The listing of wireless media triggered a risk warning

Answer 1

According to the Hawkeye Early Warning System algorithm of the listed company of sina finance and economics, wireless media had triggered 18 financial risk early warning indicators.

1. Performance:
1. * * Growth Rate **:
- The compound growth rate of revenue was negative, and the compound growth rate of operating income in the past three full accounting years was-1.94%.
- The compound growth rate of net profit was negative, and the compound growth rate of net profit in the recent three complete accounting years was-10.66%.
- In the recent full accounting year, operating income increased by-1.12% year-on-year, net profit increased by-2.49%, and the growth rate of revenue and net profit declined.
2. * * Profits Quality **:
- The gross profit margin decreased year by year. The year-on-year changes in the last two periods of the last three complete accounting years were-7.03% and-4.09% respectively.
- The return on net assets declined year by year, showing a trend of decline year by year in the past three full accounting years.
- The net interest rate continued to decline.
- Research and development expenses accounted for less than 5% of the total revenue, which was 3.82% in the recent full accounting year.
- The proportion of sales expense revenue exceeded that of R & D. In the recent complete accounting year, R & D expense/operating revenue was 3.82%, and sales expense/operating revenue was 6.03%.

Second, asset quality and risk resistance:
- During the reporting period, the proportion of current assets and non-current assets in total assets changed, with total assets of 1.629 billion yuan, 1.825 billion yuan and 2.081 billion yuan respectively.
- The asset-debt ratio was 10.15%, 12.15% and 9.31% respectively, and the current ratio was 8.97, 7.25 and 10.35 respectively.
- In the latest complete accounting year, the ratio of accounts received to total assets was 1.77%, the ratio of inventory to total assets was 0.03%, the ratio of fixed assets to total assets was 3.20%, and the ratio of interest-bearing debt to total debt was 1.34%.

In addition, in the listing announcement, wireless media also pointed out 11 risks, including the risk of change in business license authorization, the risk of business license extension, the risk of model, the risk of safe operation, the risk of relatively concentrated business income, the risk of terminal market competition, the risk of limited expansion of the number of users of the basic business of iptv, the risk of large and fluctuating accounts and contract assets, the risk of changes in tax preferential policies, the risk of fluctuation in gross profit margin, and the risk of copyright disputes. During the reporting period, the company's revenue from the integrated broadcast control business accounted for 99.64%, 98.49% and 97.17% of the total revenue, which accounted for a relatively high proportion overall. If the relevant business license was not renewed or withdrawn after the expiration, it would have an adverse impact on the company's business.

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