Securities code: Bohai Automotive Systems Co.Ltd(600960) securities abbreviation: Bohai Automotive Systems Co.Ltd(600960) Announcement No.: 2022010
Bohai Automotive Systems Co.Ltd(600960)
Announcement on the provision for credit and asset impairment in 2021
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.
Bohai Automotive Systems Co.Ltd(600960) (hereinafter referred to as "the company") held the 10th meeting of the 8th board of directors and the 5th meeting of the 8th board of supervisors on April 22, 2022, deliberated and adopted the proposal on withdrawing provision for credit and asset impairment in 2021. The details of the company's provision for impairment in 2021 (hereinafter referred to as "the current period") are hereby announced as follows:
1、 Summary of provision for impairment in the current period
In order to more truly and accurately reflect the company's financial position as of December 31, 2021 and the operating results of 2021, according to the accounting standards for business enterprises and the company's accounting policies and other relevant provisions, the company and its subsidiaries have checked, analyzed and evaluated all kinds of assets based on the principle of prudence, and accrued impairment reserves for some assets that may have credit and asset impairment.
The details of the company's provision for credit and asset impairment in the current period are shown in the table below:
Unit: 10000 yuan
Current period change amount closing balance item opening balance withdrawal or recovery reversal or transfer to other minus foreign currency statement
Conversion of sales statement
1、 Bad debt provision 587400 633.94 357.61 2.55614779
Including: accounts receivable 527594 628.78 139.08 2.55576309
Other receivables 598.06 5.17 218.53 384.70
2、 Provision for loan impairment 488744 663.78555122
Subtotal 1076144129772 357.61 2.551169901
3、 Inventory falling price reserves 823324602366608143 60.28811519
4、 Provision for impairment of construction in progress
Subtotal 823324964263608143 60.281173416
Total 18994681094035643904 62.832343317
Securities code: Bohai Automotive Systems Co.Ltd(600960) securities abbreviation: Bohai Automotive Systems Co.Ltd(600960) Announcement No.: 2022010
2、 Specific instructions for the provision for credit and asset impairment in the current period
(I) provision for credit impairment
1. Bad debt provision for accounts receivable
In accordance with the company's accounting policies, the company conducted corresponding credit impairment tests on the accounts receivable as of December 31, 2021. In the current period, the amount of bad debt provision for accounts receivable was 6.2878 million yuan, and the amount of bad debt provision for write off was 1.3908 million yuan. In the current period, the amount of bad debt provision was reduced by 25500 Yuan due to the impact of differences in foreign currency translation statements. 2. Bad debt provision for other receivables
In accordance with the company's accounting policies, the company conducted corresponding credit impairment tests on other receivables as of December 31, 2021. The amount of bad debt reserves of other receivables reversed in the current period was 2.0853 million yuan, and the amount of bad debt reserves written off was 100000 yuan.
(II) provision for asset impairment
1. Inventory falling price reserves
According to the company's accounting policies, the company conducted corresponding impairment test on the inventory as of December 31, 2021. In the current period, the provision for inventory falling price was 602366 million yuan, 3.4610 million yuan was reversed and 573533 million yuan was written off. Due to the impact of differences in foreign currency translation statements, the provision for inventory falling price was reduced by 602800 yuan.
3. Provision for impairment of construction in progress
In accordance with the accounting standards for business enterprises and the relevant provisions of the company's accounting policies, in accordance with the principle of prudence and in combination with the actual situation of the company, the company hired Tianjian Xingye Asset Appraisal Co., Ltd. to evaluate the construction in progress of the subsidiary Hainachuan (Binzhou) lightweight auto parts Co., Ltd. and issued the corresponding evaluation report (Tianxing pingbao Zi [2022] No. 0011). The above evaluation conclusion of the company is the basis, The provision for impairment of construction in progress is 361897 million yuan.
3、 Impact of the provision for impairment in the current period on the company
The provision for impairment in the current period is included in the "credit impairment loss (loss expressed with" - ")" - 4.8792 million yuan and the "asset impairment loss (loss expressed with" - ") - 929653 million yuan, which will reduce the company's net profit attributable to shareholders of Listed Companies in the current period by -761963 million yuan.
4、 Opinions of the board of directors on the provision for impairment
The board of Directors believes that the provision for impairment in this period meets the requirements of the accounting standards for business enterprises, the articles of association and relevant accounting policies, conforms to the actual situation of the company, and fairly reflects the financial status and operating results of the company. After deliberation at the 10th meeting of the eighth board of directors, the provision for impairment in this period is agreed.
Securities code: Bohai Automotive Systems Co.Ltd(600960) securities abbreviation: Bohai Automotive Systems Co.Ltd(600960) Announcement No.: 2022010
5、 Opinions of independent directors
The independent directors believe that the company's provision for impairment in this period is based on the principle of prudence, in line with the relevant provisions of the accounting standards for business enterprises, and can truly reflect the actual situation of the company's assets. Its deliberation procedures comply with the relevant laws and regulations, normative documents and the relevant provisions of the company's articles of association, and there is no damage to the rights and interests of the company and minority shareholders.
After the provision for impairment is made, it can ensure the accuracy and integrity of the company's financial report and reflect the company's financial situation and operating results more objectively and fairly. Agree to the company's provision for impairment in the current period.
6、 Opinions of the board of supervisors
The board of supervisors believes that the provision for impairment in this period complies with the requirements of the accounting standards for business enterprises, the articles of association and relevant accounting policies, conforms to the actual situation of the company, fairly reflects the financial status and operating results of the company, and the resolution procedures of the board of directors on this matter are legal and compliant. After deliberation at the fifth meeting of the eighth board of supervisors, the provision for impairment in this period is agreed.
7、 Documents for future reference
1. Bohai Automotive Systems Co.Ltd(600960) the resolution of the 10th meeting of the 8th board of directors;
2. Bohai Automotive Systems Co.Ltd(600960) the resolution of the 5th meeting of the 8th board of supervisors;
3. Independent opinions of independent directors on matters related to the 10th meeting of the 8th board of directors.
It is hereby announced.
Bohai Automotive Systems Co.Ltd(600960) board of directors
April 23, 2022
