Securities code: Taihai Manoir Nuclear Equipment Co.Ltd(002366) securities abbreviation: Taihai Manoir Nuclear Equipment Co.Ltd(002366) Announcement No.: 2022011 Taihai Manoir Nuclear Equipment Co.Ltd(002366)
About receiving the administrative supervision of Sichuan regulatory bureau of China Securities Regulatory Commission
Announcement of measures decision
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.
Taihai Manoir Nuclear Equipment Co.Ltd(002366) (hereinafter referred to as "the company") received the decision on ordering correction of Taihai Manoir Nuclear Equipment Co.Ltd(002366) regulatory measures ([2022] No. 9) issued by Sichuan regulatory bureau of China Securities Regulatory Commission (hereinafter referred to as "Sichuan Securities Regulatory Bureau") on April 1, 2022. The main contents of the decision are announced as follows:
“ Taihai Manoir Nuclear Equipment Co.Ltd(002366) ：
Your company's 2020 annual report disclosed that the asset impairment ratio of relevant contract assets of Yantai Taihai Group Co., Ltd. (hereinafter referred to as "Taihai group") is 31% (the impairment amount of contract assets is 340 million yuan), and the bad debt provision of accounts receivable is 37 million yuan according to the impairment ratio of contract assets. After investigation, in the process of impairment test, first, your company did not analyze its credit risk and performance payment ability in combination with the bankruptcy reorganization of Taiwan Strait group and the suspension of relevant projects. Second, the cash inflow of contract assets in the later stage was not analyzed and calculated according to the historical transfer of contract assets into accounts receivable and subsequent collection. Third, the provision for loss of receivables and contract assets is not measured according to the expected credit loss impairment test method disclosed in the 2020 annual report, but the proportion of asset impairment is expected to occur according to the sum of the probabilities of normal performance, delayed performance for one year and delayed performance for two years.
The above circumstances do not meet the requirements of Articles 11 and 12 of the accounting standards for Business Enterprises No. 8 - asset impairment and Article 48 of the accounting standards for Business Enterprises No. 22 - recognition and measurement of financial instruments, and violate the provisions of Article 3 of the measures for the administration of information disclosure of listed companies (Order No. 182 of the CSRC). According to the provisions of Article 52 of the measures for the administration of information disclosure of listed companies (Order No. 182 of the CSRC), our bureau has decided to take administrative regulatory measures to order your company to make corrections, and your company is requested to submit a written correction report to our bureau within 30 working days after receiving the regulatory measures.
1、 The company shall take measures to ensure the effectiveness of internal accounting and financial information disclosure, and strengthen the effectiveness of financial accounting.
2、 Your company shall conduct a new impairment test on the book value of relevant accounts receivable and contract assets at the end of 2020 in strict accordance with the accounting standards for business enterprises. If the test results have a significant impact on the periodic report, the correction information of accounting errors shall be disclosed in time. If significant accounting errors are reached, the relevant annual accounting statements shall be retroactively adjusted according to the regulations.
If you are not satisfied with the supervision and administration measures, you can apply to the China Securities Regulatory Commission for administrative reconsideration within 60 days from the date of receiving the decision, or you can bring a lawsuit to the people's court with jurisdiction within 6 months from the date of receiving the decision. During the period of reconsideration and litigation, the above supervision and management measures shall not be suspended. " The company and relevant responsible parties attach great importance to the problems mentioned in the above decision, will rectify according to the requirements of Sichuan Securities Regulatory Bureau, and submit a written report to Sichuan Securities Regulatory Bureau within the specified time. At the same time, the directors, supervisors and senior managers of the company will take this rectification as an opportunity to strengthen the study of securities laws and regulations, strengthen the awareness of standardized operation, improve the internal control system, strengthen the management of information disclosure, and effectively improve the standardized operation level of the company.
It is hereby announced.
Taihai Manoir Nuclear Equipment Co.Ltd(002366) board of directors
April 2, 2022
