Securities code: Shenzhen Fountain Corporation(000005) Securities abbreviation: St Xingyuan Announcement No.: 2022016
Shenzhen Fountain Corporation(000005)
Announcement on correction of previous accounting errors
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.
The 11th board of directors of the company held a meeting on April 25, 2022. There were 14 directors who should attend the meeting and 14 actual directors, including 5 independent directors and 5 supervisors. The directors present at the meeting deliberated and passed the following resolutions on the correction of accounting errors:
In accordance with the accounting standards for Business Enterprises No. 28 - changes in accounting policies and accounting estimates and correction of errors and the rules for the preparation of information disclosure of companies offering securities to the public No. 19 - correction and related disclosure of financial information issued by the CSRC, the board of directors, after deliberation and adoption, agreed to correct the following errors in the previous period, The matter has been audited by China Audit Asia Pacific Certified Public Accountants (for details, please refer to the "explanation on the correction of errors in the early stage of Shenzhen Fountain Corporation(000005) 2021 financial statements" issued by China Audit Asia Pacific Certified Public Accountants on the same day of this announcement).
1、 Causes and treatment of accounting errors:
(1) Shenzhen Century Xingyuan Property Development Co., Ltd., a subsidiary of the company, reported accounts receivable on December 31, 2020 - Hunan Tianjing Mingyuan Real Estate Co., Ltd., with an original value of 1088393438 yuan and a bad debt provision of 115988055 yuan. Hunan Tianjing Mingyuan Real Estate Co., Ltd. has repaid 879881070 yuan in December 2020, which is collected by Shenzhen East Coast Industrial Development Co., Ltd. and can offset the current debt of the company to Shenzhen East Coast Industrial Development Co., Ltd. the company has not made accounting treatment for this business. To correct this error, reduce the opening accounts receivable - the original value of Hunan Tianjing Mingyuan Real Estate Co., Ltd. by 879881070 yuan, and reduce the opening other accounts payable - Shenzhen East Coast Industrial Development Co., Ltd. by 879881070 yuan; The bad debt provision of accounts receivable at the beginning of the period was reduced by 105435309 yuan, the undistributed profit at the beginning of the period was increased by 105435309 yuan, and the credit impairment loss in 2020 was increased by 105435309 yuan.
(2) Shenzhen Century Xingyuan Property Development Co., Ltd., a subsidiary of the company, Holds 36% of the equity of the associated enterprise Shenzhen Zhonghuan Xingyuan Real Estate Development Co., Ltd. and adopts the equity method for accounting. For other equity changes of Shenzhen Zhonghuan Xingyuan Real Estate Development Co., Ltd. -2046331081 yuan in 2018, the equity method is not calculated according to the shareholding ratio. This error was corrected by reducing the opening long-term equity investment by 736679189 yuan and the opening capital reserve by 736679189 yuan.
(3) Shenzhen Century Xingyuan Property Development Co., Ltd., a subsidiary of the company, has a contract liability of 557739000 yuan for Shenzhen Jinju fire electromechanical Co., Ltd. on December 31, 2020. The nature of the payment is not advance collection, but current accounts payable to Shenzhen East Coast Industrial Development Co., Ltd. This error was corrected by reducing the opening contract liabilities by 557739000 yuan and increasing the opening other payables - Shenzhen East Coast Industrial Development Co., Ltd. by 557739000 yuan.
(4) Shenzhen smart space Property Management Service Co., Ltd., a subsidiary of the company, reported a short-term loan of 19.5 million yuan on December 31, 2020. This loan is a loan from Shenzhen Lanhai village bank with a term of 3 years and a maturity date of 2023. According to the contract, 1 million yuan shall be repaid in 2021 and 2022 respectively. This error was corrected by reducing the opening short-term loan of 19.5 million.00 yuan, increasing the opening long-term loan of 18.5 million.00 yuan, and increasing the non current liability of 100000000 yuan within one year.
(5) Shenzhen smart space Property Management Service Co., Ltd., a subsidiary of the company, reported an advance payment of 941821107 yuan to Shenzhen Hezhong Architectural Decoration Engineering Co., Ltd. on December 31, 2020. The nature of the payment is not an advance payment, but a current payment, which should be reported in other receivables. This error was corrected by reducing the opening prepayment by 941821107 yuan, increasing the opening other receivables by 941821107 yuan, increasing the opening other receivables bad debt provision by 47091055 yuan, and reducing the period undistributed profit by 47091055 yuan (reducing the credit impairment loss in 2020 by 47091055 yuan).
2、 When preparing the financial statements for 2021, the retrospective restatement method is used to correct the opening amount of the consolidated balance sheet and the comparable data of the consolidated income statement in the same period of the previous year, and its impact on the financial situation on January 1, 2021 and the operating results in 2020 is as follows:
Financial status of the project on January 1, 2021
Amount before adjustment amount after adjustment
Accounts receivable 32516966992 -77444576131742521231 prepayment 3800927448 -9418211072859106341 other accounts receivable 373763074548947 Beijing Global Safety Technology Co.Ltd(300523) 8271037506 total current assets 136856779225 -821536816136035242409 long-term equity investment 47977764659 -7366, 791.8947241085470 total non current assets 109980967131 -736679189109244287942 total assets 246837746356 -1558216005245279530351 short term loans Shanghai Hajime Advanced Material Technology Co.Ltd(301000) 00000 -19500 China Vanke Co.Ltd(000002) 8150000000 contract liabilities 1774556192 -5577390 Hunan Hualian China Industry Co.Ltd(001216) 817192 other payables 22862229368 -32214207022540087298 non current assets due within one year
Liabilities 4743089831000 Shenzhen Fountain Corporation(000005) 74308983 total current liabilities 112660352210 -2729881070109930471140 long term loans 7000 Ping An Bank Co.Ltd(000001) 8500 China Vanke Co.Ltd(000002) 550000000 total non current liabilities 90707504018500 China Vanke Co.Ltd(000002) 757075040 total liabilities 113567427250 -8798 , 810.70112687546180 capital reserve 688 Beijing Science Sun Pharmaceutical Co.Ltd(300485) 68 -73667918968093369379 undistributed profit -5314778412258344254 -53089439868 total equity attributable to shareholders of the parent company 123994401990 -678334935123316067055
Total liabilities and shareholders' equity 246837746356 -1558216005245279530351
Operating results of the project in 2020
Amount before adjustment amount after adjustment
Credit impairment loss (loss -678089876358344254 -6722554509 expressed with "-")
Operating profit (loss expressed with "-" 3854090880558344254 - 38482564551)
Total profit (total loss -3854114981758344254 -38482805563 expressed with "-")
Net profit (net loss expressed with "-" 38679616083, 58344254 - 38621271829) attributable to shareholders of the parent company
Net profit (net loss expressed with "-" 38746653661, 58344254 - 38 Niutech Environment Technology Corporation(688309) 407)
Total comprehensive income attributable to shareholders of the parent company -4103669530958344254 -40978351055
3、 The impact of accounting error correction on financial indicators in 2020:
2020
Before adjustment after adjustment
Basic earnings per share (yuan / share) -0.366 -0.365
Diluted earnings per share (yuan / share) -0.366 -0.365
Weighted average return on net assets (%) - 26.81 -26.77
Net cash flow from operating activities per share (yuan / share) 0.11 0.11
End of 2020
Before adjustment after adjustment
Net assets per share attributable to shareholders of listed companies (yuan / share) 1.171 0.165
4、 The impact of accounting error correction on the cash flow statement in 2020:
It has no impact on the cash flow statement.
5、 The impact of accounting error correction on the financial statements of the parent company:
It has no impact on the financial statements of the parent company.
6、 Notes of the board of directors, board of supervisors and independent directors of the company on the correction of accounting errors
In the opinion of the board of auditors, the company's disclosure of relevant information in the previous year is more in line with the actual operating conditions of the company, so that the company can make corrections to the actual operating conditions of the company according to the requirements of the board of auditors.
The independent directors of the company believe that the correction of accounting errors meets the requirements of the accounting standards for business enterprises - changes in accounting policies, accounting estimates and error correction, and the accounting treatment of accounting errors also meets the relevant financial regulations, which objectively and independently reflects the financial situation of the company. The deliberation and voting procedures of the board of directors on the adjustment comply with laws, regulations and public regulations
