Company code: Beijing Oriental Jicheng Co.Ltd(002819) company abbreviation: Beijing Oriental Jicheng Co.Ltd(002819) Beijing Oriental Jicheng Co.Ltd(002819)
2021 goodwill impairment test report
1、 Whether to conduct impairment test √ yes □ No 2. Whether to obtain the evaluation report for the purpose of financial report in the impairment test √ yes □ no
Asset group name appraisal institution appraiser appraisal report no. appraisal value type appraisal result
On the benchmark date of 2021, Beijing wanlihong Technology Co., Ltd, Beijing Co., Ltd. on the appraisal benchmark Beijing Tianjian Xingye assets Tianxing pingbao Zi (2022) Recoverable amount the recoverable amount of the goodwill related assets appraisal Co., Ltd. Xu linkuo Liu Minhui No. 0472 company’s goodwill assets group on the benchmark date of the appraisal group shall not be less than
1856 million yuan.
3、 Are there any signs of impairment
Whether the asset group name has impairment trace remarks whether to withdraw impairment remarks impairment basis remarks
as
Beijing wanlihong Technology Co., Ltd
There is no sign of impairment in the assessment of the limited company. If there is no impairment, it is not applicable
Goodwill related asset group IV. allocation of goodwill on the base date
Unit: Yuan
Asset group name asset group or asset group asset group or asset group asset group or asset group goodwill allocation method to allocate the original value of goodwill
Determination method of composition of contract book amount of contract
When Beijing wanlihong technology has a basis for M & A, Beijing
Based on the composition ratio of the asset group of wanlihong Technology Co., Ltd
Goodwill related assets operating long-term assets the identifiable operating long-term assets of the company are 34047414576 cases, and 49676140122 groups of long-term assets are allocated to determine the assets
group
Whether the determination method of asset group or asset group combination is different from that of previous years □ yes √ no
5、 Goodwill impairment test process 1. Important assumptions and reasons
(I) general assumptions:
1. Transaction assumption: assuming that all assets to be appraised are already in the process of transaction, the appraiser will conduct valuation according to the simulated market such as the transaction conditions of the assets to be appraised.
2. Open market hypothesis: the open market hypothesis is an assumption about the conditions of the market in which the assets are to enter and the impact of the assets under such market conditions. The open market refers to the fully developed and perfect market conditions. It refers to a competitive market with voluntary buyers and sellers. In this market, buyers and sellers have equal status and have the opportunity and time to obtain sufficient market information. The transactions between buyers and sellers are carried out under voluntary, rational, non mandatory or unrestricted conditions.
3. Assumption of continuous use: the assumption of continuous use is an assumption of the conditions under which the assets are to enter the market and the asset status of the assets under such market conditions. Firstly, the appraised assets are in use. Secondly, it is assumed that the assets in use will continue to be used. Under the assumption of continuous use, the conversion of asset use or the best utilization conditions are not considered, and the scope of use of the evaluation results is limited.
4. Assumption of continuous operation of asset group: it refers to the assessment assumption made by taking the sum of the assets of the enterprise where the asset group related to goodwill is located as the assessment object. That is, the enterprise where the goodwill related asset group is located, as the business entity, will continue to operate in accordance with the business objectives under the external environment. The business operator of the enterprise where the asset group related to goodwill is located is responsible and capable of taking responsibility; The enterprise where the asset group related to goodwill is located operates legally and can obtain appropriate profits to maintain the ability of sustainable operation.
(II) special assumptions:
There is no significant change in the current relevant national laws, regulations and policies and the national macroeconomic situation; There is no significant change in the political, economic and social environment of the region where the parties to the transaction are located; There is no significant adverse impact caused by other unpredictable and force majeure factors.
It is assumed that the operator of the enterprise is responsible and stable, and the management of the enterprise is capable of assuming its position.
Unless otherwise stated, it is assumed that the enterprise fully complies with all relevant laws and regulations.
It is assumed that the accounting policies to be adopted by the enterprise in the future are basically consistent with those adopted when preparing this report in important aspects.
It is assumed that the business scope and mode of the enterprise are consistent with the current direction on the basis of the existing management mode and management level.
There will be no major changes in interest rates, exchange rates, tax bases and tax rates, and policy fees.
There are no other force majeure and unforeseen factors that have a significant adverse impact on the enterprise.
It is assumed that the product market competition of the enterprise can maintain the current situation after the benchmark date.
It is assumed that the pricing mechanism and business strategy of the existing income and cost of the enterprise will maintain the existing model and continue to operate.
It is assumed that the contract execution price pricing mechanism of the enterprise’s existing business maintains the existing model.
Assume that the R & D capability and advanced technology of enterprises should be maintained at the present level.
Assuming that all business-related qualifications can successfully pass the approval of relevant departments after the expiration of the validity period, the industry qualification will remain valid. It is assumed that after the lease of wanlihong office and business premises expires, it can continue to obtain the lease at a reasonable price in the future operation period. It is assumed that the enterprise’s judgment on the future market and its related benefits and costs are in line with the trend of market competition.
It is assumed that the industry environment in which the enterprise is located maintains the current development trend.
It is assumed that the basic information and financial information provided by the appraised unit are true, accurate and complete.
The appraisal scope is only subject to the appraisal declaration form provided by wanlihong, and the contingent assets and contingent liabilities that may exist outside the list provided by wanlihong are not considered.
The influence of inflation factors is not taken into account in the values of various parameters calculated in this appraisal. The value standards in the estimation are the price standards and value system in effect on the benchmark date of the appraisal.
Wanlihong’s main customers are government departments. Due to government budget arrangements and other factors, the company’s cash inflow is basically concentrated in the fourth quarter. Therefore, it is assumed that the enterprise’s predicted annual cash flow is generated at the end of the period.
It is assumed that wanlihong will continue to meet the announcement of the State Administration of Taxation on Issuing the revised Measures for handling preferential policies for enterprise income tax (Announcement No. 23 of the State Administration of Taxation in 2018) The notice of the Ministry of finance, the State Administration of Taxation, the development and Reform Commission and the Ministry of industry and information technology on issues related to the preferential tax policies for enterprise income tax in software and integrated circuit industry (CS [2016] No. 49) involves the preferential policy of levying enterprise income tax at a reduced tax rate of 10% for key software enterprises within the national planning layout. This assessment assumes that the enterprise can continue to enjoy the preferential income tax rate from 2022 to 2025, and adopt the preferential tax rate of 15% for its high-tech enterprises in 2026 and beyond.
Tianjin wanlihong has obtained the certificate of high-tech enterprise since December 1, 2020, which is valid for three years, so it enjoys the preferential policy of 15% income tax rate. It is assumed that the enterprise can continue to pass the certification after the expiration of the high-tech enterprise certificate and continue to enjoy the preferential income tax rate.
The qualification certificate of classified information system integration (business type: system integration / software development) obtained by Wan Lihong on April 29, 2019 is valid until April 28, 2022 and the qualification certificate of classified information system integration (business type: operation and maintenance) obtained by Wan Lihong on June 25, 2019 is valid until June 24, 2022. This appraisal assumes that the enterprise can continue to obtain the above qualification certificate after the expiration of the validity period.
According to the requirements of using the income method to evaluate the enterprise, the appraisers determine that these assumptions are valid on the benchmark date, and infer the corresponding evaluation conclusion according to these assumptions. If the future economic environment changes greatly or other assumptions are not tenable, the evaluation results will change greatly.
The appraisal conclusion of the present value of the estimated future cash flow in the appraisal report is valid on the appraisal base date under the above assumptions. When the above assumptions change greatly, the signing asset appraiser and the appraisal institution will not bear the responsibility of deriving different appraisal conclusions due to the change of assumptions. 2. Book value of overall asset group or asset group combination
Unit: Yuan
Asset groups belonging to shareholders of the parent company or asset groups belonging to minority shareholders, asset groups containing goodwill, book value of goodwill, book value of goodwill, book value of all goodwill and book value of other assets or combination of asset groups
Beijing wanlihong Technology Co., Ltd
The company’s goodwill related asset group on the benchmark of 4967614012213740527326634166674483404741457697464082025
3. Recoverable amount (1) net amount of fair value minus disposal expenses □ applicable √ not applicable (2) present value of estimated future net cash flow √ applicable □ not applicable
Unit: Yuan
Asset group name forecast period business forecast period profit forecast period net stable period business stable period profit stable period net expected future said forecast period business income profit increase rate profit stable period business income profit increase rate profit discount rate cash net flow long rate long rate present value of long rate quantity
Beijing wanlihong Technology Co., Ltd
Limited to 16.4% ~ 18.5% in 20222027 and
Appraisal benchmark – 2026 4% ~ 36% 0% 1740708, later 0 16.9% 40615588 13.62% 1856000, daily goodwill 154.66 5.13 000.00
Related asset group
Increase in operating income in the forecast period
