Core Viewpoint - Hubei Junyao Health Beverage Co., Ltd. responded to the Shanghai Stock Exchange's inquiry regarding its 2024 annual report, addressing concerns about trading financial assets, other receivables, and subsidiary equity acquisitions [1] Group 1: Trading Financial Assets - Junyao Health reported a year-end balance of trading financial assets of 155 million yuan, an increase of 84.27% year-on-year, with trust financial products accounting for 134 million yuan [2] - The trust plan "Aijian Win-Win - Shanghai Huade Accounts Receivable Debt Collection Fund Trust Plan" was established on July 28, 2023, with a term of 36 months and a maximum scale of 370 million yuan, raising 305.2 million yuan, with Junyao Health subscribing 130 million yuan at an annualized benchmark interest rate of 7.1% [2] Group 2: Other Receivables - The balance of other receivables at the end of the reporting period was 124 million yuan, with a bad debt provision of 16.16 million yuan [4] - The significant other receivables primarily stemmed from a partnership with Shengjiao Winery, which ended in December 2022, where Junyao Health is owed unconsumed prepayments [4] Group 3: Supply Chain Business - Junyao Health's supply chain business recognized sales revenue of 582 million yuan in 2024, down from 809 million yuan in the previous year [6] - The company engaged in transactions with Yihe (Shanghai) Supply Chain Management Co., Ltd., with procurement and sales amounts showing a downward trend [7] Group 4: Subsidiary Equity Acquisitions - During the reporting period, Junyao Health's subsidiary Meiri Boshi acquired three e-commerce companies, with the first two being established only 20 days prior to the acquisition [8] - The acquisitions aimed to quickly enter the online market and utilize existing e-commerce store qualifications to bypass platform review cycles, with the acquisitions being zero-cost [8]

交通运输部财务审计司副司长程侃说，当前全球经济复苏的步伐依然蹒跚，地缘政治冲突阴云挥之不 去，气候变化的紧迫性挑战日益加剧，在此背景下，全球交通运输投融资领域也遭遇到了一些堵点和痛 点。一是资金缺口巨大，与融资渠道受限并存，全球范围内，特别是广大发展中国家，交通基础设施建 设的巨大资金需求与有限的公共财政投入、市场融资渠道不畅之间的矛盾日益突出。 另外一个问题是项目风险高企与投资信心不足交合。大型跨国交通项目通常周期较长、投资额巨大。但 现在世界面临地缘政治政策变动、市场波动、技术迭代、社会环境变化等多重风险交叠，显著抑制了民 营资本和长期投资者的热情，导致一些具有战略意义的项目推进困难。此外，目前还存在投融资规则体 系与工作机制衔接不畅的问题，这增加了跨境项目协调与落地的难度和成本。 他建议，需要各方共筑机制化合作平台，积极探索建立更加常态化的合作模式。其次，共推投融资模式 创新，大力探索和推广政府与社会资本合作，建立基础设施不动产信托投资基金、绿色债券和可持续发 展挂钩债券的多元化创新型融资工具和模式，这需要设计出科学合理的风险共担和利益共享机制，从而 有效激发民营资本和长期机构投资者的积极性，为交通项目 ...