Securities code: 002766 securities abbreviation: * ST soling Announcement No.: 2022-003 Shenzhen Soling Industrial Co.Ltd(002766)
Announcement on accrual of impairment loss, write off of receivables and derecognition of some deferred income tax assets
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.
Shenzhen Soling Industrial Co.Ltd(002766) (hereinafter referred to as “the company”) convened the 16th meeting of the 4th board of directors and the 10th meeting of the 4th board of supervisors on December 31, 2021, deliberated and adopted the proposal on withdrawing impairment losses, writing off receivables and terminating the recognition of some deferred income tax assets. The details are announced as follows: I. provision for asset impairment and write off of receivables (I) overview of provision for asset impairment and write off of receivables
According to the stock listing rules of Shenzhen Stock Exchange, the guidelines for the standardized operation of listed companies of Shenzhen Stock Exchange, the accounting standards for business enterprises and the relevant provisions of the company on the provision for impairment, the company and its subsidiaries have conducted a comprehensive inventory of all kinds of creditor’s rights, fully analyzed and evaluated the possibility of recovery of creditor’s rights, and the company operates in accordance with laws and regulations Based on the principle of gradual examination and approval, write off and deposit of accounts, fully withdraw bad debt reserves and write off the uncollectible creditor’s rights. Conduct a comprehensive inventory and inventory of the company’s idle fixed assets, conduct impairment test, and fully accrue asset impairment losses, so as to more truly and accurately reflect the company’s financial status and operating results. （2） Scope and amount of assets with provision for asset impairment and write off
The company’s asset items for which provision for asset impairment is withdrawn and written off this time mainly include accounts receivable, other receivables, prepayments and fixed assets.
1. Various receivables: the provision for impairment of various assets is 96742995.40 yuan; Write off accounts receivable of 155309222.72 yuan, other accounts receivable of 1334149804.93 yuan and prepayments of 2815930.36 yuan, totaling 1492274958.01 yuan. The details are as follows:
Unit: Yuan
The amount at the beginning of the year of the project is withdrawn in the current year, and the closing amount of the current year is written off. Remarks: bad debt provision 1428032260.2196742995.401492274958.013250297.60
Including: accounts receivable: 112382455.2875427065.04155309222.7232500297.60
Other receivables: 1315649804.9318500000.001334149804.93-
Prepayment: -2815930.362815930.36-
2. Fixed assets
The company has carried out a comprehensive inventory and inventory of fixed assets, and those that have been idle, obsolete, discontinued and planned to be sold are classified as assets held for sale management, and impairment test is carried out; The impairment test shall be conducted for the fixed assets that are temporarily idle and seriously underutilized, and the recoverable amount of the assets shall be confirmed through asset evaluation and market inquiry, and the impairment provision of 140852508.56 yuan shall be withdrawn. The details are as follows:
Unit: Yuan
Project company / project book value estimated recoverable amount estimated impairment loss status
Non current assets held for sale Shenzhen soling 17452683.05529073.4216923609.62 idle movable assets for sale Guangdong soling 15934760.091927941.0514006819.04 idle Huizhou precision 3768621.12282949.883485671.24 idle machinery and equipment for sale Guangdong soling 20373492.512259491.3418114001.17 insufficient utilization rate of housing and buildings Jiujiang Miaoshu 46550195.4822862900.0023687,2 95.48 lease
Houses and buildings Guangdong soling 173126826.25108491714.2564635112.00 insufficient utilization subtotal 277206578.50136354069.94140852508.56-
（3） Basis and reasons for withdrawing asset impairment reserves and writing off receivables
1. Various accounts receivable: the main reason for withdrawing and writing off this time is that the service life is long, most of them are overdue for 3 or 5 years, the debtor has been unable to contact, and the company has been urged to collect through various channels, so it is unable to obtain the other party’s confirmation and recover the money; Or the court has ruled in favor, but the debtor has no assets to enforce; Or there is no progress in the reorganization plan due to the bankruptcy of the debtor and the withdrawal of the investor. After write off, the company will record all kinds of written off creditor’s rights for future reference, so as to save the account cancellation case. At the same time, the company will retain the right to continue to pursue the written off creditor’s rights. 2. Fixed assets: according to the company’s business status and future business plan, the company has conducted a comprehensive inventory and inventory of fixed assets, and plans to sell the fixed assets that have been idle, obsolete and out of use, According to the relevant provisions of accounting standards for Business Enterprises No. 42 – non current assets held for sale, disposal group and termination of operation, it is divided into “assets held for sale” management. In combination with Article 6 of the accounting standards for Business Enterprises No. 8 – asset impairment Article 15 and other provisions: “where there are signs of impairment of an asset, its recoverable amount shall be estimated. If the recoverable amount of the asset is lower than its book value, the book value of the asset shall be written down to the recoverable amount, and the written down amount shall be included in the asset impairment loss, included in the current profit and loss, and the corresponding asset impairment provision shall be withdrawn” to withdraw the corresponding asset impairment loss. Since the present value of the expected future cash flow of the asset will not be significantly higher than the net amount of its fair value minus disposal expenses, the company regards the net amount of the fair value of the asset minus disposal expenses as the recoverable amount of the asset, and accrues the impairment loss accordingly. 2、 Derecognition of some deferred income tax assets
By the end of 2020, the deferred income tax assets of some holding subsidiaries of the company were as follows:
Unit: Yuan
Full name of the company (hereinafter referred to as deferred income tax assets)
Huizhou soling Precision Co., Ltd. (soling precision) 5576978.86
Changchun soling Technology Co., Ltd. (Changchun soling) 161880.50
Soling Xinjiang International Industry Co.Ltd(000159) Co., Ltd. (soling International) 3079143.99
Guangdong soling Electronic Technology Co., Ltd. (Guangdong soling) 69871392.58
Total 78689395.93
According to the operation of the above subsidiaries in 2021 and the company’s future business plan, soling precision and Changchun soling have stopped operation and continued to suffer losses. Soling international is expected to suffer further losses in 2021, Due to the adjustment of Guangdong soling’s future business plan and other reasons, the above subsidiaries are expected to be unable to obtain sufficient taxable income to offset the benefits of deferred income tax assets within the period specified in the future tax law. Based on the principle of prudence, the company offsets the deferred income tax assets of 78689395.93 Yuan recognized by the above subsidiaries in previous years, Meanwhile, no deferred income tax assets will be recognized for the above subsidiaries in 2021. 3、 Impact on the company’s financial position and operating results
(i) In this year, the provision for impairment of receivables is 96742995.40 yuan, and the provision for impairment of assets held for sale and other non current assets is 140852508.56 yuan. Receivables written off this time are 1492274958.01 yuan, of which 1428032260.21 yuan of impairment provision has been withdrawn in previous years. To sum up, the accrued impairment and write off assets decreased by 237595503.96 yuan in 2021.
（2） The derecognition of deferred income tax assets will reduce the net profit of 2021 by 78689395.93 yuan.
（3） This impairment provision is the result of preliminary calculation by the company’s financial department, and the specific amount of impairment provision shall be subject to the audit of accountants.
4、 Explanation of the board of directors on the rationality of the provision for asset impairment this time
The company’s provision for asset impairment and write off of assets this time follow and comply with the accounting standards for business enterprises, guidelines for standardized operation of listed companies of Shenzhen Stock Exchange and relevant accounting policies of the company. It is made based on the principle of prudence after impairment test according to the actual situation of relevant assets. The basis for provision for asset impairment and write off of assets is sufficient and fair, Relevant data truly reflect the company’s asset status, making the company’s accounting information about asset value more authentic, reliable and reasonable. 5、 Opinions of the board of supervisors
The company’s provision for asset impairment and write off of assets in accordance with the accounting standards for business enterprises and relevant regulations are in line with the actual situation of the company and can fairly reflect the asset status of the company. The decision-making procedures of the board of directors on this matter are legal and compliant, and agree with the resolution of the board of directors to withdraw impairment losses, write off receivables and terminate the recognition of some deferred income tax assets. 6、 Opinions of independent directors
The provision of impairment losses, write off of receivables and derecognition of some deferred income tax assets of the company this time comply with the accounting standards for business enterprises and relevant accounting policies of the company, reflect the principle of accounting prudence, and can objectively and fairly reflect the financial status and operating results of the company on a full and reasonable basis, The company’s provision for asset impairment, write off of asset impairment losses, write off of receivables and derecognition of some deferred income tax assets are in line with the overall interests of the company, and there is no damage to the interests of the company and all shareholders, especially minority shareholders. Therefore, we agree with the company to withdraw impairment losses, write off receivables and terminate the recognition of some deferred income tax assets. 7、 Documents for future reference
1. Resolution of Shenzhen Soling Industrial Co.Ltd(002766) the 16th meeting of the 4th board of directors;
2. Resolutions of the Shenzhen Soling Industrial Co.Ltd(002766) 10th meeting of the 4th board of supervisors;
3. Independent opinions of Shenzhen Soling Industrial Co.Ltd(002766) independent directors on accrual of impairment loss, write off of receivables and derecognition of some deferred income tax assets.
Shenzhen Soling Industrial Co.Ltd(002766) board of directors January 4, 2022
