Sany accounting estimate mutation more increase the first 3 quarter net profit 470 million

Sany accounting estimate mutation more

View the latest market
The securities times reporter zhang yingying
By macroscopic economic downturn, real estate regulation of the factors such as construction machinery industry with the third quarter performance test. Recently announced the prosecution Obama sany (micro Po) (9.57, 0.06, 0.63%) (600031), has suddenly announced accounting estimate change, which is expected to increase company three quarterly report net profit of about 470 million yuan.
Sany (micro Po) says, on October 19, the board of directors of the company adopted the "about accounting estimate change bill". According to the bill, the company decided to since July 1st, 2012 to receivables "according to the credit risk characteristics combination ageing analysis bad debt reserve withdrawal scale" accounting estimate change.
Announcement said the accounting estimate change need not to have the disclosure of financial reporting back adjustment, nor to the company before the annual financial position and operating results of an impact, but the company 1 ~ 9 months affect net profit. The company preliminary estimates, the "accounting estimate change" is expected to increase company three quarterly report net profit of about 470 million yuan. Reporter inquires the material found that sany reservation three quarterly report disclosure time for October 30,, near the company due to three quarterly report disclosure time, the adjustment and accounting policies, regulate the intention of the performance obviously.
Announcement shows that sany reconciliation age 4 years within the receivables provision ratio all have different degrees of lower. For example, before the contract gathering day receivables provision ratio decreased from 2% to 1%, within 1 year (including 1 year) of receivables decreased from 5% to 1%; But for more than four years of receivables provision ratio is raised, such as the 4 ~ 5 years to 70% from 50%, and 5 years or above is from 50% to 100%.
Sany semi-annual report shows, the company by the ageing analysis provision of bad debt reserve accounts receivable aging, mainly concentrated in the "not to contract gathering day" and "within 1 year". The above two amount in the annual report in half respectively for 11.2 billion yuan and 10.3 billion yuan, the total accounted for at the end of the first half the company accounts receivable total 23.3 billion yuan of 92.27%.
Before and after the change of receivables provision for bad debts withdrawal proportion situation