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
Editor's note: During the National Day, the "Jinhua New Observation" column of Jinhua TV Station launched a series of reports on "National Day New Observation: New Development of Old Enterprises" to understand the new developments of those old enterprises that have grown up with New China in the new era. October 3 broadcast of the "peak of the 'centennial 'ideal", about the development of the peak group and the future direction of development. The "century" ideal of the peak Jinhua TV reporter Wang Dujuan Jiang Qian host: speaking of Zhejiang Jianfeng Group Co., Ltd., Jinhua people are no stranger. The older generation of Jinhua people are more familiar with, may be the predecessor of Jianfeng Group-Jinhua Cement Factory. Open the first old photo 58 years ago, surrounded by mountains and a rice field in the middle. Old Jinhua can see at a glance that this is the Wise Temple, 8 kilometers north of Jinhua City and east of the former Zhuangtou of Luodian Town. In August 1958, the first group of pioneers came here and built Jinhua's first cement factory on a desolate hillside of 16.94 mu with a pair of hands and warm blood. From the earliest cattle-drawn ball forming machine to the electric ball forming machine, from pure manual labor to machine substitution, it took 26 years of hard work. By 1983, the annual output of peak cement reached 120000 tons, the output value was 6.75 million yuan, and the profit was 2.4 million yuan. In these 26 years, the cement plant has experienced a difficult period of the country, and the ten-year catastrophe of the "Cultural Revolution" has finally ushered in a good time of reform and opening up with tenacious vitality, laying the foundation for steady development in the future. Looking at these old pictures,
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Peak Cement Successfully Enters Lancang Airport Project
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2020
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Jianfeng won the Zhejiang Industrial Award
A few days ago, we learned from the relevant departments of Zhejiang Province that the company won the 2016 "Zhejiang Industrial Award Silver Award". Zhejiang Industrial Award was established in 2014 and is selected every two years. The purpose of carrying out the selection and commendation of the Zhejiang Industrial Awards is to thoroughly implement the "August 8 Strategy", comprehensively implement the innovation-driven development strategy, speed up the industrial transformation and upgrading with the "four for three" as the starting point, and commend the adherence to the scientific concept of development. adhere to industry, conscientiously fulfill social responsibilities, establish a modern enterprise system, and take a new road of industrialization with characteristics. The evaluation work is jointly organized and implemented by Zhejiang Industrial Economic Federation, Enterprise Federation, Entrepreneur Association, relevant provincial industry associations, municipal industrial economic federations, enterprise federations, entrepreneur associations, and relevant units. The award review committee is composed of relevant government departments, provincial "three committees", relevant provincial industry associations, and experts in industrial economy, management, finance, taxation, quality, environmental protection, safety, technology, and law, the participating enterprises are comprehensively evaluated from the aspects of industry demonstration role, scientific and technological innovation, economic benefits, resource utilization, environmental protection, brand strategy, product quality, production safety, social responsibility, enterprise management, human resources and so on. "The enterprises that have won the Zhejiang Industrial Award this time are all outstanding enterprises that have made significant contributions to the promotion of Zhejiang's economic development; they are all leading enterprises, backbone enterprises, and high-growth enterprises from different industries, representing the scale of Zhejiang's industrial development. The direction and leading spirit represent the highest level of Zhejiang's industrial development." According to the organizers related negative
2020
07-31
Peak Cement Successfully Enters Lancang Airport Project
News from our newspaper On September 26, the first batch of airport runway cement produced by Yunnan Jianfeng Cement Company was successfully delivered to the Lancang Airport site, which marked another important step in the expansion of Jianfeng Cement in the southwest Yunnan market. Lancang Airport is located in Donghi Town, Lancang Lahu Autonomous County, Pu'er City. It is the center of the "three counties" and "Pu'er Green Triangle" tourist areas of Lancang, Menglian and Ximeng, with a wide range of radiation and obvious location advantages. The project is a national "Twelfth Five-Year Plan" construction project and a key construction project in Yunnan Province. It was approved by the State Council and the Central Military Commission in January 2013. It started construction at the end of November 2014 and is expected to be completed in April 2017. The current project of Lancang Airport is designed to meet the target of 250000 passenger throughput and 750 tons of cargo throughput by 2020, including the construction of a 2600-meter-long and 45-meter-wide runway, the construction of a new 3000-square-meter terminal building and 4 apron parking spaces, including communication, navigation, lighting, meteorology and other supporting projects. The total investment of the project is 1.533 billion yuan. Upon completion, it can be used for Boeing 737 series, Airbus A319 and A320 series, MA-60 and other passenger aircraft take off and land. Since the start of the Lancang Airport project, Yunnan Peak has listed it as an important goal to strive. Compared with ordinary cement, special cement for airport runways has the characteristics of small shrinkage, strong wear resistance, good frost resistance and low alkali content in addition to the requirements of ordinary 42.5 Portland cement. To this end, Yunnan peak in the project to strive for at the same time, the collection of technical forces to tackle the problem, in the clinker composition to determine, cooked.
2020
07-31
Peak Cement Successfully Enters Lancang Airport Project
News from our newspaper On September 26, the first batch of airport runway cement produced by Yunnan Jianfeng Cement Company was successfully delivered to the Lancang Airport site, which marked another important step in the expansion of Jianfeng Cement in the southwest Yunnan market. Lancang Airport is located in Donghi Town, Lancang Lahu Autonomous County, Pu'er City. It is the center of the "three counties" and "Pu'er Green Triangle" tourist areas of Lancang, Menglian and Ximeng, with a wide range of radiation and obvious location advantages. The project is a national "Twelfth Five-Year Plan" construction project and a key construction project in Yunnan Province. It was approved by the State Council and the Central Military Commission in January 2013. It started construction at the end of November 2014 and is expected to be completed in April 2017. The current project of Lancang Airport is designed to meet the target of 250000 passenger throughput and 750 tons of cargo throughput by 2020, including the construction of a 2600-meter-long and 45-meter-wide runway, the construction of a new 3000-square-meter terminal building and 4 apron parking spaces, including communication, navigation, lighting, meteorology and other supporting projects. The total investment of the project is 1.533 billion yuan. Upon completion, it can be used for Boeing 737 series, Airbus A319 and A320 series, MA-60 and other passenger aircraft take off and land. Since the start of the Lancang Airport project, Yunnan Peak has listed it as an important goal to strive. Compared with ordinary cement, special cement for airport runways has the characteristics of small shrinkage, strong wear resistance, good frost resistance and low alkali content in addition to the requirements of ordinary 42.5 Portland cement. To this end, Yunnan peak in the project to strive for at the same time, the collection of technical forces to tackle the problem, in the clinker composition to determine, cooked.
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Peak two enterprises were commended
On September 23, the launching ceremony of the 2016 Jinhua Zhejiang Shopping Festival and the 2015 Jinhua Honest Enterprise Commendation Conference were held in the urban people's square. Jianfeng Group's Jinhua Jianfeng Pharmacy Chain Co., Ltd. and Zhejiang Jianfeng International Trade Co., Ltd. were commended.
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