天龙股份收到上海证券交易所问询函

Core Viewpoint - The company, Tianlong Co., Ltd. (603266.SH), has received a second inquiry letter from the Shanghai Stock Exchange regarding its asset acquisition, raising concerns about the potential negative impact on the company's performance and the prudence of the high-premium acquisition [1] Group 1: Inquiry Details - The inquiry requests the company to explain the rationale behind proceeding with a high-premium acquisition despite potential negative impacts on performance, large goodwill impairment, and insufficient compensation capability from performance commitment parties [1] - The company is asked to provide detailed explanations on revenue estimation logic, including key parameters such as win rates, order completion rates, capacity planning, and annual decline ratios [1] - The inquiry also seeks a quantitative analysis of risks such as lower-than-expected core customer model releases, declining project landing rates, and delayed capacity releases, questioning whether the revenue forecasts are overly optimistic [1] Group 2: Future Projections - The company is required to justify the reasons for maintaining high revenue scales and rapid growth predictions for the target company beyond 2029, ensuring that the underlying assumptions are cautious and objective [1]