Shenzhen Stock Exchange inquired about Taihe's 2020 annual report: details of overdue debts are required.

Taihe group (000732. SZ), which is deeply mired in the problem of debt funds, received an inquiry letter from Shenzhen Stock Exchange about its 2020 annual report.

On the evening of May 3 1, Taihe Group announced that the listed companies in Shenzhen Stock Exchange managed an inquiry letter about the company's annual report in 2020, which involved interest capitalization, capital reduction, details of outstanding debts, litigation, whether the prepayment amount or proportion is reasonable, inventory depreciation preparation, equity investment and cooperation projects. *** 12.

In 2020, the interest expense of financing loans of Taihe Group will be 9.9/kloc-0.30 billion yuan, of which 8.388 billion yuan will be capitalized and 0.525 billion yuan will be expensed. Due to the company's cash flow difficulties, some projects were suspended, and the annual auditor could not obtain sufficient and appropriate audit evidence to judge the accuracy of interest capitalization and expense amount.

Shenzhen Stock Exchange requires Taihe Group to make supplementary disclosure on the interest capitalization of major projects of "development cost" and important projects under construction, including the accumulated amount of interest capitalization, the capitalization period of current borrowing costs and the amount of interest capitalization. In addition, combined with the capitalization confirmation principle of the company's borrowing costs and the situation of project shutdown and delayed construction during the reporting period, it is explained whether the capitalized amount of borrowing interest during the reporting period is accurate, whether it matches the borrowing amount and project construction progress, and overdue borrowing costs (including interest, penalty interest, liquidated damages, etc. Whether it is capitalized or not, and whether there are cases where the project is stopped, delayed, not started or completed, but the interest is capitalized.

Secondly, the audit report shows that Jiaxing Yu Sheng Investment, a holding subsidiary of Taihe Group, agreed to reduce the paid-in capital by 6.9 billion yuan from Jiaxing Yu Sheng Investment, a limited partner, and included it in other payables. As of the audit report date, the procedures for industrial and commercial changes of capital reduction matters have not been completed. Shenzhen Stock Exchange has doubts about whether Jiaxing Zhuoyu Investment fulfilled its information disclosure obligation in time when it reduced its paid-in capital of 6.9 billion yuan.

In addition, the 2020 annual report of Taihe Group shows that the company's operating income in 2020 was 3.6/kloc-0.50 billion yuan, and the net profit attributable to shareholders of listed companies was-4.999 billion yuan, down by 84.7% and1.83% respectively. At the end of 2020, the asset-liability ratio rose from 2065438+84.95% at the end of 2009 to 90.75%, and the ending balance of cash and cash equivalents was 65.438+06543 billion yuan. The ending balance of short-term loans, interest payable, non-current liabilities due within one year and other current liabilities (hereinafter referred to as "short-term interest-bearing liabilities") totaled 39.464 billion yuan, including cash and short-term interest. As of March 3rd, Kloc-0, the overdue loan amount of the company was 45.594 billion yuan, and as of April 30th, it dropped to 4,365,438+55 million yuan. The bank deposits frozen by the judiciary due to litigation disputes rose from 239 million yuan at the end of March 20th, Kloc-0 to 793 million yuan.

According to the first quarterly report of Taihe Group, as of March 30th, the balance of cash and cash equivalents was only 6,543.8+0,654.38+0.67 billion yuan, and the monetary fund in hand was 28.7 million yuan, which completely failed to cover its debts. Therefore, it is required to explain the details of the company's overdue debts, the details of the company's need to fulfill its guarantee obligations due to the overdue guarantor, the bank account or asset freeze involved, the litigation and arbitration matters involved so far, and the debts due this year.

Shenzhen Stock Exchange requires Taihe Group to submit relevant explanatory materials to the management department of listed companies before June 7, 20021year, and send a copy to the dispatched office.