Orfe Science said that as of February 6, 2018, the company accounts receivable balance of Jinli 626,171,600 yuan, the age of account within six months.
Earlier, due to the disclosure of the estimated full year 2017 net profit difference between the highest amount of over 400 million yuan, orfei technology was the Shenzhen Stock Exchange inquiries.
The announcement shows that on October 24, 2017, Opry disclosed the Third Quarterly Report 2017 that the net profit attributable to shareholders of the listed company in 2017 (hereinafter referred to as the "net profit") is estimated to be RMB1,970,000-158,000 million , An increase of 80-120%.
After that, on January 31, 2018, Orfei Technologies Discloses "Notice of Correction for 2017 Fiscal Year Forecast," amending its net profit from RMB100 million to RMB1,150 million, representing an increase of 40-60% over the same period of last year.
For the disclosure of net profit before and after the larger discrepancies in data sources, orfe Technology said the main performance correction is due to the part of customers receivables bad debt loss 300 million yuan.
In this connection, the Shenzhen Stock Exchange asked Ophelia to disclose the specific names, total amounts owed and operating conditions of the above accounts receivable and some recent developments.
In its February 7 response, Ophelia not only disclosed the customers involved in the aforesaid revenue-taking accounts, but also disclosed the operating conditions of Jinli: Due to the tight funding chain of Jinli, the Company's accounts receivable in Jinli have been overdue Two months or more, the company has stopped delivery of gold.
Orfe Science and Technology said that since the establishment of financial problems and led to the company's accounts receivable overdue since the company met with gold repeatedly meeting to actively collect accounts, but Jinli has been unable to arrange payment, and claims that the company did not return in the short term Plan
Orfe Science and Technology said the company has taken measures to preserve gold receivables, including: (1) the closure of Jin Li in Bank of China, the Bank of Guangdong, Liu Lirong (Jin Li, chairman of the board) held by Shenzhen Jin Telecom Equipment Co., Ltd .; (2) more than 30 trademarks of the first Jinli Company; (3) waiting for the closure of the Jinli part of the real estate and industrial park land; and (4) seizing the shares and real estate of several companies under Liu Lirong himself and his spouse.
For receivables of 62,601.76 million but provided bad debts 300 million reasons, orfe Science and Technology said the general manager office meeting to discuss, the company believes that the gold receivables can be fully recovered whether there is greater uncertainty; Considering that except for the extreme case of Jinli's application for bankruptcy and reorganization, the market value of the preserved property as applied for by the Company can cover the Company's accounts receivable, so the risk of bad debts accrued in the accounts receivable of Jinli can be controlled within 50% The accounting principles of the company, the company accounts receivable accounts receivable in the proportion of bad debt set at 45% -50% of the interval, taking the median, the company decided to account receivable by 48%, or 300 million yuan.
According to the data disclosed by Ofeid Technology, in the first three quarters of 2017, Jinli had contributed less than 4% of the Company's operating revenue to the Company's total operating revenue. Since November 2017, the Company has ceased the shipment to Jinli and it is estimated that Jinli to the Company The contribution of operating income in 2017 will further reduce the proportion of total operating revenue of the Company.
Orfe Science and Technology said the company's revenue mainly comes from first-line domestic and international smartphone makers and the relative dispersion of customer structure, the Jinli incident has a limited impact on the company's business, does not constitute a major change in the external conditions of production and business environment. Group market share and penetration rate to accelerate, the company's business is not short off-season in the first quarter, the current production and operation of all normal.
As of the close of February 7, Wind data show that the stock price of UFIDA closed at 18.35 yuan / share.