Securities code: Guangxi Wuzhou Zhongheng Group Co.Ltd(600252) securities abbreviation: Guangxi Wuzhou Zhongheng Group Co.Ltd(600252) No.: pro 202220 Guangxi Wuzhou Zhongheng Group Co.Ltd(600252)
Announcement on changes in accounting policies
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents. Important content tips:
Guangxi Wuzhou Zhongheng Group Co.Ltd(600252) (hereinafter referred to as " Guangxi Wuzhou Zhongheng Group Co.Ltd(600252) " or "the company") this accounting policy change is the question and answer implemented by the company in accordance with the income standard issued by the Ministry of Finance on November 2, 2021, and the corresponding change of the company's accounting policy will not have a significant impact on the company's financial status, operating results and cash flow.
Guangxi Wuzhou Zhongheng Group Co.Ltd(600252) held the 37th meeting of the ninth board of directors and the 21st Meeting of the ninth board of supervisors on April 15, 2022. The meeting deliberated and adopted Guangxi Wuzhou Zhongheng Group Co.Ltd(600252) on the change of accounting policies respectively. This matter does not need to be submitted to the general meeting of shareholders for deliberation. The details are as follows:
1、 Overview of changes in accounting policies
(I) reasons for change
According to the question and answer on the implementation of the income standard issued by the accounting department of the Ministry of Finance on November 2, 2021, before the control of the enterprise's goods or services is transferred to the customer, the transportation activities in order to perform the customer's contract do not constitute a single performance obligation, and the relevant transportation costs shall be regarded as the contract performance cost, amortized on the same basis as the recognition of the revenue of goods or services, and included in the current profit and loss. The contract performance cost shall be carried forward and included in the title of "main business cost" or "other business cost" when recognizing the revenue of goods or services, and shall be listed in the item of "operating cost" in the income statement.
(II) date of change
The company will implement Q & A in accordance with the above income standards, implement the changed accounting policies from 2021, and make retroactive adjustment to the amount in the same period of last year.
(III) accounting policies adopted after change
Before the company implements the changed accounting policy and transfers the control over goods or services to customers, the transportation costs incurred in performing the contract shall be accounted according to the implementation of the income standard, and the amount in the same period of last year shall be reclassified. Other accounting policies that have not been changed shall still be implemented in accordance with the accounting standards for business enterprises - basic standards, specific accounting 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.
2、 Impact of this accounting policy change on the company
According to the requirements of question and answer in the implementation of the income standard, for the sales business of the company in 2021, the transportation costs incurred for the performance of the sales contract before the control of goods or services is transferred to customers are carried forward to the title of "main business cost" or "other business cost" and listed in the item of "operating cost" in the income statement. The amount in the same period of last year was reclassified from the original "sales expenses" item to "operating costs", and the related cash flow was reclassified from "other cash paid related to operating activities" to "cash paid for purchasing goods and receiving labor services".
The company retroactively adjusted the items related to the 2020 financial statements, and the specific affected amounts are as follows:
Unit: Yuan
Reasons for changes in accounting policies and affected amounts
Report items whose contents are affected
Consolidated statement parent company statement
Controlling the operating cost of the enterprise's goods or services
711161253 of ownership transfer to customers——
Before, in order to fulfill the customer contract
The sales expenses of transportation activities incurred at the same time are -711161253 - operating expenses, reclassified operating costs, and other cash paid related to operating activities are -711161253 - purchasing goods and receiving labor services
Cash paid 711161253 cash paid for purchasing goods and receiving labor services——
3、 Explanation of the board of directors on the rationality of accounting policy change
The board of Directors believes that the change of accounting policy is a reasonable change of the company's accounting policy based on the question and answer of the company in accordance with the income standards issued by the Ministry of Finance on November 2, 2021. The decision-making procedures comply with relevant laws and regulations and the articles of association, and there is no damage to the interests of the company and all shareholders, especially small and medium-sized shareholders. It agrees with the change of accounting policy of the company.
4、 Concluding comments of independent directors and board of supervisors
(I) opinions of independent directors
The independent directors believe that the change of the company's accounting policy is a reasonable change and adjustment in accordance with the accounting standards for Business Enterprises No. 14 - revenue and the question and answer on the implementation of accounting standards for business enterprises issued by the Ministry of finance, in line with the provisions of relevant laws, regulations and the articles of association, in line with the overall interests of the company and shareholders, and there is no damage to the interests of the company and shareholders. We agree with the change of accounting policy.
(II) opinions of the board of supervisors
The board of supervisors believes that the change of the company's accounting policy is a reasonable change in accordance with the requirements of relevant documents of the Ministry of Finance and in line with the provisions of relevant laws, regulations and the articles of association. The implementation of the changed accounting policy can objectively and fairly reflect the company's financial status and operating results, and will not have a significant impact on the company's financial status, operating results and cash flow, Relevant decision-making procedures comply with relevant laws and regulations, the articles of association and other provisions, and there is no damage to the interests of the company and shareholders. The board of supervisors agreed to the change of the company's accounting policy.
5、 Documents for future reference
1. Guangxi Wuzhou Zhongheng Group Co.Ltd(600252) the resolution of the 37th meeting of the ninth board of directors
2. Guangxi Wuzhou Zhongheng Group Co.Ltd(600252) the resolution of the 21st Meeting of the 9th board of supervisors
3. Guangxi Wuzhou Zhongheng Group Co.Ltd(600252) independent directors' independent opinions on matters related to the 37th meeting of the ninth board of directors
It is hereby announced.
(no text below)
(there is no text on this page, which is only the seal page of Guangxi Wuzhou Zhongheng Group Co.Ltd(600252) announcement on changes in accounting policies)
Guangxi Wuzhou Zhongheng Group Co.Ltd(600252) board of directors April 18, 2022
