Tong Wang's questions to Kuke Music Holding (KUKE) leadership • Q1 2022
Question
Tong Wang from Tiger Brokers asked about Kuke's current cash position, any potential financing plans, and requested a detailed explanation for the RMB 6.6 million impairment loss on financial assets.
Answer
CFO Hoi Tung Chan stated that as of March 31, 2022, the company's cash and cash equivalents stood at RMB 41.7 million, which he considers sufficient for current operations. He mentioned that while they might consider financing for a desirable M&A opportunity, there are no immediate plans. Chan clarified that the impairment loss was entirely related to accounts receivable within the smart music learning solutions business.