Securities code: Shanghai Hyp-Arch Architectural Design Consultant Co.Ltd(301024) securities abbreviation: Shanghai Hyp-Arch Architectural Design Consultant Co.Ltd(301024) Announcement No.: 2022027 Shanghai Hyp-Arch Architectural Design Consultant Co.Ltd(301024)
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.
Shanghai Hyp-Arch Architectural Design Consultant Co.Ltd(301024) (hereinafter referred to as "the company") based on the principle of prudence, evaluated and analyzed the assets within the scope of the consolidated financial statements that need to be depreciated in accordance with the Listing Rules of GEM stocks of Shenzhen Stock Exchange, accounting standards for business enterprises and relevant accounting policies of the company, and made provision for impairment of relevant assets that are expected to have impairment losses and wrote off some assets. The details are hereby announced as follows:
1、 Overview of the provision for asset impairment and write off of assets this time
(I) overview of the provision for asset impairment this time
1. Reasons for withdrawing provision for asset impairment
In accordance with the relevant provisions of the accounting standards for business enterprises and the company's accounting policies, in order to truly and accurately reflect the company's financial situation, asset value and operating results, the company has conducted a comprehensive inventory of accounts receivable, notes receivable, contract assets, other receivables, investment real estate, fixed assets, intangible assets, goodwill and other assets within the scope of the consolidated financial statements as of December 31, 2021 based on the principle of prudence, The assets with possible signs of impairment have been fully evaluated and analyzed, and the asset impairment test has been carried out. According to the results of impairment test, the company shall make provision for impairment of relevant assets that may suffer from asset impairment loss, and recognize the credit impairment loss of relevant financial assets according to the expected credit loss.
2. Scope and amount of provision for asset impairment
After the company conducted the asset impairment test on the assets that may show signs of impairment within the scope of the consolidated financial statements as of December 31, 2021, the total provision for asset impairment was 3249702027 yuan. The details are as follows: unit: Yuan
Current amount of category items
Notes receivable -63961174 credit impairment loss accounts receivable 3117633864 other accounts receivable 197159247
Asset impairment loss contract assets -1129910
Total 3249702027
(II) overview of assets written off this time
In 2021, according to the accounting standards for business enterprises and the relevant provisions of the company's accounting policies, the company plans to clean up and write off the uncollectible accounts receivable. The total amount of accounts receivable written off this time is 672837388 yuan.
2、 Description that the provision for impairment of individual assets exceeds 30% of net profit this time
Since the company's provision for impairment of individual assets of accounts receivable as of December 31, 2021 accounts for more than 30% of the absolute value of the audited net profit of the company in the latest fiscal year and the absolute amount exceeds 10 million yuan, the relevant matters of provision for bad debts of accounts receivable as of December 31, 2021 are explained as follows: unit: yuan
Asset name accounts receivable
Book value in 2021: 41067612936
Recoverable amount of assets in 2021: 41067612936
On the balance sheet date, the company measures the credit loss of accounts receivable according to the present value of the difference between the contract cash flow receivable and the expected cash flow receivable. When there is no information of expected credit loss in the calculation process method of recoverable amount of assets for individual accounts receivable, the company divides the accounts receivable into several combinations according to the characteristics of credit risk, refers to the experience of historical credit loss, combines the current situation and considers the forward-looking information, Estimated expected credit losses on a portfolio basis.
The provision for asset impairment this time is based on the accounting standards for business enterprises and relevant accounting systems of the company
Accrued amount in 2021: 3117633864
The reason for withdrawal is that the recoverable amount of the asset in the future is expected to be lower than the original book value.
3、 The recognition standard and withdrawal method of the provision for asset impairment this time
For accounts receivable, notes receivable, contract assets and other receivables, regardless of whether they contain significant financing components or not, the company always measures its loss reserves according to the amount equivalent to the expected credit loss in the whole duration. The increased or reversed amount of the loss reserves thus formed shall be included in the current profits and losses as impairment losses or gains.
When the information of expected credit loss cannot be evaluated by a single asset at a reasonable cost, the company divides notes receivable, accounts receivable, contract assets and other receivables into several combinations according to the characteristics of credit risk, and calculates the expected credit loss on the basis of the combination.
Method of withdrawing bad debt reserves according to the combination of credit risk characteristics
If there is no impairment in the combination of consolidated related parties at the end of the period, the bad debt provision will not be withdrawn
Aging combination aging analysis method
If there is no impairment in the separate test of margin portfolio at the end of the period, no bad debt provision shall be withdrawn
If the employee's temporary loan portfolio is not impaired through independent test at the end of the period, the bad debt provision will not be withdrawn
In the portfolio, the bad debt provision is withdrawn by aging analysis method:
Provision proportion of aging notes receivable, accounts receivable and other receivables (%)
Withdrawing proportion of the same assets (%)
Within 1 year (including 1 year) 5
1-2 years 10
2-3 years 50
3-4 years 100
4-5 years 100
More than 5 years 100
If there is objective evidence indicating that an asset has been impaired, the company shall withdraw the impairment provision for the asset on a single basis.
2. Basis and method of goodwill impairment
The book value of goodwill formed by business combination shall be apportioned to relevant asset groups according to reasonable methods from the date of purchase; If it is difficult to allocate to the relevant asset group, it shall be allocated to the relevant asset group portfolio. Related asset groups or asset group combinations are asset groups or asset group combinations that can benefit from the synergy of business combination.
When conducting the impairment test on the relevant asset group or combination of asset groups containing goodwill, if there are signs of impairment in the asset group or combination of asset groups related to goodwill, first conduct the impairment test on the asset group or combination of asset groups not containing goodwill, calculate the recoverable amount, and compare it with the relevant book value to confirm the corresponding impairment loss. Then carry out impairment test on the asset group or combination of asset groups containing goodwill and compare its book value with the recoverable amount. If the recoverable amount is lower than the book value, the amount of impairment loss shall first offset the book value of goodwill allocated to the asset group or combination of asset groups, and then according to the proportion of the book value of other assets in the asset group or combination of asset groups except goodwill, Deduct the book value of other assets in proportion.
4、 Explanation of the rationality of the provision for asset impairment and write off of assets and its impact on the company
The company's current provision for asset impairment is 3249702027 yuan, and the written off assets are 672837388 yuan. The current provision for asset impairment and write off assets will reduce the company's total profit in 2021 by 3249702027 yuan.
The provision for asset impairment and write off assets have been audited by Lixin Certified Public Accountants (special general partnership).
The company's provision for asset impairment and write off of assets in 2021 comply with the relevant provisions of the accounting standards for business enterprises and the company's accounting policies, reflect the principle of accounting prudence and conform to the actual situation of the company. The provision for asset impairment and write off of assets can fairly reflect the company's asset status and operating results, making the company's accounting information more reasonable.
5、 Review procedures performed by the company
(I) deliberations of the board of directors
The third meeting of the third board of directors of the company deliberated and approved the proposal on the provision for asset impairment and write off of assets in 2021. The board of Directors believes that the company's provision for asset impairment and write off of assets comply with the provisions of the accounting standards for business enterprises and relevant accounting policies of the company, reflect the principle of accounting prudence and conform to the actual situation of the company. After the provision for asset impairment and write off of assets this time, it can fairly reflect the company's asset status and operating results, so as to make the company's accounting information more reasonable. The board of directors of the company agreed to withdraw the provision for asset impairment and write off assets.
The third meeting of the third board of supervisors of the company deliberated and approved the proposal on the provision for asset impairment and write off of assets in 2021. After deliberation, the board of supervisors held that: the company's provision for asset impairment and write off of assets comply with the provisions of the accounting standards for business enterprises and relevant accounting policies of the company, and more accurately and fairly reflect the company's financial status and operating results. The decision-making procedures for the provision for asset impairment and write off of assets are legal and compliant, and there is no situation damaging the interests of the company and shareholders. The board of supervisors agreed to withdraw the provision for asset impairment and write off assets.
6、 Documents for future reference
Resolutions of the third meeting of the third board of directors of the company;
Resolution of the third meeting of the third board of supervisors of the company.
It is hereby announced.
Shanghai Hyp-Arch Architectural Design Consultant Co.Ltd(301024) board of directors
April 25, 2002
