“Fur No.1” Huasi holdings received attention letter: net profit decreased by 865.43% in the first three quarters

Shenzhen Stock Exchange issued a letter of concern to Huas Holdings Co., Ltd. (hereinafter referred to as “Huashi Holdings”) 2 days, which requires that the specific estimation basis for adverse impact on the company’s income shall be explained in combination with the new crown epidemic situation. Before that, on October 29, Huashi holdings reported a three-quarter report that the company had achieved a loss of 93 million yuan in the first three quarters of 2020, a year-on-year decrease of 865.43%; it is expected that the accumulated loss in 2020 is 280million to 400million yuan, down 1757.81% to 2468.29% year on year. According to the explanation of

< p > Huashi holdings, due to the impact of the global epidemic, the company’s domestic and foreign sales revenue has declined significantly, especially the company’s export business concentrated in European countries, including Italy, France, Germany and other orders cancelled, resulting in a decline in performance. Due to the infection of mink from overseas farms such as the Netherlands, Denmark and the United States, the impact on fur industry in the future is uncertain, and the company may withdraw the impairment loss for the imported mink skin in stock. The Shenzhen Stock Exchange pointed out that the company reported that the consumption biological assets were 17.89 million yuan in the semi annual report. Please combine the specific source of mink skin, the quantity and value of the consumed biological assets (mink, etc.) in the inventory, the epidemic situation of the main farm area, the specific epidemic prevention policies and measures of the relevant local government on the new crown epidemic of animal infection. The income of mink related products accounts for the proportion of the company’s total operating income in the past three years, and the new crown epidemic situation indicates that the income of mink related products accounts for the total operating income of the company in the past three years, and the new crown epidemic situation indicates that the company will be provided with the information of the new The specific estimation basis for adverse impact of income, the basis and principle of the company’s planned to withdraw the impairment loss of mink related inventory. According to the requirements of Shenzhen Stock Exchange, the paper analyzes the main sales areas, sales prices, sales expenses, purchase sources and purchase cost changes of the products, and indicates whether the inventory impairment provision of finished products and semi-finished products is sufficient and appropriate and whether there is excessive provision. The Shenzhen Stock Exchange finally pointed out that, combined with the industry situation, the main reason and rationality of the company’s forecast for a significant loss in the fourth quarter and whether there is a situation of adjusting profits is analyzed. The official website information shows that Huashi Holding Co., Ltd. was founded in 2000, which is a group company which is committed to the overall development, innovation and upgrading of the industry and the construction of service platform with fur fashion industry as the core. On November 2, 2010, the company was listed in Shenzhen Stock Exchange of China, becoming the “first share of Chinese fur”, and is known as the world leader in fur industry. Disclaimer: the purpose of this article is to transmit more information, not to represent the views and positions of the website. The content of this article is for reference only, and does not constitute investment suggestions. Investors operate on this basis and bear their own risks. China network is a national key news website under the administration of the Bureau of foreign language publishing and distribution under the leadership of the Information Office of the State Council. The network is an important window for China to conduct international communication and information exchange through 11 language versions in 10 languages and 24-hour information release.