Securities code: Foshan Nationstar Optoelectronics Co.Ltd(002449) securities abbreviation: Foshan Nationstar Optoelectronics Co.Ltd(002449) Announcement No.: 2022016
Foshan Nationstar Optoelectronics Co.Ltd(002449)
Announcement on the provision for asset impairment and write off of assets 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.
Foshan Nationstar Optoelectronics Co.Ltd(002449) (hereinafter referred to as “the company” or ” Foshan Nationstar Optoelectronics Co.Ltd(002449) “) on 2022
On March 22, 2003, the 17th meeting of the 5th board of directors and the 14th meeting of the 5th board of supervisors were held, and the proposal on the provision for asset impairment and write off of assets in 2021 was considered and adopted.
In order to more truly and accurately reflect the assets and operating conditions of the company as of December 31, 2021,
According to the accounting standards for business enterprises, the company’s accounting policies and other relevant provisions, the company has conducted a comprehensive inventory and impairment test of various assets within the consolidation scope as of December 31, 2021, and fully analyzed and evaluated the recoverable amount of assets. Based on the principle of prudence, the company has made provision for impairment of assets with signs of impairment, and written off some uncollectible receivables, long-term equity investment and inventory with quality problems. The details are hereby announced as follows:
1、 Summary of provision for asset impairment and asset write off this time
1. The asset items for which provision for asset impairment is made this time mainly include notes receivable, accounts receivable and others
For receivables, inventories and fixed assets, the provision for impairment of various assets from January to December 2021 totaled 68.32 million
Yuan. See the following table for details:
Provision for impairment of assets (10000 yuan)
Bad debt provision for notes receivable – 64
Bad debt provision for accounts receivable – 80
Bad debt provision for other receivables 540
Inventory falling price reserves 6396
Including: normal inventory 4424
Other inventories 1972
Provision for impairment of fixed assets 40
Subtotal 6832
2. The asset items written off this time mainly include accounts receivable, other receivables, inventory, long-term equity investment and fixed assets. The total amount written off in 2021 is 143.6 million yuan. See the following table for details:
Write off amount of asset write off items (10000 yuan)
Accounts receivable 127
Other receivables 514
Inventory 517
Long term equity investment 9375
Fixed assets 27
Guarantee payment of subsidiary (yaweilang Technology) 3800
Subtotal 14360
2、 The recognition basis, reason and specific amount of the provision for asset impairment and asset write off
(I) description of the write off of bad debt reserves of notes receivable, accounts receivable and other receivables
1. Provision for bad debt reserves of notes receivable, accounts receivable and other receivables: the company recognizes bad debt reserves of notes receivable, accounts receivable and other receivables on the basis of expected credit loss, combines them according to similar credit risk characteristics (aging), and determines the expected credit loss rate based on all reasonable and based information, including forward-looking information. According to the above bad debt provision policy, the company made provision for impairment of notes receivable, accounts receivable and other receivables totaling 3.96 million yuan in 2021.
2. Write off of accounts receivable and other receivables: in 2021, the company wrote off 1.27 million yuan and 5.14 million yuan of accounts receivable and other receivables (yaweilang Technology) that have actually incurred losses due to repeated collection of cancelled or long-term accounts of the debtor without results. After verification, the company still reserves relevant legal rights for the written off accounts receivable and other receivables.
(II) description of the write off of inventory falling price reserves
1. Provision for inventory falling price: the company’s inventory is measured according to the lower of cost and net realizable value. The net realizable value is the amount after the estimated selling price of inventory minus the estimated cost to be incurred at the time of completion, estimated selling expenses and relevant taxes in the normal production process. In 2021, the company accrued 63.96 million yuan of inventory falling price reserves, including 19.72 million yuan of inventory falling price reserves for other inventories reclassified as other current assets.
2. Inventory write off: according to the accounting standards for business enterprises and the relevant accounting policies of the company, in order to truly reflect the financial status and asset value of the company, the write off amount is 5.17 million yuan with the approval of the company.
(III) description of the write off of the provision for impairment of fixed assets
1. Provision for impairment of fixed assets: if there is any indication of impairment of fixed assets on the balance sheet date, the corresponding impairment provision shall be made according to the difference between the book value and the recoverable amount.
During the reporting period, the company made a provision of 400000 yuan for impairment of fixed assets according to the recognition standard and withdrawal method of impairment loss of fixed assets. 2. Write off of fixed assets: in 2021, the company wrote off 270000 yuan of fixed assets that have been scrapped and sold for disposal.
(IV) description of the write off of long-term equity investment and guarantee funds
In 2015, the company acquired and increased the equity investment of yaweilang technology, with an initial investment cost of 76.5 million yuan and a shareholding ratio of 62.5%; In 2016, the capital was increased by 17.25 million yuan, the investment increased to 93.75 million yuan, and the shareholding ratio changed to 64.85%. In view of the completion of industrial and commercial cancellation procedures, the company wrote off 93.75 million yuan of long-term equity investment in yaweilang technology and 38 million yuan of guarantee liability for yaweilang technology.
3、 The impact of the provision for asset impairment and write off of assets on the company
The provision for asset impairment and write off of assets this time comply with the accounting standards for business enterprises and relevant policies and regulations, comply with the actual situation of the company’s assets, can fairly reflect the company’s asset status, and ensure the authenticity and reliability of accounting information. The provision for asset impairment and asset write off business accrued from January to December 2021 reduced the company’s operating profit of 68.32 million yuan in 2021.
4、 Explanation of the board of directors on the rationality of the provision for asset impairment and write off of assets
The board of Directors believes that the provision for impairment and write off of assets of the company this time comply with and comply with the provisions of the accounting standards for business enterprises and relevant accounting policies of the company, reflect the principle of prudence in accounting treatment, and fully and fairly reflect the asset status and operation of the company as of December 31, 2021.
It is hereby announced.
Foshan Nationstar Optoelectronics Co.Ltd(002449) board of directors
March 24, 2022
