Securities code: Guangdonghectechnologyholdingco.Ltd(600673) securities abbreviation: Guangdonghectechnologyholdingco.Ltd(600673) No.: Lin 202236 bond Code: 163049 bond abbreviation: 19 dongke 02
Guangdonghectechnologyholdingco.Ltd(600673)
Announcement on changes in accounting policies
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents. Important content tips:
● this accounting policy change is based on the question and answer on the implementation of accounting standards for business enterprises issued by the accounting department of the Ministry of finance of the people’s Republic of China (hereinafter referred to as “the Ministry of finance”) on November 1, 2021, and makes appropriate changes and adjustments to the company’s accounting policies, accounting and presentation of relevant accounting subjects.
● this accounting policy change has no significant impact on the company’s financial position, operating results and cash flow. 1、 Overview of changes in accounting policies
1. Date of accounting policy change
The company will prepare the 2021 financial statements and subsequent financial statements in accordance with the requirements for question and answer on the implementation of accounting standards for business enterprises issued by the accounting department of the Ministry of Finance on November 1, 2021.
2. Reasons for changes in accounting policies
On November 1, 2021, the accounting department of the Ministry of Finance issued a question and answer on the implementation of the accounting standards for Business Enterprises No. 14 – revenue, point out “Under normal circumstances, the transportation activities before the control of the enterprise’s goods or services is transferred to the customer and in order to perform the customer’s contract do not constitute a single performance obligation. The relevant transportation costs shall be regarded as the contract performance costs, amortized on the same basis as the recognition of the revenue of goods or services, and included in the current profits and losses. The contract performance costs shall be carried forward and included in the ‘main business costs’ or’ other costs’ when the revenue of goods or services is recognized “Business cost” and listed in the “operating cost” item of the income statement.
According to the above implementation answers of relevant standards, the company will prepare the financial statements of 2021 and subsequent periods in accordance with the requirements of question and answer on the implementation of accounting standards for business enterprises issued by the accounting department of the Ministry of Finance on November 1, 2021.
3. Accounting policies adopted by the company before change
Before the change of accounting policy, the company implemented the accounting standards for business enterprises – basic standards, various specific accounting standards, application guide of accounting standards for business enterprises, interpretation of accounting standards for business enterprises and other relevant provisions issued by the Ministry of finance.
4. Accounting policies adopted after change
After this accounting policy change, the company will implement the above question and answer on the implementation of accounting standards for business enterprises issued by the accounting department of the Ministry of Finance on November 1, 2021. In addition to the above changes in accounting policies, the remaining unchanged parts are still in accordance with the accounting standards for business enterprises – basic standards, various specific accounting standards, application guidelines of accounting standards for business enterprises, interpretation of accounting standards for business enterprises and other relevant provisions issued by the Ministry of finance.
On March 25, 2022, the company held the 15th meeting of the 11th board of directors and the 10th meeting of the 11th board of supervisors, which respectively deliberated and adopted the proposal on changes in accounting policies. The independent directors of the company expressed independent opinions on this. This accounting policy change does not need to be submitted to the general meeting of shareholders for deliberation and approval.
2、 Specific contents of this accounting policy change
According to the question and answer on the implementation of accounting standards for business enterprises issued by the accounting department of the Ministry of Finance on November 1, 2021, for the transportation costs incurred before the control of goods is transferred to customers and for the performance of sales contracts, all the sales expenses are reclassified to operating costs.
3、 Impact of this accounting policy change on the company
This change of accounting policy will affect the items of “operating cost” and “sales expense” in the company’s income statement, but will not affect the company’s “operating revenue” and “operating profit”. The data of comparable periods will be adjusted according to the same caliber. The affected items and amounts are listed as follows:
Unit: yuan currency: RMB
2020 consolidated income statement
project
After adjustment, the adjustment amount is adjusted.
Operating cost 70315715391520180514625723337668540
Selling expenses 141894226342 – 20180514625121713711717
This accounting policy change has no significant impact on the company’s financial situation, operating results and cash flow, and there is no situation that damages the interests of the company and all shareholders, especially the majority of minority shareholders.
4、 Opinions of independent directors and board of supervisors
The independent directors believe that the change of the company’s accounting policy is based on the question and answer on the implementation of accounting standards for business enterprises issued by the accounting department of the Ministry of Finance on November 1, 2021. The changed accounting policies comply with the relevant provisions of the Ministry of finance, China Securities Regulatory Commission and Shanghai Stock Exchange, and can objectively and fairly reflect the financial status and operating results of the company. The decision-making procedures for the change of accounting policies comply with the provisions of relevant laws and regulations and the articles of association, and there is no damage to the interests of shareholders, especially small and medium-sized shareholders. Agree to the change of the company’s accounting policy.
The board of supervisors believes that the change of accounting policies is the appropriate change and adjustment of the company’s accounting policies, accounting and presentation of relevant accounting subjects in accordance with the question and answer on the implementation of accounting standards for business enterprises issued by the accounting department of the Ministry of finance of the people’s Republic of China on November 1, 2021. The implementation of this accounting policy change can objectively and fairly reflect the company’s financial situation and operating results; Relevant decision-making procedures comply with relevant laws and regulations, the articles of association and other provisions, and there is no damage to the interests of the company and shareholders.
5、 Documents for future reference
(I) resolutions of the 15th meeting of the 11th board of directors of the company;
(II) resolutions of the 10th meeting of the 11th board of supervisors of the company;
(III) independent opinions of independent directors on relevant proposals.
It is hereby announced.
Guangdonghectechnologyholdingco.Ltd(600673) March 26, 2022
