Securities code: Innuovo Technology Co.Ltd(000795) securities abbreviation: Innuovo Technology Co.Ltd(000795) Announcement No.: 2022013 Innuovo Technology Co.Ltd(000795)
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, misleading statements or major omissions.
Innuovo Technology Co.Ltd(000795) (hereinafter referred to as "the company") held the fourth meeting of the ninth board of directors and the third meeting of the ninth board of supervisors on March 10, 2022, and deliberated and adopted the company's proposal on withdrawing provision for asset impairment in 2021. The details of the company's provision for asset impairment are hereby announced as follows:
1、 Overview of provision for asset impairment
(I) reasons for withdrawing provision for asset impairment
In accordance with the accounting standards for business enterprises, the Listing Rules of Shenzhen Stock Exchange and the company's accounting policies and other relevant systems, in order to truly reflect the company's financial status, asset value and operating results as of December 31, 2021, a comprehensive inventory and impairment test of various assets of the company and its subsidiaries are carried out, It is considered that some assets have certain signs of impairment. Based on the principle of prudence, the company has accrued corresponding impairment reserves for relevant assets within the scope of consolidated statements as of December 31, 2021.
(II) basic information of the provision for credit impairment and asset impairment this time
After the company and its subsidiaries have conducted a comprehensive inventory and impairment test on the assets that may have signs of impairment at the end of 2021, including notes receivable, accounts receivable, inventory, fixed assets, intangible assets and long-term equity investment, it is proposed to withdraw various credit depreciation and asset impairment reserves in 2021, resulting in a total impairment loss of 339728 million yuan; According to the operation and financial status of the subsidiary Zhejiang Innuovo Technology Co.Ltd(000795) Equipment Manufacturing Co., Ltd., the parent company accrued a long-term equity investment impairment provision of RMB 903318 million for the equity of the subsidiary in 2021.
The details of impairment losses in the consolidated statements are as follows:
Amount: 10000 yuan
The proportion of the impairment withdrawn in the current period and recognized in the current period in the audited amount of the project in the net profit attributable to the parent company in 2020
1、 Credit impairment loss 139655 374.42102213 10.01%
Including: bad debts of accounts receivable 123696 85.43115154 11.28%
Bad debts of other receivables 158.85 288.99 - 130.14 - 1.27%
Impairment of commercial acceptance bill 0.74 0.74 0.01%
2、 Asset impairment loss 282835 453.20237515 23.26%
Including: inventory falling price reserves 174434 453.20129114 12.64%
Provision for impairment of fixed assets 108401 10.62%
Total 422490 827.62339728 33.27%
2、 Details of the provision for asset impairment this time
(I) credit impairment loss
According to the relevant provisions of the accounting standards for business enterprises and accounting policies, based on the credit risk characteristics of accounts receivable and other accounts receivable, the company conducts impairment test separately for notes receivable, accounts receivable, other accounts receivable, accounts receivable financing and long-term accounts receivable with objective evidence indicating impairment, and recognizes the expected credit loss, Individual impairment reserves are accrued. For notes receivable, accounts receivable, other receivables and receivables financing without objective evidence of impairment, or when the information of expected credit loss cannot be evaluated at a reasonable cost for a single financial asset, the company divides notes receivable, accounts receivable, other receivables and receivables financing into several combinations according to the characteristics of credit risk, Calculate the expected credit loss on the basis of portfolio. With reference to the experience and changes of historical credit losses, combined with the current situation and the prediction of future economic conditions, the expected credit losses are estimated. In 2021, the company and its subsidiaries accrued bad debt provision for accounts receivable of 123696 million yuan, reversed 854300 yuan, accrued bad debt provision for other accounts receivable of 1.5885 million yuan, reversed 2.8899 million yuan, accrued impairment of commercial acceptance bill of 7400 yuan, and recognized credit impairment loss of 102213 million yuan in total.
(II) asset impairment loss
1. Inventory falling price loss
According to the relevant provisions of the accounting standards for business enterprises and accounting policies, the company has checked and analyzed the inventory and plans to withdraw the impairment provision for the inventory that may be impaired. The net realizable value of the inventory is calculated based on the amount of the estimated selling price of the inventory minus the estimated cost to be incurred at the time of completion, the estimated selling expenses and relevant taxes, and the inventory falling price reserves are accrued according to the difference between the book cost of the inventory and the net realizable value. If the influencing factors of the previous write down of the inventory value have disappeared, the written down amount shall be restored, It shall be reversed from the amount of inventory falling price reserves that have been withdrawn, and the reversed amount shall be included in the current profit and loss. In 2021, the company's subsidiaries accrued inventory falling price reserves of 174434 yuan, reversed 4.532 million yuan, and recognized asset impairment loss - inventory falling price loss of 129114 million yuan.
2. Impairment of fixed assets
According to the relevant provisions of the accounting standards for business enterprises and accounting policies, the company checks and tests the fixed assets to check whether there is any sign of possible impairment. When there is any sign of impairment, the company shall conduct an impairment test to confirm its recoverable amount, and withdraw the impairment provision according to the part of the recoverable amount lower than the book value. Once the impairment loss is recognized, It will not be reversed in future accounting periods.
In 2021, the company's subsidiaries made a provision for impairment of fixed assets of 108401 million yuan and recognized asset impairment loss - impairment loss of fixed assets of 108401 million yuan.
The company recognized a total asset impairment loss of 339728 million yuan in 2021.
3. According to the relevant provisions of the accounting standards for business enterprises and accounting policies, the parent company of the company, based on the operation and financial status of the subsidiary Zhejiang Innuovo Technology Co.Ltd(000795) Equipment Manufacturing Co., Ltd., and calculated according to the share of net assets enjoyed by the parent company in the subsidiary, made an impairment provision of 903318 million yuan for the long-term equity investment, which was offset when preparing the consolidated statements, It does not affect the profit and loss of consolidated statements.
3、 The impact of the current provision for asset impairment on the company
In 2021, the company and its subsidiaries recognized 102213 million yuan of credit impairment loss and 237515 million yuan of asset impairment loss, totaling 339728 million yuan. After considering the impact of income tax, the net profit attributable to shareholders of Listed Companies in 2021 decreased by 251342 million yuan and the owner's equity attributable to shareholders of listed companies decreased by 251342 million yuan.
4、 Statement of the audit committee of the board of directors on the reasonableness of the provision for asset impairment
The company's provision for asset impairment this time complies with and complies with the provisions of the accounting standards for business enterprises and relevant accounting policies of the company. It is made based on the actual situation of relevant assets and the principle of prudence after impairment test. The basis for the provision for asset impairment is sufficient. After the provision for asset impairment is made, the company's 2021 financial statements can more fairly reflect the company's financial status, asset value and operating results as of December 31, 2021, making the company's accounting information more reasonable. We agree to submit the company's proposal on the provision for asset impairment in 2021 to the board of directors for deliberation.
5、 Opinions of independent directors
The company's provision for asset impairment this time follows the principle of prudence, the basis is sufficient and reasonable, complies with the provisions of the accounting standards for business enterprises and relevant systems of the company, and has performed the necessary approval procedures. The voting procedures are legal and effective. After the provision for asset impairment is made this time, the company's 2021 financial statements can more objectively and fairly reflect the company's financial situation, asset value and operating results, help to provide investors with more authentic, reliable and accurate accounting information, and there is no damage to the interests of the company and shareholders, especially small and medium-sized shareholders. Therefore, we agree with the company's provision for asset impairment in 2021.
6、 Opinions of the board of supervisors
The company withdraws the provision for asset impairment in accordance with the accounting standards for business enterprises and relevant regulations, which is in line with the actual situation of the company and can more fairly reflect the asset status of the company as of December 31, 2021. The deliberation and decision-making procedures of the board of directors of the company on this proposal comply with the relevant provisions of relevant laws and regulations, and the board of supervisors agreed to the provision for asset impairment this time.
7、 Documents for future reference
1. Resolutions of the fourth meeting of the ninth board of directors of the company;
2. Resolutions of the third meeting of the ninth board of supervisors of the company;
3. Explanation of the audit committee of the board of directors on the rationality of the company's provision for asset impairment in 2021;
4. Independent opinions of the company's independent directors on matters related to the fourth meeting of the ninth board of directors;
5. Review opinions of the board of supervisors on matters related to the third meeting of the ninth board of supervisors.
It is hereby announced.
Innuovo Technology Co.Ltd(000795) board of directors March 12, 2002
