Securities code: 300390 securities abbreviation: Suzhou Ta&A Ultra Clean Technology Co.Ltd(300390) Announcement No.: 2022-017 Suzhou Ta&A Ultra Clean Technology Co.Ltd(300390)
Announcement on the provision for asset impairment in 2021
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete without false records, misleading statements or major omissions.
Suzhou Ta&A Ultra Clean Technology Co.Ltd(300390) (hereinafter referred to as "the company") held the 21st Meeting of the 5th board of directors and the 17th meeting of the 5th board of supervisors on February 7, 2022, and deliberated and adopted the proposal on withdrawing the provision for asset impairment in 2021. According to the Listing Rules of GEM stocks of Shenzhen Stock Exchange According to the provisions of relevant laws and regulations such as the guidelines for the standardized operation of companies listed on the gem of Shenzhen Stock Exchange, the specific conditions of the provision for asset impairment are hereby announced as follows:
1、 Provision for impairment of assets
(I) reasons for withdrawing provision for asset impairment
In order to truly reflect the company's financial situation and asset value, according to the relevant provisions of the accounting standards for business enterprises and the company's accounting policies, the company has conducted a comprehensive inventory of various inventories, receivables, long-term equity investment, fixed assets, construction in progress, intangible assets, goodwill and other assets within the scope of consolidated statements by the end of 2021, The company has fully evaluated and analyzed the assets with possible signs of impairment and conducted asset impairment test. According to the impairment test results, the management based on the principle of prudence, the company has accrued impairment reserves for relevant assets with possible asset impairment losses.
(II) scope and amount of provision for asset impairment
The asset items for which the company has made provision for asset impairment in 2021 within the scope of consolidated statements are mainly bad debt loss, inventory falling price loss and fixed asset impairment loss.
According to the impairment test results, the company has accrued a total of 31044055.15 yuan for various asset impairment reserves in 2021. The details of the provision for asset impairment in 2021 are as follows:
(unit: yuan)
Current amount of the project
1、 Bad debt provision 23810330.50
2、 Inventory falling price reserves 7358768.53
3、 Provision for impairment of contract assets -125043.88
Total 31044055.15
(III) recognition standard and withdrawal method of the provision for asset impairment this time
1. In 2021, the company accrued bad debt reserves of 23810330.50 yuan, including 17218525.24 yuan of bad debt reserves for accounts receivable, which are bad debt reserves with significant single amount and withdrawn separately, bad debt reserves with credit risk characteristics and bad debt reserves with insignificant single amount but withdrawn separately; The accrued notes receivable is 90573.45 yuan, which is a commercial acceptance bill; The bad debt provision of other receivables is 6501231.81 yuan, which is the bad debt provision withdrawn according to the combination of credit risk characteristics. The recognition standard and withdrawal method of bad debt provision for accounts receivable are as follows: (1) accounts receivable with significant single amount and separate withdrawal of bad debt provision
For the judgment basis or fund with significant single amount, the company determines the standard accounts receivable with single amount of more than 1 million yuan (including 1 million yuan) and other accounts receivable with single amount of more than 500000 yuan (including 500000 yuan) in the ending balance as accounts receivable with significant single amount.
For receivables with significant single amount, impairment test shall be conducted separately. If there is objective evidence that the single amount is significant and the bad debt is withdrawn separately, it is indicated that it has been impaired, according to the withdrawal method that the present value of its future cash flow is lower than its book provision
The impairment loss is recognized according to the difference of value, and the corresponding bad debt reserves are withdrawn accordingly.
(2) Receivables with bad debt reserves withdrawn according to the combination of credit risk characteristics
Portfolio name bad debt provision method
The receivables with significant single amount and no impairment in separate test shall be summarized with the aging analysis method of single amount
For large receivables, the company takes the aging or nature of the receivables as the combination of credit risk characteristics
In the above combination, the bad debt provision is withdrawn by aging analysis method:
Accrual proportion of aging accounts receivable accrual proportion of other accounts receivable
5.00% within 1 year (including 1 year)
1-2 years 10.00%
2-3 years 30.00%
3-4 years 50.00% 50.00%
4-5 years 80.00%
Over 100.00% 5 years
(3) Receivables with insignificant single amount but separate provision for bad debts
For accounts receivable with insignificant single amount but with objective evidence indicating impairment, the reason for withdrawing bad debt provision individually, and the bad debt provision withdrawn by aging analysis method can not reflect the actual situation, the company will conduct impairment test separately
The company conducts impairment test separately, and recognizes the impairment loss according to the difference between the present value of its future cash flow and the value of the accrual method of its book price bad debt provision, and accrues the corresponding bad debt provision accordingly
2. In 2021, the company accrued inventory falling price reserves of 7358768.53 yuan. The recognition standard and withdrawal method of inventory falling price reserves are as follows:
On the balance sheet date, it is measured according to the lower of cost and net realizable value. If the inventory cost is higher than its net realizable value, the inventory falling price reserve shall be withdrawn and included in the current profit and loss.
When determining the net realizable value of inventories, it shall be based on the reliable evidence obtained, and consider the purpose of holding inventories, the impact of events after the balance sheet date and other factors.
For inventories directly for sale, such as finished products, commodities and materials for sale, in the normal production and operation process, the net realizable value is determined by the amount of the estimated selling price of the inventory minus the estimated selling expenses and relevant taxes. For inventories held for the execution of sales contracts or labor contracts, the contract price shall be taken as the measurement basis of their net realizable value; If the quantity of inventory held is more than the quantity ordered in the sales contract, the net realizable value of the excess inventory is measured based on the general sales price. For materials used for sale, the market price shall be taken as the measurement basis of their net realizable value.
In the normal production and operation process, the net realizable value of the inventory of materials that need to be processed is determined by the estimated selling price of the finished products minus the estimated cost to be incurred at the time of completion, estimated selling expenses and relevant taxes. If the net realizable value of the finished product produced by it is higher than the cost, the material shall be measured at cost; If the decrease of material price indicates that the net realizable value of finished products is lower than the cost, the material shall be measured according to the net realizable value, and the inventory falling price reserves shall be accrued according to the difference.
Inventory falling price reserves are generally withdrawn according to a single inventory item; For the inventory with large quantity and low unit price, it shall be withdrawn according to the inventory category.
On the balance sheet date, if the factors affecting the previous write down of inventory value have disappeared, the amount written down shall be restored and reversed within the amount of inventory falling price reserves that have been accrued, and the reversed amount shall be included in the current profit and loss. 3. In 2021, the company made provision for impairment of contract assets of -125043.88 yuan. See the recognition standard and withdrawal method of bad debt provision for receivables for the recognition standard and withdrawal method of impairment provision for contract assets.
2、 Impact of the provision for asset impairment on the company
The company's provision for asset impairment this time is 31044055.15 yuan, which will reduce the total profit of the company in 2021 by 31044055.15 yuan. The provision for impairment of special assets has been recognized by the general accounting firm.
The company's provision for asset impairment in 2021 complies with the accounting standards for business enterprises and the company's accounting policies. According to the relevant provisions of Shenzhen Stock Exchange GEM Listing Rules, the provision for asset impairment does not need to be submitted to the general meeting of shareholders for deliberation. The provision for asset impairment this time does not involve related parties and related transactions.
4、 Review opinions on the provision for asset impairment this time
1. Review opinions of the board of directors
The board of Directors believes that the provision for asset impairment of the company this time meets the requirements of accounting standards and relevant policies, reflects the principle of accounting prudence, conforms to the actual situation of the company, and fairly reflects the financial status, asset value and operating results of the company as of 2021. The board of directors agreed to withdraw the provision for asset impairment in 2021.
2. Audit opinions of independent directors
After review, the independent directors believe that the company's provision for asset impairment in 2021 has fulfilled the corresponding approval procedures, in line with the accounting standards for business enterprises and the provisions of the company's relevant accounting policies and accounting estimates, and in line with the actual situation of the company. After the provision for asset impairment is made this time, the financial statements can more fairly reflect the asset value and operating results of the company, help to provide investors with more authentic and accurate accounting information, and there is no situation that damages the interests of the company and all shareholders. Agree to the company's current provision for asset impairment.
3. Review opinions of the board of supervisors
The board of supervisors considered that the provision for asset impairment of the company this time complied with the relevant provisions of the accounting standards for business enterprises and the relevant accounting systems of the company, the approval procedures were legal, the treatment of the provision for asset impairment was fair and reasonable, in line with the actual situation of the company, and agreed to the provision for asset impairment this time.
5、 Documents for future reference
1. Resolutions of the 21st Meeting of the 5th board of directors of the company;
2. Resolutions of the 17th meeting of the 5th board of supervisors of the company;
3. Independent opinions of independent directors on matters related to the 21st Meeting of the Fifth Board of directors.
It is hereby announced.
Suzhou Ta&A Ultra Clean Technology Co.Ltd(300390) board of directors February 7, 2022
