Securities code: Changhong Meiling Co.Ltd(000521) , 200521 securities abbreviation: Changhong Meiling Co.Ltd(000521) , hongmeiling B Announcement No.: 2022017 Changhong Meiling Co.Ltd(000521) announcement on changes in accounting policies
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.
According to the relevant requirements of the accounting department of the Ministry of Finance on questions and answers about the implementation of accounting standards for business enterprises, the 16th meeting of the 10th board of directors of the company held on March 29, 2022 Changhong Meiling Co.Ltd(000521) (hereinafter referred to as “the company” or “the company”) deliberated and adopted the proposal on the change of accounting policies of the company, and the specific contents are hereby announced as follows:
1、 Overview of changes in accounting policies
(I) reasons for change
On November 2, 2021, the accounting department of the Ministry of Finance issued a question and answer on the implementation of accounting standards for business enterprises, It is clearly stipulated that: “generally, 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, and 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 profit and loss. The contract performance costs shall be listed in the” operating costs “item of the income statement.”
(II) date of change
The company will take effect from January 1, 2021 in accordance with the provisions of the accounting department of the Ministry of finance.
(III) accounting policies before change
The company lists transportation costs and other related expenses in the “sales expenses” item.
(IV) changed accounting policies
The company takes the transportation costs and other related expenses incurred for the performance of customer sales contracts as contract performance costs, amortizes them on the same basis as the recognition of commodity or service revenue, and records them into the current profits and losses. The contract performance costs are listed in the “operating costs” item of the income statement.
2、 Impact of changes in accounting policies on the company
1. This accounting policy change is a reasonable change made by the company according to the requirements of the accounting department of the Ministry of finance. The company adopts the future application method for this accounting policy change, and switches the transportation costs and other related expenses incurred for the performance of customer sales contracts from “sales expenses” to “operating costs”, which will have an impact on the company’s gross profit margin and other financial indicators, but will not have a significant impact on the company’s financial status, operating results and cash flow.
2. Since January 1, 2021, this accounting policy change will switch the transportation costs and other related expenses incurred in the performance of customer sales contracts from “sales expenses” to “operating costs”. The specific amount is as follows:
Amount affected in 2021
Affected report items and indicators + are increased and – are decreased
Consolidated statement parent company statement
Operating cost + 64184360352 + 7401734315
Selling expenses -64184360352 -7401734315
Gross profit margin -3.56% – 0.95%
Sales expense rate -3.56% – 0.95%
3、 Opinions of independent directors
In accordance with the relevant provisions and requirements of the Ministry of finance, the stock listing rules of Shenzhen Stock Exchange, the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 1 – standardized operation of companies listed on the main board, the articles of association, the Changhong Meiling Co.Ltd(000521) independent director system and other relevant provisions and requirements, the independent directors of the company carefully reviewed the relevant materials of the proposal on changes in accounting policies submitted by the board of directors, The independent opinions are as follows:
1. This accounting policy change is a reasonable change made by the company according to the question and answer of the accounting department of the Ministry of Finance on the implementation of accounting standards for business enterprises, which is in line with the relevant provisions of the Ministry of finance, China Securities Regulatory Commission and Shenzhen Stock Exchange and the actual situation of the company, as well as the provisions of relevant laws, regulations and the articles of association of the company.
2. The changed accounting policies can objectively and fairly reflect the company’s financial status and operating results. 3. The review and decision-making procedures of this accounting policy change comply with the provisions of relevant laws, regulations and the articles of association, and there is no situation that damages the interests of the company and all shareholders, especially small and medium-sized shareholders.
Therefore, we agree that the company will change its accounting policies in accordance with the requirements of the accounting department of the Ministry of Finance on the implementation of accounting standards for business enterprises, and agree to submit the proposal to the general meeting of shareholders for deliberation.
4、 Opinions of the board of supervisors
The board of supervisors believes that the company has made corresponding accounting policy changes in accordance with the relevant provisions of the accounting department of the Ministry of Finance on the question and answer of the implementation of accounting standards for business enterprises, which is in line with the relevant provisions of the Ministry of Finance and the actual situation of the company, its decision-making procedures are in line with the provisions of relevant laws and regulations and the articles of association, and there is no damage to the interests of the company and shareholders, especially small and medium-sized shareholders.
5、 Documents for future reference
1. The resolution of the 16th meeting of the 10th board of directors signed by the attending directors and stamped with the seal of the board of directors; 2. The resolution of the 13th meeting of the 10th board of supervisors signed by the attending supervisors;
3. Independent opinions of independent directors on relevant proposals of the 16th meeting of the 10th board of directors; 4. Other documents required by SZSE. It is hereby announced
Changhong Meiling Co.Ltd(000521) board of directors March 31, 2002
