Securities code: Shanghai Tianyong Engineering Co.Ltd(603895) securities abbreviation: Shanghai Tianyong Engineering Co.Ltd(603895) Announcement No.: 2022025 Shanghai Tianyong Engineering Co.Ltd(603895)
Announcement on the provision for asset impairment
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 individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Shanghai Tianyong Engineering Co.Ltd(603895) (hereinafter referred to as "the company") deliberated and adopted the proposal on the provision for asset impairment at the 22nd Meeting of the second board of directors and the 18th meeting of the second board of supervisors held on April 29, 2022. The relevant announcements are as follows: I. overview of the provision for value reduction
According to the relevant provisions of the accounting standards for business enterprises and accounting policies, the company conducted an impairment test on relevant assets as of December 31, 2021. According to the test results, some assets of the company were impaired. Based on the principle of prudence, the company made an impairment provision for assets that may have signs of impairment. In 2021, the company accrued various impairment reserves totaling 715029350 yuan, as follows:
Unit: yuan currency: RMB
Accrued amount of the project in 2021
Credit impairment loss 712533570
Asset impairment loss 2495780
Total 715029350
2、 Impact of provision for impairment on the company's operating performance
The above provision for asset impairment and credit impairment will reduce the total profit of the company's consolidated statements in 2021 to 7.1502 million yuan. Affect the owner's equity of 7.1502 million yuan attributable to the parent company in the consolidated statements of 2021. 3、 Special tips on performance fluctuation risk
As the above provision for asset impairment and credit impairment decreased significantly compared with the same period of last year, the total profit in 2021 will rise compared with the same period of last year. Please pay full attention to the risk of performance fluctuation. 4、 Opinions of the audit committee of the board of directors on the provision for impairment this time
Through reviewing relevant materials, the audit committee of the board of directors of the company believes that the provision for asset impairment of the company is made based on the principle of prudence and the actual situation of the company, with sufficient and reasonable basis, in line with the provisions of the accounting standards for business enterprises and relevant accounting policies of the company, and can more fairly reflect the financial statements of the company in 2021 and the asset status as of December 31, 2021 Financial status and operating results. 5、 Independent opinions of independent directors on the provision for impairment this time
After reviewing the relevant materials, the independent directors believe that the provision for asset impairment this time complies with the relevant provisions of the accounting standards for business enterprises and the actual situation of the company. The provision for asset impairment this time is based on the principle of prudent accounting, which can more objectively and fairly reflect the company's asset status, financial status and operating results. The relevant review procedures comply with the provisions of laws and regulations and the articles of association, There is no situation that damages the interests of the company and shareholders, especially minority shareholders, and it is agreed to withdraw the provision for asset impairment this time. 6、 Opinions of the board of supervisors on the provision for impairment this time
The board of supervisors verified the company's provision for asset impairment this time and believed that the company's provision for asset impairment in accordance with the accounting standards for business enterprises and relevant accounting policies can more fairly and truly reflect the company's asset status, financial status and operating results. The deliberation procedure of the board of directors on this matter is legal and agrees to withdraw the provision for asset impairment this time.
It is hereby announced.
Shanghai Tianyong Engineering Co.Ltd(603895) board of directors
April 30, 2022
