*ST Nanfang Released The Cap Will Announce The Resumption Of "Southern Shares" In The Future.

< p > reporter: please give a brief account of the main reason why the company turned losses into profits in 2012.

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< p > answer: the main reasons are as follows: first, the company will stabilize its business and strengthen its cost control. In the 2012 year, the operating cost will be reduced by 8.18% yuan, the sales cost will be reduced by 8.18%, the sales cost will be reduced by 64 million 450 thousand, the cost will be reduced by 25.47%, the administrative cost will be 136 million 930 thousand yuan, the decrease will be 16.11%, the financial cost will be 103 million 800 thousand yuan, and the reduction will be 12.78%.

Two, the company achieved an investment income of 207 million yuan, an increase of 64.98%.

The growth of investment income is mainly to dispose of long-term equity investment and yield 100 million yuan, as well as the investment income of 90 million 60 thousand yuan for < a href= "http://www.91se91.com/news/" > "Long Shi Group" /a > Limited by Share Ltd.

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< p > reporter: in 2012, although the company realized profits, the net profit after deduction was negative. Can you analyze the reasons in detail? < /p >

< p > answer: the main reasons are as follows: first, the investment amount of the wholly owned subsidiary of Nanjing Nan Tai International Exhibition Center Co., Ltd. is 836 million yuan, and the profit in 2012 is only 420 thousand yuan, which can not cover the cost of capital far away. Two, the company at the end of 2012 has made a 92 million 619 thousand yuan impairment loss on the receivable and stock of the tested impairment.

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< p > reporter: < a href= "http://www.91se91.com/news/index_c.asp" > pick hat > /a > does it mean that fundamental changes have taken place in the company's fundamentals? < /p >

< p > A: the company's stock can be allowed to revoke the delisting risk warning this time, indicating that the company has improved in terms of business performance, risk management and control, asset quality and so on.

However, due to the loss of net assets in the past annual losses and the poor operating environment of the import and export industry, it is difficult for the company to achieve substantial growth in operating income, profits and net assets in the short term, and its solvency and profitability need to be further improved.

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< p > reporter: is there any possibility that the company will continue to enter the risk warning board for other reasons after the cancellation of the risk warning? < /p >

P: answer: if the company's business environment is not good enough, the main business profitability can not be effectively improved, or the sale of major assets can not effectively promote the project, do not exclude the possibility of a company to enter the risk warning board again.

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< p > reporter: after the controlling shareholder of the company exempted 100 million yuan of cash obligations, the company still had a large amount of other payments to the large eastern part of the stock market. Is there a greater risk of short-term debt repayment? Does it have an adverse effect on the future development of the company? < /p >

Answer: P: after the 100 million yuan cash obligation of the controlling shareholder of the business travel group, as at the end of 2012, the company's other accounts payable to the business group were 215 million yuan, and the other accounts payable to the wholly-owned subsidiary of the business group, Nan Tai Group, were about 59 million 800 thousand yuan.

The other payment nature of the company to the business travel group and the South Tai Group is loan, which is composed of many initial loans in 2011 and 2012, which are mainly used to supplement the company's working capital.

From the actual situation of the renewal of loans mentioned above in 2012, the company does not have a large short-term debt repayment risk to the controlling shareholders, business travel groups and other accounts payable by the Nan Tai Group, and will not adversely affect the future development of the company.

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< p > reporter: what is the progress of the company's investigation? < /p >

Answer: P: in March 23, 2012, the company received the notice of investigation issued by the SFC on suspicion of violating the laws and regulations of securities.

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< p > reporter: what is the progress of the major asset sale of the company's < a href= "http://www.91se91.com" > South Thailand exhibition > /a > 100%? < /p >

Answer: P: in December 8, 2012, the seventh four session of the board of directors approved the adoption of the state-owned property rights publicly listing method to pfer the 100% holding of Nanjing South Thailand exhibition company.

The two time the company held the 100% listing of the southern Thailand exhibition in the Nanjing property rights trading center publicly, and did not collect the intention assignee.

At present, the company is actively studying the sale of major assets, and will be submitted to the board for deliberation and announcement after it has been confirmed.

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< p > reporter: can you give a brief introduction to the management of the company? < /p >

Answer: P: in 2012, the company seized the opportunity to fully carry out the internal control standard construction. According to the requirements of the Ministry of finance, the Securities Regulatory Commission and the Shanghai Stock Exchange, the company carried out the internal control system construction within the Ministry and three main subsidiaries.

In view of business characteristics and management needs, the company has adjusted its organizational structure since March 2012, promoted the restructuring of functional departments, and organized three major business divisions according to business categories and market segments.

Since August 2012, the company's ERP has been fully launched, improving the company's information management capability by promoting financial and business integration.

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< p > reporter: what is the future development of the company? < /p >

P: answer: the company will continue to carry out the main business of import and export trade and domestic trade in the future, focusing on the main business and relying on the existing resources to tap the potential of integration, take the road of innovation and development, and create professional, efficient internal and external trade operators and service providers.

At the same time, after steadily improving the profitability of the main business, we should actively pay attention to investment opportunities in the market and seek new profit growth points.

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