TigerResearch/tigerbot-earning-plugin huggingface dataset:
For taxable temporary differences related to the initial recognition of goodwill and the initial recognition of assets or liabilities arising from transactions that are neither enterprise merger nor affect accounting profit and taxable income (or deductible loss) at the time of occurrence, the relevant deferred income tax liabilities shall not be recognized. In addition, for taxable temporary differences related to the investments of subsidiaries, associated enterprises and joint ventures, if the Group can control the time of reversal of the temporary differences, and the temporary differences are likely not to be reversed in the foreseeable future, the relevant deferred income tax liabilities shall not be recognized. Except for the above exceptions, the Group shall recognize all other deferred income tax liabilities incurred in the taxable temporary differences.
For deductible temporary differences related to the initial recognition of assets or liabilities arising from transactions that are neither enterprise merger nor affect accounting profit and taxable income (or deductible loss) at the time of occurrence, the relevant deferred income tax assets shall not be recognized. In addition, for the deductible temporary differences related to the investment of subsidiaries, associated enterprises and joint ventures, if the temporary differences are not likely to be reversed in the foreseeable future, or it is not likely to obtain the taxable income used to offset the deductible temporary differences in the future, the relevant deferred income tax assets shall not be recognized. Except for the above exceptions, the Group shall recognize the deferred income tax assets arising from other deductible temporary differences to the extent that taxable income is likely to be obtained for deducting the deductible temporary differences.
For deductible losses and tax deductions that can be carried down in subsequent years, the corresponding deferred income tax assets shall be recognized with the limit of the future taxable income which is likely to be obtained for deducting the deductible losses and tax deduction.
Deferred income tax assets and deferred income tax liabilities shall be calculated on the balance sheet date based on the applicable tax rate during the period of expected recovery of relevant assets or clearing off relevant liabilities according to tax laws.
On the balance sheet date, it is required to recheck the book value of the deferred income tax assets. If sufficient taxable income is not likely to be obtained for deducting the interest of deferred income tax assets in the future, the book value of deferred income tax assets shall be written down. When it is very likely to obtain enough taxable income the write-down amount shall be reversed.
(3)   Income tax expenses
The income tax expenses comprise the current income tax and deferred income tax.
Moreover, the other current income tax and deferred income tax expenses or earnings shall be included into the current profits and losses, except for book value of goodwill which is adjusted on the basis of the deferred income tax caused by the enterprise merger, and that the current income tax and the deferred income taxes related to other comprehensive incomes or transaction or affairs of direct recording in the shareholders' equities are included into other comprehensive incomes or shareholders' equities.
(4)  Offset of income tax
When it has the legal rights of settlement based on the net amount and it intends to make settlement based on net amount, obtain assets or offset liabilities simultaneously, the current income tax assets and current income tax liabilities of the Group shall be presented based on the net amount after offsetting.
When it has the legal rights of settling the current tax assets and current income tax liabilities based on the net amount, and the deferred income tax assets and deferred income tax liabilities are related to income tax levied to the same subject of tax payment by the same tax collection and administration department or are related to different taxpayer, but in each important period of deferred income tax assets and liabilities reverse in the future, and when the involved taxpayer intend to settle the current income tax assets and liabilities based on the net amount or obtain assets and pay off the liabilities at the same time, the Group's deferred income tax assets and deferred income tax liabilities shall be presented after offsetting.
30. Lease
Lease refers to a contract in which it is agreed that the lessor transfers the use right of assets to the lessee to get corresponding consideration within a certain period.
The Group evaluates whether the contract is used for lease or includes the lease on the contract commencement date. Where either party thereto assigns one or more use rights of the recognized assets under its control in a certain period to get consideration, the contract is a lease or includes a lease.
In order to determine whether the contract transfers the right of controlling the use of an identified asset for a certain period of time, the Group conducts the following assessment:
- Whether the contract involves the use of the identified asset. The identified asset may be explicitly specified by the contract, or implicitly specified when the asset is available for use by the customer, and the asset is physically distinguishable, or in the event that any production capacity of the asset or other part of the asset is physically indistinguishable, but it substantially represents the full capacity of the asset, and thus enables the customer to have access to almost all the economic benefits arising from the use of the asset. If the supplier of the asset has the substantial right of replacing the asset throughout the period of use, then the asset is not attributed to an identified asset;
- Whether the lessee has the right to acquire almost all the economic benefits arising from the use of the identified asset during the period of use;
- Whether the lessee has the right to direct the use of the identified asset during the period of use.
If the contract contains multiple separate leases at the same time, the lessee and lessor will split the contract and have each separate lease separately subject to accounting treatment. If the contract includes lease and non-lease parts at the same time, the lessee and the lessor will split them separately.
(1)  Lessee
At the beginning date of the lease term, the Group recognizes the right-of-use asset and lease obligation of the lease. The right-of-use asset is initially measured at cost, including the initial measurement amount of the lease obligation, the lease payment paid at or before the beginning date of the lease term (less the amount of lease incentives already granted), the initial direct expenses incurred, and the costs expected to be incurred to demolish and remove the leased asset, restore the site where the leased asset is located or restore the leased asset to the state agreed upon in the provisions of the lease.
The Group employs the straight-line method to depreciate right-of-use assets. If the ownership of the leased assets can be reasonably confirmed to be obtained upon expiry of the lease term, the depreciation of leased assets shall be withdrawn by the Group during the remaining service life thereof; Otherwise, the leased asset is depreciated during the shorter of the lease term and the remaining service life of the leased asset. Impairment provisions for right-of-use assets shall be made in accordance with the accounting policies described in Note 5 21 "Impairment of long-term assets".
The lease obligation is initially measured at the present value of the lease payment that has not been paid at the beginning date of the lease term, and the discount rate is the implicit rate of the lease. If the implicit rate of the lease cannot be determined, the incremental borrowing rate of the Group shall be adopted as the discount rate.
The Group calculates the interest expense of the lease obligation for each period of the lease term at a fixed periodic interest rate, which is included into the current profits and losses or relevant asset costs. The variable lease payment not included into the measurement of lease obligations will be included into the current profits and losses or relevant asset costs when it actually occurs.
In case of any of following circumstances after the beginning date of the lease term, the Group will remeasure lease obligations at the present value of the lease payment after any change:
-Where the amount payable anticipated changes according to the guaranteed residual value;-Where the index or ratio used for recognizing the lease payment changes;
-Where there is a change in the Group's assessment results of the option of purchase, renewal option or option of termination of lease or the actual exercising of the termination of the renewal option or option of termination of lease is inconsistent with the original assessment result.
When the lease obligation is measured anew, the Group will adjust the book value of right-of-use assets accordingly. If the book value of the right-of-use asset has been reduced to zero, but the lease obligation still needs to be further reduced, the Group will include the remaining amount in the current profits and losses.
The Group chooses not to confirm the right-of-use asset and lease obligation for short-term lease (with a lease term not exceeding 12 months) and low-value asset lease as well as includes related lease payment into the current profits and losses or relevant asset costs in each period within the lease term pursuant to the straight-line method.
(2)  Lessor
At the beginning date of the lease term, the Group divides leases into financing and operating leases. Financing lease refers to a lease in which almost all the risks and rewards related to the ownership of the leased asset are essentially transferred, regardless of whether the ownership is finally transferred or not. The operating lease refers to the other leases except for the financing lease.
The Group, as the lessor, provides classification of subleases based on the right-of-use assets created by the original lease rather than the underlying assets of the original lease. If the original lease is a short-term lease and the Group chooses to apply the simplified treatment of the above short-term lease to the original lease, then the Group classifies the sublease as an operating lease.
Under financing leases, at the beginning date of the lease term, the Group confirms financing lease receivables for financing lease and derecognizes the financial leasing assets. The Group regards the net investment in a lease as the entry value of financing lease receivables at the time of initial measurement of financing lease receivables. The net investment in a lease is the sum of the present value of unguaranteed residual value and lease receipt not received yet on the beginning date of the lease term which is subject to discounting at the interest rate implicit in the lease term.
The Group calculates and recognizes the Interest revenue in each period within the lease term according to a fixed periodic rate. The derecognition and impairment of financing lease receivables shall be treated in accordance with the accounting policies described in Note 5 9 Financial Instruments and 10 Financial Assets Impairment. The variable lease payment which is not included into the net lease investment shall be included into current profits and losses when it actually occurs.
The lease receipts of operating lease are confirmed as rent revenue in each period within the lease term in light of straight-line method. The Group capitalizes the initial direct expenses incurred in connection with operating leases, apportioned them over the lease term on the same basis as the rent revenue recognition, and recorded into the current profits and losses by stages. The variable lease payment which is not included into the lease receipt shall be included into current profits and losses when it actually occurs.
31. Related party
If one party controls or jointly controls the other party or imposes significant impact on the other party, and two or more parties are controlled or jointly controlled by one party, these parties are related parties. Related party can be individual or enterprise. An enterprise that is only controlled by the state but does not have other related party relationships does not constitute a related party.
In addition, the Company also determines the Group or related parties of the Company in accordance with the Administrative Measures for the Disclosure of Information of Listed Companies promulgated by the CSRC.
32. Segment reporting
See XVI, 1 "Segment Information" for details of accounting policies related to segment reporting for details.
33. Other important accounting policies and estimates
(1) Repurchased shares
If the Group reduces its capital by acquiring the shares of the Company with approval, then it shall reduce equities according to the total amount of the face value of cancelled shares, and adjust owners' equities according to the difference between the price paid to purchase shares back (including transaction cost) and the face value of shares. The part exceeding the total face value shall be used to write down capital reserve(share capital premium), surplus reserve and undistributed profit. If the price is lower than the total face value, then the part lower shall be added with capital reserve (share capital premium).
Shares repurchased by the Group shall be managed as treasury shares before they are cancelled or transferred; total expenditure of repurchased shares shall be transferred as the cost of treasury shares.
When treasury shares are transferred, the part higher than their cost shall be transferred to increase capital reserve (share capital premium); the part lower than the cost of treasury shares shall write down capital reserve (share capital premium), surplus reserve and undistributed profit in sequence.
If the Group repurchase shares for the reason of equity incentive, it shall treat all expenses on shares repurchase as treasury shares while repurchasing and make registration for future reference.
(2) Hedge accounting
Some financial instruments are used as hedging tools by the Group to avoid certain risks. For those hedges meeting requirements specified, the Group will deal with them by hedge accounting method. The hedge of the Group is fair value hedge. The hedge for foreign exchange risk of firm commitment is used as fair value hedge by the Group.
The hedging tool and the hedged item are formally specified by the Group at the beginning of hedge with written documents about the hedging relationship, risk management strategy and risk management objectives. In addition, the hedge effectiveness will be assessed continuously by the Group from the beginning of hedge.
(a) Fair value hedge
The gains or losses from the hedging tool specified as fair value hedge with qualification are included into the current profits and losses. Otherwise, the gains and losses from non-transactional equity instruments (or their components) measured at the fair value with their changes included into other comprehensive incomes are included into other comprehensive income. The gains or losses formed from the hedging risks of the hedged item shall be included into the current profits and losses and the book value of the confirmed hedged items not measured at fair value shall be adjusted simultaneously. The gains or losses from the hedged item that are measured at fair value are included into the current profits and losses and other comprehensive income without book value adjusting.
The hedge accounting is terminated when the hedging relationship is revoked by the Group, the hedging tool is expired or sold, the contract is terminated or exercised, or the condition is out of qualification.
(3) Fair value measurement
Fair value, refers to the price that market participant can obtain or needs to pay after selling an asset or transferring a liability, among the orderly transactions made on the measurement date. The Group measures relevant asset or liability and considers the characteristics of this asset or liability at fair value; supposes the selling of assets or transfer of liabilities by market participant are orderly transaction under current market conditions; supposes the orderly selling of assets or transfer of liabilities are carried out in the main market of relevant assets or liabilities; supposes the transaction is made in the most favorable market for relevant assets or liabilities when there is no main market. The Group adopts the assumptions that market participants use to maximum their economic benefits when they price assets or liabilities.
The Group judges whether the fair value at initial recognition equals to its transaction price according to transaction nature and the characteristics of relevant assets or liabilities; if the transaction price is not equal to the fair value, relevant gains or losses will be included into the current profits and losses, unless otherwise specified by relevant accounting standards.
The Group adopts the valuation technique that is applicable to the current situation and has enough available data and other information to support. Mainly used valuation techniques include market approach, income approach and cost method. In the application of valuation techniques, relevant observable input values shall be used first, and unobserved input values can only be used when relevant observable input values cannot be obtained or it is not feasible to obtain them.
Input values used by the Group for fair value measurement is divided into 3 levels. The first level of input values will be used first, and then the second level and the third level. First level of input values are the quotations of same assets or liabilities that can be obtained on the measurement date and are not adjusted in the active market; the second level of input values are the direct or indirect observable input values of relevant assets or liabilities other than the first level of input values; the third level of input values are the unobservable input values of relevant assets or liabilities. The Group measures non-financial assets with fair value, considers market participant's ability to use this asset in the best way to generate economic benefits, or the ability to sell this asset to other market participants who can use this asset in the best way to generate economic benefits. To measure a liability with fair value, the Group supposes this liability is transferred to other market participants on the measurement date, and further exists after transfer, and the market participant, who is the transferee, performs obligations. To measure one's own equity instrument with fair value, suppose this equity instrument is transferred to other market participants on the measurement data, and further exits after transfer, and the market participant, as the transferee, obtains relevant rights to this instrument and undertakes corresponding obligations.
34. Change of important accounting policies and estimates
(1) Change of important accounting policies
Content and reasons for changes in accounting policies
In 2022, the Group implemented the relevant provisions and guidelines of in Accounting Standards for Business Enterprises issued by the Ministry of Finance in recent years, mainly including:
-Provisions of "Accounting treatment for enterprises to sell products or by-products produced before fixed assets reach the preset serviceable state or during R&D" ("Accounting treatment for trial operation sales") in Interpretation No.15 of Accounting Standards for Business Enterprises (CK[2021] No.35) (Interpretation No.15);
-Provisions in Interpretation No.15 "Judgement on Loss Contracts";
-Provisions of "Accounting Treatment on Income Tax Impact of Dividends Related to Financial Instruments Classified as Equity Instruments by Issuers" in Accounting Standards for Business Enterprises Interpretation No.16 (CK [2022] No.31) (Interpretation No.16);
-Provisions on "Accounting treatment of enterprises to change cash-settled share-based payments to equity-settled share-based payments" in Interpretation No.16.
The adoption of the requirements has not had a significant impact on the financial condition and operating results of the Group.
(2) Change of important accounting estimates
VI. Taxes
Tax| Tax base| Tax rate
 VAT| The taxable revenue from sales of commodities or rendering of services| Taxable income is calculated at output tax rates of 0, 6%, 9%, and 13%, and VAT is calculated based on the difference after deducting the input tax allowable for the current period.
 Urban maintenance and construction tax| VAT payable|7%
 Enterprise income tax| Taxable income| Corporate income tax rate is 25%. Shaoxing Supor, Zhejiang WMF and Hainan Supor E-Commerce Company are taxed at a preferential tax rate of15%. Wuhan Recycling and Shanghai Marketing are taxed at a preferential tax rate of  20%.Overseas subsidiary Indonesian Company is taxed at a 22% rate, Supor Vietnam and AFS are taxed at 20%, and SEADA is taxed at 17%.
 Education surcharge| VAT payable|3%
 Local education surcharge| VAT payable|2%
 Housing property tax|1.2% of the residual value after deducting 30% of the original value of the property is calculated and paid in case of ad valorem; for housing property levied on the basis of rent, housing property tax is levied at the rate of 12% of rent revenue.|1.2%、12%
2. Tax preferences
Pursuant to GKHZ [2020] No. 32 document, Shaoxing Supor ejiang Shaoxing Supor Domestic Electrical Appliances Co., Ltd and Zhejiang WMF renewed the hi-tech enterprise qualification in 2022 and is entitled to enjoy the preferential tax rate of 15% for the three-year period starting from January 1, 2022.
According to the Enterprise Income Tax Law of the People's Republic of China and its implementation regulations, the Notice on Preferential Policies for Enterprise Income Tax in Hainan Free Trade Port (CS [2020] No.31) as well other provisions, business income tax will be levied at a rate of 15% for encouraged industrial enterprises registered and substantially operating in the Hainan Free Trade Port from January 1, 2020 to December 31, 2024. Meeting the e-commerce in the encouraged industries catalogue, Hainan Supor E-Commerce Company applies the preferential tax rate of 15% in 2022.
In accordance with the Announcement of the State Taxation Administration on Matters Related to the Implementation of the Preferential Income Tax Policies for the Development of Small and Low-profit Enterprises and Individual Business (State Tax [2021]-No. 8), from January 1,2021 to December 31, 2022, for the part of the annual taxable income of small and low-profit enterprises that does not exceed RMB 1 million, a reduced rate of 12.5% shall be applied, and the corporate income tax shall be paid at a tax rate of 20%. Meanwhile, according to the Announcement of the Ministry of Finance and State Taxation Administration on Further Implementation of Preferential Income Tax Policies for Small and Micro- sized Enterprises (Finance and Taxation (2022)-No. 13), from January 1, 2022 to December 31, 2024, for the part of the annual taxable income of small and low-profit enterprises that exceeds RMB 1 million but less than RMB 3 million yuan, a reduced rate of 25% shall be applied, and the corporate income tax shall be paid at a tax rate of 20%. Among which, Wuhan Recycling and Shanghai Marketing meet the standards of small and low-profit enterprises in 2022, therefore the preferential tax rate at 20% is applicable in 2022.
VII. Notes to Items of Consolidated Financial Statements
Item| Closing balance| Opening balance
 Cash on hand|56,591.47|71,122.80
 Cash in bank|3,215,677,104.23|2,420,563,810.46
 Other monetary capitals|347,407,212.05|233,417,484.21
 Total|3,563,140,907.75|2,654,052,417.47
 Including: deposited overseas|207,979,588.92|78,040,992.57
Other remarks: