Core Viewpoint - Shiji Information (002153.SZ) plans to acquire a 13.50% minority stake in its subsidiary, Sishun Software, but has faced inquiries from the Shenzhen Stock Exchange due to continuous losses over the past five years and high restricted cash ratios [1] Group 1: Financial Performance - Shiji Information has indirectly held 66.23% of Sishun Software prior to the transaction, but the company has reported continuous losses, prompting regulatory scrutiny [1] - The core reasons for the continuous losses are attributed to industry cyclical fluctuations and significant prior investments in digital transformation, leading to short-term performance pressure [1] - Sishun Software, as a provider of retail software and payment technology services, has experienced revenue fluctuations but maintains a software business gross margin exceeding 93% and a technical service gross margin over 55%, which are higher than some peers [1] Group 2: Strategic Measures - The company is optimizing its business structure by focusing on high-margin core businesses while promoting cost reduction and efficiency improvements, resulting in decreased cost rates for some business lines [2] - In terms of restricted cash, the majority is tied to pledged time deposits and bank acceptance bill guarantees, which are compliant with daily operational requirements, indicating no non-operational fund occupation [2] - The acquisition is expected to enhance control over the subsidiary, integrate resources to improve synergy, and increase the company's equity stake, which will contribute to improving earnings per share [1]
连续五年亏损、货币资金受限仍收购子公司 石基信息遭问询后回复