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Some investors asked Litong Electronics. The company's contract debt at the end of the second quarter decreased by 1,161 billion yuan compared to the first quarter, and operating income increased by 1,104 billion yuan. Was the contract fully fulfilled? Inventory decreased by nearly 2 billion yuan this quarter, while operating costs only increased by 586 million yuan. Are there any cases where inventory was returned in large amounts? Please explain the real reason for the drastic reduction in inventory. On October 15, the company answered on the interactive platform, “Hello! There are no cases where the company's inventory was returned in large amounts. The reduction in related inventory was due to the order delivery customer. The increase in revenue and costs is inconsistent with the amount of inventory reduction. It is mainly due to the company's computing power distribution business using the net amount method. The relevant revenue costs have been offset in the statement only because of gross profit.
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Some investors asked Litong Electronics. The company's contract debt at the end of the second quarter decreased by 1,161 billion yuan compared to the first quarter, and operating income increased by 1,104 billion yuan. Was the contract fully fulfilled? Inventory decreased by nearly 2 billion yuan this quarter, while operating costs only increased by 586 million yuan. Are there any cases where inventory was returned in large amounts? Please explain the real reason for the drastic reduction in inventory. On October 15, the company answered on the interactive platform, “Hello! There are no cases where the company's inventory was returned in large amounts. The reduction in related inventory was due to the order delivery customer. The increase in revenue and costs is inconsistent with the amount of inventory reduction. It is mainly due to the company's computing power distribution business using the net amount method. The relevant revenue costs have been offset in the statement only because of gross profit.
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