Securities code: Shenzhen Fountain Corporation(000005) securities abbreviation: St Xingyuan Announcement No.: 2022015
Shenzhen Fountain Corporation(000005)
Announcement on the provision for asset impairment
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 Fountain Corporation(000005) (hereinafter referred to as "the company") deliberated and adopted the proposal on the provision for asset impairment in 2021 at the 7th Meeting of the 11th board of directors, and the relevant information is hereby announced as follows:
1、 Provision for asset impairment this time
In accordance with the relevant provisions of the accounting standards for business enterprises and the company's accounting policies, in order to truly and fairly reflect the company's financial position as of December 31, 2021 and the operating results of 2021, the company accrues asset impairment losses from the value impairment of various assets as of December 31, 2021. In 2021, the company made a total of 9632278802 yuan of asset impairment losses, as follows:
Name of impairment items in 2021
Credit impairment loss 6743851329 yuan
Inventory falling price loss: 1440078635 yuan
Goodwill impairment loss 13 Shenzhen Genvict Technologies Co.Ltd(002869) 00 yuan
The impairment loss of contract assets is 148061938 yuan
Total 9632278802 yuan
2、 Basis and description of the provision for asset impairment this time
According to the provisions of the accounting standards for Business Enterprises No. 8 - asset impairment, an impairment test shall be conducted on the assets with signs of impairment. If the impairment test results show that the recoverable amount of the assets is lower than the book value, the book value of the assets shall be written down to the recoverable amount.
1. Credit impairment loss
The provision for credit impairment loss in the current period is 6743851329 yuan.
2. Inventory falling price loss
The provision for inventory falling price in the current period is 1440078635 yuan.
3. Provision for impairment loss of goodwill
The company entrusts Beijing Yachao Assets Appraisal Co., Ltd. to evaluate the recoverable amount of the asset group related to Bosch China's goodwill. According to the evaluation results of Beijing Yachao Ping Bao Zi (2022) No. A120 evaluation report issued by Beijing Yachao Assets Appraisal Co., Ltd., an impairment loss of 13 Shenzhen Genvict Technologies Co.Ltd(002869) 00 yuan is accrued for this asset this year.
4. Impairment loss of contract assets
The impairment loss of contract assets accrued in the current period is 148061938 yuan.
3、 The impact of the current provision for asset impairment on the company
The provision for asset impairment withdrawn this time reduced the net profit attributable to the parent company by 9632278802 yuan in 2021.
4、 Opinions of the board of supervisors and the audit committee
1. The 7th Meeting of the 11th board of supervisors of the company deliberated and approved the proposal on the provision for asset impairment in 2021.
2. Opinion of the Audit Committee: in accordance with the accounting standards for business enterprises and the relevant accounting policies of the company, the provision for asset impairment this time fairly reflects the assets of the company and makes the information about asset value of the company more authentic, reliable and reasonable.
It is hereby announced.
Shenzhen Fountain Corporation(000005) board of directors
April 27, 2022
