Securities code: Zhejiang Jiahua Energy Chemical Industry Co.Ltd(600273) stock abbreviation: Zhejiang Jiahua Energy Chemical Industry Co.Ltd(600273) No.: 2022014 Zhejiang Jiahua Energy Chemical Industry Co.Ltd(600273)
Announcement on scrapping of some fixed assets, provision for asset impairment and write off of bad debts of the company in 2021
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.
Zhejiang Jiahua Energy Chemical Industry Co.Ltd(600273) (hereinafter referred to as " Zhejiang Jiahua Energy Chemical Industry Co.Ltd(600273) " or "the company") the 16th meeting of the ninth board of directors deliberated and approved the proposal on the scrapping of some fixed assets, provision for asset impairment and write off of bad debts in 2021: in order to more truly, objectively and fairly reflect the asset status of the company, the company plans to scrap some fixed assets Provision for asset impairment and write off of bad debts are as follows:
1、 Overview of scrapping of some assets
The company plans to scrap some fixed assets that cannot be used normally due to safety and environmental protection rectification, technical upgrading and demolition and high failure rate.
The original book value of the company's scrapped fixed assets is 207625400 yuan, the net book value is 489911 million yuan, and the estimated scrapping loss is 298705 million yuan. The scrapped assets reduced the net profit attributable to the parent company by 259659 million yuan in 2021, accounting for 1.44% of the audited net profit attributable to the parent company in 2021.
1. Basic information of scrapping of fixed assets:
In order to further optimize the company's asset structure and improve the economic benefits of assets, combined with the requirements of the company's safety and environmental protection rectification and technological upgrading and transformation, the company has demolished some equipment with backward technology and risks of safety and environmental protection, and eliminated some production equipment that cannot be used normally due to old and high failure rate. In order to accurately reflect the actual situation of the company's fixed assets and ensure the authenticity of the assets, the company decided to scrap the above fixed assets after confirmation by relevant departments. The original book value of the assets to be scrapped is 2076254 million yuan, the net book value is 489911 million yuan, and the scrapping loss is 298705 million yuan.
The specific scrapped assets are as follows:
Original book value and net book value of the company where the scrapped assets are located estimated scrapping loss
Zhejiang Jiahua Energy Chemical Industry Co.Ltd(600273) 15,579.35 3,479.96 2,118.45
Zhejiang Zhapu Meifu wharf storage Co., Ltd. 47.56 4.76 3.92
Ningbo Heda roof energy development Co., Ltd. 55.31 42.74 11.08
Shandong Heliang New Energy Development Co., Ltd. 22.21 18.35 3.17
Zhejiang Jiahua New Material Co., Ltd. 166387 745.05 384.67
Zhejiang Jiafu New Material Technology Co., Ltd. 339423 608.25 465.75
Total 2076254489911298705
2. Impact of this asset scrapping on the company
The scrapping of the company's fixed assets is expected to reduce the total profit of the company in 2021 by 298705 million yuan and the net profit attributable to the parent company by 259659 million yuan. The disposal of the company's assets scrapping this time complies with the relevant provisions of the accounting standards for business enterprises and the actual situation of the company's assets.
2、 Summary of provision for estimated impairment
In accordance with the requirements of the accounting standards for business enterprises, the self regulatory guidelines for listed companies of Shanghai Stock Exchange No. 1 - standardized operation and other relevant provisions, and in order to more truly and accurately reflect the asset status and financial status of the company as of December 31, 2021, the company and its subsidiaries conducted a comprehensive inventory of receivables, inventories, fixed assets and other assets at the end of 2021, It also fully analyzes and evaluates the expected credit loss of financial assets with possible signs of impairment and the net realizable value of various inventories in the whole duration. On this basis, the impairment provision is made for the assets with asset impairment loss.
1. The asset scope, total amount and reporting period to be included in the provision for asset impairment
The amount of provision for impairment of various assets to be withdrawn by the company in 2021 is 2143900 yuan, which is detailed as follows:
Asset Name: proportion of various assets to be accrued in 2021 minus the audited net profit attributable to the owner of the parent value reserve amount (10000 yuan) in 2021 (%)
1、 Provision for credit impairment 345.25 0.19
Including: accounts receivable 288.43 0.16
Other receivables 56.82 0.03
2、 Provision for asset impairment -130.86 -0.07
Including: inventory falling price reserves -130.86 -0.07
Total 214.39 0.12
2. Impact of the provision for asset impairment on the company
The company needs to withdraw 2143900 yuan of provision for impairment of various assets in 2021, which will reduce the company's net profit attributable to the owner of the parent company by 2165300 yuan in 2021, and correspondingly reduce the company's owner's equity attributable to the owner of the parent company by 2165300 yuan at the end of 2021.
3、 Overview of bad debt write off
In accordance with the requirements of the accounting standards for business enterprises, the guidelines for self regulation and supervision of listed companies of Shanghai Stock Exchange No. 1 - standardized operation and other relevant provisions, and in order to more truly and accurately reflect the asset status and financial status of the company as of December 31, 2021, the company and its subsidiaries decided to clean up and write off some receivables that have no results in long-term credit and collection in the process of operation at the end of 2021.
1. Current bad debt write off
The total amount of accounts receivable to be written off by the company is 505500 yuan, and the bad debt provision has been withdrawn 505500 yuan; The total amount of other receivables to be written off is 2.514 million yuan, and the bad debt provision has been withdrawn 2.514 million yuan. The main reason is that the debtor has been unable to recover the bad debt for many times due to the high probability that the company has been unable to recover the bad debt after being contacted and confirmed for many times. Therefore, the above amounts shall be written off, but the company will still reserve the right to continue to recover the above receivables.
2. Impact of bad debt write off on the company
The total amount of receivables written off by the company this time is 3.069 million yuan, and the provision for bad debts has been withdrawn 3.069 million yuan. The write off of the above bad debts this time has no impact on the profit of the company this year.
4、 The impact of asset scrapping, accrued estimated liabilities and bad debt write off on the company
The disposal of partial asset scrapping will reduce the net profit attributable to the parent company by 259659 million yuan; The provision for impairment will reduce the net profit attributable to the parent company by 2165300 yuan, and the merger will reduce the net profit attributable to the parent company by 281312 million yuan. The bad debt write off meets the requirements of the actual situation and accounting policies of the company, and the write off will not have a significant impact on the current profit and loss of the company.
The above data of asset scrapping, provision for impairment and bad debt write off are only preliminary accounting data. The specific and accurate financial data are subject to the audited annual report of 2021 officially disclosed by the company.
5、 Opinions of the board of directors
In 2021, the disposal of partial asset scrapping, provision for impairment and bad debt write off conforms to the actual situation of the company's assets and relevant policies and regulations. After the company's scrapped partial asset impairment and bad debt write off, it can more fairly and truly reflect the company's asset status, and the company's asset value accounting information will be more authentic, reliable and reasonable.
6、 Opinions of the board of supervisors
According to the audit, the basis for scrapping, provision for impairment and bad debt write off of some assets of the company is sufficient, in line with the accounting standards for business enterprises and relevant systems of the company, in line with the actual situation of the company, fairly reflects the asset value and operating results of the company, and the accounting information of the company will be more true, accurate and reasonable. The decision-making procedure of the board of directors of the company on this proposal complies with the relevant provisions of relevant laws and regulations, and the board of supervisors agrees with the scrapping of some assets, provision for impairment and write off of bad debts of the company.
7、 Opinions of independent directors
In 2021, the company followed the principle of prudence in the scrapping, provision for impairment and bad debt write off of some assets. The scrapping, provision for impairment and write off methods comply with the accounting standards for business enterprises. This scrapping, provision for impairment and bad debt write off of some assets will more truly and accurately reflect the current financial situation of the company. When the board of directors of the company deliberates the above proposals, the relevant decision-making procedures are legal and effective. It is agreed that the company will scrap some assets, withdraw impairment and write off bad debts in 2021.
It is hereby announced.
Zhejiang Jiahua Energy Chemical Industry Co.Ltd(600273) board of directors March 30, 2022
