Securities code: 002869 securities abbreviation: Shenzhen Genvict Technologies Co.Ltd(002869) Announcement No.: 2022-002
Shenzhen Genvict Technologies Co.Ltd(002869)
Announcement on the provision for asset impairment in 2021
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.
1、 Overview of the provision for asset impairment this time
(I) basis and reasons for withdrawing provision for asset impairment
In accordance with the relevant provisions of the accounting standards for business enterprises, the stock listing rules of Shenzhen Stock Exchange (revised in 2022) and the accounting policies of Shenzhen Genvict Technologies Co.Ltd(002869) (hereinafter referred to as "the company" or "the company"), in order to more truly, objectively and accurately reflect the financial position of the company as of December 31, 2021, based on the principle of prudence, The company has comprehensively checked and evaluated all kinds of assets within the scope of consolidated statements, and accrued corresponding credit impairment losses and asset impairment losses for relevant assets with signs of impairment. From January to December 2021, the company accrued 96.0598 million yuan of impairment loss, including 1.1194 million yuan of credit impairment loss and 94.9404 million yuan of asset impairment loss.
According to the relevant provisions of the Listing Rules of Shenzhen Stock Exchange (revised in 2022) and the articles of association, the provision for impairment does not need to be considered by the board of directors or the general meeting of shareholders of the company.
(II) details of the provision for impairment this time
From January to December 2021, the company accrued various impairment reserves totaling 96.0598 million yuan, as shown in the following table:
Unit: 10000 yuan
Amount of provision for impairment in 2021
1、 Credit impairment loss 111.94
Including: accounts receivable -107.82
Other receivables 219.76
2、 Asset impairment loss 9494.04
Including: inventory 9891.47
Contract assets -397.43
Total 9605.98
Note: the above data has not been audited.
2、 The recognition standard and withdrawal method of the provision for asset impairment this time
(I) accounts receivable
The company assesses the expected credit loss of receivables based on individual and combination. If there is objective evidence
Securities code: 002869 securities abbreviation: Shenzhen Genvict Technologies Co.Ltd(002869) Announcement No.: 2022-002
If the credit impairment of receivables has occurred, the expected credit loss of the company's receivables is determined on the basis of individual assets. For the accounts receivable divided into portfolio, the company refers to the historical credit loss experience, combined with the current situation and the prediction of future economic conditions, and calculates the expected credit loss through the comparison table between the aging of the aging portfolio and the expected credit loss rate in the whole duration.
(II) provision for inventory impairment
On the balance sheet date, inventories are measured at the lower of cost and net realizable value, and inventory falling price reserves are withdrawn according to the difference between the cost of a single inventory and the net realizable value. For the inventory directly used for sale, its net realizable value shall be determined by the amount of the estimated selling price of the inventory minus the estimated selling expenses and relevant taxes in the normal production and operation process; For inventories that need to be processed, the net realizable value is determined by the estimated selling price of finished products minus the estimated cost to be incurred at the time of completion, estimated selling expenses and relevant taxes in the normal process of production and operation; On the balance sheet date, if there is a contract price agreement for one part of the same inventory and there is no contract price for other parts, the net realizable value shall be determined respectively, and compared with its corresponding cost to determine the amount of inventory falling price reserves withdrawn or reversed respectively.
3、 The impact of the current provision for asset impairment on the company
The company's provision for asset impairment in 2021 totaled 96.0598 million yuan, which is in line with the accounting standards for business enterprises and relevant policies and regulations, in line with the actual situation of the company's assets, can more fairly reflect the company's asset status, and can make the company's accounting information on asset value more authentic, reliable and reasonable. The provision for asset impairment this time will reduce the current net profit of the company by 81.6508 million yuan and the owner's equity by 81.6508 million yuan. The company's provision for asset impairment has not been audited and confirmed by the accounting firm, and the final data shall be subject to the financial data audited by the accounting firm.
4、 Statement of the audit and budget review committee of the board of directors on the rationality of the provision for asset impairment this time
The company has provided detailed information on the provision for asset impairment in 2021 and fully explained the relevant contents. As a member of the audit and budget review committee of the board of directors, we have consulted and reviewed the relevant information. We believe that the provision for asset impairment this time is in line with the accounting standards for business enterprises and relevant accounting policies of the company, The provision for asset impairment this time reflects the principle of accounting prudence, which is fully based and fairly reflects the company's financial status, asset value and operating results as of December 31, 2021.
It is hereby announced.
Shenzhen Genvict Technologies Co.Ltd(002869) board of directors January 29, 2022
