and the net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses (hereinafter referred to as the net profit attributable to the parent company after deducting non recurring profits and losses) will be about – 40 million yuan. The announcement shows that the company’s performance loss is mainly due to the sharp decline in the operating revenue of wine business and pharmaceutical business and the impairment provision. The company’s asset impairment test and other work have not been completed, and the final amount will be determined after evaluation and audit. There are no other major uncertain factors that may affect the accuracy of the performance forecast of the current period.
On March 31, 2022, the company disclosed the correction announcement of the performance forecast, which said that after re calculation by the financial department, the net profit attributable to the parent company in 2021 is expected to be -98.72 million yuan and -91.96 million yuan after deduction. The reason for the correction of the performance forecast is that the financial department in the early stage treated the provision for impairment of fixed assets of 48.3 million yuan accrued in 2021 as non recurring profit and loss, and the annual audit accountant treated the asset impairment loss as recurring profit and loss during the audit. On April 28, 2022, the company disclosed the annual report of 2021, and realized the net profit attributable to the parent company of -986957 million yuan and the net profit attributable to the parent company of -919319 million yuan after deduction.
The Shanghai Stock Exchange pointed out that the company’s annual performance forecast is a major issue of concern to the market and investors, which may have a significant impact on the company’s share price and investors’ decisions. The company should fully consider the circumstances that may affect the current performance according to the requirements of accounting standards to ensure the accuracy of performance forecast. The disclosure of the company’s performance forecast is inaccurate, and there is a large difference between the actual net profit attributable to the parent company after deduction and the forecast amount, with a difference range of 129.83%. Moreover, the company did not issue the performance forecast correction announcement until March 31, 2021, and the correction information disclosure was not timely. To sum up, the company’s performance forecast information disclosure is inaccurate, the risk warning is insufficient, and the correction announcement disclosure is not timely, which violates the relevant regulations.
