Securities code: Shenzhen Topband Co.Ltd(002139) securities abbreviation: Shenzhen Topband Co.Ltd(002139) Announcement No.: 2022025 Shenzhen Topband Co.Ltd(002139)
Announcement on the provision for 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.
Shenzhen Topband Co.Ltd(002139) (hereinafter referred to as "the company") held the 21st Meeting of the 7th board of directors at 14:30 p.m. on March 18, 2022, and deliberated and adopted the proposal on withdrawing provision for asset impairment in 2021. The relevant contents are hereby announced as follows:
1、 Brief description of asset impairment withdrawn this time
In accordance with the requirements of the accounting standards for business enterprises and the guidelines for self regulation and supervision of listed companies of Shenzhen Stock Exchange No. 1 - standardized operation of listed companies on the main board, in order to more truly, accurately and objectively reflect the company's financial status, asset value and operating results, based on the principle of prudence, the company has conducted a comprehensive inspection and impairment test on all kinds of assets of the company according to the requirements of relevant policies, And withdraw corresponding impairment reserves for relevant assets within the scope of the company's consolidated statements as of December 31, 2021.
The company's asset items for which the provision for asset impairment is made this time are mainly receivables, inventories, etc. the provision for asset impairment is about 185588900 yuan, accounting for 32.85% of the company's latest audited net profit attributable to shareholders of listed companies of 564964300 yuan in 2021, as follows:
Accrued amount of the project in 2021 (10000 yuan)
1、 Provision for asset impairment
Inventory falling price reserves 999953
2、 Provision for credit impairment
Including: accounts receivable and accounts receivable financing 819577
Other receivables 347.83
Notes receivable 15.76
Total 1855889
The deliberation procedure of the provision for asset impairment this time the provision for asset impairment has been deliberated and approved at the 21st Meeting of the seventh board of directors and the 17th meeting of the seventh board of supervisors of the company, and does not need to be submitted to the general meeting of shareholders for deliberation. The audit committee of the company explained the reasonableness of the matter, and the independent directors expressed independent opinions on the matter and agreed to withdraw the provision for asset impairment this time.
2、 The recognition standard and withdrawal method of the provision for asset impairment this time
(I) provision for inventory falling price reserves
The inventory of the company is measured at the lower of cost and net realizable value, and the inventory falling price reserves are withdrawn according to the difference between the cost of a single inventory and the net realizable value. For the inventories of finished products, goods in stock, materials for sale and other goods directly for sale, the company shall determine the net realizable value by deducting the estimated selling expenses and relevant taxes from the estimated selling price of the inventory in the normal process of production and operation; For the inventory of materials that need to be processed, in the normal production and operation process, the net realizable value is determined by the estimated selling price of the finished products minus the estimated cost to be incurred at the time of completion, estimated selling expenses and relevant taxes; The net realizable value of the inventory held for the execution of the sales contract is calculated on the basis of the contract price. If the quantity of the inventory held is more than the quantity ordered in the sales contract, the net realizable value of the excess inventory is calculated on the basis of the general sales price. At the end of the period, the company accrues inventory falling price reserves 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; For inventories that have the same or similar end use or purpose and are difficult to be measured separately from other items, the provision for inventory falling price shall be accrued jointly.
By the end of December 2021, for inventories with signs of impairment such as raw materials, products in process and inventory commodities, the provision for inventory falling price of RMB 999953 million was withdrawn in 2021.
(II) provision for bad debt reserves
The company estimates the expected credit loss of financial assets individually or in combination by considering all reasonable and based information, including forward-looking information. If the credit risk of a financial instrument has increased significantly since its initial recognition, the company measures its loss reserves according to the amount equivalent to the expected credit loss of the financial instrument throughout its lifetime; If the credit risk of a financial instrument does not increase significantly after initial recognition, the company measures its loss reserves according to the amount equivalent to the expected credit loss of the financial instrument in the next 12 months. If there is objective evidence indicating that a financial asset has been impaired, the company shall make provision for impairment of the financial asset on a single basis. For accounts receivable, regardless of whether it contains major financing components or not, the company always measures its loss reserves according to the amount equivalent to the expected credit loss in the whole duration.
According to the expected loss rate, the company calculated and withdrawn 157600 yuan of bad debt provision for notes receivable, 3478300 yuan of bad debt provision for other receivables, and 819577 million yuan of bad debt provision for accounts receivable and accounts receivable financing. The details of accounts receivable and financing bad debts of accounts receivable are as follows:
Accrued amount of the project in 2021 (10000 yuan)
692331 with significant single amount and single provision for bad debts
- 210.50 for insignificant single amount but single provision for bad debts
148300 of bad debt provision withdrawn according to aging combination
Total 819577
3、 The impact of the current provision for asset impairment on the company
As of December 31, 2021, the accumulated provision for credit impairment and asset impairment of the company in 2021 totaled 185588900 yuan, which will reduce the total profit of the company in 2021 by 185588900 yuan. The provision for asset impairment of the company has been audited by an accounting firm.
3、 Statement of the audit committee of the board of directors on the reasonableness of the provision for asset impairment
The company's provision for asset impairment this time complies with the accounting standards for business enterprises, the guidelines for self discipline and supervision of listed companies of Shenzhen Stock Exchange No. 1 - standardized operation of listed companies on the main board, and the relevant provisions of accounting policies and accounting estimates. Based on the principle of prudence, the company makes provision for asset impairment for assets that may suffer from asset impairment losses, and the provision for asset impairment fairly reflects the company's financial status Asset value and operating results make the company's accounting information more reasonable. Therefore, the company agrees to withdraw the provision for asset impairment this time.
5、 Independent opinions of independent directors on the provision for asset impairment this time
The provision for asset impairment this time follows the principle of prudence, complies with the relevant provisions of the accounting standards for business enterprises and the actual situation of the company's assets, truly reflects the company's financial situation, has sufficient basis, does not damage the interests of the company and shareholders, especially small and medium-sized shareholders, and the review procedures comply with the provisions of relevant laws and regulations and the articles of association. After the provision for asset impairment is withdrawn this time, the company's financial statements can objectively and fairly reflect the company's asset status and operating results. Therefore, we unanimously agree on the provision for asset impairment of the company this time.
6、 Explanation of the board of supervisors on whether the provision for asset impairment is in line with the accounting standards for business enterprises
The company's provision for asset impairment this time complies with the relevant provisions of the accounting standards for business enterprises and the company's relevant accounting systems, the actual situation of the company's assets and operation, and the review procedures are legal, compliant and based on sufficient basis. The provision for asset impairment can fairly reflect the company's asset status and operating results. Agree to the provision for asset impairment this time.
7、 Documents for future reference
1. Resolutions of the 21st Meeting of the 7th board of directors;
2. Resolutions of the 17th meeting of the 7th board of supervisors;
3. Independent opinions of independent directors on relevant matters.
It is hereby announced.
Shenzhen Topband Co.Ltd(002139) board of directors March 22, 2022
