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Beijing News Shell Financial News (Reporter Yan Xia) On May 17, Zhangzidao received a report from the Shenzhen Stock ExchangefreespinswithoutdepositEnquiry letter for the annual report.

In 2023, Zhangzi Island will achieve operating income of 16freespinswithoutdeposit.77 billion yuan, down 16.98% year-on-year; net profit attributable to shareholders of listed companies was 8.5882 million yuan, a year-on-year increase of 118.17%; net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 3.5443 million yuan, a year-on-year increase of 111.01%; Net cash flow from operating activities was 190 million yuan, a year-on-year increase of 99.94%.

In this regard, the Shenzhen Stock Exchange required Zhangzidao to combine business characteristics, operating arrangements, credit policies for downstream customers, as well as confirmation timing and policies for operating income and expenses, to explain the significant year-on-year increase in net cash flow generated by the company's operating activities during the reporting period.

In June 2020, Zhangzidao was subject to administrative penalties by the China Securities Regulatory Commission for false records and information disclosure violations in the 2016 and 2017 annual reports. Some investors filed lawsuits on the grounds that false statements caused their investment losses. The statute of limitations for litigation in the case has expired on June 25, 2023. For litigation cases involving relevant investors, the settlement funds, mediation funds, and judgment compensation paid by the company have been fully included in the current non-operating expenses; based on the opinions of the company's legal advisers and the compensation for the adjudicated cases, the company has accrued corresponding estimated liabilities of 2.206 million yuan in respect of the cases filed as of the reporting date.

In this regard, the Shenzhen Stock Exchange required Zhangzidao to explain the carry-over of the estimated liabilities in 2023, the accuracy of the carry-over amount, whether there is a corresponding basis, and the basis for judging the estimated liability amount in the current period.

In addition, Zhangzidao's inventory, accounts receivable, sales expenses, etc. have also attracted the attention of the Shenzhen Stock Exchange, and specific questions have been raised to ask Zhangzidao to respond.

(Article source: Beijing News)