Pro 2014-027 (Jianfeng Group Accounting Policy Change Announcement)
Release time:
2020-08-05
Securities Code: 600668 Securities Short Name: Jianfeng Group Announcement No.: 2014-027
Bond Short Name: 13 Jianfeng 01 Bond Code: 122227
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:
l This change in accounting policy is a reasonable adjustment in accordance with the requirements of the Ministry of Finance of the People's Republic of China and will not have a significant impact on the Company's assets, liabilities, profit and loss, cash flow, etc.
1. Overview
The Ministry of Finance has successively revised and issued "Accounting Standards for Enterprises No. 9 - Employee Compensation" and "Accounting Standards for Enterprises No. 30 - Financial Statements Presentation" since 2014 "," Accounting Standards for Business Enterprises No. 33 - Consolidated Financial Statements "," Accounting Standards for Business Enterprises No. 39 - Fair Value Measurement "," Accounting Standards for Business Enterprises No. 40 - Joint Venture Arrangement "," Accounting Standards for Business Enterprises No. 2 - long-Term Equity Investments, Corporate Accounting Standards 41 - Disclosure of Interests in Other Entities, and Corporate Accounting Standards 37 - Presentation of Financial Instruments , and other eight specific standards, and requires that from 2014 7 1 to be implemented within the scope of all enterprises that implement the accounting standards for enterprises. 2014 7 February 23 , the Ministry of Finance issued the "Decision of the Ministry of Finance on Amending < Accounting Standards for Enterprises - Basic Standards > ", which will come into force on the date of promulgation. The China Securities Regulatory Commission issued the "Notice on Doing a Good Job in the Disclosure of Financial Information Related to Newly Promulgated or Revised Accounting Standards in the Quarterly Report of the Third Quarter of 2014". The Shanghai Stock Exchange also used the "Important Reminder" to remind listed companies to do a good job in implementing the new standards when preparing and reviewing the third quarter report. As a A- share listed company,
Company implemented the above revised accounting standards in the quarterly report of the third quarter of 2014 and made corresponding changes to the company's accounting policies. The remaining unchanged parts still adopt the relevant standards and relevant regulations promulgated by the Ministry of Finance on 2006
15 . The 19th meeting of the eighth board of directors of the company reviewed and approved the "Proposal on Changes in the Company's Accounting Policy" and agreed to the company's implementation of the above changes in accounting policies.
Details of 2. Accounting Policy Changes and Their Impact on the Company
1, Impact of Implementing Accounting Standards for Business Enterprises 2
- Long-Term Equity Investment on the Company's Financial Statements According to the Standards, for , "
equity investmentthat does not have control, joint control or significant influence on the invested unit and has no quotation in the active market and whose fair value cannot be reliably measured" shall be treated according to "Accounting Standards for Business Enterprises No. 22 No. -# Recognition and Measurement of 126 Financial Assets. From "Long-term equity investment " to "Available-for-sale financial assets. Impact of Changes in Long-term Equity Investment Standards on Consolidated Financial Reporting
Unit: Yuan Currency: RMBLong Term Equity Investment |
Available-for-Sale Financial Assets |
|
-105,000,000.00 |
105,000,000.00 |
|
-36,363,832.51 |
36,363,832.51 |
|
-66,362,988.10 |
66,362,988.10 |
|
-20,000,000.00 |
241 ,000,000 |
|
| # | Zhejiang Jiaxing Santa Building Materials Co., Ltd.
||
-924,803.00 |
924,803.00 |
|
-330,000.00 |
330,000.00 |
|
-1,200,000.00 |
1,200,000.00 |
|
-230,181,623.61 |
230,181,623.61 |
2
-Long-Term Equity Investments" on the Company's financial statements, the implementation of the remaining standards will not have a material impact on the Company's financial statements. This adjustment will not have a significant impact on the total assets, total liabilities, net assets, and net profit of the company 2013 and the interim report of this year.
Independent Opinions of 3. Independent Directors
The independent directors of the company expressed their independent opinions on this. They believed that: in accordance with the relevant regulations and requirements of the Ministry of Finance and the China Securities Regulatory Commission,has made changes to the company's accounting policies and made retrospective adjustments to the business accounting involved to make the company's accounting policies comply with the relevant regulations of the Ministry of Finance, the China Securities Regulatory Commission and the Shanghai Stock Exchange, it is in the interests of the Company and all shareholders to be able to objectively and fairly reflect the Company's financial position and results of operations. The decision-making process for this change in accounting policy is in compliance with relevant laws, regulations and the Company's Articles of Association, and does not harm the rights and interests of the Company and its small and medium shareholders.
Opinions of the 4. Board of Supervisors
The Board of Supervisors believes that this adjustment is a reasonable change and adjustment in accordance with the relevant accounting standards newly promulgated or revised by the Ministry of Finance in 2014. The implementation of the relevant accounting standards newly promulgated or revised by the Ministry of Finance in 2014 can more objectively and fairly reflect the company's financial situation and operating results; the relevant decision-making procedures are in compliance with relevant laws and regulations and the Company's Articles of Association, and there is no harm to the interests of the Company and its shareholders. The Supervisory Board agreed to change the Company's accounting policies in accordance with the relevant accounting standards newly issued or revised by the Ministry of Finance in 2014.5. Online Announcement Annex
(I) Independent Director's Opinions on Changes in Company Accounting Policies
(II) Company's 7th 13th Board of Supervisors Resolution Announcement
(III) Company's 8th 19th Board of Directors Resolution Announcement
This is hereby announced.
Zhejiang Jianfeng Group Co., Ltd. Board of Directors
October 27, 2014
More information
In March, the authoritative organization of the cement industry successively released two series of lists of China's top 500 building materials enterprises in 2022 and China's top 100 cement clinker production capacity in 2022. Jianfeng Group ranked among the "top 100" in the two lists ". The list of China's top 500 building materials enterprises was officially released in early March. This series of lists was selected by the China Building Materials Enterprise Management Association. Through more than 20 years of comprehensive data research on China's building materials industry, referring to international practices, the rankings are based on the company's annual operating income., Cement products, building ceramics, waterproof materials, aluminum-plastic profiles, coatings, glass, building materials equipment manufacturing and other sub-industries related to building materials. Jianfeng Group ranks 96th among the companies on the list and 27th among the cement manufacturers on the list. On March 16, the awarding ceremony of 2022 China's top 100 cement clinker production capacity list was held in Hangzhou. This series of lists is released by China Cement Network, an authoritative organization in China's cement industry. The ranking is based on the total production capacity (excluding the production capacity of other kiln types and grinding stations) of new dry clinker production lines completed and put into operation by Chinese cement enterprises in China as of December 31, 2022. The data statistics are calculated based on the design production capacity and 310 days of annual operation. Jianfeng Group ranked 53rd with an annual design capacity of 3.627 million tons. (this newspaper reporter)
2023
03-21
Company sends off retired employees
On the morning of February 22, the trade union of the group company held a simple and warm farewell party for retired employees in 2021-2022. More than 50 retired employees gathered together to discuss and exchange with Jiang Xiaomeng and other group leaders.
2023
03-04
On the first day of the new year, group leaders went to the grassroots level.
On January 29, the first day of work after the Spring Festival holiday, the leaders of the group company made a video connection to subordinate enterprises stationed abroad, and separately visited the gold enterprises to learn about the resumption of work and put forward requirements for the implementation of the work plan for the new year.
2023
02-17
Group Companies Commend 2022 Advanced
On the morning of January 18, the group company held the 2022 annual summary commendation meeting to review the work of the previous year, make arrangements for the work in 2023, sign the 2023 economic responsibility system with various professional companies and directly affiliated enterprises, and solemnly commend the 2022 advanced collectives and individuals.
2023
01-29
Jiang Xiaomeng re-elected chairman of the Municipal Federation of Industry and Commerce
On December 24, 2022, the Jinhua Federation of Industry and Commerce (General Chamber of Commerce) held the seventh member representative meeting. Jiang Xiaomeng, secretary of the party committee and chairman of the group company, was re-elected as the chairman of the Municipal Federation of Industry and Commerce at this meeting.
2023
01-12
Peak Pharmaceutical Donates Epidemic Prevention Materials
Since the optimization and adjustment of the new crown infection epidemic management policy, there has been an explosive growth of infected people in the country, and the pressure on the supply of related materials has increased sharply. Before and after New Year's Day, the company has twice organized epidemic prevention materials, through the Jinhua City Charity Federation, Jinhua City Economic and Technological Development Zone Charity Federation targeted donations, a total value of more than 200,000 yuan.
2023
01-12
Contact Us
No. 88 Wujiang East Road, Jinhua City, Zhejiang Province, China
Tel: +86-579-82326868
Fax : +86-579-82324666
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