Announcement of Zhuhai Huijin Technology Co., Ltd. (2026)
Securities Code: 300561
Securities Abbreviation: *ST Huike
Announcement No.: 2026-042
Zhuhai Huijin Technology Co., Ltd. (hereinafter referred to as "the Company" or "Huijin Technology") received the "Inquiry Letter Regarding the Annual Report of Zhuhai Huijin Technology Co., Ltd." from the Shenzhen Stock Exchange's Growth Enterprise Market Company Management Department on April 14, 2026 (Inquiry Letter No. [2026] No. 13, hereinafter referred to as "the Inquiry Letter"). The Company's board of directors attaches great importance to the questions raised in the Inquiry Letter and has conducted thorough verification and implementation. The Company now responds to the relevant questions as follows:
Question 1:
Due to the Company's operating revenue being less than 100 million yuan in 2024, and the net profit attributable to shareholders of the listed company being negative before and after deducting non-recurring gains and losses, the Company's stock was subject to delisting risk warning. Additionally, due to significant deficiencies in the Company's internal controls in 2024, a negative opinion was issued in the audit report regarding internal controls. On April 9, 2026, the Company applied to the Exchange to revoke the delisting risk warning and other risk warnings, and announced this. During the reporting period, the Company achieved operating revenue of 112.08 million yuan, with total deductions amounting to 1.48 million yuan; the net profit after deducting non-recurring gains and losses (hereinafter referred to as net profit after deduction) was -16.77 million yuan, marking three consecutive years of negative values.
- Please explain the reasons for the Company's net profit after deduction being negative for three consecutive years, considering the industry environment, the Company's competitiveness, and the operating conditions of comparable companies in the same industry. Is there significant uncertainty regarding the Company's ability to continue as a going concern? What specific basis and rationale does the Company have for preparing the annual report based on the going concern assumption?
The Company responds:
- The reasons for the Company's net profit after deduction being negative for three consecutive years are primarily due to the scale of operating revenue being small, leading to low gross profit insufficient to cover the Company's business taxes and various period expenses. Additionally, after accounting for credit impairment losses and asset impairment losses, the operating profit was negative, with losses of 1.9493 million yuan, 24.3706 million yuan, and 20.2087 million yuan in each respective year. The profit and loss statements after deducting non-recurring gains and losses for each year are as follows:
| Project | 2025 | 2024 | 2023 |
|---|---|---|---|
| Operating Revenue | 11,208.48 | 8,983.38 | 13,917.79 |
| Less: Operating Costs | 5,966.13 | 4,739.36 | 7,289.46 |
| Gross Profit | 5,242.35 | 4,244.01 | 6,628.34 |
| Taxes and Additional Charges | 392.06 | 386.54 | 411.17 |
| Period Expenses | 5,903.90 | 5,872.23 | 6,346.27 |
| Add: Other Income | 334.41 | 308.39 | 441.41 |
| Credit Impairment Losses | -679.62 | -421.98 | -454.64 |
| Asset Impairment Losses | -622.06 | -308.72 | -52.61 |
| Operating Profit | -2,020.87 | -2,437.06 | -194.93 |
| Less: Income Tax Expense | 20.01 | -408.50 | -212.02 |
| Net Profit (Net Loss is marked with "−") | -2,040.88 | -2,028.56 | 17.09 |
| Minority Shareholders' Profit and Loss | -363.23 | -201.94 | 46.49 |
| Net Profit Attributable to Parent Company | -1,677.65 | -1,826.18 | -29.41 |
- Operating Conditions of Comparable Companies in the Same Industry The Company focuses on the financial industry, providing "cloud + terminal" overall solutions and services to clients, covering large state-owned commercial banks, joint-stock commercial banks, urban commercial banks, rural commercial banks, rural credit cooperatives, foreign banks, and large financial self-service equipment manufacturers. Based on customer similarity, product similarity, and other factors, we selected comparable companies in the same industry: Zhaori Technology (SZ.300333), Hengyin Technology (SH.603106), Haoyun Technology (SZ.300448), and Zhongke Jincai (SZ.002657). The revenue and net profit after deduction of non-recurring gains and losses for these companies from 2023 to 2025 are as follows: