考核“精准”达标，百亿龙头是否调节利润？最新回应来了

Core Viewpoint - Neusoft Group has received an inquiry letter from the Shanghai Stock Exchange regarding potential profit adjustment to meet specific performance targets in its 2024 annual report [1][4]. Financial Performance - Neusoft Group reported operating revenues of 10.544 billion and 11.56 billion for 2023 and 2024 respectively, with net profits attributable to shareholders of -147 million and -36 million, indicating a reduction in losses but still negative [6]. - In 2024, the company achieved a net profit of 63 million, a year-on-year decline of 14.7%, while the main business net profit was 435 million, a year-on-year increase of approximately 22% [6]. Profit Adjustment Inquiry - The Shanghai Stock Exchange has requested Neusoft Group to clarify whether there has been any profit adjustment to meet specific performance targets and to explain the significant discrepancies between net profit and main business net profit [6][7]. - Neusoft Group stated that the main business net profit is defined as the net profit attributable to shareholders, excluding certain expenses and impacts from innovative business companies [6][7]. Long-term Investment Impairment - The company indicated that the main reasons for the significant difference between net profit and main business net profit include a negative impact of 177 million from innovative business companies and a need to recognize impairment losses of 181 million on long-term equity investments [7][8]. - The Shanghai Stock Exchange has also requested clarification on the adequacy of impairment provisions for specific long-term equity investments [7]. High Borrowing Despite Cash Reserves - As of the end of the reporting period, Neusoft Group had cash reserves of 2.79 billion, with short-term and long-term borrowings of 320 million and 730 million respectively [10]. - The company explained that high borrowing levels despite substantial cash reserves are due to cash flow volatility, significant foreign exchange fluctuations, and the need to ensure operational liquidity [10][11]. Company Overview - Neusoft Group is a leading global information technology, products, and solutions company, established in 1991 as China's first listed software company [10]. - As of July 4, the company's market capitalization was 11.37 billion [10].