Securities code: Shanghai W-Ibeda High Tech.Group Co.Ltd(688071) securities abbreviation: Shanghai W-Ibeda High Tech.Group Co.Ltd(688071) Announcement No.: 2022031 Shanghai W-Ibeda High Tech.Group Co.Ltd(688071)
Announcement on changes in accounting policies
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear legal responsibility for the authenticity, accuracy and integrity of its contents according to law.
Important content note: according to the question and answer on the implementation of accounting standards for business enterprises (hereinafter referred to as the "implementation question and answer") issued by the Ministry of finance of the people's Republic of China (hereinafter referred to as the "Ministry of finance"), Shanghai Shanghai W-Ibeda High Tech.Group Co.Ltd(688071) group Co., Ltd. (hereinafter referred to as the "company") will occur before the control of goods is transferred to customers from January 1, 2021, And the transportation costs incurred for the performance of customer sales contracts are reclassified from "sales expenses" to "operating costs". This accounting policy change will not have a significant impact on the company's financial status, operating results and cash flow, including total assets, net assets and net profit.
1、 Overview of changes in accounting policies
(I) reasons for changes in accounting policies
November 2021, The implementation question and answer issued by the Ministry of Finance clearly stipulates: "Under normal circumstances, the transportation activities before the control of the enterprise's goods or services is transferred to the customer and in order to perform the customer's contract do not constitute a single performance obligation. The relevant transportation costs shall be regarded as the contract performance costs, amortized on the same basis as the recognition of the revenue of goods or services, and included in the current profits and losses. The contract performance costs shall be carried forward and included in the 'main business costs' or' other costs' when the revenue of goods or services is recognized "Business cost" and listed in the "operating cost" item of the income statement. "
According to the above requirements, the transportation expenses incurred by the company for the performance of the customer's sales contract before the transfer of commodity control to the customer were originally included in the "sales expenses", but now they are included in the "operating costs" according to the provisions of the implementation Q & A. This accounting policy change is to implement the above provisions. And retroactively adjust the items related to the 2020 financial statements.
The company held the 16th meeting of the third board of directors and the 15th meeting of the third board of supervisors on April 29, 2022, deliberated and adopted the proposal on accounting policy change, agreed to change the company's accounting policy according to the implementation of Q & A, and the independent directors of the company expressed their independent opinions with explicit consent. This accounting policy change does not need to be submitted to the general meeting of shareholders for deliberation.
（2） Accounting policies adopted before this change
Before the change of accounting policies, 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. The transportation costs incurred in performing the customer's sales contract are listed in the "sales expenses" item.
（3） Accounting policies adopted after this change
After this change, the company will implement the provisions of the question and answer on the implementation of accounting standards for business enterprises and the interpretation of accounting standards for Business Enterprises No. 14 issued by the Ministry of Finance in 2021, and list the transportation costs incurred in the performance of customer sales contracts in the item of "operating costs". In addition to the above changes in accounting policies, the remaining unchanged parts are still implemented in accordance with the relevant standards and other relevant provisions issued by the Ministry of Finance in the early stage.
2、 Impact of changes in accounting policies on the company
(I) the transportation costs incurred for the performance of the sales contract are listed in the item of "operating costs", which will have an impact on the company's sales expenses, operating costs, cash paid for goods and services and other cash related to operating activities, and will not have a significant impact on other financial indicators.
(II) the company retroactively adjusted the items listed in the 2020 financial statements, and the specific adjustments are as follows:
Currency: RMB unit: Yuan
Affected amount
Affected report items
Consolidated statement parent company statement
Selling expenses -55254959 -29902751
Operating cost 5525495929902751
3、 Explanation of the board of directors on the rationality of this accounting policy change
The board of directors of the company agrees with the change of accounting policy and believes that the change of accounting policy is carried out in accordance with the requirements of the relevant implementation questions and answers of the accounting standards for business enterprises of the Ministry of finance, and complies with the provisions of relevant laws, regulations and the accounting standards for business enterprises. The changed accounting policy enables the company to provide more reliable and accurate accounting information and will not have a significant impact on the financial status and operating results of the company, There is no situation that damages the interests of the company and all shareholders, especially minority shareholders.
4、 Concluding comments of independent directors and board of supervisors
(I) opinions of independent directors
The independent directors of the company reviewed the accounting policy change and gave independent opinions: after verification, the accounting policy change of the company is a reasonable change in accordance with the requirements of the relevant implementation questions and answers of the accounting standards for business enterprises issued by the Ministry of Finance in 2021. The changed accounting policy can more objectively and fairly reflect the financial status and operating results of the company, and comply with the provisions of relevant laws, regulations and accounting standards for business enterprises, There is no situation that damages the interests of the company and shareholders, especially minority shareholders.
(II) opinions of the board of supervisors
The board of supervisors of the company believes that this change of accounting policy is a reasonable change in accordance with the requirements of relevant documents of the Ministry of finance, in line with the accounting standards for business enterprises and relevant regulations, in line with the actual situation of the company, the implementation of the new accounting policy can objectively and fairly reflect the financial status and operating results of the company, and the decision-making procedure of this change of accounting policy is in line with the provisions of relevant laws, regulations and the articles of association, There is no situation that damages the interests of the company and minority shareholders. Therefore, the board of supervisors agreed to the change of accounting policy.
It is hereby announced.
Shanghai W-Ibeda High Tech.Group Co.Ltd(688071) board of directors April 30, 2022
