Securities code: Jiangxi Selon Industrial Co.Ltd(002748) securities abbreviation: Jiangxi Selon Industrial Co.Ltd(002748) Announcement No.: 2022027 Jiangxi Selon Industrial Co.Ltd(002748)
Announcement on changes in accounting policies
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.
Jiangxi Selon Industrial Co.Ltd(002748) (hereinafter referred to as “the company”) changes the corresponding accounting policies in accordance with the accounting standards for business enterprises issued by the Ministry of finance of the people’s Republic of China (hereinafter referred to as “the Ministry of finance”). According to the relevant provisions of the guidelines for self regulation and supervision of listed companies of Shenzhen Stock Exchange No. 1 – standardized operation of listed companies on the main board and other relevant provisions, this accounting policy change belongs to the change in accordance with the requirements of laws and regulations or the national unified accounting system, and this matter does not need to be submitted to the general meeting of shareholders for deliberation. The details of this accounting policy change are as follows: I. overview of accounting policy change
1. Reason and content of change
On February 2, 2021, the Ministry of Finance issued the interpretation of accounting standards for Business Enterprises No. 14 (CAI Kuai [2021] No. 1, hereinafter referred to as “Interpretation No. 14”), which shall come into force as of the date of promulgation. Interpretation No. 14 mainly clarifies the accounting treatment of the social capital party for the government and social capital cooperation (PPP) project contract, and the accounting treatment of the change in the basis for determining the cash flow of relevant contracts caused by the reform of the benchmark interest rate. The relevant newly added businesses from January 1, 2021 to the implementation date shall be adjusted according to Interpretation No. 14.
On December 31, 2021, the Ministry of Finance issued the interpretation of accounting standards for Business Enterprises No. 15 (CAI Kuai [2021] No. 35, hereinafter referred to as “Interpretation No. 15”), which mainly defines the accounting treatment of the external sales of products or by-products produced before the fixed assets reach the expected serviceable state or in the process of research and development, and the requirements for the presentation of financial statements under the centralized fund management mode of the group, And judgment on loss contracts. Interpretation No. 15 “on the presentation of centralized fund management” shall be implemented as of the date of promulgation, and Interpretation No. 15 “on 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” and “judgment on loss contracts” shall be implemented as of January 1, 2022.
2. Change introduction
(1) Accounting policies adopted before change
Before the change of accounting policies, the company shall implement 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.
(2) Accounting policies adopted after change
The No. 15 interpretation of the company’s accounting policy will be implemented in accordance with the provisions of the Ministry of finance; Other unchanged parts shall still be implemented in accordance with the accounting standards for business enterprises – basic standards, various specific accounting standards, the application guide of accounting standards for business enterprises, the interpretation announcement of accounting standards for business enterprises and other relevant provisions.
3. Change date
The company will implement the provisions of Interpretation No. 14 from February 2, 2021; The provisions of Interpretation No. 15 shall be implemented as of December 31, 2021.
2、 Impact of changes in accounting policies on the company
Since the implementation date, the company has implemented the provisions of Interpretation No. 14 and Interpretation No. 15. The financial statements of the comparable period will not be adjusted, which will not have a significant impact on the financial statements of the comparable period, nor on the financial status and operating results of the company.
This accounting policy change is a reasonable change made by the company in accordance with the interpretation of the accounting standards for business enterprises issued by the Ministry of finance, in line with the relevant provisions of the Ministry of finance, China Securities Regulatory Commission and Shenzhen Stock Exchange. The implementation of the changed accounting policy can objectively and fairly reflect the company’s financial status and operating results, and there is no situation that damages the interests of the company and all shareholders.
3、 Explanation of the board of directors on the rationality of this accounting policy change
The board of directors of the company believes that this accounting policy change is a reasonable change based on the accounting standards for business enterprises newly issued by the Ministry of finance, which complies with the provisions of relevant laws and regulations. The changed accounting policy can objectively and fairly reflect the company’s financial status and operating results, will not have a significant impact on the company’s financial status and operating results, and will not damage the interests of the company and all shareholders. The board of directors of the company agreed to the change of accounting policies. 4、 Independent opinions of independent directors on changes in accounting policies
The independent directors of the company believe that the company has made corresponding changes to the company’s accounting policies in accordance with the requirements of the accounting standards for business enterprises revised and issued by the Ministry of finance, in line with the relevant provisions of the Ministry of finance, China Securities Regulatory Commission and Shenzhen Stock Exchange, and there is no damage to the interests of the company and all shareholders, especially small and medium-sized shareholders. They agree with the change of the company’s accounting policies.
5、 Opinions of the board of supervisors on policy changes
The board of supervisors of the company believes that the change of the company’s accounting policies meets the requirements of relevant documents of the Ministry of finance, its decision-making procedures comply with relevant laws and regulations and the articles of association, and there is no situation that damages the interests of the company and all shareholders. The board of supervisors agreed to the change of the company’s accounting policy.
6、 Documents for future reference
1. Resolutions of the third meeting of the 5th board of directors of the company;
2. Resolutions of the second meeting of the 5th board of supervisors of the company;
3. Independent opinions of independent directors on matters related to the third meeting of the Fifth Board of directors.
It is hereby announced.
Jiangxi Selon Industrial Co.Ltd(002748) board of directors
April 26, 2002
