Securities code: Zhejiang Reclaim Construction Group Co.Ltd(002586) securities abbreviation: ST sea reclamation Announcement No.: 2022094
Zhejiang Reclaim Construction Group Co.Ltd(002586)
Announcement on the provision for asset impairment in 2020 and 2021
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete without false records
Misleading statements or material omissions.
Zhejiang Reclaim Construction Group Co.Ltd(002586) (hereinafter referred to as “Waihai shares” or “the company”) on
The 50th meeting of the 6th board of directors and the 22nd Meeting of the 6th board of supervisors will be held on April 28, 2022
The proposal on the provision for asset impairment in 2020 and 2021 was reviewed and approved. According to relevant regulations,
The details are hereby announced as follows:
1、 Provision for asset impairment this time
(I) reasons for withdrawing asset impairment provision this time
According to the accounting standards for business enterprises, the Listing Rules of Shenzhen Stock Exchange and other relevant provisions, it is true
To truly and accurately reflect the company’s financial situation, asset value and operating results. Based on the principle of prudence, the company
Retroactive adjustment shall be made for the accounting errors in the previous period, and the deposit within the scope of the consolidated statements as of December 31, 2021 shall be adjusted
Goods, receivables, fixed assets, intangible assets, goodwill and other assets have been comprehensively checked and tested for impairment,
Provision for impairment shall be made for relevant assets within the scope of consolidated statements.
(II) asset scope, total amount and reporting period included in the provision for asset impairment this time
According to the company and its subsidiaries, all kinds of assets with signs of impairment at the end of 2020 and 2021,
The scope includes goodwill, long-term equity investment, accounts receivable, inventory, etc. impairment test is carried out, and there is impairment
The provision for asset impairment is made for the assets with signs, and the total provision for asset impairment is made in 2020
17541419509 yuan, and the provision for impairment of various assets to be withdrawn in 2021 is 23969207170 yuan in total
Yuan, as shown in the following table:
The proportion of 2021 accounting for the net profit attributable to the shareholders of the prospective listed company for asset impairment in 2021 accounting for the net profit attributable to the shareholders of the prospective listed company for asset impairment in 2020 (%) the proportion of the absolute value of the net profit provision (yuan) of the shareholders of the prospective listed company for asset impairment (%)
Credit impairment loss 8229906780 300.64% 1893072865 4.61%
Asset impairment loss 15739 Suzhou Ta&A Ultra Clean Technology Co.Ltd(300390) 574.95% 15648346644 38.13%
Total 23969207170 875.59% 175419509 42.74%
(III) the company’s approval procedures for the provision for asset impairment this time
Proposal of the sixth board of directors on the provision for impairment of assets in 2021
It was deliberated and adopted at the 50th meeting and the 22nd Meeting of the 6th board of supervisors, and the independent directors made comments on the matter
Independent opinion and agree to withdraw the provision for asset impairment this time.
2、 Specific description of the provision for asset impairment this time
The provision for impairment of the company’s long-term equity investment and the provision for impairment of the company’s assets
As for assets, goodwill, etc., the details of the provision for impairment of various assets withdrawn this time are as follows:
Project amount in 2021 (unit: yuan) amount in 2020 (unit: yuan) 1 Credit impairment loss -8229906780 -1893072865, including: bad debt loss of accounts receivable -891805390 -1753276529 bad debt loss of other accounts receivable -5263829706332909154 bad debt loss of long-term accounts receivable -1521448638 -20944206 Bad debt loss of non current assets due within one year 167176954 -451761284 impairment loss of other debt investments -720000000
2. Asset impairment loss -15739 Suzhou Ta&A Ultra Clean Technology Co.Ltd(300390) -15648346644, including long-term equity investment impairment loss -736348943 -426970272 contract asset impairment loss -3025646608 -1678581372 intangible asset impairment loss -116666655
Other impairment loss -13542795000 goodwill impairment loss -11860638184
Total -23969207170 -175419509
1. Impairment loss of other debt investments
In 2021, other creditor’s rights of the TV series “other shore flower” invested by the subsidiary orange entertainment company were fully accrued
The impairment loss is 720000000 yuan.
2. Impairment loss of long-term equity investment
In 2020, the company made provision for impairment of 426970272 yuan for long-term equity investment held by the company.
In 2021, due to the continuous losses of the invested unit Guangzhou Fenggu Entertainment Co., Ltd. in recent four years, the future operation will be saved
In the event of major uncertainty, the company made provision for impairment of long-term equity investment of Guangzhou Fenggu company
736348943 yuan.
3. Impairment loss of contract assets
In 2020, the company accrued contract asset impairment loss of 1678581372 yuan. In 2021, the company accrued
The impairment loss of contract assets was 3025646608 yuan.
4. Impairment loss of intangible assets
In 2021, the impairment loss was accrued for the copyright of the subsidiary orange entertainment film and television adaptation right license agreement
116666655 yuan.
5. Other impairment losses
In 2020, the company’s equity in Shanghai Millennium design company (transferred to other non current assets due to out of control)
The provision for impairment is 13542795000 yuan.
6. Goodwill impairment loss
In 2021, the company made a total of 11860638184 yuan of goodwill impairment loss. Specifically, according to the evaluation
According to the appraisal results of the appraisal institution, the provision for impairment of goodwill of Shanghai Millennium Design Co., Ltd. is 11416717074 yuan,
The provision for impairment of goodwill of South Taihu Design Institute is 443921110 yuan.
The provision for impairment of individual assets accounts for the absolute proportion of the audited net profit of the company in the latest fiscal year
If the proportion of value is more than 30% and the absolute amount exceeds 10 million yuan, the impairment provision shall be withdrawn according to the regulations
The situation is described as follows:
Assets including overall goodwill
Impairment of future recoverable amount in 2021
Asset Name: Reason and basis for withdrawing book value of asset group
No. (yuan) reserve amount (yuan)
Value (yuan)
The company entrusted North Northking Information Technology Co.Ltd(002987) ASI Asset Appraisal Office (special general partnership) to issue the appraisal report, According to the results of minus Shanghai Millennium value test, during the reporting period, the company made a provision for impairment of 11416717074 yuan for the goodwill of Shanghai Millennium design 1 design company 215027831801164040 Ping An Bank Co.Ltd(000001) 1416717074 yuan, and a cumulative provision for impairment of 45613586860 yuan, By the end of 2021, the book value of goodwill was
24466916249 yuan.
4、 The impact of the current provision for asset impairment on the company
The company’s provision for asset impairment this time complies with the accounting standards for business enterprises, the company’s internal control and other relevant regulations
Based on the principle of prudence, it objectively reflects the actual situation of the company’s assets. Without considering the impact of taxes and fees, the provision for asset impairment reduced the profit in the consolidated statements of the company in 2020 by about 175419509 yuan, and the net profit attributable to the shareholders of the listed company by about 175419509 yuan; The provision for asset impairment reduced the profit in the consolidated statements of the company in 2021 by about 23969207170 yuan, and the net profit attributable to the shareholders of the listed company by about 23969207170 yuan.
5、 Explanation of the board of directors on the rationality of the provision for asset impairment this time
The board of Directors believes that the provision for asset impairment of the company this time follows and complies with the accounting standards for business enterprises, the Listing Rules of Shenzhen Stock Exchange and the relevant accounting policies of the company, conforms to the actual situation of the company, reflects the principle of accounting prudence, fully, truly and fairly reflects the financial status, asset value and operating results of the company, and helps to provide investors with more reliable accounting information.
6、 Opinions of the board of supervisors
The board of supervisors believes that the provision for asset impairment of the company is made in accordance with the accounting standards for business enterprises, the Listing Rules of Shenzhen Stock Exchange and the relevant accounting policies of the company, which is in line with the actual situation of the company. After the provision for asset impairment is made, the company’s financial statements can more fairly reflect the company’s financial position, asset value and operating results. The decision-making procedures of the company’s board of directors on this matter were legal and compliant, and the board of supervisors agreed to withdraw the provision for asset impairment this time.
7、 Opinions of independent directors
The independent directors believe that the company’s provision for asset impairment is based on sufficient basis, in line with the relevant provisions of the accounting standards for business enterprises and the actual situation of the company, truly reflects the financial situation of the company, and the basis for the provision for impairment is sufficient; It helps to provide investors with more authentic, reliable and accurate accounting letters
