新三板2018年(nian)(nian)年(nian)(nian)報(bao)披(pi)露(lu)早已(yi)結束，但針對年(nian)(nian)報(bao)中暴露(lu)問(wen)題展開問(wen)詢仍(reng)在(zai)持(chi)續(xu)。全國(guo)(guo)股轉(zhuan)公(gong)(gong)司數據顯示(shi)，截(jie)至7月(yue)16日，全國(guo)(guo)股轉(zhuan)公(gong)(gong)司今年(nian)(nian)以來下發206份(fen)年(nian)(nian)報(bao)問(wen)詢函，數量創(chuang)歷史新高。持(chi)續(xu)經(jing)營能力、應收賬款、員(yuan)工人數及(ji)薪酬變化等(deng)是關(guan)注重點。部分公(gong)(gong)司近年(nian)(nian)來屢次受到問(wen)詢，其持(chi)續(xu)經(jing)營能力存在(zai)較大不確(que)定性(xing)。此外，6家掛牌公(gong)(gong)司披(pi)露(lu)了2019年(nian)(nian)半年(nian)(nian)度報(bao)告(gao)(gao)，11家公(gong)(gong)司披(pi)露(lu)半年(nian)(nian)度業績預(yu)告(gao)(gao)，多數公(gong)(gong)司業績預(yu)喜。

　　□本(ben)報記(ji)者 胡雨

　　監管持續發力

　　鶴(he)躍股份日前收(shou)(shou)(shou)(shou)到(dao)全(quan)國股轉公(gong)司下(xia)發的(de)2018年年報問詢函。公(gong)告顯示，2018年末，公(gong)司總資產(chan)906.28萬元(yuan)，應收(shou)(shou)(shou)(shou)賬(zhang)款賬(zhang)面(mian)價值(zhi)824.52萬元(yuan)，應收(shou)(shou)(shou)(shou)賬(zhang)款占(zhan)總資產(chan)比例(li)達90.98%，較期(qi)初增長(chang)150.27萬元(yuan)。其中(zhong)，公(gong)司對(dui)第二大客戶鶴(he)崗市永昌選煤(mei)有限責任公(gong)司應收(shou)(shou)(shou)(shou)款項(xiang)為478.41萬元(yuan)，占(zhan)公(gong)司應收(shou)(shou)(shou)(shou)賬(zhang)款期(qi)末余(yu)額(e)的(de)54.76%。

　　全國股轉公司要求鶴躍股份說(shuo)明(ming)，應(ying)(ying)收(shou)賬(zhang)(zhang)款本期(qi)期(qi)末與上(shang)年期(qi)末金額變動(dong)比(bi)例超過20%以及(ji)未收(shou)回的原(yuan)因(yin)；應(ying)(ying)收(shou)賬(zhang)(zhang)款的管理和催(cui)收(shou)情況(kuang)，應(ying)(ying)收(shou)賬(zhang)(zhang)款的催(cui)收(shou)計(ji)劃，預計(ji)回款金額及(ji)時(shi)間，是否存(cun)在款項(xiang)無法(fa)收(shou)回的風險；公司對鶴崗(gang)市永昌選煤有限責任(ren)公司所(suo)欠款項(xiang)不存(cun)在單項(xiang)計(ji)提的壞賬(zhang)(zhang)準備，要求說(shuo)明(ming)對單項(xiang)重大的應(ying)(ying)收(shou)賬(zhang)(zhang)款的減值測試(shi)過程(cheng)。

　　截至7月16日，今年(nian)以來(lai)全國股轉公司(si)(si)已(yi)下發202份年(nian)報(bao)問(wen)詢(xun)(xun)函(han)，較(jiao)上(shang)年(nian)同期(qi)的110份增長近1倍，再創歷史(shi)新高。持續經(jing)(jing)營(ying)能力、關聯交易、應收(shou)賬款、毛(mao)利率變(bian)動(dong)是(shi)監管層關注(zhu)的重點(dian)。員(yuan)(yuan)工人數(shu)及薪酬變(bian)化可以從一定程(cheng)度(du)折射公司(si)(si)經(jing)(jing)營(ying)狀況(kuang)。多(duo)家公司(si)(si)收(shou)到(dao)的2018年(nian)年(nian)報(bao)問(wen)詢(xun)(xun)函(han)中涉及員(yuan)(yuan)工及薪酬問(wen)題，具體(ti)包括人員(yuan)(yuan)變(bian)動(dong)是(shi)否影(ying)響持續經(jing)(jing)營(ying)能力、薪酬變(bian)動(dong)幅(fu)度(du)與職(zhi)工人數(shu)變(bian)動(dong)幅(fu)度(du)不一致等(deng)。

　　在2018年(nian)的(de)銷售(shou)費用(yong)(yong)中(zhong)，商(shang)中(zhong)在線職(zhi)工(gong)薪(xin)酬發(fa)(fa)(fa)(fa)生額(e)(e)(e)較(jiao)上年(nian)同期(qi)(qi)(qi)(qi)(qi)增(zeng)加12%，但銷售(shou)人(ren)員期(qi)(qi)(qi)(qi)(qi)末數量較(jiao)期(qi)(qi)(qi)(qi)(qi)初(chu)減少31%；管理(li)費用(yong)(yong)方面，職(zhi)工(gong)薪(xin)酬本(ben)期(qi)(qi)(qi)(qi)(qi)發(fa)(fa)(fa)(fa)生額(e)(e)(e)較(jiao)上年(nian)同期(qi)(qi)(qi)(qi)(qi)減少19%，但行政管理(li)人(ren)員期(qi)(qi)(qi)(qi)(qi)末數量較(jiao)期(qi)(qi)(qi)(qi)(qi)初(chu)增(zeng)加12%；研發(fa)(fa)(fa)(fa)費用(yong)(yong)中(zhong)，職(zhi)工(gong)薪(xin)酬本(ben)期(qi)(qi)(qi)(qi)(qi)發(fa)(fa)(fa)(fa)生額(e)(e)(e)較(jiao)上年(nian)同期(qi)(qi)(qi)(qi)(qi)增(zeng)加179%，但技術人(ren)員期(qi)(qi)(qi)(qi)(qi)末數量較(jiao)期(qi)(qi)(qi)(qi)(qi)初(chu)僅增(zeng)加19%。為此，全(quan)國股轉公司(si)要求(qiu)商(shang)中(zhong)在線詳細說明銷售(shou)費用(yong)(yong)、管理(li)費用(yong)(yong)、研發(fa)(fa)(fa)(fa)費用(yong)(yong)中(zhong)職(zhi)工(gong)薪(xin)酬的(de)變(bian)動幅度與職(zhi)工(gong)人(ren)數變(bian)動幅度不一致的(de)具體原因。

　　從目(mu)前(qian)情況看，收(shou)(shou)(shou)到(dao)(dao)二次(ci)問(wen)(wen)詢的公(gong)(gong)司(si)(si)數(shu)量明顯增多。截至7月(yue)(yue)16日(ri)，該數(shu)據達到(dao)(dao)8家(jia)。以(yi)大(da)衛之選為例，公(gong)(gong)司(si)(si)5月(yue)(yue)24日(ri)收(shou)(shou)(shou)到(dao)(dao)首份2018年(nian)年(nian)報問(wen)(wen)詢函。就(jiu)出(chu)售全(quan)資(zi)子公(gong)(gong)司(si)(si)股(gu)(gu)(gu)權、對(dui)外(wai)(wai)借款(kuan)(kuan)、對(dui)外(wai)(wai)投資(zi)、應收(shou)(shou)(shou)賬款(kuan)(kuan)、收(shou)(shou)(shou)入確認等問(wen)(wen)題，全(quan)國股(gu)(gu)(gu)轉公(gong)(gong)司(si)(si)要求公(gong)(gong)司(si)(si)就(jiu)股(gu)(gu)(gu)權受讓方與公(gong)(gong)司(si)(si)是(shi)(shi)否(fou)(fou)存關聯關系、無法收(shou)(shou)(shou)回借款(kuan)(kuan)是(shi)(shi)否(fou)(fou)會導(dao)致公(gong)(gong)司(si)(si)現金(jin)流緊張、對(dui)外(wai)(wai)投資(zi)商業合理(li)性等方面進行(xing)說(shuo)明。7月(yue)(yue)3日(ri)，公(gong)(gong)司(si)(si)再次(ci)收(shou)(shou)(shou)到(dao)(dao)問(wen)(wen)詢函，要求公(gong)(gong)司(si)(si)就(jiu)對(dui)外(wai)(wai)投資(zi)及出(chu)售全(quan)資(zi)子公(gong)(gong)司(si)(si)股(gu)(gu)(gu)權等事項進一步說(shuo)明，具體包括出(chu)資(zi)是(shi)(shi)否(fou)(fou)存在減值跡象、確認對(dui)外(wai)(wai)出(chu)售股(gu)(gu)(gu)權的投資(zi)收(shou)(shou)(shou)益(yi)是(shi)(shi)否(fou)(fou)符(fu)合企業會計準則的相關規定等。

　　對于(yu)年報問詢(xun)監管(guan)，全國(guo)股(gu)轉(zhuan)公(gong)司(si)(si)相(xiang)關負責人此前表示，今年將采取多舉(ju)措(cuo)強化掛牌(pai)公(gong)司(si)(si)年報監管(guan)，對掛牌(pai)公(gong)司(si)(si)年報中的(de)財務規范性等(deng)問題進(jin)行(xing)集中討論(lun)分(fen)析(xi)。對于(yu)涉眾(zhong)性強、存(cun)在高風(feng)險(xian)事項的(de)公(gong)司(si)(si)，全國(guo)股(gu)轉(zhuan)公(gong)司(si)(si)將進(jin)行(xing)重點審查。