Hubei Geoway Investment Co.Ltd(600462) 5 on May 23, the company received the inquiry letter of the annual report of Shanghai Stock Exchange. The company was asked why the income of Internet information service business increased rapidly but the gross profit margin decreased greatly.
The annual report shows that during the reporting period, the company achieved an operating revenue of 268 million yuan, a year-on-year increase of 39.09%, of which the public relations marketing service business and Internet information service business achieved an operating revenue of 166 million yuan and 78 million yuan respectively, a year-on-year increase of 16.71% and 135.99%, and the corresponding gross profit margin was 19.23% and 10.46% respectively, a year-on-year decrease of 4.35% and 36.34%. The sales volume of the top five customers was 164 million yuan, accounting for 61.10% of the total annual sales; The purchase amount of the top five suppliers was 59 million yuan, accounting for 25.40% of the total annual purchase, which decreased rapidly compared with 54.13% in the same period of last year.
The company is required to explain the specific business mode of the company’s public relations marketing and Internet information services in combination with the sales mode, procurement mode, upstream and downstream, content and mode of marketing and information services, settlement arrangement, etc; In combination with the Internet information service price, cost composition details and changes, and the specific gross profit margin of customers, quantitatively analyze the reasons and rationality for the rapid year-on-year growth of the company’s Internet information service business income but the large decline of gross profit margin during the reporting period, whether there is a large difference from comparable companies in the same industry, and analyze its sustainability; The reasons for the high sales concentration, whether it conforms to the characteristics of the industry, and whether there is a large degree of dependence on specific customers.
The annual report shows that the company’s quarterly operating revenue is 624673 million yuan, 872527 million yuan, 223102 million yuan and 962867 million yuan respectively, and the net profit attributable to the parent company is -8.2189 million yuan, -311942 million yuan, -150902 million yuan and -266944 million yuan respectively, while the net cash flow from operating activities is -504439 million yuan, -160878 million yuan, -133827 million yuan and 110667 million yuan respectively, with obvious differences in fluctuation trends. The company is required to explain the reasons and rationality of the negative to positive cash flow from operating activities and the significant deviation from net profit in the fourth quarter in combination with the characteristics of the industry, business development and comparable companies in the same industry.
