In the south China sea to arbitration, warning letter, due to the performance letters and there are large difference between the actual profit

Editor's note: in the group in the 2018 annual performance forecast, performance forecast amendment and letters in the performance of the disclosure of net profit and there are large difference between the actual net income and profit and loss properties change, there is disclosed violations, is the quantitative issue a warning letter of administrative regulations, solar panels, and credit archives credited to securities and futures market. On December 23,

in the evening, in the Group released a statement, said the company recently received the China Securities Regulatory Commission issued by Jiangsu administration 'about Jiangsu Zhongli Group Co. , Ltd adopt measures to issue a warning letter of decision' ( ( 2019] No. 95) 。 Due to the existence of the group disclosure violations, is the quantitative issue a warning letter of administrative regulations, photovoltaic (pv) grid, and credit archives credited to securities and futures market.

according to the announcement, the warning letter, according to the group in 2018 in the performance forecast and correction, and the following irregularities exist in the performance express release: on October 26, 2018, in the group revealed in the third quarter of 2018 report, estimated annual net profit of 2018 3. 3 billion yuan to four. 8 billion yuan. On January 31, 2019, reveal in the group, the announcement of the 2018 annual performance forecast correction is expected in 2018 net profit of 35. 15 million yuan to 50. 52 million yuan. On February 26, 2019, the group revealed the 2018 annual results express that expects net profit of 3088 in 2018. 750000 yuan.

on April 15, 2019, solar energy, reveal in the group, the announcement of the 2018 annual results express correction is expected annual net profit of 2018 - 2. 8. 3 billion yuan. On April 23, 2018 the company disclosed in 2018 annual reports, annual net profit of 2018 - 2. 8. 8 billion yuan.

warning letter, according to the forecast of the group in the 2018 annual results, preliminary results correction and letters in the performance of the disclosure of net profit and there are large difference between the actual net income and profit and loss properties change, disclosure of information is not accurate. The behavior of the group, in violation of the 'information disclosure of listed companies management method' the provisions of article 2.

on the basis of the information disclosure of listed companies management approach 'the provisions of article 59, the company in jiangsu province securities regulatory bureau decided to quantitative warning letter issued by the administrative regulations, and recorded in the securities and futures market credit archives; Requirements of the group in accordance with the relevant laws, administrative regulations and the requirements of the China Securities Regulatory Commission (CSRC), strengthening the management of information disclosure and information disclosure obligations in accordance with the provisions. All the directors, supervisors and senior managers should strengthen the securities laws and regulations related to learning, regulate and improve the consciousness and ability to sulk.

in the group said in a statement, after receiving the warning letter, the company attaches great importance to. Company will strengthen the company's directors, supervisors and senior management personnel and related personnel of the measures for the administration of information disclosure of listed companies and other relevant laws and regulations, to learn and understand, further standardize our operation level, continuously improve the quality of information disclosure, maintenance company and all shareholders' interests, promote the healthy, stable and sustainable development.

website, Jiangsu Zhongli Group Co. , ltd. formerly known as changshu city tang cable factory, founded in September 1988, company restructuring in 2007 for Co. , Ltd. , and listed on the shenzhen stock exchange issued in 2009, the main special cable, fiber optic cable, photovoltaic products, and plant operations. In the photovoltaic power station has now become the main business of the group.

in the last year industry under the influence of the situation, the company also suffered declines in recently. In the 2019 third quarter, according to the group during the reporting period to achieve the business income is 84. 7. 8 billion yuan, year-on-year decline in 27. 79%; Net profit attributable to shareholders of listed companies for 2062. 760000 yuan, year-on-year decline in 64. 65%; Buckle the net profit attributable to shareholders of listed companies to - 3849. 310000 yuan.

in this context, the group is stepping up efforts in collection of improving cash flow.

on November 15, in the announcement, the group under the concern and support of poverty relief office of the State Council, solar energy, photovoltaic power station for poverty alleviation in the group have been made in the accounts receivable recovery effect; On actual receipt by the company's financial department statistics, as of announcement of disclosure, the company in recent months to recover power plant accounts receivable 17 for poverty alleviation. 5. 2 billion yuan, in 2019, the cumulative collection 28. 3. 9 billion yuan. At the same time, in addition to the photovoltaic power station accounts receivable has significant effect for poverty alleviation, disclosed by the announcement, the group in the commercial plant in recent months to recover accounts receivable RMB 800 million yuan.

in the group, is expected to poverty alleviation in December plant still can continue to the receivable accounts receivable, accounts receivable collection for poverty alleviation rate reached more than 90% of the total, the balance 10% in the first half of next year is expected to recover all; Company accounts receivable substantially recycling, solar panels, which is beneficial to improve cash flow situation, reduce financial cost, improve the production and operation of comprehensive income.

in the group, says the company substantial recovery of accounts receivable, guaranteed the rapid draining funds, improve the company's cash flow situation, can reduce a lot of financial costs, further improving the quality of the company's assets.

the original title: the group receiving the warning letter, due to the performance of letters and there are large difference between the actual profit