China Hi-Tech Group Co.Ltd(600730)
Announcement on correction of previous accounting errors
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 correction of accounting errors will affect: 1. The operating income, operating cost, net assets, total profit, net profit and net profit attributable to shareholders of Listed Companies in the first three quarters of 2021 will not affect the data of 2021 annual financial report; 2. The surplus reserves and undistributed profits of the company in 2019 and 2020 will not affect the items, total assets and total net assets of the income statement in 20192021.
China Hi-Tech Group Co.Ltd(600730) (hereinafter referred to as "the company") has corrected the accounting errors in the first three quarters of 2020 in accordance with the relevant provisions of the accounting standards for Business Enterprises No. 28 - changes and error correction of accounting policies and accounting estimates, and the rules for the preparation of information disclosure of companies offering securities to the public No. 19 - correction and relevant disclosure of financial information Correct accounting errors in the first three quarters of 2021. The correction of accounting errors in the early stage has been deliberated and adopted at the 22nd Meeting of the ninth board of directors and the 15th meeting of the ninth board of supervisors, and the independent directors have expressed their independent opinions. The specific conditions are described as follows:
1、 Overview of correction of accounting errors
(I) correction of accounting errors in the first three quarters of 2020
According to the independent opinions approved by the 20th meeting of the 9th board of directors and the 14th meeting of the 9th board of supervisors and agreed by the independent directors, the company has corrected the accounting errors in the first quarter of 2020, the half year of 2020 and the third quarter of 2020. The corrected matters have not affected the data of the company's 2020 financial report. For details, see the company's Announcement No. 2022003.
(II) correction of accounting errors in the first three quarters of 2021
The company's revenue and cost reports in the first quarter, half year and third quarter of 2021 are inaccurate in terms of installment. The main reasons are as follows:
For the medical online education business income that should be recognized by stages, the company usually recognizes it in the account at one time according to the settlement amount. When preparing the semi annual report and annual report, it adjusts it according to the method of "straight-line amortization income during customer service". The adjustment amount is placed in the income of the second quarter and the fourth quarter, resulting in the inaccurate income amount of the first quarter and the third quarter.
For the operating cost of medical online education, the company usually includes part of the expenses of servers, etc. into the R & D expenses, and the firm includes its adjustment into the operating cost during the annual audit. The quarterly data disclosed in the company's periodic report divides this part of the adjustment amount into the fourth quarter, which is not apportioned between quarters.
The correction of other accounting errors is mainly to adjust the audit adjustment events at the end of the year to the quarterly data.
(III) correction of accounting errors in 2019 and 2020 reports
Since the company did not withdraw surplus reserve in 2019 and 2020, it is proposed to make retroactive adjustment in 2021. In 2019, the surplus reserve increased by 1486090962 yuan and the undistributed profit decreased by 1486090962 yuan. In 2020, the surplus reserve increased by 1794155744 yuan and the undistributed profit decreased by 1794155744 yuan. This matter has no impact on the items, total assets and net assets of the income statement from 2019 to 2021.
2、 Details of this accounting error correction
The impact of the above correction of accounting errors on the company's financial statements is as follows:
(I) impact of corrections on the financial statements of the first quarter of 2021 (unit: RMB) 1. Impact on the consolidated balance sheet as of March 31, 2021
Amount affected after item correction and before correction
Prepayment 284022805299190320 - 15167515
Total current assets 135112589193135127756708 - 15167515
Fixed assets 33231105030994410422366946
Right of use assets 195745343210365201 - 14619858
Total non current assets 95084228202950764811147747088
Total assets 230196817395230204237822 - 7420427
Contract liabilities 13056875121404166108 -98478596
Payroll payable 131245161313040066138445000
Non current liabilities due within one year 88489810 - 88489810
Total current liabilities 78940721967895615982 -1543786
Lease liabilities 102274565212495572 -110221007
Total non current liabilities 24005283916241115504923 -110221007
Total liabilities 3189935611232011120905 - 111764793
Surplus reserve 17091571066152974153221794155744
Undistributed profit 7750583464479253562853 -1747728209
Total owner's equity attributable to the parent company 191089 Chengdu Corpro Technology Co.Ltd(300101) 19104287256646427535
Minority shareholders' equity 7208161182715024435157916831
Total owner's equity (or shareholder's equity) 198297461283198193116917104344366
Liabilities and owner's equity (or shareholder's rights)
(total: 196237957427 -23020487427)
Note: 1) contract liabilities decreased by 980000 yuan, mainly due to the phased adjustment of medical online education business income;
2) The decrease of 1.1 million yuan in lease liabilities is mainly due to the reclassification of the part due within one year to the non current liabilities due within one year, and the principal of lease liabilities is not reduced for some prepaid rent payments.
2. Impact on the balance sheet of the parent company on March 31, 2021
Amount affected after item correction and before correction
Surplus reserve 17098875327153047195831794155744
Undistributed profit 7467867523776472830981 -1794155744
3. Effect on consolidated income statement of January 20203
Amount affected after item correction and before correction
1、 Total operating income 2916928619281845 Lets Holdings Group Co.Ltd(002398) 478596
Including: operating income 2916928619281845 Lets Holdings Group Co.Ltd(002398) 478596
2、 Total operating cost 2466719207245927444213
Including: operating cost 1873884111640529623338115
Selling expenses 6204496666162823214167345
Administrative expenses 965835 Hubei Heyuan Gas Co.Ltd(002971) 541458 - 5706456
R & D expenses 740227972754345370 -14117398
Financial expenses -97442131 -97204738 -237393
Including: interest expense 72275947464987 -237393
Interest income 1080457891064256291620160
3、 Operating profit (loss expressed with "-") 80768239671664801391034383
4、 Total profit (total loss expressed with "-") 87712196878608758591034383
5、 Net profit (net loss expressed with "-") 68095289158991850891034383
1. Net profit from continuing operations (net loss expressed with "-" 68095289158991850891034383)
1. Net profit attributable to the owner of the parent company 40058231935415478446427535
2. Profit and loss of minority shareholders 28037057223576372444606848
7、 Total comprehensive income 67896509458793071191034383
The total comprehensive income attributable to the owners of the parent company is 39859452235216698746427535
Total comprehensive income attributable to minority shareholders 28037057223576372444606848
(I) basic earnings per share (yuan / share) 0.007 0.006 0.001
(II) diluted earnings per share (yuan / share) 0.007 0.006 0.001
Note: the change of operating income is mainly caused by the phased adjustment of medical online education business income.
4. Impact on the consolidated cash flow statement from January to March 2021
Amount affected after item correction and before correction
Other cash paid related to operating activities 1120277
