The assets appraisal report is prepared in accordance with China's assets appraisal standards
Hnac Technology Co.Ltd(300490) shares to be acquired
And Chengbu shanneng new energy Co., Ltd
Appraisal project of total equity value of shareholders
Assets appraisal report
(this report consists of one volume)
Szkehua pingbao Zi [2022] No. 002
Shenzhen Zhongkehua Assets Appraisal Co., Ltd
January 19, 2002
Asset appraisal report and catalogue of equity value appraisal project of Chengbu shanneng new energy Co., Ltd
catalogue
The asset appraisal report states that 1. Summary of the assets appraisal report 2. Text of the assets appraisal report 6 I. overview of the client, the appraised entity and the users of other asset appraisal reports agreed in the asset appraisal entrustment contract six
2、 Evaluation purpose twelve
3、 Evaluation object and scope twelve
4、 Value types and their definitions fourteen
5、 Appraisal base date fourteen
6、 Evaluation basis fifteen
7、 Evaluation method seventeen
8、 Evaluation procedure implementation process and situation thirty
9、 Evaluate assumptions and constraints thirty-two
10、 Evaluation conclusion thirty-three
11、 Special notes thirty-five
12、 Description of restrictions on the use of evaluation report thirty-six
13、 Evaluation report date 37 annex to the assets appraisal report 39 Shenzhen Zhongkehua Assets Appraisal Co., Ltd
Asset appraisal report and statement of the equity value appraisal project of Chengbu shanneng new energy Co., Ltd
Statement of assets appraisal report
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 the asset appraiser shall not be liable.
The asset appraisal report is only for the use of the client, other users of the asset appraisal report agreed in the asset appraisal entrustment contract and users of the asset appraisal report specified by laws and administrative regulations; In addition, no other institution or individual can become the user of the asset appraisal report.
The assets appraisal agency and appraisers remind the users of the assets appraisal report to correctly understand 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.
3、 The asset appraisal institution and appraisers 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.
4、 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.
5、 There is no existing or expected interest relationship between the asset appraisal institution and the asset appraiser 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.
6、 The asset appraiser has 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 for issuing the asset appraisal report.
7、 The analysis, judgment and results in the asset appraisal report issued by the asset appraisal institution are limited by the assumptions and restrictions in the asset appraisal report. The user of the asset appraisal report shall fully consider the assumptions, restrictions and special matters stated in the asset appraisal report and their impact on the appraisal conclusion.
Shenzhen Zhongkehua Assets Appraisal Co., Ltd. page 1
Hnac Technology Co.Ltd(300490) shares to be acquired
And Chengbu shanneng new energy Co., Ltd
Appraisal project of total equity value of shareholders
Summary of assets appraisal report
Szkehua pingbao Zi [2022] No. 002
Important tips
The following contents are extracted from the main body of the assets appraisal report. In order to understand the overall situation of the appraisal project and the appraisal assumptions and restrictions on the establishment of the appraisal conclusion, you should carefully read the full text of the assets appraisal report.
Entrusted by Hnac Technology Co.Ltd(300490) , Shenzhen Zhongkehua Assets Appraisal Co., Ltd. appraised the market value of all shareholders' equity of Chengbu shanneng new energy Co., Ltd. on the benchmark date. The summary report is as follows: 1. Economic behavior: Hnac Technology Co.Ltd(300490) plans to acquire the equity of Chengbu shanneng new energy Co., Ltd.
2、 Appraisal purpose: this appraisal is to evaluate the market value of all shareholders' equity of Chengbu shanneng new energy Co., Ltd. on the benchmark date, so as to provide value reference basis for the implementation of the above-mentioned economic behavior. 3、 Appraisal object and scope: the appraisal object is the market value of all shareholders' equity of Chengbu shanneng new energy Co., Ltd. on the benchmark date; The appraisal scope covers all the assets, liabilities and related interests specified in the audited balance sheet of Chengbu shanneng new energy Co., Ltd. on the benchmark date.
4、 Value type: market value.
5、 Benchmark date: December 31, 2021.
6、 Appraisal methods: asset based method and income method.
7、 Implementation process of appraisal procedures: the appraisers of the company have performed necessary appraisal procedures for the assets within the scope of appraisal in accordance with the requirements of industry norms, including inventory verification
Shenzhen Zhongkehua Assets Appraisal Co., Ltd. page 2
Evaluation procedures such as field survey, market investigation, confirmation, evaluation and estimation.
8、 Appraisal conclusion: Based on the above appraisal work and the full realization of the appraisal premise and assumptions, the following appraisal conclusions are drawn on the market value of all shareholders' equity of Chengbu shanneng new energy Co., Ltd. on the benchmark date:
（1） Appraisal results of asset based approach
According to the appraisal, on the benchmark date of December 31, 2021, the book value of the total assets of Chengbu shanneng new energy Co., Ltd. is 249043100 yuan, and the appraisal value is 249043100 yuan, with no change in increase or decrease in value; The book value of total liabilities is 179078500 yuan, and the assessed value is 179078500 yuan, with no change in increase or decrease in value; The book value of net assets is 69.9646 million yuan, and the assessed value is 69.9646 million yuan, with no change in increase or decrease in value.
Summary of appraisal results of asset based method
Benchmark date: December 31, 2021
Monetary unit: RMB 10000
Increase / decrease rate of project book value evaluation value%
A B C=B-A D=C/A × 100%
1. Current assets 3217.66 3217.66
2. Non current assets 21686.65
3 including: fixed assets 21536.85
4. Construction in progress 149.80 149.80
5. Total assets 24904.31
6. Current liabilities 7797.99
7. Non current liabilities 10109.87 10109.87
8. Total liabilities 17907.85
9. Net assets (owner's equity) 6996.46
According to the appraisal results based on the asset-based method, the appraisal value of all shareholders' equity of Chengbu shanneng new energy Co., Ltd. on the benchmark date of December 31, 2021 is 69.9646 million yuan, and there is no change in increase or decrease in value.
（2） Evaluation results of income method
According to the appraisal results of income method, all shareholders of Chengbu shanneng new energy Co., Ltd
The appraisal value of equity on the benchmark date of December 31, 2021 is RMB 74.9495 million, with an increase of RMB 4.9849 million compared with the book value, with an increase rate of 7.12%.
（3） Analysis of evaluation conclusion and selection of evaluation results
The income method is greatly affected by the future profitability, asset quality, business ability and business risk of the enterprise. In this appraisal, as the energy storage industry of the appraised unit is still in the early stage of development, the influence of policy factors makes it difficult to accurately predict the medium and long-term profits of the appraised unit in the future, and it is difficult to accurately measure the medium and long-term business risks of the appraised unit in the future due to the accelerated iteration of industrial technology renewal. Therefore, The availability and reliability of the forecast data of the income method are relatively insufficient, and the application of the income method in this appraisal is actually limited to a certain extent.
The asset based method reflects the fair market value of the assets from the perspective of asset replacement. In combination with the current appraisal, the appraised unit has provided detailed information about its assets and liabilities, and the appraisers have also collected information from outside to meet the requirements of the asset based method. We conduct a comprehensive inventory and appraisal of the assets and liabilities of the appraised unit. Therefore, relatively speaking, The appraisal result of asset-based method is relatively reliable, so the appraisal result of asset-based method is taken as the final appraisal conclusion. To sum up, the appraisal result of the asset-based method is taken as the appraisal conclusion of the appraisal report, that is, the market value of all shareholders' equity of the appraised unit on the benchmark date of December 31, 2021 is RMB 69.9646 million (in words: RMB sixty-nine million nine hundred and sixty-four thousand and six hundred).
9、 Validity period of asset appraisal conclusion: the asset appraisal conclusion is valid only on the benchmark date specified in the appraisal report. The appraisal conclusion is valid within one year from the benchmark date (i.e. December 31, 2021 to December 30, 2022). If it is more than one year, it is necessary to re evaluate the assets. 10、 Special notes:
1. The three energy storage battery compartments under the subject of fixed assets - machinery and equipment of the appraised unit were obtained through financial leasing, and the actual property right still belongs to the financial lessor. As of the benchmark date of appraisal, the total book value of the three energy storage battery compartments is 108.6 million yuan.
Please pay attention to the impact of the above special matters on the appraisal value.
11、 Application scope of evaluation report:
1. User of the assets appraisal report: the client;
2. Other users of the assets appraisal report: functional departments and relevant parties related to the purpose of the appraisal as stipulated by laws and administrative regulations;
3. The economic behavior and appraisal purpose stated in the asset appraisal report.
The appraisal report can be used formally only after being signed by the asset appraiser and sealed by the appraisal institution. If the client or other users of the asset appraisal report fail to 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, the asset appraisal institution and the asset appraiser shall not be liable.
The user of the asset appraisal report shall correctly understand the appraisal conclusion. The appraisal conclusion is not equal to the realizable price of the appraisal object, and the appraisal conclusion shall not be regarded as a guarantee for the realizable price of the appraisal object.
The client, stakeholders and other users of this report should pay full attention to the "special matters description", pay attention to the evaluation assumptions and restrictions of the evaluation conclusion, and use the evaluation report reasonably.
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Shenzhen Zhongkehua Assets Appraisal Co., Ltd. page 5
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