Securities code: Shandong Humon Smelting Co.Ltd(002237) securities abbreviation: Shandong Humon Smelting Co.Ltd(002237) Announcement No.: 2022018 Shandong Humon Smelting Co.Ltd(002237)
Announcement on the provision for asset impairment in the second half of 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.
Shandong Humon Smelting Co.Ltd(002237) (hereinafter referred to as "the company") held the 13th meeting of the 9th board of directors and the 10th meeting of the 9th board of supervisors on March 21, 2022, deliberated and adopted the proposal on the provision for asset impairment in the second half of 2021. The relevant contents are hereby announced as follows:
1、 Overview of provision for asset impairment
(I) reasons for withdrawing asset impairment provision this time
In accordance with the requirements of accounting standards for business enterprises, self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 1 - standardized operation of listed companies on the main board and other relevant provisions, in order to objectively and fairly reflect the financial status, asset value and operating results of Shandong Humon Smelting Co.Ltd(002237) (hereinafter referred to as "the company") and its subsidiaries in 2021, the company conducted impairment test on all assets with signs of impairment within the consolidation scope and calculated the recoverable amount, According to the impairment test results, the impairment provision shall be made for the assets whose recoverable amount is lower than the book value. On December 31, 2021, the company made a total impairment of 19650890485 yuan for various assets. The details are as follows: (II) asset scope and total amount of asset impairment provision
After the company has conducted a comprehensive inventory and asset impairment test on the assets with signs of impairment within the scope of the consolidated statements as of December 31, 2021, on the basis of the provision for inventory depreciation from January to June 2021 (for details, see the announcement on the provision for asset impairment in the half year of 2021 (Announcement No.: 2021049) disclosed by the company on August 19, 2021), The provision for impairment of various assets accrued from July to December 2021 is 57 Guangdong Huatie Tongda High-Speed Railway Equipment Corporation(000976) 59 yuan in total, and the included reporting period is from July 1, 2021 to December 31, 2021. The details are as follows:
Unit: RMB
The impairment standard of the project is withdrawn in half a year. The impairment standard is withdrawn from July to December, and the impairment standard is withdrawn in the whole year
Reserve amount reserve amount
1、 Credit impairment loss: 5463978479
Including: bad debt loss of accounts receivable -95205322 -23968314 -119173636
Bad debt loss of other accounts receivable Acrobiosystems Co.Ltd(301080) 315659461211960541526
2、 Asset impairment loss 13744917833506460476218809522595
Including: inventory falling price loss 232592993950646047627390534701
Impairment loss of fixed assets 3580978343 - 3580978343
Impairment loss of intangible assets 7838009551 - 7838009551
Total 1395079282657 Guangdong Huatie Tongda High-Speed Railway Equipment Corporation(000976) 5919650890485
Note: the difference between the "credit impairment loss" in the above table and the "provision for credit impairment" in the following table is mainly due to the exchange rate translation difference of foreign currency statements, and the difference is listed under the owner's equity item and other comprehensive income in the balance sheet.
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 accounts receivable and bad debt loss of other accounts receivable. Provision for impairment shall be made on the balance sheet date in accordance with relevant accounting policies of the company.
1. Bad debt reserves withdrawn, recovered or reversed from accounts receivable
Unit: RMB
2021.6.30 change amount of the current period 202112.31 category balance withdrawal or reversal of write off balance
Provision for bad debts of 267883236 is made individually
Provision for bad debts 14133295522372307118960648 withdrawn by portfolio
Total 40921619122372307386843884
2. Bad debt reserves withdrawn, recovered or reversed for other receivables
Unit: RMB
2021.6.30 remaining amount of current period changes 202112.31 remaining category amount withdrawn or reversed write off amount
Bad debt reserves of 1866706420, 1199212 and 1867905632 are withdrawn individually
Bad debt reserves of 1543691725661980269 519.542205620040 are withdrawn according to the combination
Total 3410398145663179481 519.544073525672
(II) provision for asset impairment
1. Provision for falling price of inventories
According to the accounting policies of the company, inventories are measured at the lower of cost and net realizable value on the balance sheet date.
On the balance sheet date, the impairment test shall be conducted for each detailed category of inventory. If the inventory cost is higher than the net realizable value, the inventory falling price reserves shall be accrued and included in the current profit and loss. The net realizable value of goods in stock is determined by the amount of the estimated selling price of the inventory minus the estimated selling expenses and relevant taxes, and the net realizable value of raw materials for continuous processing is determined by the amount of the estimated selling price of finished products minus the estimated costs to be incurred at the time of completion, the estimated selling expenses and relevant taxes. The market price of the finished products produced by the company can be inquired in the open market (Shanghai gold exchange, Changjiang nonferrous metals network, futures contract price, etc.).
Unit: RMB
Item 2021.6.30 balance increase amount in the current period decrease amount in the current period 202112.31 balance provision other reversal write off
Raw materials 4 Bceg Environmental Remediation Co.Ltd(300958) 47539763044 Bceg Environmental Remediation Co.Ltd(300958) 4753976304
Goods in stock 507673532837497174479746526167851800159
In process product 560911011560911011
Total 51197449125064604762 0.00 0.0010176622009166687474
3、 Impact of the provision for asset impairment on the company
To sum up, the provision for asset impairment is 57 Guangdong Huatie Tongda High-Speed Railway Equipment Corporation(000976) 59 yuan, reducing the net profit from July to December 2021 by 57 Guangdong Huatie Tongda High-Speed Railway Equipment Corporation(000976) 59 yuan.
The provision for asset impairment complies with the relevant provisions of the accounting standards for business enterprises and the company's internal control system, follows the principles of prudence and rationality, conforms to the actual situation of the company, and can more truly and accurately reflect the financial status, asset value and operating results of the company as of December 31, 2021. The provision for asset impairment has not been audited by an accounting firm. Investors are reminded to pay attention to investment risks.
4、 Explanation of the board of directors on the rationality of the provision for asset impairment this time
The board of Directors believes that the company's provision for impairment this time complies with and complies with the provisions of the accounting standards for business enterprises and relevant accounting policies of the company, reflects the principle of prudence in accounting treatment, has sufficient basis for provision, fairly reflects the asset status and operation of the company as of July 1, 2021 to December 31, 2021, and helps to provide reliable accounting information for investors.
5、 Independent opinions of the independent board of directors on the provision for asset impairment this time
The company's provision for asset impairment this time has sufficient basis, legal procedures, and complies with the provisions of the accounting standards for business enterprises and the company's accounting policies, which can truly and accurately reflect the company's asset status. The provision for asset impairment this time is in line with the overall interests of the company, and there is no situation that damages the interests of the company and all shareholders, especially minority shareholders. Therefore, we agree that the company will withdraw the provision for asset impairment this time.
6、 Opinions of the board of supervisors
The board of supervisors believes that the company's provision for asset impairment this time is in line with the medium and long-term interests of the company and all shareholders, the provisions of relevant laws and regulations and accounting standards for business enterprises, and the decision-making procedures of the board of directors are also in line with relevant laws, regulations and the articles of association.
7、 Documents for future reference
1. Resolutions of the 13th meeting of the ninth board of directors;
2. Resolutions of the 10th meeting of the 9th board of supervisors;
3. Independent opinions of independent directors on matters related to the 13th meeting of the ninth board of directors;
4. Notes of the board of directors on matters related to the 13th meeting of the ninth board of directors.
It is hereby announced.
Shandong Humon Smelting Co.Ltd(002237)
Board of directors
March 22, 2022
