Securities code: 300495 securities abbreviation: * ST Meishang Announcement No.: 2022-019 Misho Ecology & Landscape Co.Ltd(300495)
Announcement on correction of accounting errors in the third quarter of 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.
The 47th meeting of the third board of directors and the 43rd meeting of the third board of supervisors of Misho Ecology & Landscape Co.Ltd(300495) (hereinafter referred to as "Meishang ecology" or "the company") deliberated and adopted the proposal on correction of accounting errors in the third quarter of 2021, and agreed that the company, in accordance with the accounting standards for Business Enterprises No. 28 - changes in accounting policies, accounting estimates and error correction According to the requirements of the China Securities Regulatory Commission on the rules for the preparation and reporting of information disclosure of companies offering securities to the public No. 19 - correction and related disclosure of financial information, the accounting errors in the third quarter of 2021 are corrected and the relevant financial data are adjusted. The specific circumstances are as follows:
1、 Summary of accounting errors in the third quarter of 2021
On January 18, 2022, the company disclosed the announcement on the progress of warning and apology of other risks in the company's Stock Trading (Announcement No.: 2022-003). On June 30, 2021, the company's secondary wholly-owned subsidiary Shanghai Huajing Horticulture Co., Ltd. (hereinafter referred to as "Shanghai Huajing") received the return of the occupied capital of RMB 30007500 from the controlling shareholder, The source of funds is the loan from the controlling shareholder Wang Yingyan of Hangzhou LIANHANG Industry Co., Ltd. (hereinafter referred to as "LIANHANG industry"), which has been transferred to the self owned account of LIANHANG industry due to different loan conditions. Due to the company's wrong judgment on the nature of the repayment occupied by the actual controller of RMB 300000.75 million, the financial data of the third quarter of 2021 are now adjusted.
2、 Impact of correction of accounting errors in the third quarter of 2021 on the financial statements in the third quarter of 2021
In the consolidated balance sheet, in the third quarter of 2021, monetary funds decreased by 300007500.00 yuan and other receivables increased by 300007500.00 yuan. In the consolidated cash flow statement, the cash received from other financing activities in the third quarter of 2021 was reduced by 300007500.00 yuan, and the balance of cash and cash equivalents at the end of the period was reduced by 300007500.00 yuan.
In the balance sheet of the parent company, other receivables in the third quarter of 2021 were increased by 150000375.00 yuan,
Deferred income tax assets decreased by 2250056.25 yuan and undistributed profits increased by 12750318.75 yuan. common
In the company's income statement, the credit impairment loss in the third quarter of 2021 was increased by RMB 15000375.00, and the income tax expense
Increase by 2250056.25 yuan and net profit by 12750318.75 yuan. Reason for adjustment:
The actual payee of 300007500.00 yuan is the subsidiary Shanghai Huajing, and the parent company is adjusting the
In case of transaction, the account "other receivables - Wuxi Ruide textile and Garment Design Co., Ltd." shall be increased and decreased
Account "other receivables - Shanghai Huajing". Because no provision for bad debts was made for Wuxi Ruide in the third quarterly report, according to
The aging portfolio has accrued 5% bad debt provision for Shanghai Huajing, i.e. RMB 15000375.00, so it needs to be written off
The bad debt provision for Shanghai Huajing was 150000375.00 yuan, and other receivables were increased
150000375.00 yuan, which is listed as "other receivables" in the balance sheet, and the credit impairment loss is increased at the same time
RMB 15000375.00, and the corresponding deferred income tax assets of RMB 2250056.25 are reduced.
1. Balance sheet items
(1) Consolidated balance sheet items
Amount before project adjustment amount after adjustment
Monetary capital 437745558.32 -300007500.00 137738058.32
Other receivables 680143241.11 300007500.00 980150741.11
Total assets 6979997623.42
(2) Balance sheet items of parent company
Amount before project adjustment amount after adjustment
Other receivables 1074005626.74 15000375.00 1089006001.74
Total current assets 2532799412.95 15000375.00 2547799787.95
Deferred income tax assets 289445841.96 -2250056.25 287195785.71
Total non current assets 3321652538.70 -2250056.25 3319402482.45
Total assets 5854451951.65 12750318.75 5867202270.40
Undistributed profit -830663325.39 12750318.75 -817913006.64
Total owner's equity (or shareholder's equity) 2207194849.68 12750318.75 2219945168.43
Total liabilities and owner's equity (or shareholder's equity) 5854451951.65 12750318.75 5867202270.40
2. Income statement items
Income statement of parent company
Amount before project adjustment amount after adjustment
Credit impairment loss (loss expressed with "-") 6372715.22 15000375.00 21373090.22
Operating profit (loss expressed with "-") - 35582040.01 15000375.00 -20581665.01
Total profit (total loss expressed with "-") - 35975728.10 15000375.00 -20975353.10
Income tax expense -2905433.53 2250056.25 -655377.28
Net profit (total loss expressed with "-") - 33070294.57 12750318.75 - 20319975.82
3. Cash flow statement items
Consolidated cash flow statement items
Current amount of the project adjusted amount after adjustment
Cash received from other financing activities: 509094647.55 -300007500.00 209087147.55
Subtotal of cash inflow from financing activities 763594647.55 -300007500.00 463587147.55
Net cash flow from financing activities 225270702.94 -300007500.00 -74736797.06
Net increase in cash and cash equivalents 232745535.43 -300007500.00 -67261964.57
Ending balance of cash and cash equivalents 323762973.09 -300007500.00 23755473.09
3、 Opinions of the board of directors, independent directors and board of supervisors on the correction of accounting errors
1. Opinions of the board of directors
The board of Directors believes that the correction of accounting errors in the third quarter of 2021 complies with the relevant provisions and requirements of the accounting standards for Business Enterprises No. 28 - changes in accounting policies and accounting estimates and correction of errors and the rules for the preparation of information disclosure of companies offering securities to the public No. 19 - correction and relevant disclosure of financial information.
The corrected financial data and financial statements can objectively, accurately and truly reflect the operation and financial status of the company. Therefore, the board of directors agreed to the correction of accounting errors.
2. Opinions of independent directors
The independent directors believe that the correction of accounting errors in the third quarter of 2021 complies with the relevant provisions of the accounting standards for Business Enterprises No. 28 - changes in accounting policies and accounting estimates and correction of errors and the rules for the preparation of information disclosure of companies offering securities to the public No. 19 - correction and related disclosure of financial information. The corrected financial data and financial statements can objectively and accurately reflect the actual operation and financial situation of the company. This correction of accounting errors does not damage the interests of the company and all shareholders, especially minority shareholders. The deliberation and voting procedures of the board of directors on the correction of accounting errors comply with laws, regulations, the articles of association and other relevant provisions. We unanimously agree to this correction of accounting errors.
3. Opinions of the board of supervisors
The board of supervisors believes that the correction of accounting errors in the third quarter of 2021 complies with the relevant provisions of the accounting standards for Business Enterprises No. 28 - changes in accounting policies and accounting estimates and correction of errors and the rules for the preparation of information disclosure of companies offering securities to the public No. 19 - correction and related disclosure of financial information. The corrected financial data and financial statements can reflect the actual operation and financial status of the company. Circumstances that do not comply with the provisions of the articles of association and the voting procedures of the board of directors, as well as the damage to the interests of the company. Therefore, the board of supervisors agreed to the correction of accounting errors.
4、 Documents for future reference
1. Resolution of the 47th meeting of the third board of directors;
2. Resolution of the 43rd meeting of the third board of supervisors;
3. Independent opinions of independent directors on matters related to the 47th meeting of the third board of directors. It is hereby announced.
Misho Ecology & Landscape Co.Ltd(300495) board of directors February 18, 2022
