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Leju Finance Deng Rufei May 21freespinsnodeposit2022, Lianxiang (SH603272) issued an announcement on receiving the Shanghai Stock Exchange's information disclosure regulatory inquiry letter on the company's 2023 annual report.

The announcement shows that the annual report disclosed that in 2023, the company achieved a net profit of-1,328freespinsnodeposit2022.81 million yuan, turning from profit to loss year-on-year. The company disclosed its performance forecast on January 31, 2024, and expects to achieve a net profit of 7.0092 million yuan to 10.2088 million yuan in 2023. It stated that "there are no major uncertainties that affect the accuracy of the content of this performance forecast." The company only disclosed the correction announcement of the performance forecast on April 23, and reminded that the main reasons involved various subjects such as government subsidies, inventories, goodwill, and deferred income tax assets. Among them, the items with a large impact amount include the company reaching a return agreement for a customer's sales in 2023, and supplementing the provision for inventory price decline for relevant returned products, which affects the current profit and loss in total by 7.4526 million yuan; and the inventory that is about to enter the market has not been provided for falling prices, and a supplementary provision for inventory price decline of 7.7678 million yuan needs to be made.

It was noted that the company's inventory book balance at the end of the period was 76.1466 million yuan, mainly consisting of 48.7064 million yuan of semi-finished products, 12.6321 million yuan of raw materials, and 11.1842 million yuan of inventory goods. The cumulative provision for inventory price decline was 17.2468 million yuan, of which 14.1223 million yuan was newly provided in the current period, involving 11.3333 million yuan of semi-finished products and 2.7889 million yuan of raw materials. No provision for price decline was made for inventory goods. In the annual report production and sales analysis table, the ending inventory of the three types of wall coverings is 0.

In this regard, the Shanghai Stock Exchange required Lianxiang to supplement the explanation of whether the customer returning the goods is the main customer, the sales, settlement status and balance of receivables at the end of the period incurred by the company in the past three years, the reason for the return, the goods and quantities returned, the time point for the return, whether it is consistent with the agreement on return and exchange in the sales contract, and the accounting treatment related to the return of goods.

In 2023, Lianxiang achieved operating income of 156 million yuan, a year-on-year decrease of 21.73%, and achieved net profit attributable to shareholders of listed companies-13.2881 million yuan, a year-on-year decrease of 136.64%.

As of the close on May 21, Lianxiang shares fell 2.47% to 11.44 yuan, with a total market value of 1.185 billion yuan.