Securities code: 300209 securities abbreviation: Tiza Information Industry Corporation Inc(300209) Announcement No.: 2022-007 Tiza Information Industry Corporation Inc(300209)
Announcement on the reply to the letter of concern of Shenzhen Stock Exchange
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
Tiza Information Industry Corporation Inc(300209) (hereinafter referred to as " Tiza Information Industry Corporation Inc(300209) ", "listed company" or "company") received the notice on Tiza Information Industry Corporation Inc(300209) (GEM notice [2022] No. 57) (hereinafter referred to as "notice letter") issued by the gem company management department of Shenzhen Stock Exchange on January 26, 2022, requesting the company to make a written explanation on relevant matters, Relevant explanatory materials shall be submitted to the gem company management department of Shenzhen stock exchange for disclosure before January 29, 2022, and a copy shall be sent to the listed company supervision department of Hunan securities regulatory bureau. The company has carefully checked the matters involved in the letter of concern, and now announces the answers to relevant questions as follows:
Your company disclosed the performance forecast for 2021 (hereinafter referred to as the performance forecast) on the evening of January 25, 2022. It is estimated that the net profit attributable to the shareholders of the listed company (hereinafter referred to as the "net profit") in 2021 will lose 1.8 billion yuan to 2.5 billion yuan, mainly due to the decline in performance during the reporting period, the provision for inventory falling price Goodwill impairment provision and bad debt provision of accounts receivable. At the same time, your company disclosed the employee stock ownership plan (Draft) in 2022. The participants include directors, supervisors, senior managers, middle-level managers and core backbone except independent directors. The source of shares is special shares for repurchase, the transfer price is 1 yuan / share, and the maximum transaction price of repurchased shares is 17.851 yuan / share. Our department is concerned about this. Please explain the following matters:
1. The performance forecast shows that affected by the changes in the policy environment of Amazon and other e-commerce platforms and the intensification of industry competition, your company's operating performance has fallen sharply, the sales volume of relevant inventory is lower than expected, and there are signs of impairment of the goodwill formed by the acquisition of Shenzhen youkeshu Technology Co., Ltd. (hereinafter referred to as "youkeshu"), Meanwhile, provision for impairment of accounts receivable and inventories of Yuanjiang Information Technology Co., Ltd. (hereinafter referred to as "Yuanjiang information") shall be made.
Q: (1) your company is requested to disclose the amount, composition, signs of impairment, the process and calculation basis of impairment provision.
reply:
(I) amount and composition of provision for impairment of main assets
In 2021, it is estimated that the amount and composition of the provision for impairment of various assets of the company are as follows:
Unit: RMB 10000
Estimated amount of main project
Provision for impairment of goodwill 50000.00-80000.00 trees
Inventory falling price reserves 66000.00-70000.00
Bad debt provision for accounts receivable 15300.00 Yuan Jiang information
Inventory falling price reserves 7600.00
Subtotal 138900.00-172900.00
(II) impairment signs and impairment accrual process of main assets
1. Impairment of goodwill of a tree
In 2021, affected by the change of Amazon platform policy environment and the fierce competition in European and American markets, the company's cross-border e-commerce business performance fell sharply. It is preliminarily estimated that the operating revenue in 2021 will decline by about 65% year-on-year. In addition, the relevant costs and expenses failed to decline in the same proportion, and a tree suffered a loss for the first time since it was included in the scope of the company's consolidated statements. The company judges that the goodwill formed by the acquisition of a tree has shown signs of impairment at the end of the reporting period. According to the provisions of accounting standards for Business Enterprises No. 8 - asset impairment, the company conducted a preliminary impairment test at the end of this year and made a corresponding provision for goodwill impairment of about 500-800 million yuan. The initial accrual process is as follows:
(1) Amount range withdrawn in the current period
In 2021, the amount of goodwill impairment reserves withdrawn by the company for youkeshu asset group is as follows:
Unit: RMB 10000
Asset group name: Net goodwill at the beginning of 2021 and the scope of goodwill impairment amount withdrawn in the current period
Youkeshu asset group 86733.75 50000.00-80000.00
(2) Calculation process of provision in this period
The details of predicted cash flow are as follows:
Unit: RMB 10000
The project will last for 2022, 2023, 2024, 2025 and 2026
1、 Operating income 178102.98 192351.22207739.31224358.46242307.14242307.14
2、 Operating cost 96175.61 103869.66112179.23121153.57130845.85130845.85
3、 Expenses 76030.70 82049.15 88549.09 95569.01 103150.53103150.53
4、 The estimated future cash flow is now 5259.08 5376.17 5501.54 5633.65 5774.82 6540.20
value
The calculation process of goodwill impairment is as follows:
Unit: 10000 yuan
The project has a tree
Shareholding ratio 99.9999%
1. Book value ① book value of asset group 12145.72
② Book value of goodwill 86733.75
③=①+② 98,879.47
① Including fair value of goodwill asset group minus disposal expenses and recoverable amount
② Net future cash flow of asset group including goodwill: 20000.00-50000.00
③ The recoverable amount is 20000.00-50000.00 whichever is higher in ① and ②
3. Goodwill impairment amount: 50000.00-80000.00
4. 0 accrued in previous years
5. 50000.00-80000.00 withdrawn in the current period
(2) Provision for inventory depreciation of a tree
1) Withdrawal method of inventory commodity falling price reserves
The stock of trees has the characteristics of large quantity and wide distribution.
Therefore, at the end of the period, according to the results of the comprehensive inventory, one tree accrued the inventory falling price reserves by category and category according to the stock age.
During the reporting period, due to the change of Amazon platform policy environment and the sharp contraction of independent station business, it is preliminarily expected that the operating revenue of a tree in 2021 will decrease by about 65% year-on-year. At the same time, the superimposed cross-border logistics price and cross-border logistics prescription fluctuate frequently in the short term. In order to accelerate the return of funds, some enterprises in the industry choose to quickly destock through price reduction and promotion, resulting in a more intense competitive environment faced by a tree. Based on the principle of prudence, according to the product characteristics of specific sales categories and the change characteristics of market prices, and referring to the treatment of overstocked and unsalable products, one tree will stock the products represented by electronic products, mobile communication and game accessories for Amazon platform in the early stage, as well as the main remaining health products and daily necessities of independent station business, The depreciation provision proportion was increased accordingly. The adjustment of the depreciation provision proportion of specific categories does not change the established inventory depreciation policy of Youshu.
2) Depreciation provision of inventory goods
The depreciation provision of affected inventories is as follows:
Unit: RMB 10000
Withdrawal proportion of category falling price reserve balance
Health products and daily necessities 11834.23 70.00%
Electronic products, mobile communication and game accessories 44990.31 70.00%
Clothing, shoes and bags 1836.50 70.00%
Aircraft model parts and auto parts 263.37 70.00%
Household building materials and household products 3472.20 70.00%
Others 738.14 70.00%
Sporting goods and toys 5981.80 70.00%
Total 69116.54-
In addition to the above circumstances, the depreciation provision of other inventories is as follows:
a. The inventory accrual policy is as follows:
Inventory aging 0-30 days 30-90 days 90-180 181 days 1-2 years 2-3 years 3-5 years more than 5 days - 1 year
Health products and daily life 0% 0% 5% 10% 20% 50% 100% 100% electronic products and mobile phones
Communication and games with 0% 0% 5% 10% 20% 30% 100% 100% pieces
Clothing, shoes and bags 0% 0% 0% 0% 10% 50% 100% 100%
Aircraft model accessories, auto 0% 0% 5% 10% 20% 30% 100% 100% accessories
Home building materials and home 0% 0% 5% 10% 15% 20% 30% 100% household goods
Other 0% 0% 0% 0% 0% 0% 0%
