Stock Code: Shenzhen Coship Electronics Co.Ltd(002052) stock abbreviation: St TongZhou Announcement No.: 2022017 Shenzhen Coship Electronics Co.Ltd(002052)
Announcement on the provision for asset impairment and write off of assets in 2021
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.
Shenzhen Coship Electronics Co.Ltd(002052) (hereinafter referred to as "the company"), the 9th meeting of the 6th board of directors and the 8th meeting of the 6th board of supervisors deliberated and adopted the proposal on the provision for asset impairment and write off of assets in 2021. The company's provision for asset impairment and write off of assets in 2021 are as follows: I. overview of the provision for asset impairment and write off of assets this time
In accordance with the relevant provisions of the accounting standards for business enterprises and the company's accounting policies, the company organized personnel to conduct a comprehensive inventory of various inventories, accounts receivable, fixed assets, intangible assets, long-term equity investment, other non current financial assets and other assets of the company and its subsidiaries, and fully analyzed and evaluated the realizable value of various inventories, the possibility of recovery of accounts receivable, the variability of fixed assets and other assets, For the assets with signs of impairment loss in the above assets, it is proposed to withdraw a total of 2452978221 yuan of asset impairment reserves, including 586509408 yuan of bad debt reserves, 1354994081 yuan of inventory falling price reserves, 463687122 yuan of fixed asset impairment reserves and 47787610 yuan of value reduction reserves of construction in progress. The total assets to be written off is 3907922954 yuan, including 1006046063 yuan of accounts receivable, 803507386 yuan of inventory, 2065815277 yuan of fixed assets and 32554228 yuan of intangible assets.
2、 The impact of the provision for asset impairment and write off of assets on the company
(I) the impact of the provision for asset impairment on the company
The provision for asset impairment in the reporting period affected the net profit of the company in 2021 by 2452978221 yuan.
(2) Impact of assets written off this time on the company
The accounts receivable written off in the reporting period is 1006046063 yuan, and the company has withdrawn bad debt reserves in previous years
740731689 yuan, and the net profit of the company in 2021 decreased by 265743374 yuan. The inventory written off in the reporting period is 803507386 yuan, and the company has withdrawn all the falling price in previous years. This write off has no impact on the current profit and loss of the company.
The write off of fixed assets in the reporting period affected the net profit of 2021 by 267656538 yuan.
The write off of intangible assets in the reporting period affected the net profit of 2021 by 252137 yuan.
3、 Details of the provision for asset impairment and write off of assets this time
(I) details of the provision for asset impairment this time
1. Description of bad debt provision
During the reporting period, the company accrued bad debt reserves of 586509408 yuan. The company's accounts for withdrawing bad debt reserves include notes receivable, accounts receivable, other receivables and long-term receivables. The company always measures the loss reserves of all receivables, whether they contain significant financing components or not, according to the amount equivalent to the expected credit loss in the whole duration. For receivables with the same aging and similar credit risk characteristics, refer to the historical credit loss experience, combined with the current situation and the prediction of future economic conditions, prepare the comparison table between the aging of receivables and the expected credit loss rate for the whole duration, and calculate the expected credit loss. If there is objective evidence that a certain receivable has suffered credit impairment, the bad debt provision shall be made for the receivable individually and the expected credit loss shall be recognized.
2. Description of provision for inventory falling price
During the reporting period, the company accrued inventory falling price reserves of 1354994081 yuan. At the end of the mid-term and the end of each year, on the basis of a comprehensive inventory of inventories, the company measures the inventories that suffer losses, are all or part obsolete or the sales price is lower than the cost according to the lower of the inventory cost and the net realizable value. The inventory falling price reserves are accrued according to the difference between the net realizable value of a single inventory item and the inventory cost of similar inventory items, and included in the current profit and loss.
(II) details of the assets written off this time
1. Description of bad debt write off
The accounts receivable written off during the reporting period was 963700864 yuan and other accounts receivable written off was 42345199 yuan. The main reasons for the formation of bad debts are: the account age is long, the company still fails to collect through various channels, and the court's bankruptcy liquidation or litigation judgment shows that it is indeed impossible to recover, so the above funds are written off.
2. Description of inventory write off
During the reporting period, the inventory with long storage age and backward technology was disposed of, totaling 803507386 yuan, including 803507386 yuan of inventory falling price reserves.
3. Description of write off of fixed assets
During the reporting period, some fixed assets that are aging, inefficient, have exceeded their service life and cannot be used normally were scrapped. The original value is 2065815277 yuan in total, including 1599216099 yuan of depreciation withdrawn, 800 yuan of impairment withdrawn, 217484786 yuan of residual value recovered and 249034392 yuan of net loss.
4. Description of write off of intangible assets
During the reporting period, some obsolete software was scrapped. The original value is 32554228 yuan in total, including 32302091 yuan amortized and 252137 yuan net loss.
4、 Approval procedures for withdrawing asset impairment reserves and writing off assets this time
The provision for impairment of assets and write off of assets have been deliberated and approved at the third meeting of the audit committee of the board of directors in 2022, the ninth meeting of the sixth board of directors and the eighth meeting of the sixth board of supervisors.
5、 Opinions of the board of directors, the board of supervisors and independent directors on the matter
(I) review opinions of the board of directors
The board of Directors believes that the company's provision for asset impairment and write off of assets this time comply with the provisions of relevant accounting policies such as the accounting standards for business enterprises and the actual situation of the company's assets. The provision for asset impairment and write off of assets can more fairly reflect the company's financial situation and operating results, and agree with the company's provision for asset impairment and write off of assets.
(II) review opinions of the board of supervisors
The board of supervisors considered that the company's provision for asset impairment and write off of assets met the provisions of relevant accounting policies such as the accounting standards for business enterprises and the actual situation of the company's assets, and the review procedures were legal, compliant and based on sufficient basis. After the provision for asset impairment and write off of assets this time can more fairly reflect the company's financial situation and operating results, and it is agreed that the company's provision for asset impairment and write off of assets this time.
(III) audit opinions of independent directors
The independent directors believe that the company's provision for asset impairment and write off of assets are based on sufficient basis, has fulfilled the corresponding approval procedures, and complies with the provisions of the accounting standards for business enterprises and relevant accounting policies of the company. After the company's provision for asset impairment and write off of assets, it can more fairly reflect the company's asset status and operating results, and make the company's accounting information about asset value more authentic, reliable and reasonable, There is no situation that damages the interests of the company and all shareholders, especially the interests of minority shareholders. The independent directors agree with the company's provision for asset impairment and write off of assets.
6、 Documents for future reference
1. Resolutions of the 9th meeting of the 6th board of directors;
2. Resolutions of the 8th meeting of the 6th board of supervisors;
3. Independent opinions of independent directors on matters related to the ninth meeting of the sixth board of directors;
4. Resolution of the third meeting of the audit committee of the board of directors in 2022.
It is hereby announced.
Shenzhen Coship Electronics Co.Ltd(002052) board of directors April 20, 2022
