Jianfeng Group Pro 2017-025 (Announcement on Changes in the Company's Accounting Policy)
Release time:
2020-08-05
Securities Abbreviations: Jianfeng Group Securities Code: 600668 No.: Pro 2017-025
Bond Abbreviations: 13 Peak 01 Bond Code: 122227
Bond Abbreviations: 13 Peak 02 Bond Code: 122344
Zhejiang Jianfeng Group Co., Ltd.
Announcement on Changes in the Company's Accounting Policy
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 shall bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents .
Important Note:
● This change in the Company's accounting policy will only have an impact on the presentation of items in the financial statements, and will not have an impact on the Company's net assets and net profit, and will not involve retrospective adjustments from previous years.
1. Overview of this Accounting Policy Change
On April 28, 2017 , the Ministry of Finance formulated and issued Accounting Standards for Business Enterprises No. 42-Non-current Assets Held for Sale, Disposal Group and Discontinued Operations (Accounting [2017 ] No. 13 ) , on May 10, 2017 , the "Accounting Standards for Enterprises No. 16-Government Subsidies" (Accounting [2017 ] No. 15 ) was revised and issued, requiring all enterprises implementing the Accounting Standards for Enterprises to be implemented from May 28, 2017 and June 12, 2017 respectively.
Before this change, the company implemented the "Accounting Standards for Business Enterprises-Basic Standards" issued by the Ministry of Finance on February 15, 2006 and 38 specific accounting standards, application guidelines for accounting standards for business enterprises, interpretation announcements for accounting standards for business enterprises and subsequent revisions. Specific standards and other relevant regulations.
to implement the above revised accounting standards, the company intends to make corresponding changes to the accounting policy, the remaining unchanged part of the Ministry of Finance on February 15, 2006 and subsequent amendments to the relevant specific standards and other relevant provisions.
2. The specific situation of this accounting policy change and its impact on the company
(I) According to the regulations and requirements of the Ministry of Finance on the issuance of <Accounting Standard No. 42-Non-current Assets Held for Sale, Disposal Group and Termination of Operations> (Caikuai [2017] No. 13), implement ASU 42-Non-current Assets Held for Sale, Disposal Groups and Discontinued Operations, and make corresponding disclosures in the financial statements as required. The Company's implementation of the above new standards will not have an impact on the Company's total assets, total liabilities, net assets and net income for the current period and prior to the change in accounting policy.
(II) According to the notice issued by the Ministry of Finance on the revision of the "Accounting Standards for Business Enterprises No. 16 -Government Subsidies" (Caihui [2017] No. 15), the company will modify the presentation of the financial statements and report the "other income" account separately above the "operating profit" item in the income statement, reclassify government grants related to the Company's daily activities from January 1, 2017 from "non-operating income" to "other income. The Company applies the prospective application method to government grants that existed on January 1, 2017, and adjusts new government grants between January 1, 2017 and the effective date of the new standard in accordance with the new government grant standard, with no retrospective adjustment to the financial statements for comparable accounting periods. With this adjustment, the amount of "other income" will increase by 5,829,838.47 yuan and the amount of "non-operating income" will decrease by 5,829,838.47 yuan during the reporting period.
3. Board of Directors Review
The company held the 15th meeting of the 9th Board of Directors on August 25, 2017 to review and pass the "Proposal on Changes in the Company's Accounting Policy". The voting result: 9 votes in favor, 0 votes against, and 0 abstentions.
The Board of Directors of the Company believes that this change in accounting policy is a reasonable adjustment in accordance with the relevant regulations of the Ministry of Finance, and that the implementation of the changed accounting policy can objectively and fairly reflect the Company's financial position and operating results, providing investors with more reliable and accurate accounting information. This change in accounting policy is in line with the actual situation of the company, in line with the "Enterprise Accounting Standards" and other relevant provisions, agreed to this change in accounting policy.
4. independent directors issued independent opinions
The independent directors of the company believe that the company's accounting policy change is a reasonable change made by the company in accordance with the requirements of relevant documents of the Ministry of Finance, and conforms to the Accounting Standards for Business Enterprises and related regulations, Its decision-making procedures comply with relevant laws, regulations and the company's "Articles of Association" and other provisions, and do not harm the interests of the company and small and minority shareholders.
5. Board of Supervisors Review Opinions
The Board of Supervisors believes that the company's accounting policy change is adjusted in accordance with changes in national policies and complies with the revised "Accounting Standards for Business Enterprises No. 16 -Government Subsidy" (Accounting [2017] No. 15) and other relevant regulations, the change decision-making procedures also comply with relevant laws, administrative regulations and the "Articles of Association, there is no harm to the interests of shareholders, especially small and medium-sized shareholders. Agree to the company's accounting policy changes.
6. Reference Document
(I) Opinions of Independent Directors of Jianfeng Group;
Resolutions of the 12th Board of Supervisors of the 8th 94th Session of (II) Jianfeng Group;
Resolutions of the 15th Session of the 9th 97th Session of (III) Jianfeng Group;hereby announce
Zhejiang Jianfeng Group Co., Ltd.
Board of Directors
August 29, 2017
More information
Spike Cable Enters South American Market
Recently, a batch of 2100-pair communication cables produced by Peak Cable Company for Venezuelan customers have been completed and will be shipped in cabinets. This is the company's first export business in the South American market. In recent years, under the general trend of "light in and copper out" in the domestic market, Jianfeng Cable Company has taken the initiative to open up foreign markets that still use copper-core communication cables. While making use of its own production advantages to actively cooperate with domestic industry and trade enterprises to carry out foreign trade processing of communication cables, it has made great efforts to expand its own export business through foreign trade platforms and participation in exhibitions. Since the beginning of this year, the cable company has overcome the adverse effects of the new coronary pneumonia epidemic, actively looking for foreign customers for business negotiations, and won orders from Vietnamese customers shortly after the resumption of work. It is understood that in all the export business of cable companies this year, self-operated export business has accounted for about half, and the export direction is mainly Southeast Asia. The successful completion of the Venezuelan customer orders for the future further development of Colombia, Argentina, Peru, Chile and other South American countries to lay a good foundation. (Hu Longgang, Huang Yuan)
2020
11-12
Daye peak "war epidemic" work was commended by Hubei Province, Huangshi City
Recently, Daye Peak Cement Company won the commendation of Hubei Provincial Federation of Industry and Commerce, Hubei General Chamber of Commerce, Huangshi City Federation of Industry and Commerce, Huangshi City Chamber of Commerce, Huangshi City People's Government Poverty Alleviation and Development Office and other relevant units for its outstanding achievements in the prevention and control of the new coronary pneumonia epidemic. Since the beginning of this year, in the face of the new coronary pneumonia epidemic, Daye Peak has fully implemented the important instructions of the municipal government on the prevention and control of the new coronary pneumonia epidemic and the decision-making and deployment of poverty alleviation, obeying the overall situation, not only donating money to the Daye Municipal People's Government for the first time to help prevent and control the epidemic, but also actively do a good job in the prevention and control of the internal epidemic, and to resume production, and earnestly implement the municipal party committee and municipal government on the response to the impact of the new coronary pneumonia epidemic to carry out "two help two help" and "three get one stable" work requirements, paired to help the surrounding rural part of the population has not been lifted out of poverty, to help poor areas to solve the problem of agricultural and sideline products sales, for the city's decisive fight against poverty to contribute. (Yang Huiping, Zhang Qingyu)
2020
11-12
Liu Haiping, Vice Mayor of Pu'er, went to Yunnan Jianfeng for investigation
On the morning of November 3, Liu Haiping, member of the standing Committee of the Pu'er Municipal CPC Committee and vice mayor of the municipal government, and responsible persons of relevant departments went to Yunnan Jianfeng cement Company for investigation and discussion with Zhou Jiping, general manager of Yunnan Jianfeng, and Fang Xuhua, deputy general manager, on such topics as improving the business environment of Pu'er City and the difficulties encountered in the production and operation of enterprises. During the exchange, Zhou Jiping reported on the production and operation of the company this year, as well as the impact of the new coronary pneumonia epidemic on the market and the difficulties encountered in the production and operation process. Liu Haiping fully affirmed the efforts and achievements made since the resumption of work and production in Yunnan Peak, and said that a good business environment is very important for economic development and enhancing the vitality of enterprises. The functional departments of Pu'er government at all levels will continue to optimize various tasks, improve work efficiency, and provide services and guarantees for the development of enterprises. Liu Haiping hopes that Yunnan Jianfeng, as a key enterprise and "benchmark enterprise" in Pu'er City, will play a pioneering and exemplary role and jointly promote the construction of the business environment in Pu'er City. (qi jianmei)
2020
11-12
On the afternoon of November 10, the Party committee of the group company held an enlarged meeting to learn the spirit of the Fifth Plenary Session of the 19th CPC Central Committee and make arrangements for the next step of study, publicity and implementation. At the meeting, Jiang Xiaomeng, Secretary of the Party committee and chairman of the group company, together with all members of the Party committee, members of the management team of the group company, heads of functional departments and some party members, studied the communique of the Fifth Plenary Session of the 19th CPC Central Committee and interpreted the spiritual points of the plenary session. Jiang Xiaomeng pointed out that the Fifth Plenary Session of the 19th Central Committee of the Communist Party of China, held in Beijing from October 26 to 29, is a very important meeting held at an important historical moment when the victory of building a moderately prosperous society in an all-round way is in sight and the new journey of building a modern socialist country in an all-round way is about to begin. It fully embodies the foresight of the Party Central Committee with Comrade Xi Jinping as the core in planning the future and the historical responsibility of carrying forward the past, and profoundly points out the guidelines, objectives, tasks, and strategic measures for China's development in the coming period. It is of great and far-reaching significance to mobilize and encourage the whole Party and the people of the whole country to continue to seize the important strategic opportunity period and promote the comprehensive construction of a socialist modern country. In response to the goals and some hot issues raised in the plenary communiqué, such as how to achieve the 2035 long-term goal, the key goals of economic and social development during the "14th Five-Year Plan" period, why the emphasis is on adhering to the party's overall leadership and strengthening the centralized and unified leadership of the party Central Committee. The main risks and challenges facing economic development in the next five years, how to achieve scientific and technological self-reliance, promote innovation, how to understand the construction, jiang Xiaomeng quoted the answers given by the leaders of relevant central ministries and commissions at the press conference of the plenary session. Jiang Xiaomeng emphasized that China's current development environment is facing profound and complex changes, and there are new developments and changes in opportunities and challenges. The guiding ideology and principles of economic and social development during the "14th Five-Year Plan" period proposed by the plenary session, and the economy during the "14th Five-Year Plan" period The main goals of social development will have a direct impact on the future development of our enterprises. Party organizations at all levels and all employees at the peak must study and study carefully, find the entry point and direction of work, make every effort to complete the annual work goals, and make preparations for the next year. The person in charge of the party organization of the company's overseas enterprises participated in the study through the video conference system. (this newspaper reporter)
2020
11-12
Zhou Zhou, executive vice governor of Qiandongnan Prefecture, sent a message to Huang Ping Jianfeng: fully promote the normalization of production and marketing to make new contributions to Huang Ping's overall well-off society. On October 27, Zhou Zhou, executive vice governor of Qiandongnan Prefecture, Guizhou Province, Yang Zhi, head of Huangping County, and relevant officials of the state and county governments went to Guizhou Huangping Jianfeng Cement Company to investigate and understand the project construction and production situation, and hope that the enterprises will develop as soon and promote regional economic development. Hu Hongwei, general manager of Huang Ping Jianfeng, and other members of the management team made a report on the overall work since the construction of the project started, and accompanied Zhou Zhou Zhou and his party to visit the production line site. In the central control room, Hu Hongwei to Zhou Zhou
2020
11-03
Zhang Xinyu, Vice Mayor of Jinhua City, hopes that Jianfeng Pharmaceutical will aim at cutting-edge science and technology to speed up the development of enterprises. On the afternoon of October 16, Zhang Xinyu, Vice Mayor of Jinhua City, and his party went to the construction site of Jianfeng Pharmaceutical's internationalization project of producing 2 billion pieces of solid preparations annually to conduct research. Accompanied by Huang Jinlong, deputy general manager of the group company and general manager of the pharmaceutical company, and Shen Quan, deputy general manager of the pharmaceutical company, Zhang Xinyu and his entourage visited the preparation workshop under construction and affirmed the civilized construction and safety management of the site. Huang Jinlong introduced the basic situation of the project to Zhang Xinyu and his party. Knowing that Jianfeng Pharmaceutical has introduced world-class production equipment and advanced technology to build a high-end preparation manufacturing platform in order to achieve industrial upgrading, Zhang Xinyu expressed his appreciation and encouraged Jianfeng Pharmaceutical to gain a foothold in China, aim at the world's cutting-edge technology, and accelerate the pace of enterprise development. Continuously enhance the overall competitiveness of the enterprise. (Wang xuesheng/Wen Zhou hengbin/photo)
2020
11-03