ST花王(603007) - 2023 Q4 - 年度财报(更正)

Announcement on the Correction of the 2023 Annual Report Announcement Explanation The company issued a correction to its 2023 annual report due to employee oversight - The company corrected parts of its 2023 annual report due to employee oversight[2] - This correction does not involve financial statement adjustments and will not impact the company's 2023 financial position or operating results[2] I. Details of the Annual Report Correction The correction addresses six areas including supplier data, impairment provisions, and accounts receivable details (I) Correction of Major Supplier Information The company corrected the purchase amounts and percentages for its top five suppliers in 2023 Correction of Top Five Supplier Purchases | Item | Before Correction | After Correction | | :--- | :--- | :--- | | Purchase amount from top five suppliers (CNY 10,000) | 22,848.84 | 6,156.50 | | Percentage of total annual purchases | 57.68% | 41.15% | (II) Correction of Impairment Provision Accuracy for Receivables and Contract Assets The company adjusted the cumulative impairment provisions for various receivables, resulting in a slight decrease Correction of Impairment Provision Amounts | Item | Before Correction (CNY 10,000) | After Correction (CNY 10,000) | | :--- | :--- | :--- | | Credit impairment provision | 50,805.91 | 50,798.41 | | Contract asset impairment provision | 7,411.51 | 7,338.69 | | Total impairment provision | 58,217.42 | 58,137.10 | (III) Correction of Top Five Accounts Receivable and Contract Assets in Consolidated Financial Statements The company adjusted bad debt provisions and balance percentages for its top five debtors in the consolidated statements Correction of Top Five Accounts Receivable and Contract Assets in Consolidated Statements | Company Name | Item | Before Correction | After Correction | | :--- | :--- | :--- | :--- | | CITIC General Institute of Architectural Design and Research Co, Ltd | Percentage of total closing balance of A/R and contract assets (%) | 14.87 | 14.45 | | Liaocheng Min'an Real Estate Co, Ltd | Closing balance of bad debt provision | 8,913,216.06 | 9,641,412.85 | | Liaocheng Min'an Real Estate Co, Ltd | Percentage of total closing balance of A/R and contract assets (%) | 11.07 | 10.75 | | Huawang International Construction Group Co, Ltd | Percentage of total closing balance of A/R and contract assets (%) | 5.28 | 5.13 | | Total | Percentage of total closing balance of A/R and contract assets (%) | 47.20 | 45.85 | | Total | Closing balance of bad debt provision | 147,095,669.66 | 147,823,866.45 | (IV) Correction of Individually Assessed Bad Debt Provisions for Contract Assets in Consolidated Financial Statements The company revised the individually assessed bad debt provision rates for several clients, with significant changes Correction of Individually Assessed Bad Debt Provision Rates for Contract Assets in Consolidated Statements | Name | Provision Rate Before Correction (%) | Provision Rate After Correction (%) | | :--- | :--- | :--- | | Liaocheng Min'an Real Estate Co, Ltd | 4.33 | 8.71 | | CITIC General Institute of Architectural Design and Research Co, Ltd | 12.16 | 50.00 | | Zhengzhou Water Construction Investment Co, Ltd | 7.83 | 100.00 | | Tongchuan Yaozhou District Housing and Urban-Rural Development Bureau | 2.97 | 38.00 | | Sinohydro Bureau 11 Co, Ltd (Zhengzhou) | 3.70 | 50.00 | | Sichuan Tianzhu Bamboo Resources Development Co, Ltd | 1.74 | 100.00 | | Hunan Jiuhua Oriental Hotel Co, Ltd | 0.84 | 100.00 | | 250 Provincial Road Pizhou South Section Construction Headquarters | 0.29 | 100.00 | | Huawang International Construction Group Co, Ltd | 0.12 | 92.27 | | Total | 33.97 | 33.97 | (V) Correction of Current Period Bad Debt Provision for Contract Assets in Consolidated Financial Statements The company adjusted the disclosure format and figures for current period bad debt provisions Correction of Current Period Bad Debt Provision for Contract Assets in Consolidated Statements Before Correction: | Item | Current Period Provision | Current Period Reversal or Recovery | Current Period Write-off/Derecognition | | :--- | :--- | :--- | :--- | | Individually Assessed | 64,122,130.32 | 15,084,810.81 | 9,199,295.63 | | Collectively Assessed | 7,014,381.26 | | 3,635,107.08 | | Total | 71,136,511.58 | 15,084,810.81 | 12,834,402.71 | After Correction: | Item | Current Period Provision | Current Period Reversal or Recovery | Current Period Write-off/Derecognition | | :--- | :--- | :--- | :--- | | Individually Assessed | 15,084,810.81 | 9,199,295.63 | | | Collectively Assessed | | 3,635,107.08 | | | Total | 15,084,810.81 | 12,834,402.71 | | (VI) Correction of Top Five Accounts Receivable and Contract Assets in Parent Company Financial Statements The company adjusted the bad debt provision for a key debtor in the parent company's financial statements Correction of Top Five Accounts Receivable and Contract Assets in Parent Company Statements | Company Name | Item | Before Correction | After Correction | | :--- | :--- | :--- | :--- | | Liaocheng Min'an Real Estate Co, Ltd | Closing balance of bad debt provision | 9,641,412.85 | 8,913,216.06 | | Total | Closing balance of bad debt provision | 160,801,643.79 | 160,073,477.00 | Other Information The company commits to improving its review process and apologizes for any inconvenience caused to investors - The company will strengthen its periodic report review process to enhance information disclosure quality and prevent similar occurrences[16] - The company sincerely apologizes for any inconvenience caused to investors by this correction[16]