What are the risks of Ke Hua Bio's acquisition of Tianlong Technology at the financial statement level?

Goodwill impairment, integration risk, asset impairment.

1. In the performance gambling agreement of Tianlong Technology, its performance failed to meet expectations, resulting in a large amount of goodwill impairment of Ke Hua Bio, which affected its net profit.

2. There are risks in the business integration of the two companies. Whether Ke Hua Bio can successfully integrate the business of Tianlong Technology and whether the integrated business can be carried out smoothly is uncertain.

3. Some business of Tianlong Technology declined, and Ke Hua Bio made provision for impairment of related assets. In the future, this part of assets can not bring economic benefits to enterprises or reduce the value of assets, and asset impairment losses will occur.