19 On the evening of April 30th, the annual report of 20 18 released by Shanghai Phoenix showed that the asset impairment loss caused by the provision of bad debts related to ofo was 4 107 million yuan; At the end of 20 18, the bad debt reserve of 4,703,438+0,000 yuan was accrued from the receivables from Dongxia Datong (ofo operator).
In 20 18, ofo's bad debt reserve exceeded 47 million yuan.
The annual report shows that in 20 18, Shanghai Phoenix achieved an operating income of 762 million yuan, down 46.68% year-on-year; The net profit attributable to shareholders of listed companies was 20180,200 yuan, down 73.73% year-on-year; After deducting non-recurring gains and losses, the net profit loss attributable to shareholders of listed companies was 699,900 yuan. In 20 17, the non-net profit attributable to shareholders of listed companies was 52.025 million yuan.
Shanghai Phoenix said that on 20 16-20 17, the rapidly expanding bicycle * * enjoyment industry entered an inflection point on 20 18, and the small bicycle * * enjoyment operating companies closed down one after another, and there were only a handful of existing bicycle * * enjoyment brands. As the main producers and suppliers of bicycles and spare parts, enterprises engaged in the field of bicycle enjoyment are greatly affected by the high payment arrears and accounts receivable.
The annual report shows that among the non-main businesses that cause significant changes in profits, asset impairment loss is the most important one, involving an amount of 465,438+0,076,5438+0,000 yuan, which is due to the provision for bad debts for accounts receivable of ofo and its affiliated enterprises.
At the same time as the 20 18 financial report, there is also an announcement about the large provision for asset impairment on 20 18.
According to the announcement, as of 20 18, 12 and 3 1, Phoenix Bicycle, a subsidiary of Shanghai Phoenix Holdings, has received 82,784,300 yuan from Dongxia Datong and its affiliated companies (excluding interest receivable). According to the aging analysis method, the provision for bad debts should be 20,696,438+0,000 yuan (the provision ratio is 25%). Based on the principle of prudence, the company plans to make full provision for bad debts for the remaining 62.088 million yuan.
According to the announcement, at the end of 20 18, Shanghai Phoenix accumulated a provision for bad debts of 4,703.38+00,000 yuan for the receivables related to Phoenix Bicycles of Dongxia Datong; In addition, Shanghai Phoenix also made provision for asset impairment of 7,699,438+0,000 yuan for the equity value of Jinkai Small Loan.
To sum up, this large asset impairment reserve will reduce the company's consolidated net profit for 20 18 by 31686,500 yuan. Shanghai Phoenix said that this more fairly reflects the company's assets.
In the first quarter of this year, ofo repaid more than 35 million yuan in arrears.
However, the slightly comforting news is that although ofo is in crisis, it is still trying to pay back the money.
Shanghai Phoenix said in the first quarter financial report that in the first quarter of 2065438+2009, the company received 35,746,200 yuan from Dongxia Datong through various channels.
Of the provision for bad debts of 47,034,438+0,000 yuan accrued in 2065,438+08, Shanghai Phoenix has written off the money received in the first quarter of 2065,438+09.
In June this year, 65438+1October 1 1, Shanghai Phoenix announced that after mediation by Beijing No.1 Intermediate People's Court, its subsidiary Phoenix Bicycle reached a mediation agreement with Dongxia Datong. Both parties confirm that Dongxia Datong should pay 7 1, 9 1, 6 1, 000 yuan to Phoenix Bicycle, and Phoenix Bicycle has recently received a frozen sum of 27,924.38 million yuan transferred by the court from Dongxia Datong, and the rest will be paid in installments.
On April 15, Wang Chaoyang, president of Shanghai Phoenix, also said at the 20 19 China Electric Bicycle Industry Summit Forum that the arrears of ofo*** bicycles were being recovered normally.
"20 19, bicycles enjoy healthy development. The existing three companies have adjusted their prices, become more planned and work closely with the government. They also began to look for better ways to make profits, manage and operate. " Wang Chaoyang said that he believes that the pleasure of cycling will remain one of the main forces in the whole travel field.
In the second half of last year, I fell into a financial crisis and was troubled by negative factors.
Since the cold winter of capital in the second half of last year, with the cooling of economic prosperity, ofo has also fallen into crisis due to the tight capital chain. A series of negative news such as "prostitution" financing, large-scale layoffs, reduction of overseas business, and suppliers' arrears in payment for goods are endless?
At that time, Shanghai Phoenix announced that its holding subsidiary Phoenix Bicyc
After that, ofo will make headlines because of negative news every once in a while. In late September, ofo was told to "run away" because everyone at the Beijing headquarters went to the empty building. After that, ofo responded that "it is because the lease term has moved to other floors and it is still working normally."
Due to negative entanglement and declining reputation, the trust crisis caused users to refund the deposit. Due to the hidden entrance of deposit refund, the delay of deposit refund, and the number of people queuing for deposit refund exceeding 10 million, the issue of deposit refund by ofo has become a hot topic on the Internet several times.
Based on the deposit of 99 yuan or 199 yuan per person, the deposit to be refunded by ofo ranges from10.50 billion yuan to 3 billion yuan. Even if 10 thousand people are retired every day, it will take four or five years to finish.
Since then, ofo has eased the financial pressure and solved the user deposit problem through body advertising, cooperation with online loan companies to convert deposits, and online discount malls. But so far, it has not achieved remarkable results.
Domestic troubles and foreign invasion, the crisis is not over yet.
April 18 The latest news about ofo, Zhengzhou Urban Management Bureau organized a comprehensive assessment of the operation and maintenance management of Hello, mobike, Qingju and ofo bicycles put into urban areas in the first quarter from March 26th to March 3rd1. Since ofo bicycles are leaving the last place, it is decided to reduce the quota of ofo bicycles by 5,000, and it is required to clear the Zhengzhou market before the end of April.
On March 25, ofo issued an internal anti-corruption email saying that since the end of last year, the company * * * has investigated and dealt with eight corruption incidents, of which four have entered the judicial process and five have been transferred to the judicial organs, involving millions of yuan, mainly involving illegal situations such as embezzlement and reselling of company property. It is reported that the central part of ofo involved in this case is divided into former employees.
At the same time, the main operator of ofo, Dongxia Datong, is frequently listed as the executor by the court, and the founder Dai Wei also bears the reputation of Lao Lai. So far, the company has executed more than 100 messages.
Tianyuecha data shows that ofo was recently frozen by its two companies.
Equity: Green Rice (Shanghai) Machinery Leasing Service Co., Ltd. and Chengdu Zhike Travel Technology Co., Ltd., the main operator of * * * tram "Zhike Travel".
This article is from China Fund.
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