Tianze information receiving letter: it is required to explain t-ESG跨境

China Singapore Jingwei client, September 9 - the management department of gem issued the inquiry letter on the semi annual report of Tianze Information Industry Co., Ltd. to Tianze information on September 9, Ask them to explain the reason and rationality of choosing to continue to focus on Amazon and abandon the independent station business

the inquiry letter shows that in the early stage of Tianze information disclosure, about 340 sites of Shenzhen youkeshu Technology Co., Ltd. (hereinafter referred to as "youkeshu") were shut down by Amazon and about 130 million yuan of funds were frozen due to violation of platform operation rules during the reporting period, one tree achieved a sales revenue of 1.092 billion yuan, a year-on-year decrease of 51.12%, a net profit loss of 742 million yuan, and the balance of goodwill formed by the acquisition of one tree was 870 million yuan, without provision for impairment

there is a tree in cross-border e-commerce, and the parent company is Tianze information. According to the official website, Tianze information focuses on providing industrial Internet IT services. So far, it has formed four business groups: modern manufacturing, public services, cross-border e-commerce, overseas and investment

the management department of gem requires Tianze information to verify and explain: as of the date of reply, the number of stores closed by Amazon and the amount of frozen funds, whether the above situation continues to deteriorate, and the countermeasures the company has taken and plans to take, Reasons and rationality for choosing to continue to focus on Amazon and abandon the independent station business Add whether there are similar situations in stores of other e-commerce platforms and whether the coping strategies adopted are practical and effective. Prudently assess whether the goodwill formed by the acquisition of a tree shows signs of impairment, and the reason and rationality for not withdrawing the provision for goodwill impairment in the current period

according to the requirements of the inquiry letter, Tianze information explains the details of the provision for falling price of inventory goods, and the reasons and rationality of the provision for falling price of inventory goods during the reporting period; The specific content of contract performance cost accounting, the method of cost centralized carry forward, the progress of carry forward after the period, and the reason and rationality of the significant increase in the amount of impairment provision in the current period; Inventory category, book balance, balance of falling price reserves, reasons for inventory gain or loss during the reporting period, as well as the effectiveness and improvement measures of the implementation of inventory management system

at the same time, the inquiry letter mentioned that at the end of the reporting period, the book balance of Tianze information accounts receivable was 1.231 billion yuan, and the provision proportion for bad debts was 47.9%, of which the provision proportion for bad debts of B2B and B2C businesses increased significantly year-on-year in this regard, the inquiry letter requires Tianze information to explain the reasons for the increase in the proportion of bad debt provision, the credit risk of the debtor, the reasons and rationality for the increase of sales revenue from shopee and the high proportion of accounts receivable, and analyze whether the provision for bad debt provision is sufficient demonstrate the basis and rationality of paying 80% or 50% of the received payment to sea level company, and whether there is a situation of transferring benefits to related parties

the inquiry letter pointed out that at the end of the reporting period, the deposit receivable from independent station platform Shopify in other receivables was 13.7688 million yuan, and the corresponding ending balance of bad debt provision was 6.8844 million yuan, an increase of 6.15 million yuan compared with the beginning of the period. Tianze information is required to explain the reason and rationality that there is still a large amount of margin and the amount of bad debt provision has increased significantly in the case of a significant reduction in the scale of independent stations and the number of stores, and whether there is a situation that the margin cannot be recovered due to violation of platform rules

the inquiry letter also requires Tianze information to explain the specific details of prepayments, the reasons and rationality of the significant increase of prepayments during the reporting period. The specific content and accounting method of order execution fee, and the reason and rationality of the significant increase of order execution fee

according to the inquiry letter, Tianze information explains the reason and rationality of the increase in cash expenditure related to the significant loss of employees; The business content, formation reason and fund purpose of cash payment, the reason and rationality of the significant increase in the ending balance, whether the relevant counterparty is a related party, and whether there is a benefit transfer to the related party through fictitious transactions

the inquiry letter also mentioned that the shares held by the company's shareholders Wuxi Zhongzhu Group Co., Ltd. (hereinafter referred to as "Zhongzhu group") and sun birong have been frozen by the judiciary. Among them, Zhongzhu group entrusted all the voting rights of its shares to Xiao Siqing, the actual controller, in May 2020, Xiao Siqing's current equity pledge ratio is 50%. It is required to explain the progress of the pledge and freezing of relevant shareholders' shares so far, whether there is a risk of disposal of the above shares, the impact on the company's production and operation, the stability of control and other aspects, and risk resolution measures

according to the semi annual report of Tianze information, at the end of the reporting period, the balance of accounts payable of the company was 474 million yuan, including purchase payment of 318 million yuan, a decrease of 10.02% compared with the beginning of the period, and terminal logistics payment of 71.92 million yuan, a decrease of 10.88% compared with the beginning of the period

in this regard, the management department of gem requires Tianze information to explain whether the purchase amount matches the income scale, whether the purchased goods have been received and warehoused, whether there are purchase arrears without real transaction background, and the settlement period and post period carry forward of accounts payable, Whether there is any situation of arrears to suppliers

in the secondary market, Tianze information closed at 5.42 yuan / share on the 9th, down 2.34%. (Zhongxin Jingwei APP)

for more highlights, please follow the official wechat official account of Zhongxin Jingwei (jwview)

特別聲明：以上文章內(nèi)容僅代表作者本人觀點(diǎn)，不代表ESG跨境電商觀點(diǎn)或立場(chǎng)。如有關(guān)于作品內(nèi)容、版權(quán)或其它問題請(qǐng)于作品發(fā)表后的30日內(nèi)與ESG跨境電商聯(lián)系。