Securities code: 003001 securities abbreviation: Zhongyan Technology Co.Ltd(003001) Announcement No.: 2021-088 Zhongyan Technology Co.Ltd(003001)
Announcement on changes in accounting estimates
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.
Zhongyan Technology Co.Ltd(003001) (hereinafter referred to as "the company") convened the 30th meeting of the second board of directors and the 18th meeting of the second board of supervisors on December 22, 2021, deliberated and adopted the proposal on changes in accounting estimates. This change in accounting estimates does not need to be submitted to the general meeting of shareholders for deliberation. The specific situation is hereby announced as follows:
1、 Overview of changes in accounting estimates
1. Reasons for changes in accounting estimates
In order to more objectively and fairly reflect the company's financial status and operating results, refer to the historical credit loss experience, and provide investors with more reliable and accurate accounting information in combination with the company's business development and management mode, according to the accounting standards for business enterprises and in combination with the actual situation of the expected credit risk of the company's receivables, At the same time, with reference to the measurement of expected credit loss of receivables of some listed companies in the same industry, the company makes this accounting estimate change.
2. Change date
The change of accounting estimates shall be implemented from the date of deliberation and approval by the board of directors.
3. Accounting estimates adopted before and after this change
The expected credit loss is accrued by aging analysis method for accounts receivable portfolio:
After change and before change
Expected credit loss aging of real estate public facilities expected credit loss withdrawal expected credit loss withdrawal aging withdrawal proportion (%) proportion (%)
2.237 within 1 year Within 15 years 10.00
1-2 years 11.1519 90 1-2 years 20.00
2-3 years 18.5230 18 2-3 years 40.00
3-4 years 48.5949 50 3-4 years 60.00
4-5 years 80.0080 00 4-5 years 80.00
More than 5 years 100.00100.00 More than 5 years 100.00
2、 Impact of changes in accounting estimates on the company
According to the relevant provisions of the accounting standards for Business Enterprises No. 28 - changes in accounting policies, accounting estimates and error correction, the company adopts the future applicable method for this change in accounting estimates, without retroactive adjustment to the disclosed financial reports, and will not have an impact on the disclosed audited financial statements of the company.
1. Impact on audited net profit and shareholders' equity of the latest fiscal year
Since the impact of this change in accounting estimates on the audited net profit and shareholders' equity in the latest fiscal year (2020) does not exceed 50%, according to the relevant provisions of the guidelines for the standardized operation of listed companies of Shenzhen Stock Exchange, this change in accounting estimates does not need to be submitted to the general meeting of shareholders of the company for deliberation.
2. Impact on current and future periods
According to the preliminary calculation, the change of accounting estimate will not change the nature of the company's profit and loss in 2021 and will not have a significant adverse impact on the company's operating performance. The final impact will be subject to the audited financial data in 2021.
3、 Explanation of the board of directors on the rationality of changes in accounting estimates
The changes in accounting estimates are in line with the actual situation of the company, can more objectively and fairly reflect the company's financial status and operating results, will not change the nature of the company's profit and loss in 2021, and will not have a significant adverse impact on the company's operating performance. The final impact is subject to the audited financial data in 2021. 4、 Opinions of independent directors
The change of accounting estimates complies with the provisions of relevant laws, regulations and the articles of association. The changed accounting estimates can objectively and fairly reflect the company's financial situation and operating results, and there is no situation that damages the interests of the company and all shareholders, especially minority shareholders. Therefore, we unanimously agree to the change of accounting estimates of the company. 5、 Opinions of the board of supervisors
The decision-making procedures for the change of accounting estimates comply with the provisions of relevant laws, regulations and the articles of association. The changed accounting estimates can objectively and fairly reflect the company's financial situation and operating results, and there is no situation that damages the interests of the company and all shareholders, especially small and medium-sized shareholders. Therefore, we unanimously agree to the change of the company's accounting estimates.
6、 Documents for future reference
1. Resolutions of the 30th meeting of the second board of directors of the company; 2. Independent opinions of the company's independent directors on matters related to the 30th meeting of the second board of directors; 3. Resolution of the 18th meeting of the second board of supervisors of the company. It is hereby announced.
Zhongyan Technology Co.Ltd(003001) board of directors December 24, 2021
