Securities code: Netposa Technologies Ltd(300367) abbreviation: Netposa Technologies Ltd(300367) Announcement No.: 2022021 Netposa Technologies Ltd(300367)
Announcement on correction and retroactive adjustment of accounting errors in the previous period
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.
Special tips:
Netposa Technologies Ltd(300367) (hereinafter referred to as "the company") due to accounting errors, the net assets attributable to shareholders of listed companies at the end of 2020 are negative after retroactive restatement. According to article 10.3.1 of Shenzhen Stock Exchange GEM Listing Rules (revised in December 2020), the company's stock trading will be warned of delisting risk by Shenzhen Stock Exchange.
The company held the 40th meeting of the 4th board of directors on April 6, 2022, deliberated and adopted the proposal on correction and retroactive adjustment of accounting errors in the previous period, It is agreed that in accordance with the relevant provisions of the accounting standards for Business Enterprises No. 28 - changes or errors in accounting policies and accounting estimates (hereinafter referred to as the "accounting standards for Business Enterprises No. 28") and the rules for the preparation of information disclosure of companies offering securities to the public No. 19 - correction and related disclosure of financial information (hereinafter referred to as the "rules for the preparation of information disclosure No. 19"), It is proposed to correct the company's early accounting errors in 2020.
1、 General situation of accounting error correction
In the process of preparing and cooperating with the audit of the annual financial report of 2021, according to the accounting law, accounting standards for business enterprises, internal control guidelines for financial statements and relevant internal control policies and procedures of the company, the company found that there were accounting errors in previous periods when carrying out necessary asset inventory, impairment test and verification of creditor's rights and debts, In accordance with the relevant provisions of the accounting standards for Business Enterprises No. 28 - changes in accounting policies, accounting estimates and error correction, it is necessary to retroactively restate and correct the important errors in the previous period, and the net assets attributable to the shareholders of the listed company at the beginning of the period (hereinafter referred to as the "net assets attributable to the parent at the beginning of the period") shall be retroactively reduced by 4492362 million yuan. The company's net assets attributable to the parent company at the beginning of 2021, i.e. at the end of 2020, are 190364800 yuan. After retroactive adjustment, the net assets attributable to the parent company at the beginning of 2021, i.e. at the end of 2020, are -258871400 yuan. The details of retroactive adjustment are as follows:
1. Adjustment of long-term equity investment
In 2016, the company invested 100 million yuan in Boyong No. 1 intelligent industry investment partnership (limited partnership) (hereinafter referred to as "Boyong No. 1"), which was accounted by the equity method. The share of net profit and loss and other comprehensive income realized by the invested unit that it enjoyed or should share was calculated according to the shareholding ratio, the investment income and other comprehensive income were recognized respectively, and the book value of long-term equity investment was adjusted at the same time. In March 2017, Minmetals International Trust Co., Ltd. (hereinafter referred to as Minmetals trust, limited partner), Shanghai Boyong Asset Management Co., Ltd. (general partner) signed the partnership agreement with the company (inferior partner) and Ding Yi, Zhao Xin, Zhang Yingxing and Tao Tao Tao (inferior partner). As a priority partner, Minmetals trust paid in 205 million yuan to Boyong No. 1, In 2020, after Boyong No. 1 returned the paid in capital contribution of Minmetals trust of 36 million yuan, Minmetals trust paid in capital contribution of 169 million yuan to Boyong No. 1. According to the partnership agreement, in March 2017, the company became the inferior limited partner of Boyong No. 1. When the subsequent companies conducted accounting and financial statement presentation, they did not consider deducting the paid in capital contribution of priority partners, resulting in accounting errors in the accounting of the book value of long-term equity investment.
The correction of previous accounting errors involved in this event includes: the correction of previous accounting errors involved in this event includes: the cumulative reduction of undistributed profit at the beginning of 2020 is 297749 million yuan, and the reduction of long-term equity investment is 297749 million yuan; In 2020, the undistributed profit at the beginning of the period was reduced by 297749 million yuan, the investment income was reduced by 188399 million yuan, the other comprehensive income was increased by 2.6735 million yuan, and the long-term equity investment was reduced by 459413 million yuan.
2. Adjustment of estimated liabilities involved in illegal guarantee
In 2019, the company referred to the law firm's legal analysis opinions on issues related to Netposa Technologies Ltd(300367) issuing letter of guarantee and letter of commitment for all debts under the China factoring business contract of Beijing Haijin commercial factoring Co., Ltd. and Beijing police Shida Electromechanical Equipment Research Institute Co., Ltd Legal analysis opinions on matters related to Netposa Technologies Ltd(300367) issuing letter of guarantee and letter of commitment for all debts under the China factoring business contract of Beijing Haijin commercial factoring Co., Ltd. and Beijing United Video Technology Co., Ltd Legal analysis opinions on matters related to Netposa Technologies Ltd(300367) issuing letter of guarantee and letter of commitment for all debts under the China factoring business contract of Beijing Haijin commercial factoring Co., Ltd. and Shenglian Financial Leasing Co., Ltd., and legal analysis opinions on matters related to Netposa Technologies Ltd(300367) guarantee contract of Beijing Haidian Technology Financial Capital Holding Group Co., Ltd. (the borrower is Jining hengdexin International Trade Co., Ltd.), The credit impairment loss of 235 million yuan and the estimated liability of 235 million yuan were accrued for four illegal guarantees, including Beijing police Shida Electromechanical Equipment Research Institute Co., Ltd., Beijing United Video Technology Co., Ltd., Shenglian Financial Leasing Co., Ltd. and Jining hengdexin International Trade Co., Ltd.
In 2020, with reference to the legal analysis report issued by another law firm, the company reversed the estimated liability of 235 million yuan accrued in the previous year. In the absence of new facts and basis other than the legal analysis report issued by another law firm, the judgment basis for the company to offset the above estimated liabilities of RMB 235 million in 2020 is insufficient. Based on the provisions of the accounting standards for business enterprises, the company restored the estimated liabilities that have been reversed in 2020 by RMB 235 million, and accrued the corresponding interest and penalty interest by RMB 758606 million (including RMB 280849 million in 2019).
The correction of previous accounting errors involved in this event includes: at the beginning of 2020, the credit impairment loss is increased by 280849 million yuan and the estimated liability is increased by 280849 million yuan; In 2020, the undistributed profit at the beginning of the period was reduced by 280849 million yuan, the credit impairment loss was increased by 2827756 million yuan, and the estimated liability was increased by 3108606 million yuan.
3. Adjustment of illegal guarantee litigation after the balance sheet date
On February 4, 2021, the people's Court of Huangpu District, Guangzhou City, Guangdong Province issued a civil judgment on the illegal guarantee of the company for ZTE rongchuang Investment Management Co., Ltd. (hereinafter referred to as "ZTE rongchuang"), which ruled that the defendant ZTE rongchuang should pay 1773867010 yuan and interest to Changdu Gaoteng Enterprise Management Co., Ltd. within 10 days from the effective date of the judgment Liquidated damages (the interest and liquidated damages as of November 5, 2019 are 1110620800 yuan; from November 6, 2019, based on 1773867010 yuan and calculated according to the standard of 0.05% per day to the date of actual repayment), the company shall be liable for half of the above judgment debts of ZTE rongchuang.
After the judgment of the above case, the company did not account for the adjustment after the balance sheet date of the 2020 annual report. Now it is retroactive and adjusted according to the judgment. It recognised the estimated liabilities according to the 1/2 of ZTE's failure to repay the debt, and raised the corresponding interest and the penalty amount of 16 million 390 thousand and 600 yuan.
The correction of previous accounting errors involved in this event includes: in 2020, the credit impairment loss was increased by 163906 million yuan and the estimated liability was increased by 163906 million yuan.
4. Adjustment of non accrued interest and penalty interest of estimated liabilities involved in illegal guarantee
In March 2019, the company and its subsidiary Dongfang Wangli (Suzhou) Intelligent Technology Co., Ltd. (hereinafter referred to as "Suzhou intelligent") provided illegal guarantee for Beijing hongjiafu Technology Co., Ltd. the company has accrued credit impairment loss of 200 million yuan in 2019. In January 2020, the plaintiff applied to the court for enforcement of Suzhou smart. Suzhou smart did not transfer the estimated liabilities to other accounts payable in 2020, nor did it withdraw the corresponding interest and penalty interest. Now the company makes retroactive adjustment, transfers the estimated liabilities to other accounts payable, and confirms the corresponding interest and penalty interest of 760437 million yuan (including 280437 million yuan accrued in 2019). The correction of previous accounting errors involved in this event includes: at the beginning of 2020, the credit impairment loss is increased by 280437 million yuan and the estimated liability is increased by 280437 million yuan; In 2020, the undistributed profit at the beginning of the period was reduced by 280437 million yuan, the non operating expenditure was increased by 48 million yuan, and other payables were increased by 760437 million yuan
Yuan; In 2020, the credit impairment loss was reduced by 200 million yuan, the estimated liability was reduced by 200 million yuan, the non operating expenditure was increased by 200 million yuan and other payables were increased by 200 million yuan. 2、 The impact of accounting error correction on the company's financial status and operating results
In accordance with the relevant requirements of the accounting standards for business enterprises, the company adopts the restatement method to correct the above matters and adjust them to the relevant financial statement items in 2020. The impact of the above error correction items on the company's financial statements in 2020 is as follows:
1. Impact on consolidated balance sheet
Monetary unit: 10000 yuan
Statement items December 31, 2020 (January 1, 2021)
Amount before adjustment amount adjustment proportion amount after adjustment
Long term equity investment 3669342 -459413 -12.52% 3209929
Total non current assets 16868682 -459413 -2.72% 16409269
Total assets 30297021 -459413 -1.52% 29837608
Other payables 26497802760437 104.18% 5410217
Total current liabilities 254775362760437 10.83% 28237973
Estimated liabilities 25087541272511 50.72% 3781265
Total non current liabilities 27864361272511 45.67% 4058947
Total liabilities 282639724032949 14.27% 32296920
Other comprehensive income -103132 267.35 -25.92% - 763.97
Undistributed profit -23894531 -4519097 18.91% - 28413628
Owner's equity attributable to the parent company 1903648 -4492362 -235.99% - 2588714 total
Total owner's equity 2033049 -4492362 -220.97% - 2459313
Total liabilities and owner's equity 30297021 -459413 -1.52% 29837608
2. Impact on the balance sheet of the parent company:
Monetary unit: 10000 yuan
Statement items December 31, 2020 (January 1, 2021)
Amount before adjustment amount adjustment proportion amount after adjustment
Long term equity investment 26259414 -459413 -1.75% 25800001
Total non current assets 30995608 -459413 -1.48% 30536195
Total assets 44668546
