Securities code: Dalian Demaishi Precision Technology Co.Ltd(301007) securities abbreviation: Dalian Demaishi Precision Technology Co.Ltd(301007) Announcement No.: 2022011 Dalian Demaishi Precision Technology Co.Ltd(301007)
Announcement on changes in accounting policies
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.
Important note: this change in accounting policy is a corresponding change made by Dalian Demaishi Precision Technology Co.Ltd(301007) (hereinafter referred to as "the company") in accordance with the relevant accounting standards for business enterprises revised by the Ministry of finance of the people's Republic of China (hereinafter referred to as "the Ministry of finance"), which does not involve retroactive adjustment of previous years and will not have a significant impact on the company's financial status, operating results and cash flow.
According to the relevant provisions of the guidelines for self discipline supervision of listed companies of Shenzhen Stock Exchange No. 2 - standardized operation of companies listed on the gem, the change of accounting policies of the company this time belongs to the change of accounting policies required by laws, administrative regulations or national unified accounting system, and the matter does not need to be submitted to the board of directors and the general meeting of shareholders for deliberation. 1、 Overview of changes in accounting policies
(I) reasons for change
On December 7, 2018, the Ministry of Finance issued the notice on revising and Issuing the accounting standards for Business Enterprises No. 21 - leasing (CK [2018] No. 35) (hereinafter referred to as the "new leasing standards"), Enterprises that are required to be listed both at home and abroad and enterprises that are listed overseas and adopt international financial reporting standards or accounting standards for business enterprises to prepare financial statements shall be implemented as of January 1, 2019. Other enterprises that implement the accounting standards for business enterprises shall be implemented as of January 1, 2021. According to the time requirements for the implementation of the above new leasing standards, the company needs to change its accounting policies accordingly.
(II) date of change
According to the requirements of the Ministry of finance, the company will implement the newly revised "new leasing standards" from January 1, 2021. (III) accounting policies adopted by the company before and after the change
Before this change, the company implemented the accounting standards for business enterprises - basic standards, various specific accounting standards, application guidelines of accounting standards for business enterprises, interpretation announcement of accounting standards for business enterprises and other relevant provisions revised and issued by the Ministry of finance. After this accounting policy change, the company will implement the new leasing standards. Other unchanged parts shall still be implemented in accordance with the accounting standards for business enterprises - basic standards, various specific accounting standards, the application guide of accounting standards for business enterprises, the interpretation announcement of accounting standards for business enterprises and other relevant provisions issued by the Ministry of Finance in the early stage.
(IV) accounting policies adopted after change
The company will implement the new leasing standards revised and issued by the Ministry of Finance in 2018. Other unchanged parts shall still be implemented in accordance with the accounting standards for business enterprises - basic standards, various specific accounting standards, the application guide of accounting standards for business enterprises, the interpretation announcement of accounting standards for business enterprises and other relevant provisions issued by the Ministry of finance.
2、 Description of accounting policies changed this time
The main contents of the new lease standards implemented this time are as follows:
(1) Under the new lease standards, except for short-term leases and low value asset leases, the lessee will no longer distinguish between financial leases and operating leases. All leases will adopt the same accounting treatment, and the right to use assets and lease liabilities must be recognized;
(2) For the right to use assets, if the lessee can reasonably confirm that it obtains the ownership of the leased assets at the expiration of the lease term, it shall accrue depreciation within the remaining life of the leased assets. If it is impossible to reasonably determine that the ownership of the leased asset can be obtained at the expiration of the lease term, depreciation shall be accrued within the shorter of the lease term and the remaining life of the leased asset. At the same time, the lessee shall determine whether the right of use assets are impaired and account for the identified impairment losses;
(3) For lease liabilities, the lessee shall calculate the interest expenses of the lease liabilities in each period of the lease term and record them into the current profits and losses;
(4) For short-term leases and low value asset leases, the lessee may choose not to recognize the right of use assets and lease liabilities, and include them in the relevant asset costs or current profits and losses according to the straight-line method or other systematic and reasonable methods in each period of the lease term.
(5) According to the new leasing standards, the company recognizes the right to use assets and lease liabilities for all leased assets (except short-term leases and low value asset leases that choose simplified treatment) from January 1, 2021, and recognizes depreciation and unrecognized financing expenses respectively, without adjusting the information of comparable periods.
3、 Impact of this accounting policy change on the company
According to the convergence provisions of the new lease standards, the company chooses to adjust the amount of retained earnings and other relevant items in the financial statements at the beginning of the year when the new lease standards are first implemented according to the cumulative impact of the first implementation of the new lease standards. The information of the comparable period is not adjusted, which will not have a significant impact on the company's financial position, operating results and cash flow. This accounting policy change is a reasonable change made by the company in accordance with the requirements of relevant standards of the Ministry of finance, which complies with relevant regulations. The implementation of the changed accounting policy can objectively and fairly reflect the company's financial status and operating results, will not have a significant impact on the company's financial statements, and will not damage the interests of the company and shareholders.
It is hereby announced.
Dalian Demaishi Precision Technology Co.Ltd(301007) board of directors March 16, 2022
