Loss of 570 million in one year! Youkeshu's parent company issued a performance correction announcement

Some time ago, major listed companies released their 2020 annual reports, but Tianze Information’s financial report was first "late", and then the performance was corrected!

Announcement on Supplementary Correction of 2020 Annual Report

As the parent company of Youkeshu, Tianze Information has transformed into a cross-border e-commerce export company. Tianze Information's 2020 annual audit report shows that during the reporting period, the company's cross-border e-commerce export business achieved operating income of 474,893.37 million yuan, an increase of 20.16% over the same period last year; operating profit of 49,908.94 million yuan, an increase of 33.01% over the same period last year; total profit of 48,588.62 million yuan, an increase of 31.90% over the same period last year.

In the subsequent supplementary correction announcement regarding the 2020 annual report and other related announcements, the above information remained unchanged, the only difference was the net profit loss before and after the correction.

Before the correction, the company's net profit attributable to the parent company's owners was -870.8328 million yuan, while after the correction, the company's loss was 569.5314 million yuan , which was still a turnaround from profit to loss compared with the same period last year , but the amount of loss was significantly reduced.

As for the specific reasons for the loss, the first is that due to the impact of the COVID-19 pandemic, the company's software and information technology service business performance has declined sharply and suffered heavy losses. In addition, the core technology and business personnel have been constantly lost, and the scale of the software and information technology service business has been shrinking. The operating performance of its subsidiaries Yuanjiang Information Technology Co., Ltd., Modern Shangyou Software Group Co., Ltd. and TIZA Co., Ltd. has all declined, becoming a drag.

There is a tree that has worked hard and made great contributions

Since 2019, cross-border e-commerce business has become the main source of income and profit for Tianze Information. The cross-border e-commerce export business accounts for 94.48% of the operating income. In 2020, 4.7 billion yuan of revenue came from cross-border e-commerce business, and the main performance contributor was Youkeshu.

It has to be said that Youkeshu has made great contributions. However, even though the performance is outstanding, Youkeshu has not yet completed the performance bet.

The audited net profit attributable to the parent company 's shareholders after deducting non-recurring gains and losses in 2020 was as high as 399.4967 million yuan . According to the 410 million yuan bet target promised in the Profit Forecast Compensation Agreement , Youkeshu is still 10.5033 million yuan away from reaching the target. However, even so, we still have to admit that Youkeshu has a top position in cross-border e-commerce.

Tianze Information said that the company's sustainable operating capacity does not face major risks, its core competitiveness has not undergone major adverse changes, and it is consistent with the development trend of the industry. However, judging from the overall risks and internal chaos exposed by Tianze Information, only the company itself knows the taste of it.

Loss

There is a tree

Big Sell