Securities code: Beijing Aerospace Changfeng Co.Ltd(600855) securities abbreviation: Beijing Aerospace Changfeng Co.Ltd(600855) Announcement No.: 2022014 Beijing Aerospace Changfeng Co.Ltd(600855)
Announcement on the provision of goodwill impairment of aerospace Burke, a holding subsidiary
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.
Beijing Aerospace Changfeng Co.Ltd(600855) (hereinafter referred to as “the company”) held the 21st Meeting of the 11th board of directors on March 30, 2022, deliberated and adopted the proposal on withdrawing the goodwill impairment of aerospace Burke, a holding subsidiary. The relevant information is hereby announced as follows:
In order to objectively and accurately reflect the financial status and asset value of Beijing Aerospace Changfeng Co.Ltd(600855) (hereinafter referred to as the company), according to the accounting standards for business enterprises and the relevant provisions of the company’s accounting policies, the company combined with the operating status and asset status of its subsidiary Aerospace Baike (Guangdong) Technology Co., Ltd. (hereinafter referred to as aerospace Baike) through impairment test and judgment, based on the principle of prudence, The company made a provision for impairment of its goodwill of 9.8975 million yuan. The provision for impairment of goodwill is described as follows:
1、 Formation of goodwill
In 2018, the company acquired 51% of the equity of the original shareholders of its subsidiary Aerospace Berk by issuing shares and raising supporting funds. Since May 2018, aerospace Berk has been included in the merger scope of listed companies, forming a goodwill of 816642 million yuan.
2、 Reasons for withdrawing goodwill impairment provision this time
Aerospace Burke is a power supply enterprise mainly engaged in research, development and production of UPS / EPS power supply, combined power supply, power supply system and new energy power supply and sales service. In 2021, affected by the epidemic situation, the price increase of raw materials, the increasingly fierce market competition and other factors, the profitability did not meet expectations. The management of the company gave full consideration to the future business performance of aerospace Berk and, based on prudent judgment, made an impairment provision of 9.8975 million yuan for the goodwill formed by the merger and acquisition of aerospace Berk.
3、 Amount of provision for goodwill impairment this time
According to the goodwill impairment assessment report issued by Beijing zhongqihua assets assessment Co., Ltd. (zhongqihua pingbao Zi (2022) No. 609302), as of December 31, 2021, the assessed value of aerospace Berk asset group including goodwill was 436.6 million yuan, which was less than the book value of aerospace Berk asset group including goodwill was 4544495 million yuan, and the impairment of goodwill was 178495 million yuan, According to the shareholding ratio of 55.45%, the company has made an impairment provision of 9.8975 million yuan for the goodwill formed by the acquisition of aerospace Burke.
4、 Impact on the financial position of the company
The provision for impairment will lead to an increase of 9.8975 million yuan in the impairment loss of assets in the consolidated financial statements of the company in 2021 and a decrease of 9.8975 million yuan in the net profit attributable to shareholders of listed companies.
5、 Notes of the board of directors on the provision for goodwill impairment
After review, the board of Directors believes that: according to the accounting standards for business enterprises and other relevant provisions, the provision for goodwill impairment follows the principles of prudence and rationality, and the basis for the provision for goodwill impairment is sufficient and in line with the actual situation of the company. The provision for impairment of goodwill this time fairly reflects the company’s financial situation and operating results, and it is agreed to make provision for impairment of goodwill this time.
6、 Opinions of independent directors
The independent directors of the company believe that according to the relevant provisions of the accounting standards for business enterprises and accounting policies, in accordance with the principle of prudence and in combination with the actual situation of the company, the company plans to withdraw the provision for goodwill impairment. The provision for impairment of goodwill this time complies with the relevant provisions of the accounting standards for business enterprises and the actual situation of the company, and does not damage the interests of the company and minority shareholders. After the provision for impairment is made, it can more fairly reflect the financial status and operating results of the company. Based on the above opinions, we agree to the proposal on the provision for impairment of goodwill of aerospace Burke, a holding subsidiary.
7、 Opinions of the board of supervisors
After the review of the board of supervisors, it is considered that the provision for goodwill impairment of the company this time complies with the provisions of the accounting standards for business enterprises and relevant systems of the company and the actual situation of the company. After the provision, it can more fairly reflect the financial status and operating results of the company. There is no damage to the interests of the company and all shareholders, especially small and medium-sized shareholders, and the relevant procedures are legal and compliant. The board of supervisors agreed to the proposal on withdrawing the goodwill impairment of aerospace Burke, a holding subsidiary.
It is hereby announced.
Beijing Aerospace Changfeng Co.Ltd(600855) board of directors
April 1, 2022
