Securities code: Zhejiang Windey Co.Ltd(300772) securities abbreviation: Zhejiang Windey Co.Ltd(300772) Announcement No.: 2022021
Zhejiang Windey Co.Ltd(300772)
Announcement on the provision for asset impairment in 2021
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records
Contains, misleading statements or material omissions.
1、 Overview of the provision for asset impairment this time
Zhejiang Windey Co.Ltd(300772) (hereinafter referred to as "the company") according to the
Guidelines for the standardized operation of municipal companies, guidelines for the business handling of GEM listed companies No. 2 - disclosure of periodic reports
Related matters, Shenzhen Stock Exchange GEM listed companies self regulatory guidelines No. 1 - business handling No
Chapter I information disclosure: Section II matters related to periodic report disclosure, accounting standards for business enterprises and relevant meetings of the company
The accounting policy is based on the principle of prudence to truly and accurately reflect the company's finance, assets and operating conditions
In addition, for various accounts receivable, notes receivable and deposits within the scope of consolidated statements as of December 31, 2021
Goods, prepayments, other receivables, long-term equity investment, fixed assets, construction in progress, intangible assets, etc
A comprehensive inventory of assets was carried out. The possibility of impairment of various assets has been fully evaluated, analyzed and judged
If there are signs of possible impairment, the asset impairment provision to be withdrawn is determined.
In accordance with the Shenzhen Stock Exchange GEM Listing Rules, the articles of association and other relevant provisions, this
The provision for asset impairment is not required to be submitted to the board of directors or the general meeting of shareholders for deliberation.
2、 Scope and total amount of provision for asset impairment this time
In 2021, accounts receivable and accounts receivable of the company (including subsidiaries at all levels within the scope of consolidated statements, the same below)
The total amount of credit impairment provision and asset impairment provision for bills received, other receivables and inventories is
24 Jiangsu Hongtu High Technology Co.Ltd(600122) 269 yuan. The details are as follows:
The book value at the beginning of the year increases in the current period and decreases in the current period. The book value at the end of the period
Withdrawal of project balance and its reversal or verification balance
He reselled
Bad debt provision: 27736476451938121462822154862273
Including: accounts receivable 23509131891838587413820736787327
Contract assets 9894900798949007
Other non current assets 979562422
Notes receivable 123526484 -123526484
Other receivables 29920797240355545339563517
Inventory falling price reserves 167704092452189076416895948565
Total 4450 Beijing Tieke Shougang Railway-Tech Co.Ltd(688569) 24 Jiangsu Hongtu High Technology Co.Ltd(600122) 26929050810838
3、 Recognition criteria and methods for the provision for asset impairment this time
(I) recognition standards and withdrawal methods of accounts receivable, contract assets and other non current assets
Asset Name: accounts receivable, contract assets and other non current assets
Closing book balance (yuan): 980741870041
Recoverable amount of assets (yuan): 958926571285
The company calculates the expected credit loss on the basis of single item or overdue aging combination
The calculation process of the recoverable amount of assets refers to the experience of historical credit loss, combined with the current situation and future economic conditions
Forecast the default risk exposure and expected credit loss throughout the duration
Rate, calculate expected credit loss
The provision for asset impairment is based on the accounting standards for Business Enterprises No. 22 - recognition and measurement of financial instruments
Amount withdrawn in the current period (yuan): 19464385567
Accumulated accrued amount (yuan): 21815298756
Reason for withdrawal: the company withdraws according to the expected credit loss rate of single item and overdue aging combination.
(II) recognition standard and withdrawal method of other receivables
Asset name other receivables
Closing book balance (yuan): 6186218937
Recoverable amount of assets (yuan): 5846655420
Combined according to the nature of the payment, referring to the experience of historical credit loss and combined with the current situation
And the prediction of future economic conditions, through default risk exposure and future
The expected credit loss is calculated based on the expected credit loss rate within 12 months or the whole duration
The calculation process of the recoverable amount of assets is not correct; According to the overdue aging combination, with reference to the experience of historical credit loss, combined with the current
Prepare other accounts receivable based on the previous situation and the prediction of future economic conditions
Compare the aging of the period with the expected credit loss rate of the whole duration, and calculate the expected credit loss rate
Use loss.
The provision for asset impairment is based on the accounting standards for Business Enterprises No. 22 - recognition and measurement of financial instruments
Amount withdrawn in the current period (yuan) 40355545
Accumulated accrued amount (yuan): 339563517
The reason for withdrawal is based on the nature of other receivables and overdue aging, with reference to historical credit
Loss experience, combined with the current situation and the prediction of future economic conditions, points
Do not withdraw bad debt reserves.
(III) recognition standard and withdrawal method of inventory
Asset name inventory
Closing book balance (yuan): 623197375322
Recoverable amount of assets (yuan): 616301426757
Inventories are measured at the lower of cost and net realizable value. Inventory falling price reserves are usually accrued according to the difference between the cost of a single inventory 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, in the normal production and operation process, the estimated selling price of finished products is calculated based on the recoverable amount of the generated assets minus the estimated cost to be incurred at the time of completion
The net realizable value of the company shall be determined based on the estimated sales expenses and relevant taxes; 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.
The provision for asset impairment is based on the accounting standards for Business Enterprises No. 1 - inventories
Amount withdrawn in the current period (yuan): 5218907641
Accumulated accrued amount (yuan): 6895948565
The inventory is measured at the lower of cost and net realizable value, and the inventory falling price reserves are withdrawn according to the difference between the inventory cost and net realizable value.
4、 The impact of the current provision for asset impairment on the company
During the reporting period, the total amount of the company's provision for credit impairment and asset impairment was
24 Jiangsu Hongtu High Technology Co.Ltd(600122) 269 yuan, which will reduce the net profit of the company in 2021 by 20890435183 yuan and the owner's equity of the company by 20890435183 yuan at the end of the reporting period.
The provision for asset impairment has been audited by Tianjian Certified Public Accountants (special general partnership).
The provision for asset impairment this time truly reflects the financial situation of the company, meets the requirements of accounting standards and relevant policies, conforms to the actual situation of the company, and does not harm the interests of the company and shareholders.
It is hereby announced.
Zhejiang Windey Co.Ltd(300772) board of directors March 7, 2022
