Financials, Consumer Staples Aug 05, 2021 07:09 PM (GMT+8) · EqualOcean
Suning global replied to the attention letter that the non recurring gains and losses of Wuxi Suya, Tangshan Suya and Shijiazhuang Suya in the latest year are mainly government subsidies and individual income tax return. The net profit does not include a large proportion of non recurring gains and losses, which is stable and sustainable. The gross profit margin of the transaction object in 2020 is basically between 50% - 60%, and the industry average value is 54.70%; The net interest rate is between 13% - 17%, at a reasonable level, in line with the development trend of the industry. The future performance of the subject matter of the transaction has a large development space. Therefore, the assessed value obtained by discounting according to the expected future income is larger than the book net assets.
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