This report is prepared in accordance with China’s asset appraisal standards
Shanghai Hongda New Material Co.Ltd(002211)
Assets involved in the proposed asset impairment test
Shanghai Hongzhu Information Technology Co., Ltd
Net realizable value of inventories
assets valuation statement
Lucheng pingbao [2022] No. 034
Volume 1 of 1
Hangzhou Lucheng Assets Appraisal Co., Ltd
April 15, 2002
Appraisal report on net realizable value of inventory assets of Shanghai Hongzhu Information Technology Co., Ltd ˙ catalogue
catalogue
Declare that 1 Summary two
Asset appraisal report four
1、 The client, the appraised entity and other users of the asset appraisal report four
2、 Evaluation purpose six
3、 Appraisal object and scope six
4、 Value type and its definition six
5、 Appraisal base date six
6、 Evaluation basis six
7、 Evaluation method eight
8、 Evaluation procedure implementation process and situation nine
9、 Assessment assumptions ten
10、 Assessment conclusion eleven
11、 Special notes eleven
12、 Description of restrictions on the use of asset appraisal report twelve
13、 Asset appraisal report date 13 attachments 15 Hangzhou Lucheng Assets Appraisal Co., Ltd
Appraisal report on net realizable value of inventory assets of Shanghai Hongzhu Information Technology Co., Ltd ˙ statement
Statement
1、 The assets appraisal report is prepared in accordance with the basic standards for assets appraisal issued by the Ministry of Finance and the asset appraisal practice standards and professional ethics standards issued by China Assets Appraisal Association.
2、 The client or other users of the asset appraisal report shall use the asset appraisal report in accordance with the provisions of laws, administrative regulations and the scope of use specified in the asset appraisal report; If the client or other users of the asset appraisal report use the asset appraisal report in violation of the above provisions, the asset appraisal institution and asset appraisal professionals shall not be liable.
3、 This asset appraisal report is only for the use of the client, other users of asset appraisal reports agreed in the asset appraisal entrustment contract and users of asset appraisal reports stipulated by laws and administrative regulations; In addition, no other institution or individual can become the user of this asset appraisal report.
4、 The asset appraisal institution and the asset appraisal professionals remind the users of the asset appraisal report that they should correctly understand and use the appraisal conclusion. The appraisal conclusion is not equal to the realizable price of the appraisal object, and the appraisal conclusion should not be considered as a guarantee for the realizable price of the appraisal object.
5、 The asset appraisal institution and its asset appraisal professionals abide by laws, administrative regulations and asset appraisal standards, adhere to the principles of independence, objectivity and impartiality, and bear responsibility for the asset appraisal report issued according to law. 6、 The analysis, judgment and conclusion in the asset appraisal report issued by this institution are limited by the assumptions and restrictive conditions in the asset appraisal report. The user of the asset appraisal report shall pay attention to the assumptions and preconditions for the establishment of the appraisal conclusion, the description of special matters and use restrictions in the asset appraisal report.
7、 The list of assets and liabilities involved in the appraisal object shall be declared by the client and the appraised unit and confirmed by signature, seal or other methods permitted by law; The client and other relevant parties shall be responsible for the authenticity, integrity and legitimacy of the materials provided by them according to law.
8、 There is no existing or expected interest relationship between the asset appraisal institution and the asset appraisal professionals and the appraisal object in the asset appraisal report; There is no existing or expected interest relationship with the relevant parties, and there is no prejudice against the relevant parties.
9、 Asset appraisal professionals have conducted on-site investigation on the appraisal object and the assets involved in the asset appraisal report; Necessary attention has been paid to the legal ownership of the appraisal object and the assets involved, the legal ownership data of the appraisal object and the assets involved have been checked, the problems found have been truthfully disclosed, and the client and other relevant parties have been requested to improve the property rights to meet the requirements of issuing the asset appraisal report.
Hangzhou Lucheng Assets Appraisal Co., Ltd. – 1 –
Abstract
Entrusted by Shanghai Hongda New Material Co.Ltd(002211) and adhering to the principles of independence, objectivity and impartiality, Hangzhou Lucheng Assets Appraisal Co., Ltd. has evaluated the net realizable value of the inventory of Shanghai Hongzhu Information Technology Co., Ltd. involved in the asset impairment test on December 31, 2021 by adopting the market method and necessary appraisal procedures in accordance with the provisions of relevant laws, administrative regulations and asset appraisal standards, The assessment and conclusions are summarized as follows:
1、 Client: Shanghai Hongda New Material Co.Ltd(002211) (hereinafter referred to as: Shanghai Hongda New Material Co.Ltd(002211) )
2、 Appraised unit: Shanghai Hongzhu Information Technology Co., Ltd. (hereinafter referred to as Shanghai Hongzhu)
3、 Evaluation purpose: to provide value reference for inventory impairment test for financial reporting purposes.
4、 Evaluation object and scope
The appraisal object and scope are the inventory of Shanghai Hongzhu. As of the benchmark date, the inventory entrusted for appraisal includes raw materials and finished products, and the book value of the inventory is 29402689629 yuan.
5、 Value type: net realizable value
6、 Benchmark date: December 31, 2021
7、 Evaluation method: market method
8、 Evaluation conclusion
Under the assumptions disclosed in this report, the net realizable value of the appraisal object on the benchmark date is 1326900 yuan (in words: one million three hundred and twenty-six thousand and nine hundred yuan), and the appraisal value is impaired by 292.7 million yuan compared with the book value, with an impairment rate of 99.55%.
The appraisal conclusion is only valid on the benchmark date stated in the asset appraisal report. The validity period of the appraisal conclusion shall be determined according to the asset status and market changes after the benchmark date. When the asset status and market changes are small, the validity period of the appraisal conclusion is from December 31, 2021 to December 30, 2022.
9、 Special notes
See “Xi. Description of special events” in the asset appraisal report for details. In order to correctly use the appraisal conclusion, the users of the asset appraisal report are reminded to pay attention to the impact of the “special matters description” on the appraisal conclusion and this economic behavior.
10、 Date of assets appraisal report: April 15, 2022.
Hangzhou Lucheng Assets Appraisal Co., Ltd. – 2 –
The above contents are extracted from the main body of the asset appraisal report. If you want to know the details of the appraisal business and correctly understand and use the appraisal conclusion, you should read the main body of the asset appraisal report.
Appraisal report on net realizable value of inventory assets of Shanghai Hongzhu Information Technology Co., Ltd ˙ text
Asset appraisal report
Lucheng pingbao [2022] No. 034
Shanghai Hongda New Material Co.Ltd(002211) ：
Hangzhou Lucheng Asset Appraisal Co., Ltd. has accepted the entrustment of your company to evaluate the net realizable value of the inventory of Shanghai Hongzhu Information Technology Co., Ltd. involved in the asset impairment test on December 31, 2021 in accordance with the provisions of laws, administrative regulations and asset appraisal standards, adhering to the principles of independence, objectivity and impartiality, adopting the market method and necessary appraisal procedures. The assets appraisal is reported as follows:
1、 The client, the appraised entity and other users of the asset appraisal report
（1） Overview of the client
1. Enterprise Name: Shanghai Hongda New Material Co.Ltd(002211) (hereinafter referred to as: Shanghai Hongda New Material Co.Ltd(002211) )
2. Address: Zone A, floor 2, building 1, No. 18, Chunchang Road, Minhang District, Shanghai
3. Registered capital: 432475779 yuan
4. Legal representative: Yang Xin
5. Nature of enterprise: joint stock limited company (listed, invested or controlled by natural persons)
6. Unified social credit Code: 913211007437119894
7. Business scope: production and processing of silicone monomer and by-products, production and sales of silicone oil, silicone rubber and its products, polymer materials and petrochemical accessories, self-supporting and agent import and export business of various commodities and technologies, limited to branch production, sales and business projects, technology development, technology transfer, technical services, basic software, supporting software in the field of communication technology according to the approved scope of production license Development and sales of application software, construction, maintenance and operation services of information system and network system, information security services, and sales of network equipment, electronic equipment and communication equipment. [for projects subject to approval according to law, business activities can be carried out only after approval by relevant departments] (II) overview of the appraised unit
1. Enterprise Name: Shanghai Hongzhu Information Technology Co., Ltd. (hereinafter referred to as Shanghai Hongzhu)
2. Address: Zone A, floor 1, building 1, No. 18, Chunchang Road, Minhang District, Shanghai
3. Registered capital: 150 million yuan
4. Legal representative: Yang Xin
Appraisal report on net realizable value of inventory assets of Shanghai Hongzhu Information Technology Co., Ltd ˙ text
6. Unified social credit Code: 91310112ma1gcc5l54
7. Historical evolution:
Founded in February 2019, Shanghai Hongzhu was invested and established by Jiangsu Shanghai Hongda New Material Co.Ltd(002211) Materials Co., Ltd. with a registered capital of 150 million yuan, of which Jiangsu Shanghai Hongda New Material Co.Ltd(002211) Materials Co., Ltd. contributed 150 million yuan, accounting for 100% of the registered capital. The above-mentioned capital contribution has been verified by Shanghai accounting firm (special general partnership) and a capital verification report (shsbz (2019) No. 0961) has been issued.
After several equity transfers, as of the benchmark date, the equity structure of Shanghai Hongzhu is as follows:
Monetary unit: RMB 10000
Name of shareholder subscribed capital contribution paid in capital contribution proportion of subscribed capital contribution (%)
Shanghai Hongda New Material Co.Ltd(002211) 1500000 1500000 100.00
Total 15 Ping An Bank Co.Ltd(000001) 500000 100.00
8. Business scope:
Licensed items: import and export of goods; Technology import and export; Import and export agent. (for projects subject to approval according to law, business activities can be carried out only after being approved by relevant departments, and the specific business projects shall be subject to the approval documents or licenses of relevant departments) general projects: engaged in technology development, technology transfer, technical consultation and technical services in the fields of information technology, Internet of things technology, electronic technology, computer technology and communication technology, development and sales of basic software, supporting software and application software, information system Network system construction, maintenance and operation services, information processing and storage support services, information security services, digital content services, integrated circuit design, development, production and sales of computers, network equipment, electronic equipment, communication equipment, electronic components and components, general instruments, wearable equipment and other intelligent products, advertising production and advertising release (non radio, television and newspaper publishing units), Storage services (excluding dangerous goods), house leasing, property management, business consulting; Centralized fast charging station; Sales of Distributed AC charging cabinet; Design and construction services of safety technology prevention system; Energy conservation management services; Operation of electric vehicle charging infrastructure; Research and development of intelligent Siasun Robot&Automation Co.Ltd(300024) ; Intelligent control system integration; Application system integration services in artificial intelligence industry; Sales of mobile communication equipment; Sales of mobile terminal equipment; Manufacturing of information security equipment; Sales of information security equipment; Network and information security software development; Internet security services; Sales of commercial password products; Import and export of commercial password products; Data processing and storage support services; Cloud computing equipment manufacturing; Internet equipment manufacturing. (except for the items that must be approved according to law, the company shall independently carry out business activities according to law with its business license)
（3） Users of other asset appraisal reports
Other users of the assets appraisal report are limited to those specified by national laws and regulations.
