Securities code: Henan Qingshuiyuan Technology Co.Ltd(300437) securities abbreviation: Henan Qingshuiyuan Technology Co.Ltd(300437) Announcement No.: 2022011 Henan Qingshuiyuan Technology Co.Ltd(300437)
Announcement on the provision for asset impairment and credit 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, misleading statements or major omissions.
1、 Overview of provision for impairment this time
1. Reasons for withdrawing impairment provision
According to the accounting standards for business enterprises, Shenzhen Stock Exchange GEM Listing Rules, Shenzhen Stock Exchange self regulatory guidelines for listed companies No. 2 - standardized operation of companies listed on GEM and other relevant provisions, Henan Qingshuiyuan Technology Co.Ltd(300437) (hereinafter referred to as "the company") is based on the principle of prudence and is true Accurately reflect the company's asset status, financial status and operating results as of December 31, 2021, fully analyze, test and evaluate all kinds of inventory, accounts receivable, construction in progress, fixed assets, goodwill and other assets, judge that there are signs of possible impairment, and determine the asset items for which provision for impairment is required. 2. Amount of provision for impairment this time
After a comprehensive inventory and impairment test of assets with possible signs of impairment at the end of 2021, various impairment reserves of RMB 6 Tianjin Jinbin Development Co.Ltd(000897) 208 in 2021 are withdrawn, as shown in the following table:
Current amount of the project (yuan)
1. Credit impairment loss (loss expressed with "-")
Including: bad debt loss of notes receivable 774856
Bad debt loss of accounts receivable -3999152063
Bad debt loss of other receivables -317252409
Bad debt loss of long-term receivables 7313129
2. Asset impairment loss (loss expressed with "-")
Including: impairment loss of intangible assets 0.00
Goodwill impairment loss -1973039650
Current amount of the project (yuan)
Impairment loss of contract assets 280458929
2、 Specific description of the current provision for impairment
(I) credit impairment loss
Based on the expected credit loss, the company carries out impairment accounting treatment for financial assets and confirms the loss reserves. The company takes into account the past events, current situation, prediction of future economic conditions and other reasonable and reliable information, and takes the risk of default as the weight, Calculate the probability weighted amount of the present value of the difference between the cash flow receivable under the contract and the cash flow expected to be received, and confirm the expected credit loss.
It is estimated that the company has accrued credit impairment loss of -4308316487 yuan this year, including 774856 yuan of bad debt loss of notes receivable, 3999152063 yuan of bad debt loss of accounts receivable, 317252409 yuan of bad debt loss of other receivables and 7313129 yuan of bad debt loss of long-term receivables.
(II) asset impairment loss
On the balance sheet date, the company judges whether there are signs of possible impairment of assets such as long-term equity investment, fixed assets, construction in progress, engineering materials, right of use assets, intangible assets and goodwill (except inventories, deferred income tax assets and financial assets). If there are signs of impairment, the company will estimate its recoverable amount and conduct impairment test. For goodwill formed by business combination, intangible assets with uncertain service life and intangible assets that have not reached the usable state, whether there are signs of impairment or not, impairment test shall be carried out every year.
It is estimated that the company has accrued asset impairment loss of -1692580721 yuan in this year, including goodwill impairment loss of -1973039650 yuan and contract asset impairment loss of 280458929 yuan.
(III) basic information of goodwill impairment and impairment test
1. Basic information of goodwill
(1) The company held the 13th meeting of the third board of directors on April 6, 2016, and deliberated and passed the proposal on the company's plan of issuing shares and paying cash to purchase assets and raising supporting funds. The second extraordinary general meeting of shareholders in 2016 was held on April 26, 2016, and the proposal on the scheme of issuing shares, paying cash to purchase assets and raising supporting funds was considered and approved. The company implemented major asset restructuring, purchased 100% equity of synbiotic environment by issuing shares and paying cash, and raised supporting funds. According to the accounting standards for business enterprises, goodwill is recognized for the difference between the combination cost and the fair value share of identifiable net assets obtained in the combination. On the purchase date, Henan Qingshuiyuan Technology Co.Ltd(300437) will recognize the difference of 404108600 yuan between the merger cost of 494.8 million yuan paid for the purchase of 100% equity and the fair value share of 906914 million yuan of identifiable net assets in the same environment as the goodwill belonging to Henan Qingshuiyuan Technology Co.Ltd(300437) .
(2) The company held the 18th meeting of the third board of directors on November 4, 2016, which was deliberated and adopted
The proposal on purchasing 51% shares of Shaanxi ande Technology Co., Ltd. with cash; On July 12, 2017, the company held the 21st Meeting of the third board of directors, deliberated and approved the proposal on purchasing 49% shares of Shaanxi ande Technology Co., Ltd. with cash, and agreed that the company would purchase 49% shares of ande technology with its own funds, and ande technology would become a wholly-owned subsidiary of the company. According to the accounting standards for business enterprises, goodwill is recognized for the difference between the combination cost and the fair value share of identifiable net assets obtained in the combination. On the purchase date, Henan Qingshuiyuan Technology Co.Ltd(300437) recognized the difference of 472876 million yuan between the merger cost of 807024 million yuan paid for the purchase of equity and the fair value share of 334148 million yuan of identifiable net assets of ande technology as the goodwill attributable to Henan Qingshuiyuan Technology Co.Ltd(300437) and the business reputation attributable to minority shareholders as 454332 million yuan.
2. Impairment test
In accordance with the relevant provisions of the accounting standards for business enterprises and the company's accounting policies, in accordance with the principle of prudence and in combination with the actual situation, the company conducted an impairment test on the asset group related to goodwill of Henan Qingshuiyuan Technology Co.Ltd(300437) (Beijing) Investment Co., Ltd. after the test, the impairment loss of goodwill was 1539742 yuan, which was included in the company's profit and loss in 2021; At the same time, North
Jingzhong Tianhua Assets Appraisal Co., Ltd. (hereinafter referred to as "zhongtianhua") has
Other asset groups related to goodwill are valued on the date, as follows:
Asset name goodwill
Book balance (10000 yuan) 4514116
Book value (10000 yuan) 809020
Recoverable amount of assets 611716
Take the relevant operating assets of the subsidiaries forming goodwill and the apportioned goodwill as asset groups respectively, and calculate the asset groups respectively, The higher of the present value of cash flow and the net amount after the fair value minus the disposal expenses is determined as the recoverable amount of each asset group according to the calculation process of the recoverable amount of the uncollected assets of the asset group. Finally, the recoverable amount of each asset group is reduced by the book value of operating assets in the asset group to obtain the recoverable amount of goodwill
The provision for asset impairment this time is based on the accounting standards for Business Enterprises No. 8 - asset impairment
Amount of goodwill impairment withdrawn in the current period (10000 yuan) 197304
Reasons for withdrawal: provision for impairment of goodwill is withdrawn according to accounting policies
(1) Zhongtianhua valued the asset group value of ande technology, including all goodwill, and in 2022
On March 5, 2013, the Henan Qingshuiyuan Technology Co.Ltd(300437) plans to review the goodwill formed by the merger of Shaanxi ande Technology Industry Co., Ltd
The recoverable amount of the asset group involved in the impairment test - asset evaluation report (Zhongtian huazi pingbao Zi [2022] No. 10142). The book value of the goodwill included in the asset group involved in the goodwill formed by Shaanxi ande Technology Industry Co., Ltd. on December 31, 2021 is 806769 million yuan, and the present value of the estimated future cash flow of the asset group is 528937 million yuan, The net amount after the fair value minus disposal expenses is 551287 million yuan. According to the higher principle, the recoverable amount of the asset group is 551287 million yuan, and the assessed impairment is 255482 million yuan, of which 132582 million yuan is included in the profit and loss of the company in 2021.
(2) Zhongtianhua valued the value of the asset group of Tongsheng environment including all goodwill, and issued the recoverable amount of the asset group involved in the impairment test of the goodwill formed by the merger of Henan Tongsheng Environmental Engineering Co., Ltd. Henan Qingshuiyuan Technology Co.Ltd(300437) to be conducted - asset evaluation report (zhongtianhuazipingbao Zi [2022] No. 10210) on March 5, 2022, The book value of the goodwill in the asset group involved in the goodwill formed by Henan Tongsheng Environmental Engineering Co., Ltd. on December 31, 2021 contained in the appraisal report is 3764796 million yuan, the present value of the estimated future cash flow of the asset group is 3690116 million yuan, and the net amount after the fair value minus the disposal expenses is 3700228 million yuan. According to the higher principle, the recoverable value of the asset group is determined to be 3700228 million yuan, The assessed impairment is 6.4568 million yuan, which is included in the profit and loss of the company in 2021.
3、 Impact of the current provision for impairment on the company
The total provision for impairment of the company's assets in 20208 was 897272 yuan, which was included in the company's consolidated profit and loss report of 20208, resulting in a decrease of the company's total provision for impairment of 202160001 yuan. The net profit attributable to the shareholders of the listed company in the consolidated statement of the company's 2021 annual report is RMB 900573 million. The provision for asset impairment has been audited and confirmed by Grant Thornton Certified Public Accountants (special general partnership) and has been reflected in the company's 2021 annual report.
4、 Notes of the board of directors on the provision for impairment this time
Based on the principle of prudence, the company accrued various impairment reserves of RMB 6 Tianjin Jinbin Development Co.Ltd(000897) 208 in 2021, which is in line with the accounting standards for business enterprises and the relevant accounting systems of the company, can objectively, truly and fairly reflect the asset status and operating results of the company, and ensure the authenticity and reliability of the financial statements. The board of directors of the company agreed to withdraw the impairment reserves this time.
5、 Opinions of the board of supervisors on the provision for impairment this time
The board of supervisors reviewed and agreed the provision for impairment this time, and considered that the company's resolution procedure for the provision for impairment this time was legal and based on sufficient basis, in line with the relevant provisions of the accounting standards for business enterprises and the actual situation of the company's assets, and did not harm the interests of the company and minority shareholders. After the relevant impairment provision is withdrawn this time, the financial statements can more fairly reflect the financial position of the company.
6、 Independent opinions of independent directors on the provision for impairment this time
The independent directors agreed with the provision for impairment and believed that the provision for credit impairment and asset impairment of the company complied with the relevant provisions of the accounting standards for business enterprises and the accounting policies implemented by the company, reflected the principle of accounting prudence, helped to truly and reasonably reflect the status of the company's assets, and the review procedures complied with the provisions of relevant laws and regulations and the articles of association. After the company has made provision for impairment,
