99percent of the total loss! The company sold 16.6 billion assets five years ago

 99percent of the total loss! The company sold 16.6 billion assets five years ago

On the same day, there was also an apology announcement disclosed together with the Beatles hat wearing announcement. The announcement said that Bada gardens performance commitment in 2016, 2017, 2018 and 2019, the audited net profit attributable to the parent companys shareholders after deducting non recurring profit and loss was no less than 168 million yuan, 243 million yuan, 300 million yuan and 300 million yuan respectively. However, in fact, within three years after the major asset restructuring, the companys performance commitment was not less than RMB 168 million yuan, RMB 243 million yuan, RMB 300 million yuan and RMB 300 million yuan respectively The cumulative difference is as high as 1.5 billion.

According to Meili ecology, as of September 30, 2020, the net value of the companys long-term equity investment in Bada garden after deducting impairment is 20 million yuan.

According to the financial data, as of June 30, 2020, the total assets and liabilities of Bada garden are 1.321 billion yuan and 1.301 billion yuan respectively. In the first half of 2020, the companys revenue was 155 million yuan and the loss was 2.4012 million yuan. As for the performance loss reasons of Bada garden, Meili ecology said in a reply to the inquiry letter of Shenzhen stock exchange that, firstly, the macro-economic downturn led to the reduction of local governments fiscal expenditure; secondly, there was uncertainty in the restructuring of Bada garden, which affected the financing capacity of Bada garden; thirdly, some key engineering projects failed to be constructed as scheduled.

Looking at the historical financial data, Bada garden accounts for a high proportion in the main business of beautiful ecology, which also directly affects the performance of beautiful ecology. In 2017 and 2018, Meili ecology lost - 1.06 billion yuan and - 732 million yuan respectively, because the company lost money for two consecutive years, and the company wore a star and hat. In other words, if we do not purchase Bada garden, we will not have a continuous loss of performance.

After the completion of this transaction, Jiangsu Bada garden will no longer be included in the companys consolidated statements.