Minkave(SZ:300506) Zheng Quan Zhi Xing·2025-08-25 17:26Summary of Key Points Core Viewpoint - The financial data indicates significant non-operating fund occupation and inter-company transactions within Shenzhen Mingjiahui Technology Co., Ltd, highlighting potential liquidity issues and reliance on related parties for funding [1][2]. Group 1: Non-Operating Fund Occupation - The report shows that there is a total of non-operating fund occupation from controlling shareholders and their subsidiaries, but specific amounts are not disclosed [1]. - The non-operating fund occupation is categorized under various related parties, indicating a lack of transparency in financial dealings [1]. Group 2: Inter-Company Transactions - The company has substantial inter-company transactions with its subsidiaries, including: - Mingjiang Zhihui (Zhongshan) Technology Co., Ltd with a balance of 733.34 million in other receivables [1]. - Beijing Dahua Shenyuan Technology Development Co., Ltd with a balance of 1,689.95 million in other receivables [1]. - Anhui Mingjiahui Industrial Park Development Management Co., Ltd with a balance of 13,847.74 million in other receivables [1]. - The total amount of inter-company transactions reported is 20,169.34 million, with a significant portion classified as non-operating [2].