ZJGS(SH:600052) Zheng Quan Zhi Xing·2025-07-02 16:36Core Viewpoint - The independent directors of Zhejiang Dongwang Times Technology Co., Ltd. provided their opinions regarding the inquiries from the Shanghai Stock Exchange, focusing on the company's investments and transactions with its related party, Jumping New Energy, and the associated financial implications [1][2]. Group 1: Investment in Jumping New Energy - The company holds a 32% stake in Jumping New Energy, with a long-term equity investment balance of 42.5066 million yuan at the end of 2024, and recognized losses of -2.2773 million yuan in 2023 and -17.3166 million yuan in 2024 under the equity method [1]. - The company is required to disclose details about the initial and subsequent investments in Jumping New Energy, including investment amounts, shareholding ratios, and the relationship between the two companies [1]. - The inquiry also requests information on Jumping New Energy's revenue and profit since the initial investment, as well as the reasons for the increasing investment losses [1]. Group 2: Accounts Receivable and Bad Debt Provisions - The company reported a significant increase in cash from investment activities, amounting to 506 million yuan, a year-on-year growth of 379.51% [3]. - The independent directors confirmed that the accounts receivable and bad debt provisions are based on real business transactions and comply with accounting standards, with no evidence of fund misappropriation by related parties [2]. - The company is asked to provide detailed information on the top five accounts receivable clients, including their relationships and transaction details, to ensure transparency and compliance with regulatory inquiries [2]. Group 3: Other Receivables - The company reported other receivables of 625 million yuan, with 99.3998 million yuan being overdue for more than three years, primarily related to film investment and deposits [4]. - The independent directors stated that the cash payments related to investment activities were primarily for guarantee compensation to former controlling shareholders and their affiliates, with no evidence of fund misappropriation [4].