Securities code: Jiangsu Huasheng Tianlong Photoeletric Co.Ltd(300029) securities abbreviation: Jiangsu Huasheng Tianlong Photoeletric Co.Ltd(300029) No.: 2022041
Jiangsu Huasheng Tianlong Photoeletric Co.Ltd(300029)
Announcement on the provision for asset impairment in 2021
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. 1、 Provision for asset impairment this time
In order to truly reflect the company's financial situation, asset value and operation, in accordance with the accounting standards for business enterprises and the relevant provisions of the company's accounting policies and accounting estimates, and based on the principle of prudence, the company and its subsidiaries have fully evaluated, analyzed and tested the receivables, prepayments, contract assets, inventories, fixed assets and other assets as of December 31, 2021, It is considered that some of the above assets have certain signs of impairment, and the provision for asset impairment should be made.
In 2021, the company made a total of 5058300 yuan of provision for impairment of various assets, as shown in the following table:
Project amount (10000 yuan)
Bad debt provision 113.89
Inventory falling price reserves -10.51
Provision for impairment of contract assets 402.45
Total 505.83
2、 Accrual basis and amount of various asset items
1. Bad debt provision
Based on the expected credit loss, referring to the experience of historical credit loss, combined with the current situation and the judgment of future economic conditions, the company divides the notes receivable, accounts receivable, other receivables and prepayments into several combinations according to the characteristics of credit risk, and withdraws the corresponding impairment reserves on the basis of the combination. A total of 1.1389 million yuan of bad debt reserves were withdrawn in the current period, including 68200 yuan of bad debt reserves for notes receivable, 374100 yuan of bad debt reserves for accounts receivable, 47600 yuan of bad debt reserves for other receivables and 744200 yuan of bad debt reserves for prepayments. The impact of this provision for impairment on the total profit of the consolidated statements is -1138900 yuan, and the impact on the consolidated net profit attributable to the parent company is -1166900 yuan.
2. Inventory falling price reserves
The company withdraws the inventory falling price reserve according to the principle of the lower of inventory cost and net realizable value, which is included in the current profit and loss. The total inventory falling price reserve in this period is -105100 yuan. The impact of the provision for inventory falling price on the total profit of the consolidated statement is 105100 yuan, and the impact on the net profit attributable to the parent company is 105100 yuan.
3. Provision for impairment of contract assets
The provision for impairment of contract assets refers to the expected credit loss method of financial instruments, measures its expected credit loss based on the expected duration, and recognizes the loss provision of contract assets. In this period, the provision for impairment of contract assets is 4.0245 million yuan for the quality assurance deposit receivable. The impact of this provision for impairment on the total profit of the consolidated statements is -4024500 yuan, and the impact on the consolidated net profit attributable to the parent company is -4024200 yuan. 3、 Impact on the company's financial situation and operating results
The provision for impairment of various assets in this year will reduce the total profit by 5.0583 million yuan and the net profit attributable to the parent company by 5.086 million yuan. 4、 Approval procedures for the provision for asset impairment this time
The provision for asset impairment was reviewed and approved at the 13th meeting of the 5th board of directors and the 10th meeting of the 5th board of supervisors, and the independent directors expressed independent opinions. 5、 Relevant review opinions 1. Opinions of the board of directors
The board of Directors believes that the company's provision for asset impairment in 2021 is in line with the relevant provisions of the accounting standards for business enterprises and the company's accounting policies and the actual situation of the company. The board of directors agreed to withdraw the provision for asset impairment this time. 2. Opinions of independent directors
Independent directors believe that the company's provision for asset impairment is based on the principle of prudence, in line with the relevant provisions of the accounting standards for business enterprises and the actual situation of the company's assets, and does not harm the interests of the company and minority shareholders. The company's provision for asset impairment this time is to more fairly reflect the company's financial situation and operating results. Necessary procedures have been performed, which is in line with the interests of the company and all shareholders. We agree that the company will make provision for asset impairment in 2021. 3. Opinions of the board of supervisors
The board of supervisors believes that the company's provision for asset impairment in accordance with the accounting standards for business enterprises and relevant accounting policies is in line with the actual situation of the company. After the provision for asset impairment this time, it can more fairly reflect the financial status, asset value and operating results of the company as of December 31, 2021. The company agrees to withdraw the provision for asset impairment this time without damaging the interests of the company and its shareholders.
Jiangsu Huasheng Tianlong Photoeletric Co.Ltd(300029) board of directors
April 28, 2022
