Securities code: Tianjin Printronics Circuit Corporation(002134) securities abbreviation: Tianjin Printronics Circuit Corporation(002134) Announcement No.: 2022010 Tianjin Printronics Circuit Corporation(002134)
Announcement on provision for impairment of assets and disposal of assets
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.
Tianjin Printronics Circuit Corporation(002134) (hereinafter referred to as "the company") held the 7th Meeting of the 6th board of directors and the 5th meeting of the 6th board of supervisors on March 4, 2022, and considered and adopted the proposal on withdrawing provision for asset impairment and disposing of assets. According to relevant regulations, the provision for asset impairment and disposal of assets need not be submitted to the general meeting of shareholders for deliberation. The details are hereby announced as follows:
1、 Summary of the provision for asset impairment and disposal of assets this time
In order to truly and fairly reflect the company's financial situation, asset value and operating results, based on the principle of prudence, and in accordance with the requirements of the accounting standards for business enterprises, the guidelines for the standardized operation of listed companies of Shenzhen Stock Exchange and other relevant regulations, the company has evaluated and tested the inventory, fixed assets and accounts receivable as of December 31, 2021, The provision for impairment of assets with signs of impairment is 1.6584 million yuan for fixed assets, 932800 yuan for inventory falling price, 111313 million yuan for accounts receivable and other receivables, totaling 3.7225 million yuan. At the same time, the company plans to dispose of the above fixed assets with signs of impairment. Details are as follows:
Unit: 10000 yuan
Accrued amount of the project in the current period
Provision for impairment of fixed assets 165.84
Inventory falling price reserves 93.28
Bad debt provision 113.13
Including: bad debt provision for accounts receivable 117.80
Bad debt provision for other receivables -4.67
Day.
The provision for asset impairment and disposal of assets have been deliberated and approved at the 7th Meeting of the 6th board of directors and the 5th meeting of the 6th board of supervisors of the company; The independent directors expressed their independent opinions on the matter.
2、 Specific description of the provision for asset impairment and disposal of assets
1. Provision for impairment and disposal of fixed assets
According to the relevant provisions of the accounting standards for business enterprises and the company's accounting policies, the impairment test shall be conducted for the fixed assets with signs of impairment. When the recoverable amount of the assets is lower than its book value, the provision for impairment of fixed assets shall be withdrawn according to the difference between the recoverable amount and the book value.
At the end of the reporting period, the company counted and evaluated the equipment and other fixed assets. In view of the low efficiency, high energy consumption and beyond the service life of some equipment, and according to the fact that the recoverable amount of the assets is lower than its book value, the company plans to withdraw the impairment provision for some fixed assets and scrap them. The company has conducted an impairment test on some fixed assets, and it is estimated that the recoverable amount is lower than the book value. It is proposed to withdraw an impairment provision of 1.6584 million yuan for fixed assets and scrap them.
2. Provision for falling price of inventories
According to the relevant provisions of the accounting standards for business enterprises and the company's accounting policies, on the balance sheet date, inventories are measured at the lower of cost and net realizable value, and inventory falling price reserves are accrued according to the difference between inventory cost and net realizable value. For the inventory directly used for sale, its net realizable value shall be determined by the amount of the estimated selling price of the inventory minus the estimated selling expenses and relevant taxes in the normal production and operation process; For inventories that need to be processed, the net realizable value is determined by the estimated selling price of finished products minus the estimated cost to be incurred at the time of completion, estimated selling expenses and relevant taxes in the normal process of production and operation; On the balance sheet date, if there is a contract price agreement for one part of the same inventory and there is no contract price for other parts, the net realizable value shall be determined respectively, and compared with its corresponding cost to determine the amount of inventory falling price reserves withdrawn or reversed respectively.
At the end of the reporting period, the company counted and analyzed the inventory. Based on the principle of prudence, the company accrued 932800 yuan of inventory falling price reserves for inventory commodities with signs of impairment.
3. Provision for bad debts of accounts receivable
In accordance with the relevant provisions of the accounting standards for business enterprises and the company's accounting policies, the simplified model of expected credit loss is adopted for the receivables that do not contain major financing components (including the financing components in contracts not exceeding one year according to the accounting standards for Business Enterprises No. 14 - income), That is, the loss provision is always measured according to the amount of expected credit loss in the whole duration, and the increased or reversed amount of loss provision is included in the current profit and loss as impairment loss or gain. For receivables with significant financing components, the company chooses to adopt the simplified model of expected credit loss, that is, it always measures its loss reserves according to the amount of expected credit loss in the whole duration. The company considers all reasonable and based information, including forward-looking information, and estimates the expected credit loss of accounts receivable individually or in combination. When measuring the expected credit loss of accounts receivable, the company uses the migration rate model to adjust the expected credit loss of accounts receivable based on historical default rate and forward-looking estimation.
According to the above standards, the provision for bad debts of accounts receivable is 1178000 yuan in this period.
4. Provision for bad debts of other receivables
According to the relevant provisions of the accounting standards for business enterprises and the company's accounting policies, when individual other receivables cannot obtain the information to evaluate the expected credit loss at a reasonable cost, the company divides other receivables into several combinations according to the characteristics of credit risk, and calculates the expected credit loss on the basis of the combination. The basis for determining the combination is as follows: the basis for determining the combination of projects
Other receivables Portfolio 1 has low credit risk, such as: deposit, deposit, internal current account, reserve fund, employee loan, rent, prepayment of other receivables portfolio 2 other current account
The company comprehensively evaluates its credit risk on each balance sheet date and divides it into three stages to calculate the expected credit loss.
According to the above standards, the provision for bad debts of other receivables in this period is -46700 yuan.
3、 The provision for asset impairment and the impact of asset disposal on the company
The total provision for asset impairment of the company this time is 3.7225 million yuan, which is expected to reduce the total profit of the company's consolidated income statement in 2021 by 3.7225 million yuan.
The company's provision for asset impairment and disposal of asset losses have not been audited by the audit institution in 2021, and the final data shall be subject to the financial data audited by the audit institution in 2021.
4、 Statement of the audit committee of the board of directors on the reasonableness of the provision for asset impairment and the disposal of assets
After review, the audit committee of the board of directors of the company believes that the provision for asset impairment and disposal of assets this time comply with the provisions of the accounting standards for business enterprises and relevant accounting policies of the company, are fully based, reflect the principle of accounting prudence, comply with the actual situation of the company, can more fairly reflect the assets of the company, and make the information about the value of assets of the company more authentic Reliable and more reasonable. Agree to withdraw the provision for asset impairment and dispose of assets this time.
5、 Opinions of independent directors
The independent directors expressed the following opinions on the company's provision for asset impairment and disposal of assets:
The company's provision for asset impairment and disposal of assets this time comply with the principle of prudence. The provision and disposal methods and decision-making procedures are legal and compliant, which can more fairly reflect the company's financial situation and operating results, and help to provide investors with more authentic, reliable and accurate accounting information, There is no situation that damages the interests of the company and all shareholders, especially minority shareholders. In view of the above reasons, we agree to the provision for asset impairment and disposal of assets this time.
6、 Opinions of the board of supervisors
After review, the board of supervisors of the company believes that the company's provision for asset impairment and disposal of assets in accordance with the accounting standards for business enterprises and relevant regulations are in line with the actual situation of the company, fairly reflect the financial status and operating results of the company, and there is no situation that damages the interests of the company and all shareholders, especially small and medium-sized shareholders. The decision-making procedure of the board of directors on this matter is legal and compliant, and agrees to withdraw the provision for asset impairment and dispose of assets this time.
7、 Documents for future reference
1. Resolutions of the 7th Meeting of the 6th board of directors; 2. Resolutions of the 5th meeting of the 6th board of supervisors; 3. Independent opinions of independent directors on matters related to the seventh meeting of the sixth board of directors. It is hereby announced.
Tianjin Printronics Circuit Corporation(002134) board of directors
March 4, 2002
