Stock Code: Shandong Hongchuang Aluminum Industry Holding Company Limited(002379) stock abbreviation: Shandong Hongchuang Aluminum Industry Holding Company Limited(002379) Announcement No.: 2022010 Shandong Hongchuang Aluminum Industry Holding Company Limited(002379)
Announcement on the provision for asset impairment
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.
In order to accurately reflect the operation and consolidate the development foundation, according to the provisions of the accounting standards for business enterprises, the preliminary inspection and impairment test of various assets in the 2021 balance sheet were carried out. Based on the principle of prudence, the provision for asset impairment was 2166508776 yuan.
1、 Overview of the provision for asset impairment this time
1. Reasons for withdrawing provision for asset impairment
In accordance with the requirements of the accounting standards for business enterprises and the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 1 – standardized operation of listed companies on the main board, in order to more truly and accurately reflect the asset status and financial status of the company as of December 31, 2021, the company and its subsidiaries will pay attention to the inventory, accounts receivable, fixed assets A comprehensive inventory of construction in progress and other assets was conducted. Based on the inventory, the net realizable value of various inventories, the possibility of recovery of accounts receivable, the variable cash of fixed assets and projects under construction are fully analyzed and evaluated, and the impairment provision is made for the assets that may have asset impairment losses.
2. The asset scope, total amount and reporting period of the current provision for asset impairment
After the company and its subsidiaries conducted a comprehensive inventory and asset impairment test on the assets with possible signs of impairment at the end of 2021, including inventories, fixed assets and receivables, the provision for asset impairment of RMB 2166508776 was withdrawn in 2021, as shown in the following table:
Statement of provision for impairment of various assets in 2021
Unit: RMB
Asset name proportion of the amount of provision for asset impairment withdrawn from the beginning of the year to the end of the year to the absolute value of the audited net profit of the company in 2021
Receivables 262651207 3.50%
Including: accounts receivable -261493921 -3.48%
Other receivables 524145128 6.98%
Inventory 1903857569 25.33%
Total 2166508776 28.83%
2、 The impact of the current provision for asset impairment on the company
In 2021, the total amount of the company’s provision for asset impairment was 2166508776 yuan. After considering the impact of income tax, the provision for asset impairment will reduce the net profit attributable to the owner of the parent company by 2087619868 yuan in 2021 and the owner’s equity attributable to the parent company by 2087619868 yuan in 2021. The provision for asset impairment will not affect the prediction of the company’s 2021 annual performance in the 2021 annual performance forecast disclosed by the company on January 29, 2022. Please invest rationally and pay attention to risks.
3、 Statement of the Audit Committee on the rationality of the company’s provision for impairment of large assets
The Audit Committee believes that the provision for asset impairment this time complies with the provisions of the accounting standards for business enterprises and the relevant accounting policies of the company. The provision for asset impairment this time is based on the principle of prudence, fully based and fairly reflects the financial status, asset value and operating results of the company as of December 31, 2021.
4、 Documents for future reference
1. Explanation of the Audit Committee on the rationality of the company’s provision for impairment of large assets.
It is hereby announced.
Shandong Hongchuang Aluminum Industry Holding Company Limited(002379) board of directors February 28, 2002
