Securities code: 688560 securities abbreviation: Crown Advanced Material Co.Ltd(688560) Announcement No.: 2022-010
Crown Advanced Material Co.Ltd(688560)
Announcement on correction of the third quarter report of 2021
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 legal responsibility for the authenticity, accuracy and integrity of its contents according to law.
Crown Advanced Material Co.Ltd(688560) (hereinafter referred to as “the company”) was established in Shanghai on October 28, 2021
Website of Stock Exchange (www.sse. Com. CN.) Disclosed the third quarter report of 2021. After post verification, it is found that due to the inaccurate accounting of some items in the non recurring profit and loss details, the non recurring profit and loss items and amounts in the company’s third quarter report 2021 and the relevant contents of the consolidated income statement need to be corrected. After correction, the net non recurring profit and loss attributable to the shareholders of the listed company increased by 317700 yuan in the reporting period, the net profit attributable to the shareholders of the listed company was not affected, and the net profit deducting non recurring profit and loss attributable to the shareholders of the listed company decreased by 317700 yuan. The details are as follows:
1、 Correction 1. “(I) main accounting data and financial indicators” of “I. main financial data” in the third quarter report of 2021
Before correction
Increase or decrease of the project from the beginning of the previous year to the beginning of the report period to the end of the report period from the same period of the current report period to the same period of the previous year (%)
… attributable to shareholders of listed companies
Net profit after deducting non recurring profit and loss of 28600597.40 26.46 67446188.37 13.04
After correction
Increase or decrease of items in the reporting period from the beginning of the previous year to the end of the reporting period change from the beginning of the reporting period to the end of the reporting period from the same period of the previous year (%) change range (%)
… attributable to shareholders of listed companies
Net profit after deducting non recurring profit and loss of 28282881.63 25.06 67128472.60 12.51…… 2. “(II) non recurring profit and loss items and amount” in “I. main financial data” in the third quarter report of 2021
Before correction
Description of the amount of the project from the beginning of the reporting period to the end of the reporting period
Loss on disposal of non current assets
Profit (including accrued assets minus -1012316.01 -4584736.10
Write off part of value reserves)…… government subsidies included in the current profit and loss (compared with the normal operation of the company)
Business is closely related, in line with national 2632705.15 16999402.63
(except for government subsidies that are continuously enjoyed according to certain standard quota or quota as stipulated in the national policy)… Impairment test is conducted separately
Provision for impairment of receivables transferred to 1947993.30 6259089.78
Back to
In addition to the above -11445.05 258729.44
Other non operating income and expenditure and other profit and loss items that meet the definition of non recurring profit and loss
Less: income tax impact 909296.74 4242628.47
……
Total 3621642.27 20060571.22
After correction
Description of the amount of the project from the beginning of the reporting period to the end of the reporting period
Loss on disposal of non current assets -1015884.94 -4588305.03
Profit (including the write off part of the provision for asset impairment)… Government subsidies included in the current profit and loss (compared with the normal operation of the company)
Business is closely related, in line with national 2685270.13 17051967.61
(except for government subsidies that are continuously enjoyed according to certain standard quota or quota as stipulated in the national policy)… Impairment test is conducted separately
Provision for impairment of receivables transferred back to 2316270.93 6627367.41
In addition to the above -60441.10 209733.39
Non operating income and expenditure
Other non recurring losses 47996.05
Profit and loss items defined by profit and loss
Less: income tax impact 1007854.65 4341186.38
……
Total 3939358.04 20378286.99
3. (II) consolidated income statement of financial statements in “fourth and quarterly financial statements” of the third quarter report of 2021
Before correction
The first three quarters of 2021 (January September) and the first three quarters of 2020 (January September)
……
Plus: other income 17047398.68
……
3、 Operating profit (loss expressed with “-“) 101161328.11
Plus: non operating income 271388.06
Less: non operating expenses 4597394.72
……
After correction
The first three quarters of 2021 (January September) and the first three quarters of 2020 (January September)
……
Plus: other income 17099963.66
……
3、 Operating profit (loss expressed with “-“) 101213893.09
Plus: non operating income 222392.01
Less: non operating expenses 4600963.65
……
2、 Opinions of the board of directors, independent directors and the board of supervisors
On January 25, 2022, the 22nd Meeting of the third board of directors and the 16th meeting of the third board of supervisors deliberated and adopted the proposal on correcting the third quarter report of 2021.
Independent directors expressed independent opinions on the proposal.
1. Opinion of the board of directors: the correction of the third quarter report of 2021 involved in this time complies with the relevant provisions of the rules for the preparation of information disclosure of companies offering securities to the public No. 19 – correction and related disclosure of financial information, and is an objective reflection of the actual operating conditions of the company. This correction does not damage the legitimate rights and interests of the company and all shareholders. The board of directors agreed to make corrections to the third quarter report of 2021.
2. Opinions of independent directors: the company’s correction of the third quarter report of 2021 complies with the provisions of relevant laws, regulations and normative documents, which is conducive to improving the quality of the company’s accounting information, reflecting the actual operating conditions of the company more accurately, and there is no damage to the interests of the company or its shareholders (especially minority shareholders). We unanimously agreed to the proposal on correcting the third quarter report of 2021.
3. Opinion of the board of supervisors: the company’s correction of the third quarter report of 2021 complies with the provisions of relevant laws, regulations and normative documents of the rules for the preparation of information disclosure of companies offering securities to the public No. 19 – correction and related disclosure of financial information, and reflects the company’s financial situation objectively and fairly, The company’s deliberation and voting procedures on the correction comply with the provisions of laws, regulations, the articles of association and other relevant systems. There is no damage to the interests of the company and all shareholders, especially small and medium-sized shareholders. The board of supervisors agreed to make corrections to the third quarter report of 2021.
3、 Other instructions
In addition to the above corrections, other contents of the company’s third quarter report of 2021 remain unchanged. The corrected third quarter report of 2021 is disclosed in the designated media on the same day as this announcement for investors to consult.
The Company Apologizes for the inconvenience caused to the majority of investors by this correction. In the future, the company will further strengthen the review of disclosure documents and improve the quality of information disclosure.
It is hereby announced.
Crown Advanced Material Co.Ltd(688560) board of directors
January 27, 2022
