Securities code: 301127 securities abbreviation: Tianyuan environmental protection Announcement No.: 2022024 Wuhan Tianyuan environmental protection Co., Ltd
Announcement on the provision for credit and 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.
According to the relevant provisions of the Shenzhen Stock Exchange GEM Listing Rules, Wuhan Tianyuan environmental protection Co., Ltd. (hereinafter referred to as "the company") in accordance with the accounting standards for business enterprises and the relevant accounting policies of the company, in order to truly and accurately reflect the company's annual financial situation, asset value and operating results in 2021, The company and its subsidiaries conduct a comprehensive inventory and impairment test of various assets. Based on the principle of prudence, credit and asset impairment reserves are accrued for relevant assets that may have credit and asset impairment losses within the scope of the consolidated statements as of December 31, 2021. The specific matters are hereby announced as follows:
1、 Overview of provision for impairment this time
1. Reasons for withdrawing impairment provision this time
In accordance with the accounting standards for business enterprises, the Listing Rules of Shenzhen Stock Exchange gem and other relevant provisions, in order to truly and accurately reflect the company's financial status, asset value and operating results, the company has conducted a comprehensive inspection and impairment test on various assets within the scope of the consolidated statements as of December 31, 2021. Based on the principle of prudence, The company accrues corresponding impairment reserves for assets that may suffer impairment losses.
2. The asset scope, total amount and the reporting period to be included in the current provision for impairment
After the company and its subsidiaries conducted a comprehensive inventory and asset impairment test of assets with possible signs of impairment as of December 31, 2021, the provision for impairment totaled -3031605836 yuan, which was included in the reporting period from January 1, 2021 to December 31, 2021. The details are as follows:
Unit: RMB
Amount of provision for impairment of the project
1、 Credit impairment loss -2175023938
Including: bad debt loss of accounts receivable -1568747053
Bad debt loss of other receivables -606276885
2、 Asset impairment loss -856581898
Including: impairment loss of contract assets -829367874
Impairment loss of other non current assets -27214024
Total -3031605836
2、 Specific description of the current provision for impairment
(I) provision for credit impairment
The provision for credit impairment this time mainly includes bad debt loss of notes receivable, bad debt loss of accounts receivable and bad debt loss of other accounts receivable. On the balance sheet date, if the impairment is indicated according to the relevant accounting policies and accounting estimates of the company, the company shall withdraw the impairment provision according to the regulations.
The company refers to the historical credit loss experience, combines the current situation and the prediction of future economic conditions, and calculates the expected credit loss through the default risk exposure and the expected credit loss rate throughout the duration.
1. Bad debt reserves withdrawn, recovered or reversed from accounts receivable
Unit: RMB
Current change amount
Category: withdrawal and recovery of opening balance or write off of other closing balance reversal
Accrued by portfolio
26871965831568747053 -99652540 -177232794138567817 accounts receivable of current credit loss, including: aging group
26871965831568747053 -99652540 -177232794138567817
Total 26871965831568747053 -99652540 -177232794138567817
2. Bad debt reserves withdrawn, recovered or reversed for other receivables
Unit: RMB
Current change amount
Category: withdrawal and recovery of opening balance or write off of other closing balance reversal
Accrued by portfolio
6142541366062768851220531021 other receivables of current credit loss
Including: aging group
6142541366062768851220531021
Total 6142541366062768851220531021
(II) provision for asset impairment
On the balance sheet date, after a comprehensive inventory of inventories, the company shall withdraw or adjust the inventory falling price reserves according to the lower of the cost and net realizable value of inventories.
At the end of the period, the inventory falling price reserves are accrued according to a single inventory item; However, for the inventory with large quantity and low unit price, the inventory falling price reserves shall be withdrawn according to the inventory category; If the inventories are related to the product series produced and sold in the same region, have the same or similar end use or purpose, and are difficult to be measured separately from other items, the inventory falling price reserves shall be accrued jointly.
If the factors affecting the previous write down of inventory value have disappeared, the amount of write down shall be restored and reversed within the amount of inventory falling price reserve originally withdrawn, and the reversed amount shall be included in the current profit and loss.
1. Provision for impairment of contract assets
Unit: RMB
The opening balance of the project is increased in the current period and decreased in the current period. The ending balance is withdrawn and other reversed or written off
Warranty deposit 96220573 -590388490316689
Completed but not completed
Settlement project 105854032834241691940095723
Waste leachate treatment fund 3221235610 Petpal Pet Nutrition Technology Co.Ltd(300673) 3242423
Total 2342869618293678741063654835
2. Provision for impairment of other non current assets
Unit: RMB
Increase in current period decrease in current period
Reversal of opening balance of the project or withdrawal of closing balance
Warranty deposit 208902952721402448104319
Completed
Unsettled project funds
Total: 217213912721402448935415
3、 Impact of the current provision for impairment on the company
The provision for credit and asset impairment of the company this time complies with the provisions of the accounting standards for business enterprises and relevant policies of the company, and truly and objectively reflects the actual situation of the company's assets. This provision correspondingly reduces the total annual profit of the company in 2021 by 3031605836 yuan, the net profit attributable to the shareholders of the listed company by 2 Yiwu Huading Nylon Co.Ltd(601113) 102 yuan and the owner's equity attributable to the shareholders of the listed company by 2 Yiwu Huading Nylon Co.Ltd(601113) 102 yuan.
It is hereby announced.
Board of directors of Wuhan Tianyuan environmental protection Co., Ltd
March 16, 2022
