Securities code: Shenzhen Jame Technology Corp.Ltd(300868) securities abbreviation: Shenzhen Jame Technology Corp.Ltd(300868) Announcement No.: 2022038 Shenzhen Jame Technology Corp.Ltd(300868)
Announcement on the provision of credit impairment loss and asset impairment loss in 2021
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and are liable for false records, misleading statements or major omissions in the announcement.
Shenzhen Jame Technology Corp.Ltd(300868) (hereinafter referred to as "the company") conducted impairment test on the company's assets based on the principle of prudence in accordance with the self regulatory guidelines for companies listed on the gem of Shenzhen Stock Exchange No. 1 - business handling, self regulatory guidelines for companies listed on the gem of Shenzhen Stock Exchange No. 2 - standardized operation of companies listed on the gem, and the company's accounting policies. Taking December 31, 2021 as the base date, credit impairment losses and asset impairment losses are accrued for relevant assets within the scope of the consolidated financial statements of the financial report of 2021. The details of the provision for impairment losses are announced as follows:
1、 Summary of credit impairment loss and asset impairment loss accrued this time
(I) reasons for withdrawing impairment loss
According to the accounting standards for business enterprises and other relevant provisions, in order to objectively reflect the company's financial situation and asset value, the company conducted a comprehensive inventory and asset impairment test on the assets with signs of impairment on December 31, 2021, and considered that some assets had certain signs of impairment loss. Based on the principle of prudence, the company accrued corresponding impairment reserves for the assets with possible signs of impairment.
(II) scope and total amount of impairment loss
After the comprehensive verification and impairment test of assets with possible signs of impairment within the scope of the company's consolidated statements as of December 31, 2021, such as accounts receivable, notes receivable, other receivables and inventory, the company plans to withdraw a total of 1084946632 yuan of credit and asset impairment loss in 2021, including 111215152 yuan of credit impairment loss and 97373148 yuan of asset impairment loss. The details are as follows:
Amount of impairment loss accrued in 2021 (yuan)
1、 Credit impairment loss (loss expressed with "-") - 111215152
Including: bad debt provision for notes receivable -17526578
Bad debt provision for accounts receivable -69598822
Amount of impairment loss accrued in 2021 (yuan)
Bad debt provision for other receivables -24089752
2、 Asset impairment loss (loss expressed with "-") - 973731480
Including: inventory falling price reserves -973731480
Total -1084946632
2、 Recognition standard and withdrawal method of credit impairment loss and asset impairment loss withdrawn this time
(I) credit impairment loss
According to the accounting policies and accounting estimates implemented by the company, on the balance sheet date, for accounts receivable, whether or not it contains significant financing components, the company always measures its loss reserves according to the amount equivalent to the expected credit loss in the whole duration. The increase or reversal amount of the loss reserves thus formed is included in the current profit and loss as impairment loss or gain. If there is objective evidence indicating that a certain account receivable has suffered credit impairment, the company shall withdraw bad debt provision for the account receivable and recognize the expected credit loss. When a single financial asset cannot evaluate the information of expected credit loss at a reasonable cost, the company divides the accounts receivable portfolio according to the characteristics of credit risk, and calculates the expected credit loss on the basis of the portfolio. The company will combine the accounts receivable divided into risk portfolio according to the aging of similar credit risk characteristics, refer to the experience of historical credit loss, combined with the current situation and the prediction of future economic conditions, prepare the comparison table between the aging of accounts receivable and the expected credit loss rate for the whole duration, and calculate the expected credit loss.
(II) asset impairment loss
According to the accounting policies and accounting estimates implemented by the company, on the balance sheet date, for commodity inventories such as goods in stock and materials for sale, the inventory falling price reserves are withdrawn according to the difference between the net realizable value and the book cost of a single inventory item. If the goods in stock and materials for sale are directly used for sale, the net realizable value shall be determined by the amount of the estimated selling price of the inventory minus the estimated selling expenses and relevant taxes; For the inventory of materials to be processed, the net realizable value shall be determined by the estimated selling price of the finished products minus the estimated cost to be incurred at the time of completion, estimated selling expenses and relevant taxes; At the end of each year's interim period and the end of the year, the company valuates according to the lower of inventory cost and net realizable value, calculates the estimated loss with allowance method, withdraws the inventory falling price reserves and records them into the current profit and loss.
The company checks fixed assets, construction in progress, intangible assets with limited service life and other items on each balance sheet date. When there are the following signs, it indicates that the assets may be impaired, and the company will conduct impairment test. For intangible assets with uncertain service life, whether there are signs of impairment or not, impairment test shall be carried out at the end of each year. If it is difficult to test the recoverable amount of a single asset, the test shall be based on the asset group or combination of asset groups to which the asset belongs. After the impairment test, if the book value of the asset exceeds its recoverable amount, the difference is recognized as impairment loss. Once the impairment loss of the above assets is recognized, it will not be reversed in subsequent accounting periods. The recoverable amount of an asset refers to the higher one between the net amount of the fair value of the asset minus the disposal expenses and the present value of the expected future cash flow of the asset.
Signs of impairment are as follows:
1. The market price of assets has fallen sharply in the current period, and the decline is significantly higher than the expected decline due to the passage of time or normal use;
2. The economic, technical or legal environment in which the enterprise operates and the market in which the assets are located will undergo significant changes in the current period or in the near future, which will have an adverse impact on the enterprise;
3. The market interest rate or other market investment return rate has increased in the current period, which affects the discount rate of the enterprise in calculating the present value of the expected future cash flow of the asset, resulting in a significant reduction in the recoverable amount of the asset;
4. There is evidence that the asset has become obsolete or its entity has been damaged;
5. Assets have been or will be idle, terminated or planned to be disposed of in advance;
6. The evidence in the internal report of the enterprise indicates that the economic performance of the assets has been or will be lower than the expectation, such as the net cash flow created by the assets or the operating profit (or loss) realized is far lower (or higher) than the expected amount; Other signs indicating that the assets may have been impaired.
3、 The impact of credit impairment loss and asset impairment loss accrued this time on the company
The total amount of credit impairment loss and asset impairment loss accrued by the company in 2021 was 1084946632 yuan, which was included in the profit and loss of the company in 2021, resulting in a decrease of 1084946632 yuan in the total profit of the company's consolidated statements in 2021. The asset impairment loss and credit impairment loss accrued this time have been audited and confirmed by Daxin Certified Public Accountants (special general partnership).
4、 Explanation of the reasonableness of the current provision for credit impairment loss and asset impairment loss
The provision of credit impairment loss and asset impairment loss of the company this time complies with the provisions of the accounting standards for business enterprises and relevant accounting policies of the company, practices the principle of accounting prudence, objectively and fairly reflects the financial status and annual operating results of the company at the end of 2021, and there is no behavior detrimental to the interests of the company and shareholders.
It is hereby announced.
Shenzhen Jame Technology Corp.Ltd(300868) board of directors
April 19, 2022
