Securities code: Suzhou Harmontronics Automation Technology Co.Ltd(688022) securities abbreviation: Suzhou Harmontronics Automation Technology Co.Ltd(688022) Announcement No.: 2022011 Suzhou Harmontronics Automation Technology Co.Ltd(688022)
Announcement on the provision for asset impairment
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear legal responsibility for the authenticity, accuracy and integrity of its contents according to law.
1、 Overview of provision for asset impairment
Suzhou Harmontronics Automation Technology Co.Ltd(688022) (hereinafter referred to as "the company"), in accordance with the accounting standards for business enterprises and the relevant provisions of the company's accounting policies and accounting estimates, in order to truly and accurately reflect the company's financial position and operating results as of December 31, 2021, and based on the principle of prudence, the company conducted impairment test on the accounts receivable and inventories of the company and its subsidiaries, After preliminary investigation and calculation by the company's financial department, it is estimated that the total asset impairment loss and credit impairment loss recognized in 2021 will be 337926 million yuan. The details are shown in the table below:
Provision for the project in 2021
Amount of impairment provision (10000 yuan)
Bad debt provision for accounts receivable 2426.2
Inventory falling price reserves 953.06
Total 337926
2、 Specific description of the provision for asset impairment
(I) basis and amount of bad debt provision for accounts receivable
The company estimates the expected credit loss of financial assets measured at amortized cost in a single or combined manner by considering all reasonable and based information, including forward-looking information. For financial assets with significantly different credit risks, the company will individually assess the credit risk and confirm the bad debt provision, such as accounts receivable in dispute with the other party or involving litigation and arbitration; Receivables with obvious indications that the debtor is likely to be unable to perform its obligations or continue to perform the contract.
According to the test, the bad debt provision of accounts receivable accrued by the company in 2021 was 24.262 million yuan. It is mainly because the company filed a lawsuit against the overdue accounts receivable of Jiangxi batwei New Energy Technology Co., Ltd. according to the relevant accounting policies of the company's accounts receivable bad debt provision, it is considered that there is objective evidence indicating impairment of this part of accounts receivable. The company assessed the credit risk of this part of accounts receivable individually and confirmed the bad debt provision. In 2021, The company made a single bad debt provision for the accounts receivable of Jiangxi batwei New Energy Technology Co., Ltd., and the amount included in the credit impairment loss in 2021 was 10.612 million yuan. Other accounts receivable are bad debt reserves withdrawn according to normal aging, totaling 13.65 million yuan.
(II) basis and amount of inventory falling price reserves
At the end of the year, the company shall measure 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 reserves shall be accrued and included in the current profits and losses. 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.
According to the test, in 2021, the company made a provision for inventory falling price of 9.5306 million yuan. This is mainly due to the changes in China's epidemic situation and relevant medical equipment market conditions. Some orders for medical intelligent equipment have been cancelled, resulting in the decrease of net realizable value of inventory. The company considers the risk of inventory impairment for the inventory of these cancelled orders, and makes a single provision for inventory falling price.
3、 The impact of the current provision for asset impairment on the company
In 2021, the company made a total provision of 337926 million yuan for impairment of various assets, reducing the total profit of the company's consolidated statements in 2021 by 337926 million yuan.
The above data is the preliminary calculation made by the company's financial personnel according to the current situation of the company's assets. Without the audit of the accounting firm, the final actual amount shall be subject to the audit amount of the accounting firm. Please pay attention to the investment risk. It is hereby announced.
Suzhou Harmontronics Automation Technology Co.Ltd(688022) board of directors February 28, 2022
