Securities code: 000993 securities abbreviation: Fujian Mindong Electric Power Limited Company(000993) Announcement No.: 2022 pro-05 Fujian Mindong Electric Power Limited Company(000993)
Announcement on the provision for asset impairment
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
1、 Overview of provision for asset impairment
The proposal on the provision for asset impairment was deliberated and adopted at the 40th interim meeting of the seventh board of directors (9 in favor, 0 against and 0 abstention) and the 21st Meeting of the seventh board of supervisors (5 in favor, 0 against and 0 abstention). According to the accounting standards for business enterprises According to the provisions and requirements of relevant laws, regulations and normative documents such as the guidelines for the standardized operation of listed companies of Shenzhen Stock Exchange, in order to truly and accurately reflect the company's financial status and asset value as of December 31, 2021 and its operation in 2021, the finance department has analyzed the assets within the scope of the consolidated statements, and according to the analysis and evaluation results, An impairment provision of 8.3437 million yuan shall be made for the shaft system components of 9 typhoon of Minjian Xiapu company. After considering the impact of income tax, the net profit attributable to the owner of the parent company in 2021 will be reduced by 5.063 million yuan.
2、 Specific description of the provision for asset impairment
Minjian Xiapu company has been preparing to build Luxia wind farm since 2012. 20 typhoon generators were officially put into operation in two batches in December 2015 and November 2016 respectively.
Due to the failure and shutdown of some wind turbines, Minjian Xiapu company selected Dongfang Electric Corporation Limited(600875) Wind Power Co., Ltd. as the construction unit of the wind turbine defect elimination and comprehensive performance improvement project of Luxia wind farm through public bidding, which has completed the hoisting and replacement of class I unit #2 wind turbine generator agreed in the contract by late December 2021, The damaged generator has been returned to the factory for disassembly and maintenance. At the same time, according to the contents of the project contract, the generator has been replaced and assembled from the original double row conical shafting components to the new three row roller structure shafting components. According to the preliminary market research information and the evaluation of the project construction unit Dongfang Electric Corporation Limited(600875) Wind Power Co., Ltd., the shafting components removed from the frame have no use value, so Minjian Xiapu company is recommended to scrap them. Minjian Xiapu company has entrusted a third-party asset appraisal institution to evaluate the #2 shafting components to be scrapped and disposed of. The residual value of this set of shafting components is 26304 yuan.
During the follow-up implementation of the fan defect elimination and comprehensive performance improvement project of Luxia wind farm of Minjian Xiapu company, it is planned to dismantle the #5, #6, #9, #10, #11, #12, #13, #16, #17 fans of the same model. The materials and specifications of the generator shafting components are consistent with those of #2 generator shafting components, and the damage conditions are roughly the same. There are signs that the above 9 fan shafting components have been impaired, The provision for asset impairment shall be made in accordance with the relevant provisions of the accounting standards, that is, the provision for impairment shall be made according to the difference between the recoverable amount of the asset and its book value. Since the condition of shaft system components of the above-mentioned fan is basically the same as that of #2 fan, the recoverable amount is determined with reference to the residual evaluation value of shaft system components of #2 fan.
To sum up, the recoverable amount of 9 fan shaft system components is 184400 yuan (considering value-added tax and surcharges), the net book value is 8.5281 million yuan, and the provision for asset impairment is 8.3437 million yuan.
3、 Impact of the provision for asset impairment on the company
The provision for asset impairment is 8.3437 million yuan. After considering the impact of income tax, the net profit attributable to the owner of the parent company in 2021 will be reduced by 5.063 million yuan.
4、 Opinions of the board of directors
The board of Directors believes that the provision for asset impairment of the company this time complies with the provisions of the accounting standards for business enterprises and relevant accounting policies of the company, and the basis for the provision for asset impairment is sufficient and in line with the actual situation of the company. The provision for asset impairment this time fully and fairly reflects the asset status of the company. Therefore, the board of directors agreed that the provision for asset impairment was 15.83 million yuan, and the net profit attributable to the owner of the parent company in 2020 would be reduced by 11.87 million yuan after considering the impact of income tax.
5、 Opinions of independent directors
The independent directors believe that the provision for asset impairment of the company this time complies with the accounting standards for business enterprises and relevant accounting policies of the company, and the basis for the provision for asset impairment is sufficient and in line with the actual situation of the company. The provision for asset impairment this time fully and fairly reflects the asset status of the company. Therefore, the board of directors agreed to withdraw the provision for asset impairment this time.
6、 Opinions of the board of supervisors
The board of supervisors held that the procedures for the board of directors to consider the provision for asset impairment this time comply with relevant laws and regulations, and the provision for asset impairment this time complies with the actual situation of the company and the provisions of relevant accounting standards. The board of supervisors agreed to the provision for asset impairment this time.
7、 Directory of documents for future reference
1. Fujian Mindong Electric Power Limited Company(000993) resolution of the 40th interim meeting of the seventh board of directors;
2. Fujian Mindong Electric Power Limited Company(000993) resolution of the 21st Meeting of the seventh board of supervisors;
3. Fujian Mindong Electric Power Limited Company(000993) independent opinions of independent directors on matters related to the 40th interim meeting of the seventh board of directors.
It is hereby announced.
Fujian Mindong Electric Power Limited Company(000993) board of directors January 26, 2022
