Stock Code: Jiangsu Azure Corporation(002245) stock abbreviation: Jiangsu Azure Corporation(002245) No.: 2022020 Jiangsu Azure Corporation(002245)
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.
Jiangsu Azure Corporation(002245) (hereinafter referred to as “the company”) deliberated and adopted the proposal on the provision for credit impairment and asset impairment in 2021 at the 25th meeting of the Fifth Board of directors held on March 19, 2022. Now, in accordance with the relevant provisions of the stock listing rules of Shenzhen Stock Exchange and the self regulatory guide for listed companies of Shenzhen Stock Exchange No. 1 – business handling, The specific contents of this event are announced as follows:
1、 Summary of changes in the provision for asset impairment this time
1. Reasons for the provision for asset impairment this time
In accordance with the requirements of the accounting standards for business enterprises and the stock listing rules of Shenzhen Stock Exchange and other relevant regulations, in order to truly and accurately reflect the company’s financial status, asset value and operating results of 2021 as of December 31, 2021, the company has conducted a comprehensive inspection and impairment test on various assets within the consolidation scope. According to the test results, based on the principle of prudence, The company shall make provision for asset impairment for assets that may have impairment losses.
2. The asset scope, total amount and reporting period of the current provision for asset impairment
In order to truly reflect the company’s financial situation and asset value, in accordance with the accounting standards for business enterprises and relevant provisions of the company’s accounting policies, the company has checked, analyzed and evaluated all kinds of assets within the scope of the consolidated statements as of December 31, 2021. After the asset impairment test, the company has accrued impairment reserves for some assets that may have asset impairment losses. The details are as follows:
Amount of provision for impairment of the project (yuan)
1、 Credit impairment loss 1488896508
Including: bad debt loss 1488896508
Guarantee compensation reserve-
Loan loss-
2、 Asset impairment loss 3200595715
Including: inventory falling price loss 3200595715
Impairment loss of fixed assets-
Total 4689492223
[note]: for the impairment items in the above table, the description is as follows:
1. According to the relevant provisions of the accounting standards for Business Enterprises No. 22 – recognition and measurement of financial instruments, in order to more reasonably reflect the future expected credit loss of notes receivable and provide investors with more reliable and accurate accounting information, combined with the current situation and the prediction of future economic conditions, the company reviewed the expected credit loss of notes receivable and adjusted the expected credit loss rate classified as commercial acceptance bills, To more objectively and fairly reflect the company’s financial situation and operating results. The change of accounting estimate increased the provision of credit impairment loss by 146626 million yuan.
2. During the reporting period, 281105 million yuan of inventory falling price reserves accrued in the previous year was reversed due to the use of inventory.
The reporting period of changes in the provision for credit impairment and the provision for asset impairment is from January 1, 2021 to December 31, 2021.
3. Approval procedure
The changes mentioned in the provision for asset impairment have been deliberated and adopted at the 25th meeting of the 5th board of directors and the 21st Meeting of the 5th board of supervisors. The independent directors expressed independent opinions on the matter and agreed to withdraw the provision for asset impairment this time.
According to relevant regulations, this matter does not need to be submitted to the general meeting of shareholders for deliberation.
2、 Impact of the provision for asset impairment on the company
In 2021, the total profit of the company decreased by 468949 million yuan due to the changes in the provision for credit impairment and the provision for asset impairment; Considering the inventory falling price reserves reversed in the current period of 281105 million yuan, the total profit of the company was actually reduced by 187824 million yuan.
3、 Explanation of the board of directors on the rationality of the change in the provision for asset impairment
The board of Directors believes that the changes mentioned in the provision for asset impairment this time comply with and comply with the accounting standards for business enterprises and the actual situation of the company. The changes mentioned in the provision for asset impairment this time are based on the principle of prudence, fully based and fairly reflect the financial status, asset value and operating results of the company as of December 31, 2021, so as to make the accounting information about asset value of the company more authentic, reliable and reasonable.
4、 Independent opinions of independent directors on changes in impairment provision
The company’s changes in the provision for impairment of assets this time adopt sound accounting principles, the basis is sufficient and reasonable, the decision-making procedures are legal and compliant, comply with the accounting standards for business enterprises and relevant rules and systems, and can objectively and fairly reflect the public interest
The company’s financial status, asset value and operating results as of December 31, 2021, and the changes in the provision for credit impairment and the provision for asset impairment are in line with the actual situation of the company, and there is no damage to the interests of the company and all shareholders, especially minority shareholders.
Therefore, we unanimously agree that the company’s credit impairment provision and asset impairment provision in 2021 refer to changes.
5、 Opinions of the board of supervisors
The board of supervisors of the company believes that the changes mentioned in the provision for credit and asset impairment are based on the actual situation and the principle of prudence, in line with the relevant provisions of the accounting standards for business enterprises and the actual situation of the company’s assets, and can more fairly reflect the company’s financial situation, asset value and operating results. The board of supervisors agreed to this matter.
6、 Documents for future reference
1. Resolutions of the 25th meeting of the 5th board of directors of the company;
2. Resolutions of the 21st Meeting of the 5th board of supervisors of the company;
3. Independent opinions expressed by independent directors of the company.
It is hereby announced.
Jiangsu Azure Corporation(002245) board of directors March 22, 2002
