Securities code: Xueda (Xiamen) Education Technology Group Co.Ltd(000526) securities abbreviation: Xueda (Xiamen) Education Technology Group Co.Ltd(000526) Announcement No.: 2022035
XueDa (Xiamen) Education Technology Group Co., Ltd
Provision for impairment of assets of the company in 2021
The company and all members of the board of directors guarantee that the information disclosed is true, accurate, complete and free from falsehood
Records, misleading statements or material omissions.
1、 Overview of the provision for credit and asset impairment this time
1. Reasons for withdrawing credit and asset impairment provision this time
According to the provisions and requirements of the accounting standards for business enterprises, in order to reflect more truly and accurately as of 2021
On December 31, 2003, XueDa (Xiamen) Education Technology Group Co., Ltd. (hereinafter referred to as the "company")
Asset status and financial status: Based on the principle of prudence, the company has checked all kinds of assets and accounts receivable
Provision for impairment of receivables, other receivables and goodwill is as follows:
Unit: 10000 yuan
Accrued amount of the project in the reporting period
1、 Provision for credit impairment 327180
Including: accounts receivable - bad debt provision 228013 other accounts receivable - bad debt provision 991.67
2、 Provision for asset impairment 4529148
Provision for impairment of goodwill 4529148
Total 4856328
2. The details of the provision for credit and asset impairment are as follows:
(1) Accounts receivable:
Bad debt provision withdrawn in the current period: 228013 million yuan, and the bad debt provision reversed is million yuan, listed by category
As follows:
Unit: 10000 yuan
Changes in current period closing balance category opening balance
Withdraw or reverse write off other changes
For accounts receivable with individual provision for expected credit loss, the expected credit loss shall be withdrawn according to the combination
Accounts receivable lost 103420228013331433 total 103420228013331433
In the project of "accounts receivable - bad debt provision" accrued in the current period, due to the real estate rental of Xiamen Zhongtong, a subsidiary of the company
The house lease amount receivable from Xiamen Tonglin Property Management Co., Ltd. is calculated based on the increase of expected credit loss
The provision for impairment was 9.1388 million yuan; Shanghai Ruiju Industrial Co., Ltd. (hereinafter referred to as "Ruiju")
Poly industry) should receive equipment rent from Zhejiang Yinrun Leisure Tourism Development Co., Ltd. (hereinafter referred to as "Zhejiang Yinrun")
The provision for impairment is 136463 million yuan due to the expected increase of credit loss of lease payment. Liao Chun, a director of Zhejiang Yinrun, is the company's director
Mr. Rong's actual control, in accordance with article 6.3.3 of the Listing Rules of Shenzhen Stock Exchange,
Zhejiang Yinrun is an affiliated legal person of the listed company.
(2) Other receivables:
During the reporting period, the bad debt accrued was 9.9167 million yuan, and the bad debt reversed was 0 million yuan, which is listed as follows by category:
Unit: 10000 yuan
Phase I phase II phase III
Expected total of bad debt provision for the whole duration
Expected in the next 12 months
Credit loss (no credit loss occurred) (occurred)
Credit loss
Credit impairment)
Opening balance 0.52 - 303125303177 opening balance in current period -- --
- go to the second stage ----
- move to phase III -0.52 - 0.52-
- back to phase 2 ----
- back to phase 1 ----
Withdrawn in the current period 4.74 - 986.93 991.67 reversed in the current period ----
Current period write off ----
Phase I phase II phase III
Expected total of bad debt provision for the whole duration expected for the whole duration expected for the next 12 months
Credit loss (no credit loss occurred) (occurred)
Credit loss
Credit impairment)
Current write off ----
Other changes ----
Closing balance 4.74 - 401870402344
The company's subsidiary Xuecheng Century (Beijing) Information Technology Co., Ltd. and Beijing duogao Innovation Education Technology Co., Ltd. (hereinafter referred to as "duogao innovation") cooperated in the new college entrance examination project. Affected by the change of the special type examination policy of the new college entrance examination, the relevant business could not be carried out, resulting in the company bearing the refund of students. At the same time, the company transferred the part that should be borne by duogao innovation from the prepayment of duogao innovation to other receivables.
Due to the low solvency of duogao innovation, the company fully accrued the credit impairment loss of this other receivable according to the principle of prudence, resulting in an increase of other receivables - bad debt provision of 3.2547 million yuan in the reporting period; Beijing XueDa Information Technology Group Co., Ltd., a subsidiary of the company, receivable the house deposit and decoration money from ant education consulting (Beijing) Co., Ltd. (hereinafter referred to as "ant education"). Due to the increase of expected credit loss, the company, out of the principle of prudence, made a full provision for credit impairment loss for this other receivable, resulting in an increase of other receivables - bad debt provision of RMB 6.699 million in the reporting period.
(3) Provision for impairment of goodwill
① Basis and reasons for withdrawing goodwill impairment provision:
The goodwill in the consolidated statements of the company is mainly formed by the difference between the combination cost and the fair value share of the identifiable net assets of the combined party when acquiring 100% equity of Xueda (Xiamen) Education Technology Group Co.Ltd(000526) group and XueDa information in May 2016. On July 24, 2021, the general office of the CPC Central Committee and the general office of the State Council issued the opinions on further reducing the homework burden and after-school training burden of students in the stage of compulsory education. Since then, the competent education departments and local governments have successively issued relevant management policies. The company actively responded to national policies, quickly arranged new businesses, strictly implemented relevant regulations and requirements, and operated in accordance with laws and regulations. During the reporting period, the existing business operation strategy and business structure were adjusted in combination with the actual situation, the recoverable value of the goodwill asset group portfolio on December 31, 2021 was evaluated, and the impairment provision was withdrawn according to the evaluation results.
② Provision for impairment of Goodwill:
Original book value:
Unit: 10000 yuan
Increase in current period decrease in current period
Name of investee or goodwill
Opening balance enterprise closing balance other disposals others
And form
Xueda (Xiamen) Education Technology Group Co.Ltd(000526) group and XueDa information 1544571915445719 Wengu media 161.00 161.00 total 1546181915461819
Provision for impairment:
Increase in current period decrease in current period
The name of the investee or the formation of goodwill
Opening balance and closing balance
