Securities code: 603559 securities abbreviation: Zhongtongguomai Communication Co.Ltd(603559) Announcement No.: pro 2022-011 Zhongtongguomai Communication Co.Ltd(603559)
Suggestive announcement on the proposed provision for asset impairment in 2021
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Zhongtongguomai Communication Co.Ltd(603559) (hereinafter referred to as “the company”) has conducted a preliminary impairment test on the relevant asset groups of the company’s wholly-owned subsidiary Shanghai Gongchuang Information Technology Co., Ltd. (hereinafter referred to as “Shanghai Gongchuang”) in accordance with the accounting standards for business enterprises, accounting supervision risk tip No. 8 – goodwill impairment and the company’s accounting policies. In 2021, the company plans to withdraw goodwill The provision for impairment of accounts receivable and other receivables is expected to reduce the net profit attributable to the shareholders of the listed company from 292.81 million yuan to 390.29 million yuan. 1、 Overview of the proposed provision for impairment
(I) Goodwill
In accordance with the accounting standards for business enterprises issued by the Ministry of Finance and the requirements of accounting supervision risk tips No. 8 – goodwill impairment issued by the CSRC, the company conducted a preliminary goodwill impairment test on Shanghai Gongchuang. The main business segments of Shanghai Co creation are IDC business and system integration business, and the revenue and profit decreased significantly during the reporting period. The main reason is that the Shanghai municipal government’s corresponding access policy changes for the IDC industry and the vigorous development of “public cloud”, resulting in the intensification of internal competition in the industry, the difficulty of maintaining customers and the loss of some customers. At the same time, the order volume of system integration sector is insufficient and the profit decreases greatly; Considering the operating conditions and development expectations of Shanghai Gongchuang, it is preliminarily judged that there are signs of goodwill impairment. The amount of goodwill impairment provision to be withdrawn in this period is about 250 million yuan to 324.89 million yuan. The amount of the final provision for goodwill impairment shall be determined by the audit of the accounting firm according to the goodwill impairment test and evaluation report issued by the evaluation institution.
(II) accounts receivable
The credit impairment loss of accounts receivable to be withdrawn in this period is about 35.81 million yuan to 53.71 million yuan, which is mainly due to the rolling extension of the aging of individual customers in the portfolio of state-owned enterprises, non operators and other customers.
(III) other receivables
The credit impairment loss of other accounts receivable to be withdrawn in the current period is about 7.83 million yuan to 11.74 million yuan, which is mainly due to the result that the bad debt is withdrawn in full according to the expectation of uncollectible transactions arising from the trade return business in 2020.
2、 Impact of the proposed provision for impairment on the company
The above asset impairment events are expected to have an impact on the company’s net profit attributable to the shareholders of the listed company in 2021, ranging from 292.81 million yuan to 390.29 million yuan.
3、 Risk tips
(I) the amount of impairment of long-term assets to be accrued this time is the preliminary calculation result of the company. At present, the asset impairment test has not been completed, and the final amount will be determined after evaluation and audit by the evaluation institution and audit institution hired by the company. Please make careful decisions and pay attention to investment risks.
(II) the company’s proposed provision for asset impairment needs to be reviewed and approved by the board of directors.
It is hereby announced.
Zhongtongguomai Communication Co.Ltd(603559) board of directors January 29, 2002
