Zhongxin Finance, April 24th. On the 24th, Tahoe Group Co., Ltd. received a letter of concern from the Shenzhen Stock Exchange. The letter of concern pointed out that on April 23, Tahoe Group disclosed the "Announcement of 2021 Annual Performance Forecast Amendment", and it is expected that the company will make an announcement in 2021. The net profit attributable to shareholders of listed companies was revised from a profit of 101 million yuan to 132 million yuan to a loss of 3.5 billion yuan to 4.6 billion yuan, and the net profit after deducting non-recurring gains and losses was revised from a profit of 372 million yuan to 483 million yuan to a loss of 36 From 100 million yuan to 4.8 billion yuan, the main reasons for the revision of performance are the supplementary provision for asset impairment losses, financial expenses, estimated liabilities, and adjustment of investment real estate appraisal appreciation.
The Shenzhen Stock Exchange Listed Company Management Department expressed concern about this and asked Tahoe Group to verify and explain 6 issues.
1. Explain the specific circumstances of this supplementary accrual of relevant asset impairment losses, including the accounting items involved in the asset, the supplementary accrual amount, the accrued amount during the reporting period, and the accrual of inventory depreciation reserves, and list the main items in detail. Project name, location, project format, development and construction situation, etc., and explain item by item the amount of inventory depreciation reserve, the specific calculation process of net realizable value, whether to learn from the evaluation work of an independent third party, relevant test methods, test procedures, Whether the selection of important parameters is significantly different from the previous year and previous performance forecast and its rationality.
2. Combined with the real estate market conditions and changing trends in the areas where the relevant projects are located, the market prices or estimated prices of nearby comparable projects, project sales and average sales prices, etc., to analyze in detail the reasonableness and compliance of the accrued amount of inventory depreciation reserves during the reporting period Whether there is a significant difference with the trend of comparable companies in the same industry.
3. Explain the specific situation of the investment real estate at the end of the reporting period, as well as the changes in fair value during the reporting period, the main evaluation process and basis of the fair value of the investment real estate, the difference and main reasons compared with the previous performance forecast, and combined with local comparable projects Market price, and analyze the rationality of the fair value of investment real estate.
4. Explain the debts that have expired but not repaid, the progress of litigation or arbitration, the accrual of estimated liabilities (including interest, penalty interest, liquidated damages, etc.), the accrued amount during the reporting period, and the details of the relevant debt restructuring and Progress, financing cost and main calculation process during the reporting period, the amount of interest capitalization and expense and its judgment basis, the difference compared to the previous performance forecast and the main reasons.
5. Explain in detail the time, method and extent of the impact of the industry market situation and the impact of the epidemic on the impairment loss of relevant assets of Tahoe Group, the main considerations for the re-evaluation of the relevant debt financing costs, and the provision of estimated liabilities according to the latest litigation progress. Based on this, whether the aforementioned circumstances that led to your company’s performance revision are post-period adjustments and the basis for judgment as stipulated in the Accounting Standards for Business Enterprises.
Ask the annual audit accountant to check and issue a clear opinion.
6. The announcement shows that Tahoe Group expects to achieve operating income of 4.260 billion yuan to 5.635 billion yuan in 2021, a significant increase from 1.582 billion yuan in the first three quarters of 2021, and the amount of non-recurring gains and losses has decreased compared to the previous performance forecast. .
Please explain the specific reasons and rationality of the significant increase in operating income in the fourth quarter of 2021 compared with the first three quarters, the main reasons for the difference in the amount of non-recurring gains and losses, and the basis for judgment.
The Shenzhen Stock Exchange requires Tahoe Group to make a written statement on the above issues, submit the relevant explanatory materials to the Shenzhen Stock Exchange Listed Company Management Department and disclose it to the outside world before April 28, 2022, and send a copy to the dispatched agency at the same time.
Shenzhen Stock Exchange reminds Tahoe Group and all its directors, supervisors and senior management to strictly abide by the Securities Law, the Company Law and other laws and regulations, as well as the Shenzhen Stock Exchange's "Stock Listing Rules" and other regulations, and truthfully, accurately, completely, timely and fairly. Fulfill the obligation of information disclosure.
(Finish)