Securities code: Shanghai Huayi Group Corporation Limited(600623) 900909 stock abbreviation: Shanghai Huayi Group Corporation Limited(600623) Huayi B share No.: 2022012 Shanghai Huayi Group Corporation Limited(600623)
Announcement on the provision for asset impairment
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 Shanghai Huayi Group Corporation Limited(600623) (hereinafter referred to as “the company”) held the 17th meeting of the 10th board of directors on March 25, 2022, deliberated and adopted the proposal on withdrawing the provision for asset impairment in 2021. The relevant matters are hereby announced as follows:
1、 Provision for impairment of assets
According to the accounting standards for business enterprises and relevant accounting policies implemented by the company, through the impairment test of relevant assets, the company accrued 23586906461 yuan of inventory depreciation reserves, 15263308712 yuan of fixed assets depreciation reserves, 6551860000 yuan of goodwill depreciation reserves and 1930974040 yuan of receivables (including loans and accounts receivable) depreciation reserves in 2021.
2、 The impact of the provision for asset impairment on the company’s financial position
The provision for impairment of the above assets withdrawn this time is reduced accordingly, and the total profit of the company in the reporting period is 47333049213 yuan.
3、 Notes of the board of directors on the provision for asset impairment
The board of Directors believes that the provision for asset impairment this time complies with the relevant provisions of the accounting standards for business enterprises and the relevant accounting policies implemented by the company. The provision for asset impairment this time is based on the principle of prudence and reflects the financial status and operating results of the company fairly and objectively.
4、 Independent opinions of independent directors on the provision for asset impairment
The independent directors believe that the provision for asset impairment this time complies with the accounting standards for business enterprises and the relevant accounting policies implemented by the company, and the voting procedures of the board of directors on this matter comply with the provisions of relevant laws, regulations and the articles of association of the company, without damaging the interests of the company and small and medium-sized shareholders. Agree to the proposal on the provision for asset impairment in 2021 considered by the 17th meeting of the 10th board of directors of the company.
5、 Review opinions of the board of supervisors on the provision for asset impairment
The board of supervisors held that the provision for asset impairment this time is in line with the accounting standards for business enterprises and the relevant accounting policies implemented by the company, in line with the actual situation of the company, and can fairly and objectively reflect the asset status and profitability of the company after the provision. The board of directors reviewed the legal compliance of the decision-making procedure for the provision for asset impairment this time. The board of supervisors agreed to withdraw the provision for asset impairment this time.
It is hereby announced
Shanghai Huayi Group Corporation Limited(600623) board of directors
March 29, 2002
