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	<title>Financial report &#8211; Spress</title>
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	<description>Spress is a general newspaper in English which is updated 24 hours a day.</description>
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<site xmlns="com-wordpress:feed-additions:1">191965906</site>	<item>
		<title>The original misses you to return to the main business for one year, and the financial report is inquired: net profit has been in loss for two consecutive quarters, and the gross profit margin of red dates has fallen by 3 percentage points.</title>
		<link>https://en.spress.net/the-original-misses-you-to-return-to-the-main-business-for-one-year-and-the-financial-report-is-inquired-net-profit-has-been-in-loss-for-two-consecutive-quarters-and-the-gross-profit-margin-of-red/</link>
		
		<dc:creator><![CDATA[editor]]></dc:creator>
		<pubDate>Mon, 21 Jun 2021 03:18:07 +0000</pubDate>
				<category><![CDATA[World]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Consecutive]]></category>
		<category><![CDATA[Dates]]></category>
		<category><![CDATA[fallen]]></category>
		<category><![CDATA[financial]]></category>
		<category><![CDATA[Financial report]]></category>
		<category><![CDATA[gross]]></category>
		<category><![CDATA[inquired]]></category>
		<category><![CDATA[Loss]]></category>
		<category><![CDATA[main]]></category>
		<category><![CDATA[margin]]></category>
		<category><![CDATA[misses]]></category>
		<category><![CDATA[Net]]></category>
		<category><![CDATA[Original]]></category>
		<category><![CDATA[percentage]]></category>
		<category><![CDATA[POINTS]]></category>
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		<category><![CDATA[red]]></category>
		<category><![CDATA[Report]]></category>
		<category><![CDATA[Return]]></category>
		<category><![CDATA[The financial]]></category>
		<category><![CDATA[year]]></category>
		<guid isPermaLink="false">https://en.spress.net/the-original-misses-you-to-return-to-the-main-business-for-one-year-and-the-financial-report-is-inquired-net-profit-has-been-in-loss-for-two-consecutive-quarters-and-the-gross-profit-margin-of-red/</guid>

					<description><![CDATA[Author丨Li Wenxian Produced丨Sohu Finance It has been a year since the sale of Baicao Wei, and I missed you for announcing the focus on the main business of red dates, but you have repeatedly fallen into doubts from investors. On June 14, I really want you to receive an annual report inquiry letter from the [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><img fifu-featured="1" decoding="async" src="https://p1.itc.cn/q_70/images01/20210615/a6e857ea896449d8bfd398a7cd6595b9.jpeg" max-width="600"></p>
<p><strong> Author丨Li Wenxian</strong></p>
<p><strong> Produced丨Sohu Finance</strong></p>
<p>It has been a year since the sale of Baicao Wei, and I missed you for announcing the focus on the main business of red dates, but you have repeatedly fallen into doubts from investors.</p>
<p>On June 14, I really want you to receive an annual report inquiry letter from the Shenzhen Stock Exchange, and you were asked to respond to 11 questions about the sale of Holmes, performance, and the decline in the gross profit margin of jujube products.</p>
<p>Since the delivery was completed in June last year, I miss your net profit for two consecutive quarters. In 2020, the gross profit rate of jujube and related products is 29.34%, a year-on-year decrease of 3.46%.</p>
<p>One year after the release of the share repurchase plan, I really want you to significantly reduce the repurchase ratio. During the period, the second largest shareholder Hangzhou Haohong Industrial Co., Ltd. (hereinafter referred to as &#8220;Hangzhou Haohong&#8221;) reduced its shareholding nine times and cashed out about 180 million yuan in total. .</p>
<p>Since the announcement of the reduction of the repurchase ratio, I miss your share price plummeting for 5 consecutive trading days. As of today&#8217;s close, I miss your share price at 10.30 yuan, down 1.62%.</p>
<p><strong> After selling Baicaowei, I miss your net profit for two consecutive quarters.</strong></p>
<p>After selling Baicaowei, I really miss your revenue in 2020.</p>
<p>The annual report shows that in 2020, I miss you to achieve operating income of 3.001 billion yuan, a year-on-year decrease of 49.65%.</p>
<p>On February 23, 2020, I miss you an announcement that it will sell 100% of Baicaowei&#8217;s equity. The buyer is Pepsi Beverage, a subsidiary of PepsiCo. The negotiated transaction price of the two parties is US$705 million, which is approximately RMB 5 billion.</p>
<p>On May 14th last year, I missed the transfer of the equity you held in Holmes (that is, Baicaowei) to Pepsi Beverage. On June 2nd of the same year, I missed the announcement that you had received US$698 million from Pepsi.</p>
<p>According to the disclosure, from the first quarter to the fourth quarter of 2020, I miss you operating income of 1.773 billion yuan, 713 million yuan, 250 million yuan and 264 million yuan, respectively. The third and fourth quarter revenues are less than the sixth quarter of the first quarter. One part.</p>
<p> At the same time, in the third and fourth quarters, I miss you a loss of 18 million yuan and 83 million yuan in net profit respectively in the two quarters. After deducting non-net profits, you will lose three consecutive quarters. The second, third, and fourth quarters will lose about 114 million yuan, 17 million yuan and 19 million yuan.</p>
<p><img decoding="async" src="https://p2.itc.cn/q_70/images01/20210615/0a7672f3bb5a48108f4c610465da5a82.jpeg" max-width="600"></p>
<p>The Shenzhen Stock Exchange asks you to combine the situation of comparable companies in the same industry, as well as the seasonal characteristics of the company&#8217;s business (if any), market demand changes, product price trends, cost and expense confirmation basis, and changes in amounts, and explain the quarters of the reporting period. The reasons and reasonableness of the large fluctuations in financial data, and whether there is an inter-period recognition of income or expenses.</p>
<p><strong> Jujube business revenue declines year after year, gross profit margin declines 3.46%</strong></p>
<p>Before selling Baicaowei, I miss your jujube business has been declining year after year.</p>
<p>From 2017 to 2019, the revenue of I miss you jujube products were 961 million yuan, 868 million yuan, and 735 million yuan, respectively, accounting for 23.61%, 17.54%, and 12.33% of the revenue. Revenue has fallen for two consecutive years.</p>
<p>In 2020, I miss your jujube revenue of approximately 666 million yuan, a year-on-year decline of 18.87%, and a gross profit margin of 3.46%.</p>
<p>Compared with jujube products, nuts have contributed 1.187 billion yuan in revenue, which is nearly twice that of jujube business, but they are also facing a decline in gross profit margin.</p>
<p>The financial report shows that in 2020, the gross profit margin of I miss you nuts products is 20.90%, a year-on-year decrease of 4.36%.</p>
<p><img decoding="async" src="https://p5.itc.cn/q_70/images01/20210615/4243ca8088df4a7a908384aead033b7e.png" max-width="600"></p>
<p>The inquiry letter requires you to combine marketing model, product positioning, market share, cost structure and other factors to explain the reasons for the decline in the gross profit rate of red dates and nuts during the reporting period, and analyze whether related factors will continue to affect the company&#8217;s production and operation.</p>
<p>I miss you announcing the return to the main business of jujube, and decided to terminate the contract of 4770 acres of land leased by the subsidiary Xinjiang Jujube Agriculture and Forestry Co., Ltd., and concentrate resources on the company&#8217;s own high-quality raw material base.</p>
<p>After the termination of the land lease agreement, you no longer own the ownership of the jujube trees, employee dormitories, warehouses and other ground attachments on the corresponding land, and the remaining land lease fees paid will no longer be returned. The total asset loss is 45.66 million yuan.</p>
<p>The inquiry letter requires you to estimate whether the cost of using the leased land to obtain raw materials such as red dates is significantly different from the cost of the company obtaining raw materials such as red dates through other channels. Combined with the reasons for your company&#8217;s early termination of the land lease, further explain the company&#8217;s termination of the land lease Whether it is conducive to safeguarding the interests of listed companies.</p>
<p>At the same time, according to the disclosure that I wanted to focus on the main business of red dates when you sold the shares of Holmes, it explained whether the company took other methods to consolidate the supply of upstream raw materials while terminating the 4770 mu land lease of the subsidiary Xinjiang Dazaoshu Agriculture and Forestry Co., Ltd. .</p>
<p><strong> The repurchase plan has shrunk sharply, the second shareholder reduced their holdings and cashed out 180 million yuan</strong></p>
<p>I really miss you to change the stock repurchase plan, which also caused investor complaints.</p>
<p>On June 3, 2021, I really want you to disclose the &#8220;Announcement on Adjusting the Share Repurchase Program&#8221; stating that the number of shares to be repurchased will be adjusted to no less than 41.2 million shares and no more than 67.2 million shares.</p>
<p>Compared to the most embarrassing repurchase plan in history that was thrown out in June last year, the number of shares you bought back has shrunk dramatically.</p>
<p>I really want you to disclose that the number of shares repurchased is no less than 113 million shares and no more than 226 million shares, accounting for no less than 21.91% and no more than 43.83% of the company&#8217;s total share capital. The repurchase price does not exceed 13 yuan per share.</p>
<p>As of May 10, 2021, I really want you to repurchase approximately 28.79 million shares through centralized auction trading, accounting for 5.58% of the company&#8217;s current total share capital. The highest transaction price is 13 yuan per share, and the lowest transaction price is 10.93. Yuan/share, the total turnover is about 339 million yuan.</p>
<p>During the period, Hangzhou Haohong, the second largest shareholder, reduced its shareholding 9 times, with a cumulative reduction of 13.84 million shares. The number of changes accounted for more than 3% of the outstanding shares. The average transaction price was 11.95 yuan to 13.79 yuan, and the cumulative cash out was about 180 million yuan.</p>
<p>After the announcement of the adjustment plan, I miss your stock price plummeting for 5 consecutive trading days.</p>
<p>The inquiry letter asks, I really want you to further explain the reason and rationality of the company&#8217;s adjustment to the repurchase plan in the past 12 months before the shareholders&#8217; meeting reviewed and approved the share repurchase plan, and whether there is a situation of using repurchase matters to cooperate with relevant entities to reduce holdings Wait.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">26121</post-id>	</item>
		<item>
		<title>Original Weilai, Ideal, Xiaopeng’s first quarter financial report is released, and the total revenue is only 1/5 of Tesla</title>
		<link>https://en.spress.net/original-weilai-ideal-xiaopengs-first-quarter-financial-report-is-released-and-the-total-revenue-is-only-1-5-of-tesla/</link>
		
		<dc:creator><![CDATA[editor]]></dc:creator>
		<pubDate>Sun, 20 Jun 2021 08:40:13 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[financial]]></category>
		<category><![CDATA[Financial report]]></category>
		<category><![CDATA[Ideal]]></category>
		<category><![CDATA[Original]]></category>
		<category><![CDATA[quarter]]></category>
		<category><![CDATA[released]]></category>
		<category><![CDATA[Report]]></category>
		<category><![CDATA[Revenue]]></category>
		<category><![CDATA[Tesla]]></category>
		<category><![CDATA[total]]></category>
		<category><![CDATA[Weilai]]></category>
		<category><![CDATA[Xiaopengs]]></category>
		<guid isPermaLink="false">https://en.spress.net/original-weilai-ideal-xiaopengs-first-quarter-financial-report-is-released-and-the-total-revenue-is-only-1-5-of-tesla/</guid>

					<description><![CDATA[According to the micro-net news, as Ideal Auto recently announced its financial report for the first quarter of 2021, the three major new domestic automakers, Weilai Auto, Ideal Auto, and Xiaopeng Auto have all released their first quarter revenues. According to statistics, the three companies have combined their operations in the first quarter. Revenue was [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><img fifu-featured="1" decoding="async" src="https://p6.itc.cn/images01/20210614/722d3bf94f7c40bd9cfedac108527a4e.png" max-width="600"></p>
<p>According to the micro-net news, as Ideal Auto recently announced its financial report for the first quarter of 2021, the three major new domestic automakers, Weilai Auto, Ideal Auto, and Xiaopeng Auto have all released their first quarter revenues. According to statistics, the three companies have combined their operations in the first quarter. Revenue was 14.513 billion yuan, only 21.86% of Tesla&#8217;s first quarter revenue.</p>
<p>In the first quarter of this year, Weilai Automobile’s total revenue was RMB 7.982 billion, an increase of 481.8% compared with the same period of the previous year; net loss was RMB 451 million, which was a decrease of 73.3% compared with the same period of the previous year; attributable to the company’s common stock Shareholders’ net loss was RMB 4.875 billion, an increase of 183.0% compared to the same period last year.</p>
<p>Ideal Auto&#8217;s total revenue in the first quarter of 2021 was 3.58 billion yuan, an increase of 319.8% from 851.7 million yuan in the same period in 2020; a net loss of 360 million yuan, an increase of 366.9% from the net loss of 77.1 million yuan in the same period in 2020. In this quarter, the deliveries of Ideal ONE were 12,579 units, an increase of 334.4% from 2,896 units in the same period in 2020; car deliveries in the second quarter are expected to reach 14,500-15,500 units, a year-on-year increase of 119.6% to 134.7%. At the same time, Ideal Auto’s auto sales in the quarter were 3.46 billion yuan, an increase of 311.8% year-on-year; the auto profit margin was 16.9%.</p>
<p>Xiaopeng Automobile’s total revenue in the first quarter was 2.951 billion yuan, a year-on-year increase of 616.1%; of which 13,340 vehicles were delivered and sales revenue was 2.81 billion yuan, a year-on-year increase of 655.2%; in addition, the gross profit margin was 11.2%, a year-on-year decrease of 4.8%; net The loss was 786.6 million yuan, an increase of 21.05% year-on-year. For the second quarter, Xiaopeng Motors expects vehicle deliveries to be 15,500-16,000 vehicles, a year-on-year increase of approximately 380.2% to 395.7%.</p>
<p>In the same period, Tesla’s revenue in the first quarter reached 10.4 billion U.S. dollars (about 66.39 billion yuan), an increase of 74% year-on-year; net profit was 464 million U.S. dollars, an increase of 582% year-on-year; net profit attributable to common shareholders was 438 million U.S. dollars, A year-on-year increase of 2638%; of which sales of carbon credits achieved revenue of US$518 million.</p>
<p>The total revenue of the three new domestic car manufacturers in the first quarter was 14.513 billion yuan, only 21.86% of Tesla&#8217;s, and none of them achieved profitability. The analysis believes that the investment in R&amp;D by the three new car manufacturers is an important reason why they have not yet been able to achieve profitability. In the first quarter of this year, the research and development expenses of Weilai Automobile, Ideal Automobile and Xiaopeng Automobile were 687 million yuan, 515 million yuan, and 535 million yuan, respectively, accounting for 8.61%, 14.41%, and 18.13% of overall revenue.</p>
<p>It should be noted that Ideal Automobile achieved a profit of 108 million yuan in the fourth quarter of 2020. Although it failed to maintain profitability in the first quarter of this year, Ideal Automobile is still expected to become the first of the three new car manufacturers to achieve a positive annual net profit. enterprise. (Proofreading/Arden)</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">25832</post-id>	</item>
		<item>
		<title>Originally missed your return to the main business for a year’s financial report and was inquired: net profit lost for two consecutive quarters, and the gross profit margin of red dates fell by 3%</title>
		<link>https://en.spress.net/originally-missed-your-return-to-the-main-business-for-a-years-financial-report-and-was-inquired-net-profit-lost-for-two-consecutive-quarters-and-the-gross-profit-margin-of-red-dates-fell-b-2/</link>
		
		<dc:creator><![CDATA[editor]]></dc:creator>
		<pubDate>Sun, 20 Jun 2021 06:43:15 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Consecutive]]></category>
		<category><![CDATA[Dates]]></category>
		<category><![CDATA[fell]]></category>
		<category><![CDATA[financial]]></category>
		<category><![CDATA[Financial report]]></category>
		<category><![CDATA[gross]]></category>
		<category><![CDATA[inquired]]></category>
		<category><![CDATA[lost]]></category>
		<category><![CDATA[main]]></category>
		<category><![CDATA[margin]]></category>
		<category><![CDATA[Missed]]></category>
		<category><![CDATA[Net]]></category>
		<category><![CDATA[Originally]]></category>
		<category><![CDATA[profit]]></category>
		<category><![CDATA[quarters]]></category>
		<category><![CDATA[red]]></category>
		<category><![CDATA[Report]]></category>
		<category><![CDATA[Return]]></category>
		<category><![CDATA[Years]]></category>
		<guid isPermaLink="false">https://en.spress.net/originally-missed-your-return-to-the-main-business-for-a-years-financial-report-and-was-inquired-net-profit-lost-for-two-consecutive-quarters-and-the-gross-profit-margin-of-red-dates-fell-b-2/</guid>

					<description><![CDATA[Author丨Li Wenxian Produced丨Sohu Finance It has been a year since the sale of Baicao Wei, and I missed you to announce the focus on the main business of red dates, but you have repeatedly fallen into doubts from investors. On June 14, I really want you to receive an annual report inquiry letter from the [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><img fifu-featured="1" decoding="async" src="https://p1.itc.cn/q_70/images01/20210615/a6e857ea896449d8bfd398a7cd6595b9.jpeg" max-width="600"></p>
<p><strong> Author丨Li Wenxian</strong></p>
<p><strong> Produced丨Sohu Finance</strong></p>
<p>It has been a year since the sale of Baicao Wei, and I missed you to announce the focus on the main business of red dates, but you have repeatedly fallen into doubts from investors.</p>
<p>On June 14, I really want you to receive an annual report inquiry letter from the Shenzhen Stock Exchange, and you were asked to respond to 11 questions about the sale of Holmes, performance, and the decline in the gross profit margin of jujube products.</p>
<p>Since the delivery was completed in June last year, I miss your net profit for two consecutive quarters. In 2020, the gross profit rate of jujube and related products is 29.34%, a year-on-year decrease of 3.46%.</p>
<p>One year after the release of the share repurchase plan, I really want you to significantly reduce the repurchase ratio. During the period, the second largest shareholder Hangzhou Haohong Industrial Co., Ltd. (hereinafter referred to as &#8220;Hangzhou Haohong&#8221;) reduced its shareholding nine times and cashed out about 180 million yuan in total. .</p>
<p>Since the announcement of the reduction of the repurchase ratio, I miss your share price plummeting for 5 consecutive trading days. As of today&#8217;s close, I miss your share price at 10.30 yuan, down 1.62%.</p>
<p><strong> After selling Baicaowei, I miss your net profit for two consecutive quarters.</strong></p>
<p>After selling Baicaowei, I really miss your revenue in 2020.</p>
<p>The annual report shows that in 2020, I miss you to achieve operating income of 3.001 billion yuan, a year-on-year decrease of 49.65%.</p>
<p>On February 23, 2020, I miss you an announcement that it will sell 100% of Baicaowei&#8217;s equity. The buyer is Pepsi Beverage, a subsidiary of PepsiCo. The negotiated transaction price of the two parties is US$705 million, which is approximately RMB 5 billion.</p>
<p>On May 14th last year, I missed the transfer of the equity you held in Holmes (that is, Baicaowei) to Pepsi Beverage. On June 2nd of the same year, I missed the announcement that you had received US$698 million from Pepsi.</p>
<p>According to the disclosure, from the first quarter to the fourth quarter of 2020, I miss you operating income of 1.773 billion yuan, 713 million yuan, 250 million yuan and 264 million yuan, respectively. The third and fourth quarter revenues are less than the sixth quarter of the first quarter. One part.</p>
<p> At the same time, in the third and fourth quarters, I miss you a loss of 18 million yuan and 83 million yuan in net profit respectively in the two quarters. After deducting non-net profit, you will lose three consecutive quarters. In the second, third and fourth quarters, the net profit after deduction of non-profit loss will be about 114 million yuan, 17 million yuan, and 19 million yuan.</p>
<p><img decoding="async" src="https://p2.itc.cn/q_70/images01/20210615/0a7672f3bb5a48108f4c610465da5a82.jpeg" max-width="600"></p>
<p>The Shenzhen Stock Exchange asks you to combine the situation of comparable companies in the same industry, as well as the seasonal characteristics of the company&#8217;s business (if any), market demand changes, product price trends, cost and expense confirmation basis, and changes in amounts, and explain the quarters of the reporting period. The reasons and reasonableness of the large fluctuations in financial data, and whether there is an inter-period recognition of income or expenses.</p>
<p><strong> Jujube business revenue declines year after year, gross profit margin declines 3.46%</strong></p>
<p>Before selling Baicaowei, I miss your jujube business has been declining year after year.</p>
<p>From 2017 to 2019, the revenue of I miss you jujube products were 961 million yuan, 868 million yuan, and 735 million yuan, respectively, accounting for 23.61%, 17.54%, and 12.33% of the revenue. Revenue has fallen for two consecutive years.</p>
<p>In 2020, I miss you jujube revenue of about 666 million yuan, down 18.87% year-on-year, and gross profit margin down 3.46%.</p>
<p>Compared with jujube products, nuts have contributed 1.187 billion yuan in revenue, which is nearly twice that of jujube business, but they are also facing a decline in gross profit margin.</p>
<p>The financial report shows that in 2020, the gross profit margin of I miss you nuts products is 20.90%, a year-on-year decrease of 4.36%.</p>
<p><img decoding="async" src="https://p5.itc.cn/q_70/images01/20210615/4243ca8088df4a7a908384aead033b7e.png" max-width="600"></p>
<p>The inquiry letter requires you to combine marketing model, product positioning, market share, cost structure and other factors to explain the reasons for the decline in the gross profit rate of red dates and nuts during the reporting period, and analyze whether related factors will continue to affect the company&#8217;s production and operation.</p>
<p>I miss you announcing the return to the main business of jujube, and decided to terminate the contract of 4770 acres of land leased by the subsidiary Xinjiang Jujube Agriculture and Forestry Co., Ltd., and concentrate resources on the company&#8217;s own high-quality raw material base.</p>
<p>After the termination of the land lease agreement, you no longer own the ownership of the jujube trees, employee dormitories, warehouses and other ground attachments on the corresponding land, and the remaining land lease fees paid will no longer be returned. The total asset loss is 45.66 million yuan.</p>
<p>The inquiry letter requires you to estimate whether the cost of using the leased land to obtain raw materials such as red dates is significantly different from the cost of the company obtaining raw materials such as red dates through other channels. Combined with the reasons for your company&#8217;s early termination of the land lease, further explain the company&#8217;s termination of the land lease Is it conducive to safeguarding the interests of listed companies?</p>
<p>At the same time, according to the disclosure that I wanted to focus on the main business of red dates when you sold the shares of Holmes, it explained whether the company took other methods to consolidate the supply of upstream raw materials while terminating the 4770 mu land lease of the subsidiary Xinjiang Dazaoshu Agriculture and Forestry Co., Ltd. .</p>
<p><strong> The repurchase plan has shrunk sharply, the second shareholder reduces their holdings to cash out 180 million yuan</strong></p>
<p>I really miss you to change the stock repurchase plan, which also caused investor complaints.</p>
<p>On June 3, 2021, I really want you to disclose the &#8220;Announcement on Adjusting the Share Repurchase Program&#8221; stating that the number of shares to be repurchased will be adjusted to no less than 41.2 million shares and no more than 67.2 million shares.</p>
<p>Compared to the worst repurchase plan in history that was thrown out in June last year, the number of shares you bought back has shrunk dramatically.</p>
<p>I really want you to disclose that the number of shares repurchased is no less than 113 million shares and no more than 226 million shares, accounting for no less than 21.91% and no more than 43.83% of the company&#8217;s total share capital. The repurchase price does not exceed 13 yuan per share.</p>
<p>As of May 10, 2021, I really want you to repurchase approximately 28.79 million shares through centralized auction trading, accounting for 5.58% of the company&#8217;s current total share capital. The highest transaction price is 13 yuan per share, and the lowest transaction price is 10.93. Yuan/share, the total turnover is about 339 million yuan.</p>
<p>During the period, Hangzhou Haohong, the second largest shareholder, reduced its shareholding 9 times, with a cumulative reduction of 13.84 million shares. The number of changes accounted for more than 3% of the outstanding shares. The average transaction price was 11.95 yuan to 13.79 yuan, and the cumulative cash out was about 180 million yuan.</p>
<p>After the announcement of the adjustment plan, I miss your stock price plummeting for 5 consecutive trading days.</p>
<p>The inquiry letter asks, I really want you to further explain the reason and rationality of the company&#8217;s adjustment to the repurchase plan in the past 12 months before the shareholders&#8217; meeting reviewed and approved the share repurchase plan, and whether there is a situation of using repurchase matters to cooperate with relevant entities to reduce holdings Wait.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">25800</post-id>	</item>
		<item>
		<title>Originally missed your return to the main business for a year’s financial report and was inquired: net profit lost for two consecutive quarters, and the gross profit margin of red dates fell by 3%</title>
		<link>https://en.spress.net/originally-missed-your-return-to-the-main-business-for-a-years-financial-report-and-was-inquired-net-profit-lost-for-two-consecutive-quarters-and-the-gross-profit-margin-of-red-dates-fell-b/</link>
		
		<dc:creator><![CDATA[editor]]></dc:creator>
		<pubDate>Sun, 20 Jun 2021 05:40:12 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Financial report]]></category>
		<guid isPermaLink="false">https://en.spress.net/originally-missed-your-return-to-the-main-business-for-a-years-financial-report-and-was-inquired-net-profit-lost-for-two-consecutive-quarters-and-the-gross-profit-margin-of-red-dates-fell-b/</guid>

					<description><![CDATA[Author丨Li Wenxian Produced丨Sohu Finance It has been a year since the sale of Baicao Wei, and I missed you to announce the focus on the main business of red dates, but you have repeatedly fallen into doubts from investors. On June 14, I really want you to receive an annual report inquiry letter from the [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><img fifu-featured="1" decoding="async" src="https://p1.itc.cn/q_70/images01/20210615/a6e857ea896449d8bfd398a7cd6595b9.jpeg" max-width="600"></p>
<p><strong> Author丨Li Wenxian</strong></p>
<p><strong> Produced丨Sohu Finance</strong></p>
<p>It has been a year since the sale of Baicao Wei, and I missed you to announce the focus on the main business of red dates, but you have repeatedly fallen into doubts from investors.</p>
<p>On June 14, I really want you to receive an annual report inquiry letter from the Shenzhen Stock Exchange, and you were asked to respond to 11 questions about the sale of Holmes, performance, and the decline in the gross profit margin of jujube products.</p>
<p>Since the delivery was completed in June last year, I miss your net profit for two consecutive quarters. In 2020, the gross profit rate of jujube and related products is 29.34%, a year-on-year decrease of 3.46%.</p>
<p>One year after the release of the share repurchase plan, I really want you to significantly reduce the repurchase ratio. During the period, the second largest shareholder Hangzhou Haohong Industrial Co., Ltd. (hereinafter referred to as &#8220;Hangzhou Haohong&#8221;) reduced its shareholding nine times and cashed out about 180 million yuan in total. .</p>
<p>Since the announcement of the reduction of the repurchase ratio, I miss your share price plummeting for 5 consecutive trading days. As of today&#8217;s close, I miss your share price at 10.30 yuan, down 1.62%.</p>
<p><strong> After selling Baicaowei, I miss your net profit for two consecutive quarters.</strong></p>
<p>After selling Baicaowei, I really miss your revenue in 2020.</p>
<p>The annual report shows that in 2020, I miss you to achieve operating income of 3.001 billion yuan, a year-on-year decrease of 49.65%.</p>
<p>On February 23, 2020, I miss you an announcement that it will sell 100% of Baicaowei&#8217;s equity. The buyer is Pepsi Beverage, a subsidiary of PepsiCo. The negotiated transaction price of the two parties is US$705 million, which is approximately RMB 5 billion.</p>
<p>On May 14th last year, I missed the transfer of the equity you held in Holmes (that is, Baicaowei) to Pepsi Beverage. On June 2nd of the same year, I missed the announcement that you had received US$698 million from Pepsi.</p>
<p>According to the disclosure, from the first quarter to the fourth quarter of 2020, I miss you operating income of 1.773 billion yuan, 713 million yuan, 250 million yuan and 264 million yuan, respectively. The third and fourth quarter revenues are less than the sixth quarter of the first quarter. One part.</p>
<p> At the same time, in the third and fourth quarters, I miss you a loss of 18 million yuan and 83 million yuan in net profit respectively in the two quarters. After deducting non-net profit, you will lose three consecutive quarters. In the second, third and fourth quarters, the net profit after deduction of non-profit loss will be about 114 million yuan, 17 million yuan, and 19 million yuan.</p>
<p><img decoding="async" src="https://p2.itc.cn/q_70/images01/20210615/0a7672f3bb5a48108f4c610465da5a82.jpeg" max-width="600"></p>
<p>The Shenzhen Stock Exchange asks you to combine the situation of comparable companies in the same industry, as well as the seasonal characteristics of the company&#8217;s business (if any), market demand changes, product price trends, cost and expense confirmation basis, and changes in amounts, and explain the quarters of the reporting period. The reasons and reasonableness of the large fluctuations in financial data, and whether there is an inter-period recognition of income or expenses.</p>
<p><strong> Jujube business revenue declines year after year, gross profit margin declines 3.46%</strong></p>
<p>Before selling Baicaowei, I miss your jujube business has been declining year after year.</p>
<p>From 2017 to 2019, the revenue of I miss you jujube products were 961 million yuan, 868 million yuan, and 735 million yuan, respectively, accounting for 23.61%, 17.54%, and 12.33% of the revenue. Revenue has fallen for two consecutive years.</p>
<p>In 2020, I miss you jujube revenue of about 666 million yuan, down 18.87% year-on-year, and gross profit margin down 3.46%.</p>
<p>Compared with jujube products, nuts have contributed 1.187 billion yuan in revenue, which is nearly twice that of jujube business, but they are also facing a decline in gross profit margin.</p>
<p>The financial report shows that in 2020, the gross profit margin of I miss you nuts products is 20.90%, a year-on-year decrease of 4.36%.</p>
<p><img decoding="async" src="https://p5.itc.cn/q_70/images01/20210615/4243ca8088df4a7a908384aead033b7e.png" max-width="600"></p>
<p>The inquiry letter requires you to combine marketing model, product positioning, market share, cost structure and other factors to explain the reasons for the decline in the gross profit rate of red dates and nuts during the reporting period, and analyze whether related factors will continue to affect the company&#8217;s production and operation.</p>
<p>I miss you announcing the return to the main business of jujube, and decided to terminate the contract of 4770 acres of land leased by the subsidiary Xinjiang Jujube Agriculture and Forestry Co., Ltd., and concentrate resources on the company&#8217;s own high-quality raw material base.</p>
<p>After the termination of the land lease agreement, you no longer own the ownership of the jujube trees, employee dormitories, warehouses and other ground attachments on the corresponding land, and the remaining land lease fees paid will no longer be returned. The total asset loss is 45.66 million yuan.</p>
<p>The inquiry letter requires you to estimate whether the cost of using the leased land to obtain raw materials such as red dates is significantly different from the cost of the company obtaining raw materials such as red dates through other channels. Combined with the reasons for your company&#8217;s early termination of the land lease, further explain the company&#8217;s termination of the land lease Is it conducive to safeguarding the interests of listed companies?</p>
<p>At the same time, according to the disclosure that I wanted to focus on the main business of red dates when you sold the shares of Holmes, it explained whether the company took other methods to consolidate the supply of upstream raw materials while terminating the 4770 mu land lease of the subsidiary Xinjiang Dazaoshu Agriculture and Forestry Co., Ltd. .</p>
<p><strong> The repurchase plan has shrunk sharply, the second shareholder reduces their holdings to cash out 180 million yuan</strong></p>
<p>I really miss you to change the stock repurchase plan, which also caused investor complaints.</p>
<p>On June 3, 2021, I really want you to disclose the &#8220;Announcement on Adjusting the Share Repurchase Program&#8221; stating that the number of shares to be repurchased will be adjusted to no less than 41.2 million shares and no more than 67.2 million shares.</p>
<p>Compared to the worst repurchase plan in history that was thrown out in June last year, the number of shares you bought back has shrunk dramatically.</p>
<p>I really want you to disclose that the number of shares repurchased is no less than 113 million shares and no more than 226 million shares, accounting for no less than 21.91% and no more than 43.83% of the company&#8217;s total share capital. The repurchase price does not exceed 13 yuan per share.</p>
<p>As of May 10, 2021, I really want you to repurchase approximately 28.79 million shares through centralized auction trading, accounting for 5.58% of the company&#8217;s current total share capital. The highest transaction price is 13 yuan per share, and the lowest transaction price is 10.93. Yuan/share, the total turnover is about 339 million yuan.</p>
<p>During the period, Hangzhou Haohong, the second largest shareholder, reduced its shareholding 9 times, with a cumulative reduction of 13.84 million shares. The number of changes accounted for more than 3% of the outstanding shares. The average transaction price was 11.95 yuan to 13.79 yuan, and the cumulative cash out was about 180 million yuan.</p>
<p>After the announcement of the adjustment plan, I miss your stock price plummeting for 5 consecutive trading days.</p>
<p>The inquiry letter asks, I really want you to further explain the reason and rationality of the company&#8217;s adjustment to the repurchase plan in the past 12 months before the shareholders&#8217; meeting reviewed and approved the share repurchase plan, and whether there is a situation of using repurchase matters to cooperate with relevant entities to reduce holdings Wait.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">25788</post-id>	</item>
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		<title>Major publishers get off to a good start in 2021</title>
		<link>https://en.spress.net/major-publishers-get-off-to-a-good-start-in-2021/</link>
		
		<dc:creator><![CDATA[Nho Quan]]></dc:creator>
		<pubDate>Thu, 10 Jun 2021 18:10:09 +0000</pubDate>
				<category><![CDATA[Tech]]></category>
		<category><![CDATA[Book]]></category>
		<category><![CDATA[CFO]]></category>
		<category><![CDATA[Commerce]]></category>
		<category><![CDATA[EBITDA]]></category>
		<category><![CDATA[EBooks]]></category>
		<category><![CDATA[Financial report]]></category>
		<category><![CDATA[good]]></category>
		<category><![CDATA[Hachette Book Group]]></category>
		<category><![CDATA[Hardcover book]]></category>
		<category><![CDATA[Holding company]]></category>
		<category><![CDATA[Houghton Mifflin Harcourt]]></category>
		<category><![CDATA[Increase]]></category>
		<category><![CDATA[Major]]></category>
		<category><![CDATA[media]]></category>
		<category><![CDATA[News Corp]]></category>
		<category><![CDATA[Penguin Random House]]></category>
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		<guid isPermaLink="false">https://en.spress.net/major-publishers-get-off-to-a-good-start-in-2021/</guid>

					<description><![CDATA[The financial statements of the five major trade publishers show a sharp increase in revenue compared to the first quarter of 2020. Journal Publishers Weekly cited the financial statements of the first quarter of the 5 largest commercial publishers in the United States. This is the last report of two of these publishers, because the [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong>The financial statements of the five major trade publishers show a sharp increase in revenue compared to the first quarter of 2020.</strong><br />
<span id="more-22468"></span> Journal <em> Publishers Weekly</em> cited the financial statements of the first quarter of the 5 largest commercial publishers in the United States. This is the last report of two of these publishers, because the merger and acquisition between the &#8220;big guys&#8221; in the book village will take place in the near future.</p>
<p> It is expected that Penguin Random House will complete the acquisition of Simon &#038; Schuster in the second quarter; HarperCollins completed the purchase of Houghton Mifflin Harcourt&#8217;s commercial division on June 30. <img fifu-featured="1" decoding="async" loading="lazy" src="https://photo-baomoi.zadn.vn/w700_r1/2021_06_06_119_39096367/79e6c83cdb7e32206b6f.jpg" width="625" height="402"> <em> Illustration: Finance images. </em> Houghton Mifflin Harcourt Books &#038; Media posted $42.7 million in revenue for the first quarter, up 12% year-over-year. Currently, Houghton Mifflin Harcourt has closed its New York office pending the completion of the sale. For its part, HarperCollins posted a 45% increase in profits in the first quarter, with revenue up 19% from the first three months of 2020. Revenue came in at $490 million, while EBITDA hit $80 million. Susan Panuccio, chief financial officer of News Corp (parent company of HarperCollins), said the increase in sales was driven by the general commercial and children&#8217;s books industry in the US and UK. Panuccio revealed that printed books accounted for 62% of sales in the quarter. In terms of format, sales of e-books increased by 38% and audiobooks increased by 42%. In a short financial update, Bertelsmann (the parent company of Penguin Random House) said that Penguin Random House was one of several divisions of the company that posted double-digit growth in the first quarter compared to the same period of 2020. Simon &#038; Schuster is currently decommissioned, pending acquisition completion. Simon &#038; Schuster&#8217;s parent company, Viacom CBS, had $185 million in revenue, up 8.8% from the first quarter of 2020. Jonathan Karp &#8211; CEO of Viacom CBS &#8211; reported that the biggest increase came from the international division. publisher economy, where revenue increased 21%. In which, sales of audio books increased sharply (17%). <img decoding="async" loading="lazy" class="lazy-img" src="https://photo-baomoi.zadn.vn/w700_r1/2021_06_06_119_39096367/cde7793d6a7f8321da6e.jpg" width="625" height="386"> <em> Some outstanding books in 2020. Photo: Nytimes. </em> Hachette Book Group is one of the 5 largest trade publishers in the US. In the first quarter, Hachette&#8217;s revenue grew 9.1% year-on-year. Michael Pietsch, Hachette CEO, said the increase was driven by sales of hardcover books. Hachette&#8217;s distribution business, he noted, has seen double-digit growth. Hachette&#8217;s total revenue reached 509 million euros (about 619 million dollars). In addition to the increase in book sales in the US, Hachette&#8217;s sales also increased in France and the UK, offsetting declines in the Spanish and Latin American markets. Hachette&#8217;s digital books performed well in the first quarter, but e-books only accounted for 9% of total sales. The share of audiobook sales fell to 4.6% from 5.9% in the first three months of 2020. Despite the growth compared to 2020, US publishing units are cautious about developments in the coming time. As more professions reopen, consumers have more options besides reading.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">22468</post-id>	</item>
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		<title>Viettel IDC data center is granted a report on risk control SOC 1,2,3 type II</title>
		<link>https://en.spress.net/viettel-idc-data-center-is-granted-a-report-on-risk-control-soc-123-type-ii/</link>
		
		<dc:creator><![CDATA[Doãn Phong]]></dc:creator>
		<pubDate>Thu, 27 May 2021 22:15:08 +0000</pubDate>
				<category><![CDATA[Tech]]></category>
		<category><![CDATA[Audit firm]]></category>
		<category><![CDATA[Center]]></category>
		<category><![CDATA[Control]]></category>
		<category><![CDATA[Control Case]]></category>
		<category><![CDATA[cycle]]></category>
		<category><![CDATA[data]]></category>
		<category><![CDATA[data center]]></category>
		<category><![CDATA[Financial report]]></category>
		<category><![CDATA[granted]]></category>
		<category><![CDATA[IDC]]></category>
		<category><![CDATA[Independence]]></category>
		<category><![CDATA[ISO 27001]]></category>
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		<category><![CDATA[Report]]></category>
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		<category><![CDATA[Safety information]]></category>
		<category><![CDATA[Service Provider]]></category>
		<category><![CDATA[Soc]]></category>
		<category><![CDATA[Tallest]]></category>
		<category><![CDATA[Top of the world]]></category>
		<category><![CDATA[type]]></category>
		<category><![CDATA[Type II]]></category>
		<category><![CDATA[Viettel]]></category>
		<category><![CDATA[Viettel IDC]]></category>
		<guid isPermaLink="false">https://en.spress.net/viettel-idc-data-center-is-granted-a-report-on-risk-control-soc-123-type-ii/</guid>

					<description><![CDATA[The data centers of Viettel IDC are issued with 3 types of control reports SOC 1,2,3 level 2 (Type II) by Control Case &#8211; the world&#8217;s leading independent auditing company. SOC report &#8211; System and Organization Controls focuses on auditing and controlling financial reporting processes, user management, organization management, process control, services related to security, [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong>The data centers of Viettel IDC are issued with 3 types of control reports SOC 1,2,3 level 2 (Type II) by Control Case &#8211; the world&#8217;s leading independent auditing company.</strong><br />
<span id="more-18680"></span> SOC report &#8211; System and Organization Controls focuses on auditing and controlling financial reporting processes, user management, organization management, process control, services related to security, availability, integrity and confidentiality of the organization. SOC reporting has 2 levels: Type I (one-time review) and Type II (full cycle review) and 3 categories: SOC 1, SOC 2, SOC 3, related to financial reporting levels main, operational functions, service reliability assessment for an organization.</p>
<p> <img fifu-featured="1" decoding="async" loading="lazy" src="https://photo-baomoi.zadn.vn/w700_r1/2021_05_26_23_38973109/79bf95b380f169af30e0.jpg" width="625" height="353"> <em> Viettel IDC&#8217;s data centers are granted SOC 1, 2, 3 Type II reports</em> Viettel IDC is the first service provider in Vietnam to be granted 3 types of SOC 1, 2, 3 reports at the highest level (Type II) by Control Case &#8211; a world famous independent auditing company. Accordingly, all data center services of Viettel IDC are assessed, risk controlled, ensuring to provide customers with good, reliable, safe and secure services. SOC reporting is an important and mandatory requirement that many large organizations and enterprises around the world require external service providers to ensure the security of their core business systems, to avoid risk problems, revealing important information. Since the beginning of 2020, with the trend of strong investment in Vietnam by large companies in the world, Viettel IDC has received many requests related to the implementation of the commitment to quality and information security of service products. services, fully meeting international standards and practices &#8211; things that cannot be expressed in an ordinary cooperation contract. In addition to the existing standards and certificates such as ISO 9001, ISO 27001, 27017, PCI-DSS to meet the increasingly strict requirements of customers Viettel IDC started a journey of more than 1 year to deploy solutions, organizations organization until receiving SOC 1,2,3 type II reports. <img decoding="async" loading="lazy" class="lazy-img" src="https://photo-baomoi.zadn.vn/w700_r1/2021_05_26_23_38973109/75179d1b885961073848.jpg" width="625" height="407"> <em> Data Center of Viettel IDC</em> Being a pioneer in Vietnam to receive SOC 1,2,3 type II Control reports is a testament to our pioneering efforts in serving customers and our commitment to always providing the highest quality services. , ensuring the most secure information in accordance with international standards of Viettel IDC.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">18680</post-id>	</item>
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		<title>In the first quarter of 2021, Traphaco (TRA) increased profit after tax by 35%</title>
		<link>https://en.spress.net/in-the-first-quarter-of-2021-traphaco-tra-increased-profit-after-tax-by-35/</link>
		
		<dc:creator><![CDATA[Thủy Nguyễn]]></dc:creator>
		<pubDate>Fri, 23 Apr 2021 13:52:07 +0000</pubDate>
				<category><![CDATA[Business]]></category>
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		<category><![CDATA[Holding company]]></category>
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		<category><![CDATA[increased]]></category>
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		<category><![CDATA[new drug]]></category>
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		<category><![CDATA[Same period]]></category>
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		<category><![CDATA[Tra]]></category>
		<category><![CDATA[Traphaco]]></category>
		<category><![CDATA[Traphaco Joint Stock Company]]></category>
		<category><![CDATA[Unify]]></category>
		<guid isPermaLink="false">https://en.spress.net/in-the-first-quarter-of-2021-traphaco-tra-increased-profit-after-tax-by-35/</guid>

					<description><![CDATA[Traphaco Joint Stock Company (code TRA &#8211; HOSE) announced consolidated financial statements for the first quarter of 2021 with high growth in revenue and profit over the same period. Traphaco&#8217;s system of medicine blister blister machines Specifically, net revenue reached nearly 472 billion, up 20.4% over the same period, after subtracting COGS, gross profit reached [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong>Traphaco Joint Stock Company (code TRA &#8211; HOSE) announced consolidated financial statements for the first quarter of 2021 with high growth in revenue and profit over the same period.</strong><br />
<span id="more-6730"></span> <img fifu-featured="1" decoding="async" loading="lazy" src="https://photo-baomoi.zadn.vn/w700_r1/2021_04_23_95_38612784/4e9d2e540816e148b807.jpg" width="625" height="416"> </p>
<p> <em> Traphaco&#8217;s system of medicine blister blister machines</em> Specifically, net revenue reached nearly 472 billion, up 20.4% over the same period, after subtracting COGS, gross profit reached 265 billion, up 21% compared to the first quarter of 2020. Profit after tax reached VND 55.3 billion, an increase of 35% compared to the same period of 2020; Parent company EAT is more than 51 billion. In 2021, Traphaco sets a double growth business plan with the goal of consolidated revenue and profit after tax of VND 2,100 billion and VND 240 billion, up 10% and 11% respectively compared to the performance of 2020. Thus, after the first quarter of the year, the Company has reached 20.8% of the revenue plan and 23% of the profit after tax plan of the year. In the period of 2021 &#8211; 2025, Traphaco expects that the growth rate of revenue and pre-tax interest can reach a compound rate of 13.3% and 15%. Traphaco also said that during this term the company will restructure the traditional and non-traditional medicine businesses, in which the company will increase the proportion of the western medicine industry. When consolidating the business segments, Traphaco believes that the growth rate will be even higher than the plan set out for the 2021 &#8211; 2025 term. At the close of the session on April 22, TRA shares increased slightly by 0.1% to VND69,900 per share.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">6730</post-id>	</item>
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		<title>Prepare financial statements when converting a public non-business unit into a joint stock company</title>
		<link>https://en.spress.net/prepare-financial-statements-when-converting-a-public-non-business-unit-into-a-joint-stock-company/</link>
		
		<dc:creator><![CDATA[Đức Minh]]></dc:creator>
		<pubDate>Fri, 16 Apr 2021 16:54:06 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Accountant]]></category>
		<category><![CDATA[Accounting]]></category>
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		<category><![CDATA[Circular No 107 2017 TT BTC]]></category>
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		<category><![CDATA[Convert]]></category>
		<category><![CDATA[converting]]></category>
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		<guid isPermaLink="false">https://en.spress.net/prepare-financial-statements-when-converting-a-public-non-business-unit-into-a-joint-stock-company/</guid>

					<description><![CDATA[The Ministry of Finance has issued Circular No. 26/2021 / TT-BTC guiding the accounting work when converting public non-business units into joint stock companies. When a public unit transforms, it must make a report on the financial situation based on the business model at 2 times. Photo: KH Circular No. 26/2021 / TT-BTC applies to [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong>The Ministry of Finance has issued Circular No. 26/2021 / TT-BTC guiding the accounting work when converting public non-business units into joint stock companies.</strong><br />
<span id="more-3129"></span> <img fifu-featured="1" decoding="async" loading="lazy" src="https://photo-baomoi.zadn.vn/w700_r1/2021_04_16_578_38547607/4d7088b2a3f04aae13e1.jpg" width="625" height="312"></p>
<p><em>When a public unit transforms, it must make a report on the financial situation based on the business model at 2 times. Photo: KH</em></p>
<p>Circular No. 26/2021 / TT-BTC applies to organizations and individuals defined in Article 2 of the Government&#8217;s Decree No. 150/2020 / ND-CP on successful transfer of public non-business units (SNCL) Joint Stock Company (JSC).</p>
<p>According to the instructions, the transformed SNCL unit follows the financial mechanism applicable to SNCL units and accounts under the regulations of the administrative and non-business accounting regime issued together with Circular No. 107/2017 / TT -BTC until the time to officially convert to JSC.</p>
<p>JSC is converted from a SNCL unit operating under the provisions of the Enterprise Law, specialized laws and the current law provisions and accounting under the provisions of the corporate accounting regime issued together. According to Circular No. 200/2014 / TT-BTC for activities arising from the official time of transforming into JSC.</p>
<p>When a converted SNCL unit has to make a financial statement based on the business model at two times: Time of determining the value of the SNCL unit after having fully accounted for arising transactions related to arbitration. financial management to determine the unit value according to regulations; At the time of officially converting into a JSC after accounting for the financial settlement results at the time of officially converting into a JSC as a basis for handover to a JSC.</p>
<p>Steps to make a financial statement include:</p>
<p>Take steps to close accounting books according to the regulations of the administrative and non-business accounting regime.</p>
<p>Make a report on the financial situation in the form B01 / BCTC specified in the administrative and non-business accounting regime.</p>
<p>Analyzing detailed data based on accounting books, asset reassessment documents to convert, records of SNCL unit valuation results of other relevant documents.</p>
<p>Make a data conversion table according to the provisions of this Circular.</p>
<p>Based on the data of the data conversion table and instructions on setting up detailed indicators on the financial statement according to the model that the enterprise synthesizes the indicators according to instructions in Appendix 02.</p>
<p>Circular No. 26/2021 / TT-BTC takes effect from June 1, 2021. /.</p>
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		<title>Pha Lai Thermal Power: Q1 profit slightly increased to VND138 billion despite a 51% decline in revenue.</title>
		<link>https://en.spress.net/pha-lai-thermal-power-q1-profit-slightly-increased-to-vnd138-billion-despite-a-51-decline-in-revenue/</link>
		
		<dc:creator><![CDATA[A Lan]]></dc:creator>
		<pubDate>Thu, 15 Apr 2021 18:57:18 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[After tax]]></category>
		<category><![CDATA[billion]]></category>
		<category><![CDATA[Cost price]]></category>
		<category><![CDATA[Decline]]></category>
		<category><![CDATA[Despite]]></category>
		<category><![CDATA[Dividend]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[Financial report]]></category>
		<category><![CDATA[Hai Phong Thermal Power]]></category>
		<category><![CDATA[HOSE]]></category>
		<category><![CDATA[increased]]></category>
		<category><![CDATA[Interest]]></category>
		<category><![CDATA[Lai]]></category>
		<category><![CDATA[Merge]]></category>
		<category><![CDATA[Pha]]></category>
		<category><![CDATA[Pha Lai Thermal Power Joint Stock Company]]></category>
		<category><![CDATA[Pha Lai Thermal Power Plant]]></category>
		<category><![CDATA[Power]]></category>
		<category><![CDATA[Power production]]></category>
		<category><![CDATA[PPC]]></category>
		<category><![CDATA[profit]]></category>
		<category><![CDATA[Profit before tax]]></category>
		<category><![CDATA[Revenue]]></category>
		<category><![CDATA[Same period]]></category>
		<category><![CDATA[Shareholders meeting]]></category>
		<category><![CDATA[slightly]]></category>
		<category><![CDATA[Thermal]]></category>
		<category><![CDATA[VND138]]></category>
		<guid isPermaLink="false">https://en.spress.net/pha-lai-thermal-power-q1-profit-slightly-increased-to-vnd138-billion-despite-a-51-decline-in-revenue/</guid>

					<description><![CDATA[Pha Lai Thermal Power Joint Stock Company (HoSE: PPC) has just announced its first quarter financial report / 2021. In which, the major contribution to the company&#8217;s after-tax profit is the profit from financial activities. Pha Lai Thermal Power: Q1 profit slightly increased to VND138 billion despite a 51% decline in revenue. Revenue in the [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong>Pha Lai Thermal Power Joint Stock Company (HoSE: PPC) has just announced its first quarter financial report / 2021. In which, the major contribution to the company&#8217;s after-tax profit is the profit from financial activities.</strong><br />
<span id="more-1681"></span> <img decoding="async" loading="lazy" src="https://photo-baomoi.zadn.vn/w700_r1/2021_04_15_357_38534240/827d4a82e4c10d9f54d0.jpg" width="625" height="407"></p>
<p><em> Pha Lai Thermal Power: Q1 profit slightly increased to VND138 billion despite a 51% decline in revenue.</em></p>
<p>Revenue in the first quarter of Pha Lai Thermal Power reached more than VND 1,078 billion, down 51% compared to the same period in 2020. Subtracting more than VND 1,048 billion of COGS, Pha Lai Thermal Power earned only nearly 30 billion VND of gross profit, while the first quarter of 2020 recorded more than 168 billion dong.</p>
<p>Pha Lai Thermal Power&#8217;s gross profit margin fell sharply to 2.77%, 4.77 percentage points difference over the same period in 2020.</p>
<p>The Pha Lai Thermal Power side said that the power output produced in the first quarter of the year reached 849.66 million kWh, 891 million kWh lower than in the first quarter of 2020, making low revenue from electricity sales and profit from power generation. also affected decrease.</p>
<p>Notably, the company&#8217;s financial activities recorded a sudden increase in revenue to more than 119 billion dong, nearly 5.8 times higher than the first quarter financial revenue of 2020. Thanks to that, the profit earned from this activity is also 5 times higher than the same period to over 97 billion dong.</p>
<p>According to Pha Lai Thermal Power, in the first 3 months of 2021, this company has received 97 billion dong of dividend from Hai Phong Thermal Power Joint Stock Company. It is known that Hai Phong Thermal Power in the first quarter has paid 2 dividends in 2020 to shareholders with a total rate of 10%.</p>
<p>This company also plans to submit to the annual shareholders&#8217; meeting in 2021 to pay additional dividends in 2020 at the rate of 14.25%, increasing the total profit distribution rate in 2020 to 24.25%. If the shareholder meeting of Hai Phong Thermal Power approves this content, in the coming time, Pha Lai Thermal Power will continue to record positive signals from financial activities.</p>
<p>Closing the first quarter, Pha Lai Thermal Power reached VND 138 billion in profit after tax, a slight increase of 2% over the same period in 2020.</p>
<p>In 2021, Pha Lai Thermal Power Board plans to submit to the AGM a business plan going backwards with revenue down 32%, pre-tax profit down 66%, standing at VND 5,658 billion and VND 415 billion respectively.</p>
<p>Dividend rate in 2020 submitted to the meeting is 59%, of which the company has paid in advance 481 billion dong, equivalent to 15%.</p>
<p>With the results achieved in the first quarter, Pha Lai Thermal Power has completed 19% of the revenue plan and more than 35% of the profit plan.</p>
<p>As of March 31, 2021, the company&#8217;s total assets reached more than VND 6,715 billion, down 7% compared to the end of 2020. In which, cash and cash equivalents decreased sharply by more than 66% to 92 billion VND. . Short-term receivables from customers also decreased by 35% to more than 975 billion.</p>
<p>Total liabilities at the end of the first quarter of 2021 reached VND 478 billion, a decrease of over 36% compared to the end of 2020, of which the decrease was mainly in short-term payables to sellers.</p>
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