Yibin Tianyi lithium industry science and Technology Innovation Co., Ltd
Notes to financial statements
As of December 31, 2021
(unless otherwise specified, the following monetary units are RMB)
1、 Basic information of the company
1. Company profile
Yibin Tianyi lithium industry science and Innovation Co., Ltd. (hereinafter referred to as "the company" or "the company") was established by Suzhou Ta&A Ultra Clean Technology Co.Ltd(300390) with a capital contribution of 476 million yuan, Ningbo Meishan bonded port Chaoxing investment partnership (limited partnership) with a capital contribution of 17.5 million yuan, Contemporary Amperex Technology Co.Limited(300750) with a capital contribution of 175 million yuan, and ningbohanyi investment partnership (limited partnership) with a capital contribution of 31.5 million yuan, The registered capital is 70 million yuan. As of December 31, 2021, Suzhou Ta&A Ultra Clean Technology Co.Ltd(300390) holds 68.00%, and Contemporary Amperex Technology Co.Limited(300750) holds 25.00%, Ningbo Hanyi investment partnership (limited partnership) holds 4.50%, and Ningbo Meishan bonded port Chaoxing venture capital partnership (limited partnership) holds 2.50%. The company's business license number is 91511523ma64ckaa7b, and its registered address is No. 99, Changxing Road, Jiang'an County, Yibin City, Sichuan Province. Legal representative: Pei Zhenhua.
The company's main business activities are the R & D, manufacturing and sales of lithium battery materials and lithium series products and new energy chemical products (excluding hazardous chemicals); Battery grade lithium hydroxide; Metal lithium (operated with valid license); Production, processing and sales of battery grade lithium carbonate, industrial grade lithium carbonate and other lithium series products and chemical products (excluding hazardous chemicals); And relevant technical research and promotion services, products, technology import and export business and consulting services.
2. Scope of consolidated financial statements
(1) Subsidiaries included in the consolidation scope of the company in the current period
No. full name of subsidiary company abbreviation shareholding ratio%
Direct and indirect
1 Yibin Weineng lithium science and Technology Innovation Co., Ltd. Weineng lithium 100.00 -
2 Meishan Tianyi lithium Technology Co., Ltd. Meishan Tianyi 100.00 -
3 Yibin Huayi environmental protection science and Innovation Co., Ltd. Huayi environmental protection 100.00 -
(2) Changes in the scope of the company's consolidated financial statements in the current period.
New subsidiaries during the reporting period:
No. full name of subsidiary company abbreviation of subsidiary company reason for inclusion in the consolidation scope during the reporting period
1. Yibin Weineng lithium industry science and Innovation Co., Ltd. Weineng lithium industry was newly established in 2021
2 Meishan Tianyi lithium Technology Co., Ltd. Meishan Tianyi newly established in 2021
3. Yibin Huayi environmental protection science and Innovation Co., Ltd. Huayi environmental protection was newly established in 2021
There was no decrease in subsidiaries during the reporting period.
See note VI "change of consolidation scope" for details of new and reduced subsidiaries in the current period.
2、 Preparation basis of financial statements
1. Preparation basis
The company prepares the financial statements on the basis of continuous operation, based on the actual transactions and events, and in accordance with the accounting standards for business enterprises and its application guidelines and the provisions of the interpretation of the standards.
2. Going concern
The company has evaluated the continuous operation ability of the company for 12 months since the end of the reporting period, and no matters affecting the continuous operation ability of the company are found. It is reasonable for the company to prepare financial statements based on continuous operation.
3、 Important accounting policies and accounting estimates
The following important accounting policies and accounting estimates of the company are formulated in accordance with the accounting standards for business enterprises. The business not mentioned shall be implemented in accordance with the relevant accounting policies in the accounting standards for business enterprises.
1. Statement of compliance with accounting standards for business enterprises
The financial statements prepared by the company comply with the requirements of the accounting standards for business enterprises and truly and completely reflect the company's financial status, operating results, changes in owner's equity, cash flow and other relevant information.
2. Accounting period
The accounting year of the company starts from January 1 to December 31 of the Gregorian calendar.
3. Business cycle
The normal business cycle of the company is one year.
4. Recording currency
The recording currency of the company is RMB.
5. Preparation method of consolidated financial statements
(1) Determination of consolidation scope
The consolidation scope of consolidated financial statements is determined on the basis of control, including not only subsidiaries determined according to voting rights (or similar voting rights) themselves or in combination with other arrangements, but also structured entities determined based on one or more contractual arrangements.
Control means that the company has the power to the investee, enjoys variable returns by participating in relevant activities of the investee, and has the ability to use the power to the investee to affect its return amount. Subsidiary refers to the subject controlled by the company (including the separable part of the enterprise and the invested unit, as well as the structured subject controlled by the enterprise). The structured subject refers to the subject designed without taking the voting right or similar rights as the decisive factor when determining its controller (Note: sometimes referred to as special purpose subject).
(2) Special provisions on the parent company as an investment subject
If the parent company is an investment entity, only those subsidiaries that provide relevant services for the investment activities of the investment entity will be included in the consolidation scope, and other subsidiaries will not be consolidated. The equity investors of subsidiaries that are not included in the consolidation scope will be recognized as financial assets measured at fair value and whose changes are included in the current profit and loss.
When the parent company meets the following conditions at the same time, the parent company is an investment subject:
① The company obtains funds from one or more investors for the purpose of providing investment management services to investors. ② The only business purpose of the company is to return investors through capital appreciation, investment income or both.
③ The company considers and evaluates the performance of almost all investments at fair value.
When the parent company changes from a non investment entity to an investment entity, except that only the subsidiaries that provide relevant services for its investment activities are included in the scope of the consolidated financial statements for the preparation of the consolidated financial statements, the enterprise will not consolidate other subsidiaries from the date of transformation, and will deal with them with reference to the principle of partially disposing of the equity of subsidiaries without losing control.
When the parent company changes from an investment entity to a non investment entity, the subsidiaries that were not included in the scope of the consolidated financial statements shall be included in the scope of the consolidated financial statements on the transformation date. The fair value of the subsidiaries that were not included in the scope of the consolidated financial statements on the transformation date shall be regarded as the transaction consideration purchased and shall be treated in accordance with the accounting treatment method of business combination not under the same control. (3) Preparation method of consolidated financial statements
The company prepares consolidated financial statements based on the financial statements of itself and its subsidiaries and other relevant materials. In preparing consolidated financial statements, the company regards the whole enterprise group as an accounting entity, and reflects the overall financial status, operating results and cash flow of the enterprise group in accordance with the recognition, measurement and presentation requirements of relevant accounting standards for business enterprises and unified accounting policies.
① Combine the assets, liabilities, owner's equity, income, expenses, cash flow and other items of the parent company and subsidiaries.
② Offset the long-term equity investment of the parent company in the subsidiary and the share of the parent company in the owner's equity of the subsidiary. ③ Offset the impact of internal transactions between parent company and subsidiaries and between subsidiaries. If the internal transaction indicates that the impairment loss of relevant assets occurs, the full amount of the loss shall be recognized.
④ Adjust special transactions from the perspective of enterprise groups.
(4) Treatment of increase or decrease in subsidiaries during the reporting period
① Increase subsidiaries or businesses
A. Subsidiaries or businesses increased by business combination under the same control
(a) When preparing the consolidated balance sheet, adjust the opening amount of the consolidated balance sheet and adjust the relevant items of the comparative statement. It is deemed that the consolidated reporting entity has existed since the time point when the final controller began to control.
(b) When preparing the consolidated income statement, the income, expenses and profits of the subsidiary and business combination from the beginning of the current period to the end of the reporting period shall be included in the consolidated income statement, and the relevant items of the comparative statement shall be adjusted. It is deemed that the consolidated reporting entity has existed since the time when the final controller began to control.
(c) When preparing the consolidated cash flow statement, the cash flow of the subsidiary and business from the beginning of the current period to the end of the reporting period shall be included in the consolidated cash flow statement, and the relevant items of the comparative statement shall be adjusted. It is deemed that the consolidated reporting entity has existed since the time when the final controller began to control.
B. Subsidiaries or businesses increased by business combination not under the same control
(a) When preparing the consolidated balance sheet, the opening balance of the consolidated balance sheet shall not be adjusted.
(b) When preparing the consolidated income statement, the income, expenses and profits of the subsidiary and the business from the date of purchase to the end of the reporting period shall be included in the consolidated income statement.
(c) When preparing the consolidated cash flow statement, the cash flow of the subsidiary from the purchase date to the end of the reporting period shall be included in the consolidated cash flow statement.
② Disposal of subsidiaries or businesses
A. When preparing the consolidated balance sheet, the opening balance of the consolidated balance sheet shall not be adjusted.
B. When preparing the consolidated income statement, the income, expenses and profits of the subsidiary and the business from the beginning of the business to the disposal date shall be included in the consolidated income statement.
C. When preparing the consolidated cash flow statement, the cash flow of the subsidiary and the business from the beginning of the period to the disposal date shall be included in the consolidated cash flow statement.
(5) Special considerations in consolidation offset
① The long-term equity investment of the company held by a subsidiary shall be regarded as the treasury stock of the company, which shall be listed as a deduction from the owner's equity in the consolidated balance sheet with the item of "minus: treasury stock".
The long-term equity investment of the subsidiary is offset by the equity of its long-term investment in the subsidiary.
② Since "special reserve" and "general risk reserve" items are neither paid in capital (or share capital) nor capital reserve, nor different from retained earnings and undistributed profits, after the long-term equity investment and the owner's equity of the subsidiary offset each other, they will be restored according to the share attributable to the owner of the parent company.
③ If there is a temporary difference between the book value of assets and liabilities in the consolidated balance sheet and their tax basis in the tax paying entity due to the offset of unrealized internal sales profits and losses, the deferred income tax assets or deferred income tax liabilities shall be recognized in the consolidated balance sheet, and the income tax expenses in the consolidated income statement shall be adjusted at the same time, Except for deferred income tax related to transactions or events directly included in owner's equity and business combination.
④ The unrealized profits and losses from internal transactions arising from the sale of assets by the company to subsidiaries shall be fully offset against the "net profit attributable to the owner of the parent company". Unrealized profits and losses from internal transactions arising from the sale of assets by a subsidiary to the company shall be distributed and offset between "net profits attributable to the owners of the parent company" and "profits and losses of minority shareholders" according to the distribution proportion of the company to the subsidiary. Unrealized internal transaction profits and losses arising from the sale of assets between subsidiaries shall be distributed and offset between "net profits attributable to the owners of the parent company" and "minority shareholders' profits and losses" according to the distribution proportion of the company to the seller's subsidiaries.
⑤ If the current loss shared by the minority shareholders of a subsidiary exceeds the share of the minority shareholders in the owner's equity of the subsidiary at the beginning of the period, the balance shall still offset the minority shareholders' equity.
(6) Accounting treatment of special transactions
① Purchase of minority equity
The company purchases the equity of subsidiaries owned by minority shareholders of subsidiaries. In individual financial statements, the investment cost of long-term equity investment newly obtained by purchasing minority equity is measured according to the fair value of the consideration paid. In the consolidated financial statements, the difference between the long-term equity investment newly obtained due to the purchase of minority shares and the share of net assets of the subsidiary continuously calculated from the purchase date or the merger date according to the newly increased shareholding ratio shall be adjusted to the capital reserve (capital premium or equity premium). If the capital reserve is insufficient to be offset, the surplus reserve and undistributed profit shall be offset successively.
② Obtaining control of subsidiaries step by step through multiple transactions
A. Business combination under the same control is realized step by step through multiple transactions
On the consolidation date, the company determines the initial investment cost of long-term equity investment in individual financial statements according to the share of the book value of the net assets of subsidiaries in the consolidated financial statements of the final controller; For the difference between the initial investment cost and the sum of the book value of the long-term equity investment before the merger plus the book value of the newly paid consideration for further shares on the merger date, the capital reserve (capital premium or equity premium) shall be adjusted. If the capital reserve (capital premium or equity premium) is insufficient to offset, the surplus reserve and undistributed profit shall be offset successively.
In the consolidated financial statements, the assets and liabilities of the combined party obtained by the combining party in the merger shall be measured according to the book value in the consolidated financial statements of the final controller on the merger date, except for the adjustment due to different accounting policies; The difference between the book value of the consolidated capital and the net capital reserve before the adjustment (the balance between the book value of the consolidated capital and the retained capital reserve before the adjustment) and the net capital reserve before the adjustment. For the equity investment held by the combining party before obtaining the control of the combined party and calculated according to the equity method, the later of the date of obtaining the original equity and the date when the combining party and the combined party are under the final control of the same party, to the date of combination
