Securities code: Tongyu Communication Inc(002792) securities abbreviation: Tongyu Communication Inc(002792) Announcement No.: 2022024 Tongyu Communication Inc(002792)
Announcement on changes in accounting policies
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and are liable for false records, misleading statements or major omissions in the announcement.
Tongyu Communication Inc(002792) (hereinafter referred to as "the company") held the 14th meeting of the 4th board of directors and the 13th meeting of the 4th board of supervisors on April 27, 2022, and deliberated and adopted the proposal on changing accounting policies. This change of accounting policies does not need to be submitted to the general meeting of shareholders for deliberation. The specific situation is hereby announced as follows:
1、 Overview of this accounting policy change
(I) reasons for changes in accounting policies
The Ministry of Finance (hereinafter referred to as the "interpretation of the accounting standards for enterprises on the status of R & D or management of products in use" No. 35 issued on December 31, 2021) and the "interpretation of the accounting standards for enterprises on the status of R & D or management of products in use" (hereinafter referred to as the "interpretation of the accounting standards for enterprises before December 31, 2021)". In response to the requirements of the above interpretation, the company will implement the provisions from December 31, 2021. If the company's financial statements are not presented in accordance with the relevant provisions of "relevant presentation of centralized fund management" before the issuance of Interpretation No. 15, the company will adjust the financial statement data of comparable periods in accordance with the provisions. The interpretation of "accounting treatment for the external sales of products or by-products produced before the fixed assets reach the expected usable state or in the process of R & D" and "judgment on loss contracts" shall be implemented as of January 1, 2022.
(II) accounting policies adopted before change
Before the change of accounting policy, the company implemented the accounting standards for business enterprises - basic standards, various specific accounting standards, application guidelines of accounting standards for business enterprises, interpretation announcement of accounting standards for business enterprises and other relevant regulations issued by the Ministry of finance.
(III) accounting policies adopted after change
The company will implement the Interpretation No. 15 issued by the Ministry of Finance on December 31, 2021. In addition to the above changes in accounting policies, the company still implements other unchanged parts in accordance with the accounting standards for business enterprises - basic standards, various specific accounting standards, application guidelines of accounting standards for business enterprises, interpretation announcement of accounting standards for business enterprises and other relevant regulations issued by the Ministry of Finance in the early stage.
(IV) date of this accounting change
The company has implemented the provisions of Interpretation No. 15 since December 31, 2021. If the company's financial statements are not presented in accordance with the relevant provisions of "relevant presentation of centralized fund management" before the issuance of the interpretation, the company will adjust the data of financial statements in comparable periods in accordance with the provisions. The interpretation of "accounting treatment for the external sales of products or by-products produced before the fixed assets reach the expected usable state or in the process of R & D" and "judgment on loss contracts" shall be implemented as of January 1, 2022.
(V) change procedure
The company held the 14th meeting of the 4th board of directors and the 13th meeting of the 4th board of supervisors on April 27, 2022, and deliberated and adopted the proposal on changing accounting policies. According to the relevant provisions of Shenzhen Stock Exchange Stock Listing Rules (revised in 2022), Shenzhen Stock Exchange self regulatory guidelines for listed companies No. 1 - standardized operation of listed companies on the main board and other relevant provisions, the change of the company's accounting policy is reviewed by the board of directors and the board of supervisors, and does not need to be submitted to the general meeting of shareholders for review.
2、 Specific contents of this accounting policy change
Interpretation No. 15 specifies the accounting treatment related to the external sales of products or by-products (hereinafter referred to as trial operation sales) before the fixed assets reach the expected usable state or during the research and development process, mainly including the following contents:
(I) for trial operation sales, the revenue and cost related to trial operation sales shall be accounted for separately in accordance with the accounting standards for Business Enterprises No. 14 - revenue, accounting standards for Business Enterprises No. 1 - inventory and other provisions, and shall be included in the current profit and loss. The net amount of the revenue related to trial operation sales after offsetting the relevant costs shall not be used to offset the cost of fixed assets or R & D expenses.
(II) the relevant products or by-products produced from the trial run shall be recognized as inventories if they meet the provisions of the accounting standards for Business Enterprises No. 1 - inventories before being sold to the outside world, and shall be recognized as relevant assets if they meet the relevant asset recognition conditions in other relevant accounting standards for business enterprises.
(III) the expenses incurred for testing whether the fixed assets can operate normally belong to the necessary expenses before the fixed assets reach the expected usable state, and shall be included in the cost of the fixed assets in accordance with the relevant provisions of the accounting standards for Business Enterprises No. 4 - fixed assets.
(IV) the enterprise shall, in accordance with the accounting standards for Business Enterprises No. 1 - inventory, accounting standards for Business Enterprises No. 14 - revenue, accounting standards for Business Enterprises No. 30 - presentation of financial statements and other provisions, judge whether the trial operation sales belong to the daily activities of the enterprise, and list the relevant income and costs of the trial operation sales in the financial statements respectively in terms of daily activities and non daily activities. If they belong to daily activities, Listed in the items of "operating income" and "operating cost", and those belonging to non daily activities are listed in the items of "income from asset disposal". At the same time, the enterprise shall separately disclose the relevant income and cost amount of trial operation sales, the specific reporting items and the important accounting estimates used in determining the relevant costs of trial operation sales in the notes.
(V) according to the provisions on the connection between the old and the new, the enterprise shall make retroactive adjustment in accordance with the provisions of this interpretation for the trial operation sales between the beginning of the earliest period for the presentation of the financial statements for the first time to the implementation date of this interpretation; If the retroactive adjustment is not feasible, the enterprise shall apply the provisions of this interpretation from the beginning of the earliest period of retroactive adjustment, and disclose the specific reasons for the failure of retroactive adjustment in the notes.
3、 Impact of this accounting policy change on the company
The implementation of the provisions of Interpretation No. 15 on the presentation of centralized fund management has no impact on the consolidated financial statements of the company. According to the Interpretation No. 15, the company, in combination with the actual situation of trial operation sales, calculates and processes the relevant income and costs of the qualified trial operation sales in accordance with the accounting standards for Business Enterprises No. 14 - revenue and accounting standards for Business Enterprises No. 1 - inventory, and records them into the current profit and loss. Before the relevant products or by-products produced by the trial operation are sold, those that meet the provisions of the accounting standards for Business Enterprises No. 1 - inventory are recognized as inventory, and those that meet the relevant asset recognition conditions in other relevant accounting standards for business enterprises are recognized as relevant assets. The company has implemented the relevant provisions of Interpretation No. 15 since January 1, 2022. According to the provisions on the connection between the old and the new, the company makes retroactive adjustment in accordance with the provisions of this interpretation for the trial operation sales between the beginning of the earliest period for the presentation of the financial statements for the first time and the implementation date of this interpretation, which has no significant impact on the company's financial statements.
4、 Explanation of the board of directors on the rationality of accounting policy change
The board of directors of the company believes that the change of the company's accounting policies is carried out in accordance with the relevant documents of the Ministry of Finance and in line with the provisions of relevant laws, regulations and accounting standards for business enterprises. The changed accounting policies can objectively and fairly reflect the company's financial status and operating results, and will not have a significant impact on the company's financial status, operating results and cash flow. There is no damage to the interests of the company and minority shareholders. The board of directors agreed to the accounting policy change of the company.
5、 Opinions of the board of supervisors on the change of accounting policies
This accounting policy change is a reasonable change made by the company in accordance with the requirements of accounting standards and other documents revised and issued by the Ministry of finance, and the relevant decision-making procedures comply with relevant laws and regulations and the articles of association. This accounting policy change will not have a significant impact on the company's financial situation, operating results and cash flow, and there is no situation that damages the interests of the company and shareholders, especially the interests of minority shareholders. The board of supervisors agreed to the change of the company's accounting policy.
6、 Opinions of independent directors on the change of accounting policies
The independent directors of the company believe that the Interpretation No. 15 issued by the Ministry of Finance on December 31, 2021 stipulates the accounting treatment of the external sales of products or by-products produced before the fixed assets reach the expected usable state or in the process of research and development, the presentation of centralized fund management and the judgment of loss contracts. According to the above requirements, the corresponding changes of the company's accounting policies comply with the relevant regulations of the Ministry of finance, China Securities Regulatory Commission and Shenzhen Stock Exchange and the actual situation of the company, and will not have a significant impact on the company's financial status, operating results and cash flow in the current period and before the change of accounting policies, and there is no damage to the interests of the company and shareholders. Therefore, we agree to the change of the company's accounting policies.
7、 Documents for future reference
1. Resolutions of the 14th meeting of the 4th board of directors of the company;
2. Resolutions of the 13th meeting of the 4th board of supervisors of the company;
3. Independent opinions of independent directors on the 14th meeting of the Fourth Board of directors.
It is hereby announced.
Tongyu Communication Inc(002792) board of directors April 28, 2002
