Securities code: 002092 securities abbreviation: Xinjiang Zhongtai Chenical Co.Ltd(002092) Announcement No.: 2022-016 Xinjiang Zhongtai Chenical Co.Ltd(002092)
Announcement on provision for 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.
According to Xinjiang Zhongtai Chenical Co.Ltd(002092) (hereinafter referred to as "the company"), the proposal on the provision for impairment in 2021 was deliberated and adopted by the 34th meeting of the 7th board of directors and the 31st meeting of the 7th board of supervisors, and the relevant matters are announced as follows:
1、 Overview of the provision for impairment this time
(I) reasons for withdrawing provision for asset impairment
In accordance with the relevant requirements of the accounting standards for business enterprises and the stock listing rules of Shenzhen Stock Exchange (revised in 2022), in order to more truly and accurately reflect the assets and financial status of the company, based on the principle of prudence, the company has conducted an impairment test on the receivables, inventories and fixed assets within the consolidation scope, The possibility of receivables recovery is fully evaluated and analyzed, and the credit impairment loss is accrued. For inventories and fixed assets with signs of impairment, the asset impairment loss is accrued.
(II) specific description of the provision for asset impairment
From January to December 2021, the company accrued impairment loss of 245998200 yuan, including credit impairment loss of 121.1203 million yuan and asset impairment loss of 124.8779 million yuan. The details are as follows:
Amount of impairment loss accrued in 2021
(10000 yuan)
1、 Credit impairment loss 12112.03
Including: accounts receivable 10890.78
12225.1 other receivables
2、 Asset impairment loss 12487.79
Including: inventory 1145.64
Fixed assets 11342.15
Total 24599.82
(III) accrual method and recognition standard of asset impairment loss this time
1. Accounts receivable (accounts receivable, other accounts receivable)
According to the accounting standards, on the balance sheet date, based on the expected credit loss, the company carries out impairment treatment on the financial assets measured at amortized cost and recognizes the loss reserves. Assess the expected credit risk and measure the expected credit loss on the basis of single financial instrument or combination of financial instruments. When based on the combination of financial instruments, the company divides the financial instruments into different combinations based on the common risk characteristics. With reference to the experience of historical credit loss, combined with the current situation and the prediction of future economic conditions, the company calculates the expected credit loss through the expected credit loss rate or the comparison table between the aging of accounts receivable and the expected credit loss rate for the whole duration.
2. Inventory
On the balance sheet date, inventories are measured at the lower of cost and net realizable value. When the net realizable value is lower than the cost, the inventory falling price reserves shall be withdrawn. Inventory falling price reserves are usually withdrawn according to the difference between the cost of a single inventory item and its net realizable value. For the inventory with large quantity and low unit price, the inventory falling price reserves shall be withdrawn according to the inventory category; For the inventories related to the product series produced and sold in the same region, with the same or similar end use or purpose, and difficult to be measured separately from other items, the inventory falling price reserves can be accrued jointly.
3. Fixed assets
For fixed assets, the company determines whether there are signs of impairment on the balance sheet date. If there are signs of impairment, the recoverable amount shall be estimated and impairment test shall be conducted. If the impairment test results show that the recoverable amount of the asset group or combination of asset groups is lower than its book value, the corresponding impairment loss shall be recognized. The recoverable amount of the company's asset group is the net amount of the fair value of the assets minus the disposal expenses. Once the impairment loss of fixed assets is recognized, it will not be recovered in the future.
2、 Explanation of the board of directors on the rationality of the company's provision for asset impairment
The company's provision for asset impairment in 2021 complies with the actual situation of the company's assets and relevant policies and regulations. After withdrawing the provision for asset impairment, the company can more fairly reflect the company's asset status and make the company's accounting information about asset value more authentic, reliable and reasonable.
3、 Impact of the current provision for impairment on the company
In 2021, the company made a total of 245998200 yuan of provision for asset impairment of receivables, inventories and fixed assets. After considering the impact of minority shareholders' profits and losses, the provision for asset impairment decreased by 191908100 yuan of net profit attributable to the owner of the parent company in 2021, accounting for 7.10% of the absolute value of net profit attributable to the owner of the parent company in 2021.
4、 Opinions of the board of directors
The provision for impairment this time is in line with the accounting standards for business enterprises and relevant accounting policies of the company, with sufficient basis, reflecting the principle of accounting prudence and in line with the actual situation of the company. After the provision for asset impairment loss this time, it can more fairly reflect the assets and operating conditions of the company in 2021, without damaging the interests of the company and shareholders. 5、 Opinions of the board of supervisors
The company's provision for asset impairment is made in accordance with the accounting standards for business enterprises, the stock listing rules of Shenzhen Stock Exchange (revised in 2022) and the relevant accounting policies of the company, which is in line with the actual situation of the company and fairly reflects the assets and financial status of the company. The decision-making procedure of the board of directors of the company on this proposal is in line with the relevant provisions of relevant laws and regulations, Agree to withdraw the impairment provision this time.
6、 Documents for future reference
1. Resolutions of the 34th session of the 7th board of directors of the company;
2. Resolution of the 31st session of the 7th board of supervisors of the company.
It is hereby announced.
Xinjiang Zhongtai Chenical Co.Ltd(002092) board of directors February 7, 2002
