Securities code: Shanghai Lisheng Racing Co.Ltd(002858) securities abbreviation: Shanghai Lisheng Racing Co.Ltd(002858) Announcement No.: 2022014 Shanghai Lisheng Racing Co.Ltd(002858)
Announcement on change of accounting policies
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.
Shanghai Lisheng Racing Co.Ltd(002858) (hereinafter referred to as "the company") changes the corresponding accounting policies in accordance with the accounting standards for business enterprises issued by the Ministry of finance of the people's Republic of China (hereinafter referred to as "the Ministry of finance"). This change of accounting policies does not need to be submitted to the board of directors and the general meeting of shareholders for deliberation. The specific changes of relevant accounting policies are as follows:
1、 Overview of this accounting policy change
(I) reasons for change
(1) On January 26, 2021, the Ministry of Finance issued the notice on printing and distributing the interpretation of accounting standards for Business Enterprises No. 14 (CAI Kuai [2021] No. 1) (hereinafter referred to as "Interpretation No. 14"), which clarified the accounting treatment of the government and social capital cooperation project contracts by the relevant social capital parties. The interpretation shall come into force as of the date of promulgation. (2) On December 31, 2021, the Ministry of Finance issued the notice on printing and distributing the interpretation of accounting standards for Business Enterprises No. 15 (CAI Kuai [2021] No. 35) (hereinafter referred to as "Interpretation No. 15"), which stipulates the accounting treatment of the external sales of products or by-products produced before the fixed assets reach the expected serviceable state or in the process of R & D, the relevant presentation of centralized fund management and the judgment of loss contracts. The content of "accounting treatment for the external sales of products or by-products produced before the fixed assets reach the expected usable state or in the process of R & D" in the interpretation shall be implemented as of January 1, 2022, and the content of "relevant presentation of centralized fund management" shall be implemented as of the date of promulgation.
(II) accounting policies adopted by the company before change
Before the change of accounting policy, the company implemented the accounting standards for business enterprises - basic standards, various specific standards, application guide of accounting standards for business enterprises, interpretation of accounting standards for business enterprises and other relevant provisions issued by the Ministry of finance. (III) accounting policies adopted by the company after change
After this accounting policy change, the company will implement the relevant provisions of Interpretation No. 14 and Interpretation No. 15 revised and issued by the Ministry of finance, and apply from the date of publication. In addition to the above policy changes, other unchanged parts shall still be implemented in accordance with the accounting standards for business enterprises - basic standards, various specific accounting standards, application guidelines of accounting standards for business enterprises, interpretation announcement of accounting standards for business enterprises and other relevant provisions issued by the Ministry of Finance in the early stage. 2、 Impact of this accounting policy change on the company
This accounting policy change is made by the company in accordance with the requirements of the accounting standards and other documents revised and issued by the Ministry of finance. The changed accounting policy can objectively and fairly reflect the company's financial status and operating results, comply with the provisions of relevant laws and regulations and the actual situation of the company, will not have a significant impact on the company's financial status and operating results, and will not damage the interests of the company and shareholders.
It is hereby announced.
Board of directors
April 8, 2002
