Securities code: Hc Semitek Corporation(300323) securities abbreviation: Hc Semitek Corporation(300323) Announcement No.: 2022027
Hc Semitek Corporation(300323)
Announcement of provision for asset impairment in the fourth quarter of 2021
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete
False records, misleading statements or material omissions.
Hc Semitek Corporation(300323) (hereinafter referred to as "the company") in accordance with the Listing Rules of Shenzhen Stock Exchange gem, self regulatory guide No. 1 of Shenzhen Stock Exchange GEM listed companies - business handling, accounting standards for business enterprises and other relevant provisions, the relevant information of the company's provision for asset impairment in the fourth quarter of 2021 is hereby announced as follows:
1、 Overview of the provision for asset impairment this time
In accordance with the accounting standards for Business Enterprises No. 8 - asset impairment and the company's accounting policies and other relevant provisions, and based on the principle of prudence, a comprehensive inventory and impairment test have been carried out on the status of various assets within the scope of the consolidated statements as of December 31, 2021. According to the test results, it is judged that the corresponding asset impairment reserves are accrued for the assets with signs of impairment. 2、 Scope and amount of provision for asset impairment this time
1. After the company conducted a comprehensive inventory and impairment test on the assets with possible signs of impairment as of December 31, 2021, the impairment losses of various assets totaled 5743863838 yuan in the fourth quarter of 2021. The details are as follows:
Unit: Yuan
Project Name: amount to be withdrawn in the current period
1. Credit impairment loss 929329613
Including: impairment loss of accounts receivable 918703918
Impairment loss of other receivables 781755
Impairment loss of notes receivable 9843940
2. Asset impairment loss 4814534225
Including: inventory falling price loss 4814534225
Total 5743863838
3、 The recognition standard and withdrawal method of the provision for asset impairment this time
(I) accounts receivable, other receivables and notes receivable
1. Provision method for expected credit loss of accounts receivable
a. Receivables with significant single amount and separate provision for expected credit loss
Judgment basis or amount standard for significant single amount receivables with book balance of more than 1 million (including 1 million)
term
For receivables with significant single amount, the company shall make impairment separately
Test of individually significant and individually accrued expected credit loss: if there is objective evidence indicating that it has been impaired, the company shall
The difference between the contract cash flow received by the loss method and the expected cash flow received
difference.
b. Receivables with insignificant single amount but with separate provision for expected credit loss
The reason for single withdrawal of expected credit loss has objective evidence that it has incurred loss, and the credit withdrawn according to the combination
Receivables whose losses cannot reflect the actual situation.
The impairment of receivables with insignificant single amount shall be measured separately
The expected credit loss of the single portfolio is expected to be within the whole duration
The difference between the contract cash flow received and the expected cash flow received by the accrual method of expected credit loss
difference. If objective evidence is found to be insufficient in a separate test, it shall be included in the aging group
Total provision for expected credit losses.
c. Receivables with expected credit loss withdrawn according to the combination of credit risk characteristics
Receivables that have not been impaired after independent test (including receivables with significant and insignificant single amount) and receivables with insignificant single amount that have not been tested separately are recognized by the company according to the characteristics of credit risk
The accounts are divided into several combinations, and the expected credit loss is calculated on the basis of the combination. The basis for determining the combination is as follows: accounts receivable Portfolio 1: led business customers
Accounts receivable portfolio 2: transactions between related parties within the scope of accounts receivable consolidation
For the accounts receivable divided into portfolio, the company refers to the historical credit loss experience, combined with the current situation and the prediction of future economic conditions, prepares the comparison table between the aging of accounts receivable and the expected credit loss rate for the whole duration, and calculates the expected credit loss.
a. The company divides other receivables into several combinations according to the characteristics of credit risk, and calculates the expected credit loss on the basis of the combination. The basis for determining the combination is as follows:
Other receivables Portfolio 1: interest receivable
Other receivables portfolio 2: dividends receivable
Other receivables portfolio 3: government subsidies receivable, deposits and deposits, etc
Other accounts receivable portfolio 4: transactions between related parties within the scope of a / R consolidation
Other receivables portfolio 5: aging portfolio
b. The company's expected credit loss of other receivables at different stages on each balance sheet date
The loss is measured separately, and the expected credit loss model of other receivables is determined as follows:
Project phase 1 phase 2 phase 3
Stage features since initial recognition, the credit risk has been significant since initial recognition, and has been issued since initial recognition
Insurance has not increased significantly, but credit impairment has not occurred
Loss reserve expected letter for the next 12 months expected letter for the whole duration expected letter for the whole duration of credit loss expected letter for the whole duration
Confirm the loss of foundation
For other receivables divided into portfolios, the company refers to the historical credit loss experience, combined with the current situation and the prediction of future economic conditions, and calculates the expected credit loss through the default risk exposure and the expected credit loss rate in the next 12 months or the whole duration.
3. Withdrawal method of credit impairment provision for notes receivable:
The company divides the notes receivable into several combinations according to the characteristics of credit risk, calculates the expected credit loss on the basis of the combination, and determines the basis of the combination as follows:
Bill receivable Portfolio 1: commercial acceptance bill
Bill receivable portfolio 2: bank acceptance bill
For bills receivable divided into portfolio, the company refers to historical credit loss experience and current situation
As well as the prediction of future economic conditions, the expected credit loss is calculated through the default risk exposure and the expected credit loss rate throughout the duration.
(II) inventory
1. Withdrawal method of inventory falling price reserves
On the balance sheet date, inventories are measured at the lower of cost and net realizable value, and inventory falling price reserves are withdrawn according to the difference between inventory cost and net realizable value.
For the inventory directly used for sale, the net realizable value of the inventory shall be determined by the amount of the estimated selling price of the inventory minus the estimated selling expenses and relevant taxes, and the falling price reserves shall be accrued according to the part where the inventory cost is higher than the net realizable value; For inventories that need to be processed, the net realizable value shall be recognized according to the estimated selling price of finished products minus the expected cost from processing to completion, estimated sales expenses and relevant taxes. The price falling reserves shall be accrued according to the part where the inventory cost is higher than the net realizable value.
2. Amount withdrawn in the current period
After the company conducted a comprehensive inventory and asset impairment test on the inventories with possible signs of impairment as of December 31, 2021, according to the lower of inventory cost and net realizable value, a total of 4814534225 yuan of inventory falling price reserves was withdrawn in the fourth quarter of 2021.
4、 Description of provision for impairment exceeding 30% of net profit this time
According to relevant regulations, the proportion of impairment provision for individual assets in the absolute value of the audited net profit of the company in the latest fiscal year is more than 30% and the absolute amount exceeds 10 million yuan. The details are as follows:
Asset name inventory
Inventory cost (yuan): 140446393797
Net realizable value: RMB 1309279
On the balance sheet date, inventory adopts cost and net realizable value
The calculation method of inventory falling price reserves, whichever is lower, shall be measured according to the fact that the inventory cost is higher than the net realizable value
Provision for inventory falling price shall be made for the difference.
The provision for asset impairment is made in accordance with the accounting standards for Business Enterprises No. 8 - asset impairment
The impairment amount withdrawn this time (yuan) is 4814534225
There are signs of impairment. Main reasons: the company is committed to optimization
The reason for the provision for asset impairment this time is the product structure and the continuous decline of low-end products
For low-end products in stock, the inventory cost is higher than the realizable value
For the net value part, the provision for inventory falling price is withdrawn.
5、 The impact of the current provision for asset impairment on the company
The provision for credit impairment and asset impairment will affect the company's pre tax profit of 5743863838 yuan in the fourth quarter of 2021. The company's provision for asset impairment has been audited by an accounting firm.
It is hereby announced.
Hc Semitek Corporation(300323) board of directors
April 11, 2022
