Securities code: Shanghai Sk Automation Technology Co.Ltd(688155) securities abbreviation: Shanghai Sk Automation Technology Co.Ltd(688155) Announcement No.: 2022020 Shanghai Sk Automation Technology Co.Ltd(688155)
Supplementary announcement on changes in accounting estimates
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear legal responsibility for the authenticity, accuracy and integrity of its contents according to law.
Shanghai Sk Automation Technology Co.Ltd(688155) (hereinafter referred to as “the company”) was posted on the website of Shanghai Stock Exchange (www.see. Com.) on March 12, 2022 The announcement of Shanghai Sk Automation Technology Co.Ltd(688155) on changes in accounting estimates (Announcement No.: 2022019) has been disclosed, and the following supplementary explanations are made on the above announcement:
1、 Reasons for this accounting estimate change
The company carries out business cooperation with customers on the premise of strictly controlling the credit risk of accounts receivable. For the credit risk of financial assets, the company divides the receivables into several combinations according to the characteristics of credit risk, and calculates the expected credit loss on the basis of the combination. The company includes the customers of the whole vehicle factory with low credit risk (enterprises controlled by SAIC, FAW, BAIC, Volkswagen, Mercedes Benz or BMW) in the accounts receivable Portfolio 1, and other customers in the accounts receivable portfolio 2. Now, with the development of the company’s business, the company’s customer structure is constantly optimized Contemporary Amperex Technology Co.Limited(300750) is a leading enterprise in the new energy industry, with good payment collection over the years and low credit risk, which meets the standard that the company is included in customer accounts receivable Portfolio 1. In order to more objectively and fairly reflect the company’s financial situation and operating results, match the company’s business development and management mode, and provide investors with more reliable and accurate accounting information, this accounting estimate change is made in accordance with the relevant provisions of the accounting standards for business enterprises and in combination with the actual situation of the expected credit risk of the company’s receivables.
2、 Changes in accounting estimates
The company plans to adjust the accounts receivable of Contemporary Amperex Technology Co.Limited(300750) from customer accounts receivable portfolio 2 to customer accounts receivable Portfolio 1 with low credit risk.
The basis for determining the aging portfolio and the recognition method for measuring the expected credit loss of the company have not changed. The expected credit loss rate recognized by the company based on the aging portfolio is:
Aging customer accounts receivable Portfolio 1 customer accounts receivable portfolio 2
Within 1 year 4.00% 6.00%
1-2 years 8.00% 12.00%
2-3 years 30.00% 40.00%
More than 3 years 100.00% 100.00%
3、 Impact of this accounting estimate change on the company
According to the relevant provisions of the accounting standards for Business Enterprises No. 28 – changes in accounting policies, accounting estimates and error correction, the company adopts the future applicable method for this change in accounting estimates, does not need to make retroactive adjustment to the disclosed financial reports, and will not have an impact on the disclosed audited financial statements of the company, nor will it have an impact on the future financial situation of the company Significant impact on operating results and cash flow.
The balance of Contemporary Amperex Technology Co.Limited(300750) receivables (including contract assets) of the company as of December 31, 2021 is RMB 395 million. Based on the above balance and structure, this accounting estimate change is expected to increase the total pre tax profit of the company in 2022 by about RMB 8.0492 million, which will not have a significant adverse impact on the operating performance of the company. (the above data has not been audited, and the final impact shall be subject to the audit report of 2022).
It is hereby announced.
Shanghai Sk Automation Technology Co.Ltd(688155) board of directors March 12, 2022
