HAOXIANGNI(SZ:002582) Zheng Quan Zhi Xing·2025-08-15 13:20Summary of Key Points Core Viewpoint The financial report of Haoxiangni Health Food Co., Ltd. highlights significant intercompany transactions and receivables involving related parties, indicating a complex network of financial relationships that may impact liquidity and operational efficiency. Group 1: Financial Relationships - The company has substantial receivables from related parties, including 8,294.15 million from Xinjiang Singing Fruit Food Co., Ltd. and 3,000.26 million from Xinjiang Le You Food Co., Ltd. [1][2] - Other receivables include 326.33 million from Henan Haoxiangni International Travel Agency Co., Ltd. and 1,767.50 million from Zhengzhou Haoxiangni Education Consulting Co., Ltd. [2][3] - The total amount of receivables from related parties is significant, with a total of 78,596.71 million reported [4]. Group 2: Operational Transactions - The company engages in various operational transactions with related parties, including water and electricity fees, rent, and other operational costs, which are categorized as operating transactions [2][3]. - Specific amounts for operational transactions include 45.55 million for water and electricity fees and 577.54 million for rent and goods [2][3]. - The company also has prepayments and other receivables related to operational activities, indicating ongoing financial interactions with its subsidiaries and affiliates [3][4]. Group 3: Control and Governance - The actual controller of the company has significant influence over various subsidiaries, which are involved in the financial transactions reported [1][2]. - The governance structure includes multiple companies where the actual controller holds directorships, further complicating the financial landscape [3][4]. - The financial report indicates that the intercompany transactions are closely monitored, with specific amounts detailed for each related party, reflecting a structured approach to managing these relationships [2][3].