Securities code: Shenzhen Wongtee International Enterprise Co.Ltd(000056) , 200056 securities abbreviation: Shenzhen Wongtee International Enterprise Co.Ltd(000056) , Huangting B Announcement No.: 202249 Shenzhen Wongtee International Enterprise Co.Ltd(000056)
Reply to the inquiry letter on the 2021 annual report of Shenzhen Stock Exchange
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
Shenzhen Wongtee International Enterprise Co.Ltd(000056) (hereinafter referred to as "the company" and " Shenzhen Wongtee International Enterprise Co.Ltd(000056) ") received the inquiry letter on Shenzhen Wongtee International Enterprise Co.Ltd(000056) 2021 annual report issued by Shenzhen Stock Exchange on May 9, 2022 (annual report inquiry letter [2022] No. 203 of the company department, hereinafter referred to as "the inquiry letter"). The reply to the inquiry letter is hereby announced as follows:
1. The annual report shows that among the top five customers of your company, the fourth customer is Shenzhen Huangting Hotel Management Co., Ltd. controlled by Zheng Kanghao, the actual controller, with a sales revenue of 14 million yuan in the current period; Among the top five suppliers, the third supplier is Shenzhen Huangting Business Management Co., Ltd. controlled by Zheng Kanghao, with a purchase amount of 12 million yuan in the current period. Please specify:
(1) The basic information of the above related parties, including but not limited to the registered capital, registered address, time of establishment, business scope, cooperation history with the company, the gross profit margin, credit policy, balance of accounts receivable, amount of subsequent collection, etc. of the sales to related party customers, and whether the company's credit policy for related customers is significantly looser than that of other customers.
Company reply:
Shenzhen Huangting Hotel Management Co., Ltd. (hereinafter referred to as "Huangting Hotel") has a registered capital of 300 million yuan and a registered address of excellence Century Center at the southeast of the junction of Fuhua third road and Jintian Road, Fushan community, Futian street, Futian District, Shenzhen. It is located at the 1st floor, 1st floor, 5th floor and mezzanine to 38th floor of the 25th floor of Huanggang business center, Huanggang business center. It was established on June 4, 2008 and its business scope includes hotel management, property management Investment in industry, economic information consultation, conference services, etc.
The company mainly provides property leasing and property management services to Huangting hotel. The contract stipulates that Huangting hotel shall pay the rent and property management related fees of the current month before the 5th of each month, which is basically the same as that of other tenants. As of December 31, 2021, the balance of accounts receivable of Huangting hotel was 43.514 million yuan. As of the date of reply, Huangting hotel has paid 115200 yuan of accounts receivable.
Shenzhen Huangting Business Management Co., Ltd. (hereinafter referred to as "Huangting business management") has a registered capital of 10 million yuan and its registered address is unit 28a05, Gangxia Huangting building, No. 350 Fuhua Road, Gangxia community, Futian street, Futian District, Shenzhen. It was established on June 29, 2009 and its business scope is business marketing planning and business management consulting; China trade; Operate import and export business; Property leasing; estate management; Parking lot management; Health massage, foot bath, etc.
Huangting commercial management is the lessor of Huanggang business center. It was rented by Huangting commercial management from Shenzhen Huanggang Business Center Property Service Co., Ltd. on June 30, 2010. The lease term is 15 years. It is agreed that Huangting commercial management will pay the electricity charge to the power supply bureau and change the billing subject of electricity charge to Huangting commercial management. Entrusted by the lessor Huangting business management, Huangting business service, a subsidiary of the company, provides property management services. According to the contract, Huangting business service will collect the electricity charge of the tenant and issue a VAT invoice to the tenant; According to the electricity bill settlement list of the power supply bureau, Huangting business service shall pay the electricity bill to Huangting business management and obtain the value-added tax invoice. The amount of the electricity bill is consistent with the amount paid by Huangting business management to the power supply bureau. The current purchase amount of 12 million yuan is the electricity fee paid by Huangting business service to Huangting business management.
(2) The specific contents of your company's purchase and sales business with the above related parties in the current period, and the reasons, rationality and necessity of the above transactions.
Company reply:
The company's sales business with Huangting hotel is mainly to provide property leasing and property management services to Huangting hotel. The first to fifth floors of Huangting building are leased by Shenzhen Gangxia Industrial Co., Ltd. to the company, and the company provides leasing and property management services. Huangting Hotel leases unit 05 on the fourth floor of Huangting building, with a lease area of 792.93 square meters and a lease term from October 1, 2019 to September 30, 2022.
Entrusted by the lessor Huangting commerce, the company provides property management services for the commercial and office buildings of Huanggang business center, and pays the electricity bill to Huangting commerce according to the electricity bill settlement list of the power supply bureau. The property area of Huangting hotel is 5480902 square meters, and the lease term is from March 1, 2020 to December 31, 2023. The company's main business is commercial operation services and property management services, and provides comprehensive operation services for shopping centers, commercial office buildings, apartments and other commercial real estate fields. Therefore, the leasing and property management services provided by the company for Huangting Hotel and the payment of electricity charges to Huangting commercial management are reasonable and necessary.
(3) Whether there are business or capital transactions between the above related parties, and whether there are non operating capital transactions with your company.
Company reply:
There are business transactions between Huangting Hotel and Huangting business management. Huangting business management is the lessor of Huanggang business center. It was rented by Huangting business management from Shenzhen Huanggang Business Center Property Service Co., Ltd. on June 30, 2010, with a lease term of 15 years. Huangting hotel is the tenant of Huanggang business center. It has signed a lease contract with Huangting business management to lease the properties on floors 5, 26-38 and 41-52 of Huanggang business center as hotels, apartments and office space. Entrusted by the lessor Huangting commerce, the company provides property management services for the commercial and office buildings of Huanggang business center.
In addition to the above businesses, the company has no other non operating capital transactions with Huangting Hotel and Huangting business management.
The annual audit institution is requested to check and express clear opinions.
Accountant's reply:
1、 Sales business
For the above matters, the accountant has implemented the following procedures, including but not limited to:
1. Query the industrial and commercial information of Huangting hotel through the third-party query website to understand the industrial and commercial information of related parties;
2. Obtain the company's operating income Sub Ledger and lease sales contract, check the main contract terms or conditions, and confirm whether the company's lease income recognition policy meets the accounting standards;
3. Obtain the operating revenue sales account of the property company, confirm the accuracy and completeness of the time point and amount of the company's management fee and water and electricity revenue recognition by checking the settlement date and amount of management fee and water and electricity, and evaluate whether the company's management fee and water and electricity revenue recognition policy is appropriate;
4. Check the bank receipt with the book to determine the authenticity of the sales collection of Huangting Hotel and judge whether there are other non operating capital transactions;
4. Confirm the transaction content and balance of Huangting hotel by letter to further confirm the authenticity and accuracy of the transaction.
Based on the audit procedures performed by the project team, we believe that the sales business of related parties is true and there are no other non operating capital transactions.
2、 Procurement business
Huangting business management rented into Huanggang business center. With the consent of the lessor, the business management was given the qualification of invoicing and paid the electricity fee to the power supply bureau. Later, Huangting business management entrusted the subsidiary of Shenzhen Wongtee International Enterprise Co.Ltd(000056) Huangting business service Huanggang Center branch to carry out property management. Huanggang Center branch of Huangting business service pays the electricity fee to Huangting business management every month according to the bill of the power supply bureau, and there is no price difference between them.
For the above matters, the accountant has implemented the following procedures, including but not limited to:
1. Understand the background of this business and the necessity of this connected transaction, and check the property service contract of Huangting commercial management;
2. Obtain the relevant electricity bill settlement details and corresponding bank flow in 2021, and check with the electricity cost and payment voucher accrued in the book;
Based on the audit procedures implemented by the project team, we believe that the procurement business of related parties is true and there are no other non operating capital transactions.
2. The total sales amount of your company's top five customers is 107 million yuan, accounting for 14.16% of the total annual sales; The total procurement amount of the top five suppliers is 85 million yuan, accounting for 63.02% of the total annual procurement, of which the procurement amount of the first and second largest suppliers accounts for 55.8%. Please specify the following:
(1) Please compare the purchase amount of the top five suppliers in the last three years in combination with the industry characteristics and business model, explain the reasons and rationality of the high supplier concentration in the reporting period, whether there is a significant difference between your company's purchase concentration and comparable companies in the same industry, and whether there is a significant dependence on individual suppliers. If so, please fully prompt the relevant risks.
Company reply:
The company mainly supports the operation and management of shopping centers and entrusted management shopping centers, and provides comprehensive operation services for shopping centers, commercial office buildings, apartments and other commercial real estate fields by means of entrusted management, whole rent, real estate investment cooperation and other ways, as well as property management services for office buildings, residences, apartments and commercial properties in Shenzhen, Chongqing, Chengdu, Dongguan, Huizhou and Qinzhou.
From 2019 to 2021, the main items purchased by the top five suppliers are the rent, electricity and cleaning service fees of the whole lease, which are closely related to the company's main business. Therefore, there is a high degree of concentration and there is no significant dependence on individual suppliers.
(2) Please describe the names of the top five customers and suppliers, the sales and purchase amount, the specific products or services provided and purchased, the amount and year-on-year changes in the same period of last year, and the duration of continuous cooperation; Whether the major suppliers and customers of your company have changed significantly in the past three years.
Company reply:
From 2019 to 2021, the top five customers and suppliers basically did not change significantly. Among the top five customers, the amount of Bank Of Ningbo Co.Ltd(002142) and Huangting hotel is basically the same in each year. The rental income of Mingmen feast catering Co., Ltd. and Chengdu Shusheng Technology Co., Ltd. in 2021 has increased compared with the same period last year.
Among the top five suppliers, the rent amount of Shenzhen Gangxia Industrial Co., Ltd. is basically the same in each year. Shenzhen Power Supply Bureau Co., Ltd., Huangting Business Management Co., Ltd. and Chengdu power supply company of State Grid Sichuan electric power company are electricity charges, which are settled according to electricity consumption and unit price in each year. Shenzhen Weishi Meijie Co., Ltd. is the company's standard cleaning service contractor, and the amount of cleaning service in each year is basically the same.
The names of customers and suppliers, specific products or services provided and purchased, and the duration of the contract are shown in the table below: (unit: 10000 yuan)
Nature of top five customers cooperation period 20212020 2019 years
Bank Of Ningbo Co.Ltd(002142) rent
Shenzhen Branch Property 4-year 485397420369427000 fee
Ping An Insurance (Group) Company Of China Ltd(601318) life insurance share rent
Property management fee of limited company for 4 years 138727209709184450
Shenzhen Huangting hotel management has rent
Long term property fee of the Company Limited 135388134702202990
Rent
Mingmen feast catering Co., Ltd. property 2 years 128767 960.76
fee
Rent
Chengdu Shusheng Technology Property Co., Ltd
fee
Shenzhen HEMA Network Technology Co., Ltd
Property of the company for 3 years 869.06
fee
Shenzhen Yueshang microfinance Co., Ltd. 395950 for one year
Shenzhen Zhongrong microfinance Stock Co., Ltd. 298877 loans in one year
Total 10683099477621509267
Nature of the top five suppliers cooperation period 20212020 2019 years
Rent of Shenzhen Gangxia Industrial Co., Ltd. for 4 years 336915338930407789
Long term electricity charge of Shenzhen Power Supply Bureau Co., Ltd. 277371284212305587
Shenzhen Huangting Business Management Co., Ltd. has a long-term electricity charge of 118057 923.41119230
Cleaning service of Shenzhen Weishi Meijie Co., Ltd. for 3 years 621.04 82
