Securities code: Sailun Group Co.Ltd(601058) securities abbreviation: Sailun Group Co.Ltd(601058) Announcement No.: pro 2022031 Sailun Group Co.Ltd(601058)
Announcement on the provision for asset impairment
The company and all members of the board of directors guarantee that there are no false records, misleading statements or major omissions in the contents of the announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of the contents.
On March 31, 2022, Sailun Group Co.Ltd(601058) (hereinafter referred to as "the company") held the 31st meeting of the 5th board of directors and the 23rd Meeting of the 5th board of supervisors, and deliberated and adopted the proposal on the provision for asset impairment. The proposal does not need to be submitted to the general meeting of shareholders for deliberation. The relevant information is as follows: I. overview of the provision for asset impairment
According to the accounting standards for business enterprises and relevant provisions of the company's accounting policies, the company has conducted a comprehensive inventory of assets by the end of 2021, fully evaluated and analyzed the net realizable value and recoverable amount of various assets, and made provision for impairment of assets that may have impairment losses. After the impairment test, the company has withdrawn 885964 million yuan of asset impairment reserves in the current period, including 1093401 million yuan of asset impairment loss and - 207437 million yuan of credit impairment loss.
2、 Specific conditions of withdrawing asset impairment reserves
1. Credit impairment loss
The company evaluates the credit risk of financial assets with significantly different credit risks, such as accounts receivable from related parties; Receivables in dispute with the other party or involving litigation and arbitration; Receivables that have obvious signs that the debtor is likely to be unable to perform its repayment obligations. In addition to the financial assets that individually assess the credit risk, the company divides the financial assets into different groups based on the common risk characteristics. The company divides the notes receivable and accounts receivable into different combinations according to the credit risk characteristics, and evaluates the credit risk on the basis of the combination. After testing, in 2021, the company accrued and reversed the provision for impairment of receivables -207437 million yuan.
2. Asset impairment loss
Inventory falling price reserves: according to the accounting standards for business enterprises and the company's accounting policies, the company divides the inventory into raw materials, goods in stock and goods delivered on the balance sheet date for impairment test, and measures it according to the lower of cost and net realizable value. When the net realizable value is lower than cost, the inventory falling price reserves are accrued. In 2021, the company accrued 1093401 million yuan of inventory falling price reserves.
3、 The impact of the current provision for asset impairment on the company
In 2021, the company made a total of 885964 million yuan of provision for impairment of various assets, reducing the total profit of consolidated statements in 2021 by 885964 million yuan.
4、 Opinions of the board of directors on the company's provision for asset impairment
The board of Directors believes that the company's provision for asset impairment is made in accordance with the accounting standards for business enterprises, the company's accounting policies and other relevant provisions, based on the principle of prudence and in combination with the company's assets and actual operation. The basis is sufficient, and the provision for asset impairment can more fairly reflect the company's assets and financial status at the end of the reporting period.
5、 Opinions of the board of supervisors on the company's provision for asset impairment
The board of supervisors believes that the company's provision for asset impairment in accordance with the accounting standards for business enterprises and the company's accounting policies is in line with the actual situation of the company, and the provision for asset impairment can more fairly reflect the assets and financial status of the company. The decision-making procedure of the board of directors of the company for considering the proposal complies with the relevant provisions of laws and regulations, and agrees that the company shall withdraw the provision for asset impairment in 2021.
6、 Independent opinions of independent directors on the company's provision for asset impairment
The independent directors believe that the company's provision for asset impairment this time is based on the principle of prudence, in line with the relevant provisions of the accounting standards for business enterprises and the company's accounting policies, can objectively and fairly reflect the company's financial status and operating results, help to provide investors with more authentic, reliable and accurate accounting information, and there is no situation that damages the interests of the company and all shareholders. The decision-making procedure for withdrawing the provision for asset impairment this time complies with the relevant provisions of laws, regulations and the articles of association. It is agreed that the company shall make provision for asset impairment in 2021.
7、 Opinion of the board of Auditors
The Audit Committee believes that the company's provision for asset impairment this time is based on the principle of prudence, with sufficient basis and in line with the relevant provisions of the accounting standards for business enterprises and the company's accounting policies. After the provision for impairment of assets, the accounting information of the company can reflect the fair value of assets and the operating results of the company more reasonably. It is agreed that the company shall make provision for asset impairment in 2021.
8、 Documents for future reference
1. Resolution of the 31st meeting of the 5th board of directors of the company
2. Resolution of the 23rd Meeting of the 5th board of supervisors of the company
3. Independent opinions of the company's independent directors on matters related to the 31st meeting of the 5th board of directors 4. Resolutions of the 11th meeting of the audit committee of the 5th board of directors
It is hereby announced.
Sailun Group Co.Ltd(601058) board of directors April 2, 2022
