Securities code: Hubei Shuanghuan Science And Technology Stock Co.Ltd(000707) securities abbreviation: ST Shuanghuan Announcement No.: 2022021
Hubei Shuanghuan Science And Technology Stock Co.Ltd(000707)
Announcement on write off of some receivables
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.
Hubei Shuanghuan Science And Technology Stock Co.Ltd(000707) (hereinafter referred to as "the company") was held on March 8, 2022
At the 8th meeting of the 10th board of directors and the 5th meeting of the 10th board of supervisors, the proposal on writing off part of receivables was considered and adopted.
In order to further strengthen the company's asset management, prevent financial risks, fairly reflect the company's assets, financial status and operating results, and make the accounting information more authentic and reliable, according to the relevant provisions of the accounting standards for business enterprises and the company's financial management system, combined with the actual situation of the company, the company has checked all kinds of assets and plans to write off relevant assets. The details are as follows:
1、 Overview of write off
In order to truly reflect the financial situation of the enterprise and clean up the accounts receivable in time, the company plans to
As of December 31, 2013, the total amount was 68.206 million yuan (including 559628 million yuan of accounts receivable and other accounts receivable)
(RMB 122378 million) has been written off, and all bad debts have been withdrawn. Several debtors were involved, mainly those left over from the acquisition of Hubei Shuanghuan Chemical Group Co., Ltd. (the controlling shareholder of the company) by Hubei Yihua Chemical Industry Co.Ltd(000422) Group Co., Ltd. (the indirect controlling shareholder of the company) in 2006. Due to factors such as long aging and cancellation of the customer unit, many clearing receipts in previous years could not be recovered, and the limitation of action had been exceeded, Write off the accounts receivable and other receivables that are really unrecoverable.
The company hired Hubei chengtuo law firm to issue a legal opinion on the write off matters, suggesting the write off of the above receivables.
(I) write off of accounts receivable
The accounts receivable written off this time involve 262 units, with a total write off amount of 559628 million yuan,
The details are as follows:
Sn aging time unit write off amount remarks
(10000 yuan)
More than 12 years 247512722 1 203 units have been cancelled or revoked, with an amount of 429937 million yuan;
2 10-11 years 14 250.28 2 There are 57 existing units with an amount of 9.8998 million yuan (due to the long span of time and exceeding the limitation of action, it is impossible to verify the settlement);
3.8 years 1 218.78 3 2 single companies, with an amount of 3069300 yuan (no executable property in litigation or bankruptcy liquidation);
Total 262559628
(II) write off of other receivables
Other receivables written off this time involve 25 companies, with a total write off amount of 122378 million yuan,
The details are as follows:
Sequence aging time unit write off amount remarks
No. (10000 yuan)
1 more than 12 years 22 450.19 1 16 units have been cancelled or revoked, with an amount of 3.7893 million
Yuan;
2. There are 8 existing units with an amount of 7500300 yuan (due to the cross period time)
2 8-12 years (377359 long, beyond the limitation of action, unable to verify the collection);
3. One single item, with an amount of 7.6982 million yuan (no cancellation lawsuit of the company)
Executable property)
Total 25122378
2、 The impact of the current write off of accounts receivable on the company
The total amount of receivables and other receivables written off by the company this time is 682006 million yuan
Most of the receivables and other receivables written off this time are receivables with an aging of more than 10 years, and the asset impairment loss has been fully accrued in the previous year. Therefore, this asset write off has no impact on the company's net profit and net assets of the current year. The write off of accounts receivable meets the requirements of the accounting standards for business enterprises and relevant policies. After write off, it can more fairly reflect the asset status of the company, meet the requirements of the actual situation and accounting policies of the company, and there is no damage to the interests of the company and shareholders.
After write off, the company will establish a memo book for written off receivables and other receivables, and retain the data that may be used for recovery in the future, which will not affect the collection of creditor's rights.
3、 Approval procedures for this write off
(I) deliberations of the board of directors
On March 8, 2022, the company held the 8th meeting of the 10th board of directors, deliberated and adopted the proposal on writing off part of receivables (9 votes in favor, 0 votes against and 0 abstention).
(II) opinions of the board of supervisors
The board of supervisors believes that the write off of receivables and other receivables meets the requirements of the accounting standards for business enterprises and relevant policies, conforms to the actual situation of the company, and can more fairly reflect the financial status and operating results of the company. The receivables and other receivables written off this time have been fully provided for impairment. The write off will not affect the current profit and loss. The decision-making procedures of the board of directors of the company on this matter are legal and compliant. Agree to the company's current write off of receivables and other receivables.
(III) independent opinions of independent directors
The company's current write off of accounts receivable and other receivables is to truly reflect the financial situation of the enterprise, with sufficient basis for write off, in line with the relevant provisions of the accounting standards for business enterprises and the actual situation of the company.
The receivables and other receivables to be written off this time do not harm the interests of the company and shareholders, especially minority shareholders. The review procedures comply with relevant laws and regulations and the articles of association. We unanimously agree on the write off of receivables and other receivables this time.
(IV) according to the articles of association, this matter needs to be submitted to the general meeting of shareholders for deliberation.
Hubei Shuanghuan Science And Technology Stock Co.Ltd(000707) board of directors March 10, 2022
