Securities code: Harbin Dongan Auto Engine Co.Ltd(600178) stock abbreviation: Harbin Dongan Auto Engine Co.Ltd(600178) No.: pro 2022018 Harbin Dongan Auto Engine Co.Ltd(600178)
Announcement on the provision for asset impairment
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 individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Harbin Dongan Auto Engine Co.Ltd(600178) the fifth session of the eighth board of directors deliberated and approved the proposal on the company’s provision for impairment, and the relevant information is announced as follows:
According to the accounting standards for business enterprises and the company’s accounting policies, the company conducted an impairment test on the assets at the end of the period. According to the test results, a total of 14.18 million yuan of credit impairment loss was reversed and 113.26 million yuan of asset impairment loss was withdrawn. The details are as follows:
1、 Recognition of impairment provision:
(I) accounts receivable – bad debt provision reversed: 13.86 million yuan
In 2021, the company’s balance of bad debt provision for accounts receivable was 275.81 million yuan, a decrease of 13.86 million yuan compared with the same period last year, including 14.18 million yuan of reversed amount of accounts receivable and other receivables calculated by aging analysis method and 320000 yuan of bad debt provision for prepayments.
(II) inventory – the provision for falling price is 43.34 million yuan.
In 2021, the company made a total of 43.34 million yuan of inventory falling price reserves. The accrued amount is recognized and measured according to the lower of cost and net realizable value. It is mainly because 4AT and 13T / 15t models have been discontinued, and the subsequent vehicle manufacturers cannot consume the overstocked materials. The net realizable value is zero, and the impairment is accrued in full. (III) contract assets – provision for impairment is 2.25 million yuan.
In 2021, according to the new income standard, the company determined that the contract assets were 45 million yuan and the impairment provision was 2.25 million yuan according to the aging method.
(IV) intangible assets – the provision for impairment is 67.35 million yuan.
In 2021, the company made a provision for impairment of intangible assets of 67.35 million yuan, mainly because the 4g15tgdi technology and the old D model car factory have been switched, and there is no market demand in the follow-up, which can not bring benefits, so the impairment is made in full.
2、 Confirm the impact of asset impairment provision on the company’s financial position and operating results
The reversal of credit impairment losses and accrued asset impairment losses in the current period are all included in the current profit and loss, reducing the profit of the current year by 99.08 million yuan.
3、 Opinions of the Audit Committee on the company’s provision for asset impairment
The Audit Committee believes that the company’s provision for asset impairment is based on the actual situation of assets and in accordance with relevant provisions such as accounting policies, which can fairly reflect the company’s financial situation and operating results.
4、 Review opinions of the board of supervisors on the company’s provision for asset impairment
The board of supervisors held that: the fifth session of the eighth board of directors of the company made provision for impairment of relevant assets, and the resolution procedure was legal and in line with the provisions of the articles of Association; The provision for impairment of assets is made in accordance with the relevant provisions of accounting policies, which truly reflects the value of assets and agrees with the relevant proposals of the board of directors. 5、 Documents for future reference
1. Resolution of the 5th session of the 8th board of directors of the company
2. Resolution of the 4th session of the 8th board of supervisors of the company
3. Resolution of the audit committee of the second session of the 8th board of directors of the company
The provision for asset impairment shall be submitted to the 2021 annual general meeting of the company for deliberation and approval before implementation.
It is hereby announced.
Harbin Dongan Auto Engine Co.Ltd(600178) board of directors March 15, 2022
