The Qinshang Optoelectronics Annual Report was questioned by the Shenzhen Stock Exchange.

On July 5th, the Shenzhen Stock Exchange issued an annual inquiry letter to Qinshang Optoelectronics. In the financial statements, there were problems such as a year-on-year increase in accounts receivable and a large year-on-year change in the net profit index. The listed companies were required to explain one by one.

Qinshang Optoelectronics' 2015 annual report shows that during the reporting period, the company achieved operating income of 850 million yuan and net profit of 20.74 million yuan, a year-on-year increase of 68.82%. In the 2016 quarterly report released on the same day, the company expects net profit for the first half of this year to reach 35 million to 42 million yuan, an increase of 107.03% to 148.44%.

Although Qinshang Optoelectronics handed in a good transcript, the regulator still pays close attention to many issues in the process of reviewing the company's 2015 annual report.

The Shenzhen Stock Exchange is primarily concerned with the situation of liquid assets. According to the enquiry letter, as of December 31, 2014 and December 31, 2015, the book balance of the company's inventory was 260 million yuan and 304 million yuan respectively, and the provision for inventory depreciation was 100,095,300 yuan and 3,394,460 yuan respectively. The accrual ratios were 3.89% and 11.16%, respectively. The company is required to combine the industry situation, technology development, market situation, inventory structure and price trend to explain the reasons for the higher proportion of inventory depreciation reserves in 2015 and the adequacy of the company's inventory depreciation reserve in 2014, and invite the company to review the annual review. The accountant issued a clear opinion on this.

The annual report also shows that as of December 31, 2015, the company's net receivables were 679 million yuan, an increase of 16.39% year-on-year. The net value of accounts receivable with an age of more than one year was 275 million yuan, accounting for the total accounts receivable. 40.48%. As a result, the second issue of the regulatory layer is mainly around the “accounts receivable with an age of more than one year”. The Shenzhen Stock Exchange requires listed companies to explain the following matters in light of industry conditions, business models, credit policies, etc. First, the main reason for the increase of 16.39% in accounts receivable in 2015, when operating income decreased by 6.2% in 2015; Second, the basic situation of the top five customers of the accounts receivable with an age of more than one year and the post-term repayments; Third, the accounts receivable with an age of more than one year account for a higher proportion of the total accounts receivable The main reason, and the company's proposed measures for these accounts receivable; Fourth, ask the accountant to explain the audit procedures for the authenticity of the accounts receivable in the past two years, and explain whether the audit evidence obtained is full.

Another focus of regulators' focus is on performance volatility in the income statement. The Shenzhen Stock Exchange pointed out that in the first to fourth quarters of 2015, the company's net profit attributable to shareholders of listed companies was 3,198,800 yuan, -1,508,140,000 yuan, 1,328,400 yuan and 2,105,900 yuan. Please explain the difference in performance of each quarter in 2015. The bigger reason. In addition, in the fourth quarter of 2014 and the fourth quarter of 2015, the company's revenue was RMB 85 million and RMB 214 million, respectively. The net profit attributable to shareholders of listed companies was -789.81 million and 2.5190 million respectively. Please explain the company in 2015. The reasons for the large changes in revenue and net profit in the fourth quarter were larger.

In addition, the Shenzhen Stock Exchange also has reasons for the formation of prepayments of the company aged over one year, the receipt of goods or write-offs after the period, the existence of significant bad debt risks and the composition and nature of other receivables. The questions related to the financial indicators were questioned, and the company was required to submit the relevant explanatory materials to the management department of the small and medium-sized board company before July 12 and disclose them to the public, and also copied the supervision office of the listed company of the Guangdong Securities Regulatory Bureau.

The handheld addresser is used to program the address of the monitoring module offline. When in use, connect the two output wires of the handheld encoder to the communication bus terminal (terminal label 1, 2) of the monitoring module, turn on the black power switch on the right side upwards, and press "ten Add", [Subtract ten", [Add one place" and [Subtract one place" to program the address.

Handheld Pulse Generator

Hd Encoders,Twitch Encoder,Resolver Encoder,Incremental Rotary Encoders

Changchun Guangxing Sensing Technology Co.LTD , https://www.gx-encoder.com

This entry was posted in on