Shenzhen Stock Exchange issued an annual report inquiry letter to Guangyunda (300227) on the 21st.CarcrashsimulatoronlineThe Shenzhen Stock Exchange is concerned aboutCarcrashsimulatoronlineThere are some problems, such as the increase of income, the increase of accounts receivable, the decrease of inventory turnover and so on.

One of the issues of concern to the Shenzhen Stock Exchange, the net profit last year was 5681.Carcrashsimulatoronline.58 million yuan, down 29% from the same period last yearCarcrashsimulatoronline.04%, realizing operating income of 1.073 billion yuan, an increase of 4.17% over the same period last year. While operating income has increased, net profit has declined for four consecutive years. The company's operating income is relatively stable in each quarter, but the net profit and the net cash flow generated by operating activities vary greatly and the changing trend is inconsistent, in which the fourth quarter net profit changes from negative to positive compared with the same period last year, but the deduction of non-net profit is still negative.

The Shenzhen Stock Exchange requires companies to combine industry segments and peer companies to explain the reasons and reasonableness of the long-term decline in gross profit margin of the company's products, the continued growth of operating income, and whether there is a situation of lowering the price to increase sales. Combined with the source of revenue recognition in the fourth quarter, explain whether there is a situation such as revenue recognition in advance, sales return and failure to write off revenue in time.

The second issue of concern to the Shenzhen Stock Exchange is the issue of accounts receivable. The final book balance of the company's accounts receivable is 647 million yuan, accounting for 64.07% of the operating income, an increase of 16.27% over the beginning of the period, and the turnover rate of accounts receivable has declined for many years in a row. Among them, the balance of accounts receivable according to the age combination is 618 million yuan, and the accounts receivable with the age of 1-2 years has increased significantly. The company only provides for the full impairment of accounts receivable with an age of more than 5 years, and the proportion of bad debts of accounts receivable with an age of less than 3 years is up to 30%. In addition, for the first time this year, the company has set aside an impairment provision for accounts receivable of Henan Junyi Intelligent Technology Co., Ltd., with a book balance of 16 million yuan and a 30% proportion of bad debts.

The Shenzhen Stock Exchange requires Guangyunda to explain whether the provision for bad debts is adequate; to analyze the reasons why the increase of accounts receivable in the current period exceeds the increase in operating income and the substantial increase in the balance of accounts receivable with an age of 1-2 years; explain the details of the top ten accounts receivable at the end of the reporting period and whether there is a relationship with the company's controlling shareholder and Dong Jiangao. The basis for the calculation and provision of accounts receivable in Junyi, Henan Province, whether there is a relationship with the company's controlling shareholder and Dong Jiangao, and whether there is insufficient provision for bad debts in the early stage.

The third issue of concern to the Shenzhen Stock Exchange is the balance of the company's inventory. At the end of the reporting period, the company's inventory book balance was 475 million yuan, accounting for 15.71% of the total assets, and the inventory turnover rate was 1.73, which has declined for many years.

The exchange requires to explain the reasons and rationality of the relatively large proportion of issued commodities, the reasons and rationality of the large balance in the provision for falling prices of goods in stock, and whether there are cases such as unfulfilled orders, sales returns, unsalable products, and so on; whether the proportion of inventory in assets is consistent with comparable companies in the same industry.

In addition, the Shenzhen Stock Exchange is also concerned about the goodwill balance, monetary funds, the final balance of other receivables, the final balance of long-term equity investment, and the balance of projects under construction in the Guangyunda annual report.