Although the 2023 financial report has been issued for more than a month and heldbingoplusgcashShareholders 'meeting, but Rongfeng Holdings (000668bingoplusgcash.SZ, stock price 7bingoplusgcash. 73 yuan, with a market value of 1.135 billion yuan), the huge changes in revenue have not "escaped" the attention and inquiries of the exchange.
On the morning of May 20, the listed company management department of the Shenzhen Stock Exchange issued an annual report inquiry letter to Rongfeng Holdings. The inquiry letter mainly focused on Rongfeng Holdings 'revenue performance last year.
The reporter of "Daily Economic News" noted that Rongfeng Holdings '2023 financial report showed that the company achieved operating income of 117 million yuan during the reporting period, a year-on-year decrease of 81.65%. Among them, the operating income achieved in the fourth quarter was 77 million yuan, accounting for the proportion of the annual operating income. It was 65.45%, and the net profit loss attributable to the parent was 50 million yuan, a year-on-year decrease of 30.85%. The net profit loss after deducting non-profits from the parent was 61 million yuan, a year-on-year decrease of 27.38%.
In the inquiry letter, the Shenzhen Stock Exchange required Rongfeng Holdings to explain the reasons for the decline in operating income and net profit during the reporting period, but the year-on-year decrease in net profit after deducting non-profit, as well as the reasons and rationality of the significant year-on-year increase in net cash flow from operating activities based on the industry environment and operating conditions in which its main business is located.
It is worth noting that in 2023, Rongfeng Holdings will carry out its medical device businessbingoplusgcashAfter divestiture and disposal, the company's main business is real estate development and operation. But in terms of performance, this business is very weak.
Rongfeng Holdings '2023 financial report shows that during the reporting period, the company had no new land reserves or new development projects. Currently, it only holds the Changchun International Financial Center project. The project is located at the intersection of Renmin Street and Jiefang Road in Nanguan District, Changchun City. The planned land area is 32,600 square meters, the total construction area is 291,500 square meters, and the main building height is 226 meters, making it the tallest building in Jilin Province.
The singleness of the project also limits Rongfeng Holdings 'revenue sources. In the inquiry letter, the Shenzhen Stock Exchange asked Rongfeng Holdings to explain the reasons and rationality why the company's revenue was mainly concentrated in the fourth quarter, and whether there were surprise transactions at the end of the year, false transactions or early recognition of revenue, thereby avoiding the risk warning of delisting the company's shares. Situation, whether the recognition of relevant business income complies with the provisions of the Accounting Standards for Business Enterprises.
At the same time, Rongfeng Holdings 'annual report also showed that the total amount of the company's operating income deductions during the reporting period was 507,900 yuan, mainly for other business income such as property fees and sporadic income.
Based on the above facts, the Shenzhen Stock Exchange requires Rongfeng Holdings to comprehensively verify whether the deduction of operating income is sufficient, accurate and complete, and whether there are other needs. The income deducted is subject to any circumstances in accordance with the relevant provisions on the deduction of operating income in the "Guidelines for Self-Regulation of Listed Companies No. 1-Business Handling".
