According to the "Enterprise Accounting Standards," the "Shenzhen Stock Exchange Stock Listing Rules (2022 Revision)," and the company's accounting policies, the board of directors has carefully reviewed the materials related to the provisions for asset impairment, credit impairment, and estimated liabilities for 2021. The explanation for the reasonableness of these provisions is as follows:
002147SZSE
Board's Explanation on the Reasonableness of Asset Impairment, Credit Impairment, and Provisions for 2021
✨ AI Summary
The board of directors of Xinguang Yuancheng Co., Ltd. has reviewed the asset impairment and credit impairment provisions for 2021, totaling CNY 64.75 million. This will reduce the net profit attributable to shareholders by CNY 64.26 million and equity by the same amount. Additionally, provisions for guarantee losses and litigation compensation amount to CNY 37.54 million, further impacting net profit and equity. The provisions have been audited and comply with accounting standards.
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