Securities code: 002992 securities abbreviation: Shenzhen Baoming Technology Co.Ltd(002992) Announcement No.: 2022-008
Shenzhen Baoming Technology Co.Ltd(002992)
Announcement on the reply of Shenzhen Stock Exchange to the letter of concern of the company
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.
Shenzhen Baoming Technology Co.Ltd(002992) (hereinafter referred to as the "company" or "listed company") received the letter of concern on Shenzhen Baoming Technology Co.Ltd(002992) from the second Department of management of listed companies of Shenzhen Stock Exchange (company department concern letter [2022] No. 36) (hereinafter referred to as the "concern letter") on January 24, 2022, requesting the company to make a written explanation on the issues raised in the concern letter. After receiving the letter of concern, the company attached great importance to it and carefully checked and implemented the matters involved one by one. The answers to the relevant questions are as follows: Question 1: please explain whether your company will touch item (IV) of paragraph 1 of article 5.1.1 of the stock listing rules (revised in 2022) of the exchange in combination with the operating income and its deduction in 2021. If so, please follow the relevant provisions of the guidelines for self discipline supervision of listed companies No. 2 - announcement form, Supplementary disclosure of the expected operating income and operating income after deduction in 2021, and full prompt of risks.
reply:
The unaudited operating income and operating income after deduction realized by the company in 2021 are as follows:
Unit: 10000 yuan
No. project year 2021 year 2020
I. operating income 111786.38 137839.34
II. Business income unrelated to the main business and non commercial substance 2821.23 1594.25
Income of
1. Business income unrelated to main business 2821.23 1594.25
Including: other business income - material sales 2450.88 1399.68
Other business income - rental income 34.69 22.86
Other business income - other 335.67 171.71
2 income without commercial substance --
III. deduction of business income irrelevant to main business and non business income 108965.15 136245.09
Operating income after real income
Note: there may be slight difference between the sum of individual data in the above table and the total of the table, which is caused by rounding in the calculation process. It can be seen from the above table that the operating income of the company in 2021 after deducting the business income irrelevant to the main business and the income without commercial substance is more than 100 million yuan, so the company does not touch item (IV) of paragraph 1, article 5.1.1 of the stock listing rules (revised in 2022) of Shenzhen Stock Exchange. Question 2. Please explain whether the accounting policies and recognition basis for the provision for asset impairment in 2021 have changed significantly compared with 2020 in combination with the specific accounting subjects, industry environment, business development and other change factors of the provision for asset impairment. If so, please explain the reasons and specific circumstances of the change, On this basis, explain whether the provision for impairment of relevant assets in previous years is sufficient and whether your company has earnings management.
Reply: I. industry environment
The company belongs to the flat panel display industry. Due to its own characteristics, it involves many links and belongs to a capital and technology intensive industry. At present, flat panel display products are mainly divided into liquid crystal display panel (hereinafter referred to as "LCD") and organic self luminous display panel (hereinafter referred to as "OLED"). LED backlight, as a necessary key component of LCD panel, its performance will directly affect the quality of LCD panel. In the midstream panel, the display panel has the most basic display function, which can be directly applied to downstream products. At the same time, it can also increase the touch function to form a display touch module for downstream enterprises. The LED backlight and touch screen businesses involved in the company are in the middle of the industry.
LED backlight is used in LCD, and then widely used in mobile phone, notebook / tablet computer, on-board display, industrial control and other fields. At present, the competition in mobile phone LED backlight industry is fierce; There is a great demand in the fields of notebook / tablet computer, on-board display and industrial control. In the future, medium-sized backlight (applied to notebook / tablet computer) and special display (on-board, industrial control and other fields) backlight will be the focus of the development of domestic backlight manufacturers, with a large development space.
In the field of capacitive touch screen, the thinning business demand of capacitive touch screen is in a strong stage because the lightness and thinness of display devices is the development trend of the industry. 2、 Business development
The company's business mainly includes two parts. One is LED backlight. The company's LED backlight products are mainly used in mobile phones. At present, it is actively expanding the medium-sized backlight business. In 2021, the competition of mobile phone backlight continued to intensify and the price fell, resulting in the decline of the company's LED backlight profitability; The second is the thinning processing business of capacitive touch screen. At present, the touch screen presents the trend of light and thin industry. At the same time, in 2021, the company strengthened its efforts to develop the thinning processing business of capacitive touch screen, and the business increased significantly. 3、 Accounting policies and recognition basis
1. Provision for impairment of fixed assets
(1) Calculation method of impairment of fixed assets
The company conducts impairment test on fixed assets with signs of impairment on the balance sheet date and estimates their recoverable amount. The impairment test results show that the recoverable amount of some production equipment is lower than its book value. The company shall withdraw the provision for impairment of fixed assets according to the difference between the recoverable amount of relevant assets and its book value.
(2) Provision for impairment of fixed assets
Unit: 10000 yuan
Account name change rate from 2021 to 2020
Original value 121171.36 100208.53 20.92%
Accumulated depreciation 46188.40 37324.42 23.75%
Provision for impairment of fixed assets 5769.10 669.10 762.22%
Net fixed assets 69213.86 62215.01 11.25%
Note: the above data are the preliminary financial calculation results of the company and have not been audited.
The company's accounting policy for the provision for impairment of fixed assets in 2021 is consistent with that in 2020. In 2021, due to changes in the market, there were signs of impairment of relevant fixed assets. The company made corresponding provision for impairment of fixed assets in accordance with the relevant provisions of the accounting standards for business enterprises.
2. Provision for inventory falling price reserves
(1) Calculation method of inventory falling price reserves
On the balance sheet date, the company measures inventories at the lower of cost or net realizable value. When the net realizable value is lower than the cost, the inventory falling price reserves shall be withdrawn. The company has accrued the corresponding inventory falling price reserves in accordance with the relevant provisions of the accounting standards for business enterprises.
(2) Provision for inventory falling price reserves
Unit: 10000 yuan
Account name change rate from 2021 to 2020
Inventory 10835.00 14724.41 - 26.41%
Inventory falling price reserves 3358.52 916.73 266.36%
Net inventory 7476.48 13807.68 - 45.85%
Note: the above data are the preliminary financial calculation results of the company and have not been audited.
The company's accounting policy for the provision of inventory falling price reserves in 2021 is consistent with that in 2020. In 2021, due to market changes, the sales price of some models of products was insufficient to make up for their manufacturing costs, and the inventory of corresponding orders showed signs of impairment, so the corresponding inventory falling price reserves were accrued.
To sum up, the company's accounting policy of withdrawing asset impairment provision in 2021 has not changed significantly compared with that in 2020. Due to the change of market conditions, there are signs of impairment of relevant fixed assets and inventories of some orders. The company has accrued corresponding asset impairment reserves according to relevant management systems, and there is no situation of earnings management.
It is hereby announced.
Shenzhen Baoming Technology Co.Ltd(002992) board of directors January 26, 2022
