Tag: 杭州足浴中心

Baiyang shares respond to the Shenzhen Stock Exchange: the disposal of Mars era assets caused more than 300 million yuan

Baiyang shares respond to the Shenzhen Stock Exchange: the disposal of Mars era assets caused more than 300 million yuan
On March 6, 2020, Baiyang Industrial Investment Group Co., Ltd. (hereinafter referred to as “Baiyang Shares”) responded to the Shenzhen Stock Exchange’s concern letter regarding its 2019 results, saying that the feed business was lower than expected due to the swine fever epidemic in Africa and changes in the aquatic industry.At the same time, the impact of Baiyang on the disposal of Mars era education assets is scheduled to have a net profit of -3 in 2019.1.2 billion.For the reason that the feed business in 2019 was lower than expected, Baiyang said that due to factors such as African swine fever and the decline in the scale of river culture cages in Guangxi’s jurisdiction, Baiyang’s current pig feed and aquatic feed sales decreased by 4 respectively.99 digits and 3.55 inches, a drop of 41.52%, 15.90%.At the same time, affected by the decline in the scale of freshwater fish farming in Guangxi, industry competition has intensified, sales prices have fallen, and the gross profit margin of aquatic feed has declined.In summary, the operating efficiency of Baiyang shares decreased by 5436.990,000 yuan.At the same time, Baiyang Co., Ltd. also explained the accounting treatment of educational assets in the Martian era.On August 11, 2017, Baiyang Co., Ltd. purchased 100% equity of Mars Times.However, on October 14, 2019, considering the unfulfilled performance commitments of the Martian era and the uncertainties in the future of the education and cultural industry, Baiyang and Xinyu Martians, Wang Qi officially signed the “Equity Repurchase Agreement on the Martian Times”, The two parties agreed that the transaction price is 10.8.3 billion yuan, and specifically divided into performance compensation6.13 trillion, Mars Times equity repurchase amount 4.700 million yuan.In the end, Baiyang Co., Ltd. will allocate and dispose of the profit and loss of the Martian era in the 2019 business accounting process.The “investment income” of 32 trillion US dollars, and the time value of the long-term receivable currency at the end of the year is returned to 830.830,000 yuan is included in “financial expenses”.At the same time, due to performance compensation in the Martian era, Baiyang Co., Ltd. confirmed that its “non-operating income” was 6459.80,000 yuan, the “fair value change profit or loss” is -1.3.8 billion yuan, “investment income” is 2.8.5 billion yuan.In summary, Baiyang’s disposal of education assets business will have an impact on 2019 net profit -3.1.2 billion.Sauna, Yewang Wang Siyang Editor Zhu Fenglan proofreading Zhang Yanjun