TigerResearch/tigerbot-earning-plugin huggingface dataset:
If the net amount of fair value of the disposal group held for sale on the subsequent balance sheet date less sales expenses increases, the amount reduced for accounting in previous periods shall be restored, and shall be reverted in the impairment loss recognized in respect of the non-current assets which are applicable to relevant measurement provisions after classification into the category of held for sale, with the reverted amount charged in profit or loss for the current period. The written-off carrying value of goodwill and impairment loss of non- current assets which is recognized prior to classification into the category of held for sale shall not be reverted. The subsequent reversed amount in respect of the impairment loss on assets recognized in the disposal group held for sale will increase the book value in proportion of the book value of each non-current asset (other than goodwill) in the disposal group.
(6) The non-current assets in the non-current assets or disposal group held for sale is not depreciated or amortized, and the debt interests and other fees in the disposal group held for sale continue to be recognized.
(7)If the non-current assets or disposal group are no longer classified as held for sale since they no longer meet the condition of being classified as held for sale or the non-current assets are removed from the disposal group held for sale, they will be measured at the lower of the following: 1) the amount after their book value before they are classified as held for sale is adjusted based on the depreciation, amortization or impairment that should have been recognized given they are not classified as held for sale; 2) the recoverable amount.
(8) The unrecognized profits or loss will be recorded in the current profits or loss when derecognizing the non- current assets or disposal group held for sale.
35. Discontinued operation
A discontinued operation is a separately identified component of the Group that either has been disposed of or is classified as held for sale, and satisfies one of the following conditions: (1) represents a separate major line of business or geographical area of operations; (2) is part of a single co-ordinate plan to dispose of a separate major line of business or geographical area of operations; and (3) is a subsidiary acquired exclusively with a view to resale.
36. Income tax accounting
The Company accounted the income tax in a method of debit in balance sheet. The income tax expenses include income tax in the current year and deferred income tax. The income tax associated with the events and transactions directly included in the owners’equity shall be included in the owners’equity; and the deferred income tax derived from business combination shall be included in the carrying amount of goodwill, except for that above, the income tax expense shall be included in the profit or loss in the current period.
The income tax expense in the current year refers to the tax payable, which is calculated according tothe tax laws on the events and transactions incurred in the current period. The deferred income tax refersto the difference between the carrying amount and the deferred tax assets and deferred tax liabilities at Current Year-end recognized in the method of debit in the balance sheet.
37. Segment information
Business segment was the major reporting form of the Company, which divided into four parts: air- conditioning, refrigerator & freezer& washing machine,small home appliance and others. The transfer price among the segments will recognize based on the market price, common costs will allocated by income proportion between segments except for the parts that without reasonable allocation.
38. Explanation on significant accounting estimation
The management of the Company needs to apply estimation and assumption when preparing financial statement which will affect the application of accounting policy and amounts of assets, liabilities, income and expense. The actual condition may differ from the estimation. Constant evaluation is conducted by the management in respect of the key assumption involved in the estimation and judgment of uncertainties. Effect resulting from change of accounting estimation is recognized in the period the change occurs and future periods.
The following accounting estimation and key assumption may result in material adjustment to the book value of assets and liabilities in future period.
(1) Inventory impairment provision
The Company's provision for impairment of inventories on the balance sheet date is the part of the net realizable value lower than the cost of inventories. The net realizable value of the inventory of goods that are directly used for sale, such as the goods in stock, the goods sent out, and the materials for sale, and the low- consumption goods, shall be determined by the amount of the estimated selling price of the inventory minus the estimated selling expenses and relevant taxes. The net realizable value of the material inventory held for production is determined by the  amount of the estimated selling price of the finished product produced minus the estimated cost to be incurred at the time of completion, the estimated selling expenses and relevant taxes.
(2) Accounting estimation on long-term assets impairment provision
The Company makes impairment test on fixed assets such as buildings, machine and equipment which have impairment indication and long-term assets such as goodwill as at the balance sheet date. The recoverable amount of relevant assets and assets group shall be the present value of the projected future cash flow which shall be calculated with accounting estimation.
If the management amends the gross profit margin and discount rate adopted in calculation of future cash flow of assets and assets group and the amended gross profit margin is lower than the currently adopted one or the amended discount rate is higher than the currently adopted one, the Company needs to increase provision of impairment provision. If the actual gross profit margin is higher (or the discount rate is lower) than the estimation of management, the Company can not transfer back the long term assets impairment provision provided already.
(3) Accounting estimation on realization of deferred income tax assets
Estimation on deferred income tax assets needs estimation on the taxable income and applicable tax rate for each future year. Realization of deferred income tax assets depends on whether a company is able to obtain sufficient taxable income in future. Change of future tax rate and switch back of temporary difference could affect the balance of income tax expense (gains) and deferred income tax. Change of the aforesaid estimation may result in material adjustment to deferred income tax.
(4) Usable term and residual value rate of fixed assets and intangible assets
The Company, at least at the end of each accounting year, reviews the projected usable life and residual value rate of fixed assets and intangible assets. The projected usable life and residual value rate are determined by the management based on the historical experiences of similar assets by reference to the estimation generally used by the same industry with consideration on projected technical upgrade. If material change occurs to previous estimation, the Company shall accordingly adjust the depreciation expenses and amortization expenses for future period.
(5) Projected liabilities arising from product quality guarantee
The Company commits to repair the major spare parts of refrigerators sold through go-to-countryside promotion activity for free for ten years. As to the maintenance expenses that may be increased arising from such commitment, the Company has provided projected liabilities.
Taking into account the various uncertainties during the ten years, the Company considers no discount factor of such projected liabilities. Instead, the Company reviews the parameters (probility, proportion, maintenance expense per single set) based on the actual occurrence of maintenance expenses as of each balance sheet date. If obvious change is found, the Company will adjust the projected liabilities according to the latest parameters so as to reflect the best estimation.
39. Other comprehensive income
Other comprehensive income represents various gains and losses not recognized in current gains and losses according to other accounting rules.
Other comprehensive income items shall be reported in the following two classes under other relevant accounting rules:
(1)Other comprehensive income items that can not be reclassified into gains and losses in future accounting periods, mainly including changes arising from re-measurement of net liabilities or net assets under defined benefit plan and interest in investee’s other comprehensive income which are measured under equity method and which can not be reclassified into gains and losses in future accounting periods;
(2) Other comprehensive income items that will be reclassified into gains and losses in future accounting periods upon satisfaction of required conditions, mainly includes the share of other comprehensive income that is reclassified into profit and loss when the investee’s subsequent accounting periods are accounted for in accordance with the equity method and meet the specified conditions, the fair value changes occurred by the debt investment that is measured at fair value and whose changes are included in other comprehensive income, the difference between the original book value included in other comprehensive income and the fair value when a financial asset measured at amortized cost is reclassified as a financial asset measured at fair value and its changes are included in other comprehensive income, the loss provisions for financial assets measured at fair value and whose changes are included in other comprehensive income, the gains or losses generated from cash flow hedging instruments are part of effective hedging, and the differences in conversion of foreign currency financial statements.
40. Change of significant accounting policies and accounting estimates
(1) Change of significant accounting policy N/A
(2) Change of significant accounting estimates: N/A
V .  Taxat ion
1. Major taxes and tax rates
Tax (expenses) Tax (expenses) base Tax (expenses) rate
VAT Income from sales of goods and from processing 13%, 9%, 6%, 5%, 3% Urban maintenance and
construction tax
Turnover tax 5% or 7%
Education surcharge Turnover tax 3% Local education
Turnover tax 2%
Corporate income tax Taxable income 15%,20%,25%,22%,29%、30% House Property Tax
Original Book value of house property×(1-30%)or annual rent income
1.2% or12%
Land use tax  Actual land area used  1 yuan/M2 to 15 yuan/M2
Description of taxpayers with different corporate income tax rates:
Name Income tax rate
Changhong Meiling Co., Ltd. 15% Zhongke Meiling Cryogenic Technology Co., Ltd. 15%
Zhongshan Changhong Electric Co., Ltd. 15%
Sichuan Hongmei Intelligent Technology Co., Ltd. 20%
Mianyang Meiling Refrigeration Co., Ltd. 15%
Changhong Meiling Ridian Technology Co., Ltd. 15%
Ground Energy Heat Pump Tech. (Zhongshan) Co., Ltd.  15%
Hefei Meiling Nonferrous Metal Products Co., Ltd. 15%
Jiangxi Meiling Electric Appliance Co., Ltd.  15%
Sichuan Changhong Air-conditioner Co., Ltd.  15% Hebei Hongmao Daily Appliance Technology Co., Ltd. 15% Anhui Tuoxing Technology Co., Ltd. 20% Guangzhou Changhong Trading Co., Ltd. 20% Anhui Ling'an Medical Equipment Co., Ltd 20% Hefei Meiling Wulian Technology Co., Ltd 15% Hefei Changhong Meiling Life appliance Co., Ltd. 15% CH-Meiling International (Philippines) Inc. 30% ChanghongRuba Trading Company (Private) Limited 29% CHANGHONG MEILING ELECTRIC INDONESIA,PT 22%
2. Preferential tax
(1) On August 17, 2020, the company obtained the high-tech enterprise certificate numbered GR202034000222 approved by the Anhui Provincial Department of Science and Technology, Anhui Provincial Department of Finance, and Anhui Provincial Taxation Bureau of the State Administration of Taxation, and enjoys 15% rate for the income tax for State Hi-Tech Enterprise for three years term.
(2) On August 17, 2020, the subsidiary Zhongke Meiling Cryogenic Technology Co., Ltd. obtained the high- tech enterprise certificate numbered GR202034000072 approved by the Anhui Provincial Department of Science and Technology, Anhui Provincial Department of Finance, and Anhui Provincial Taxation Bureau of the State Administration of Taxation, and enjoys 15% rate for the income tax for State Hi-Tech Enterprise for three years term.
(3) On December 9, 2020, the subsidiary Zhongshan Changhong Electric Co., Ltd., was included in the “Notice on Publicizing the List of the Second Batch of High-tech Enterprises to be Recognized in Guangdong Province in 2020'' published by the Office of the National High-tech Enterprise Certification Management Leading Group, and continues to enjoy 15% rate for the income tax for State Hi-Tech Enterprise for three years term.
(4) Subsidiary Mianyang Meiling Refrigeration Co., Ltd., belongs to the encouraged industry in the Industrial Structure Adjustment Guidance Catalog and enjoys the preferential taxation policy of corporate income tax for the Western Development, and the corporate income tax is levied at a reduced tax rate of 15%, valid until December 31, 2030.
(5) The subsidiary Guangdong Changhong Meiling Ridian Technology Co., Ltd. has passed the qualification of high-tech enterprise certification on 22 December 2022, and enjoys 15% rate for the income tax for State Hi-Tech Enterprise for three years term.
(6) The subsidiary Hong Yuan Ground Energy Heat Pump Tech. (Zhongshan) Co., Ltd. has passed the qualification of high-tech enterprise certification on 22 December 2022, and enjoys 15% rate for the income tax for State Hi-Tech Enterprise for three years term.
(7) The subsidiary Hefei Meiling Nonferrous Metal Products Co., Ltd. has passed the qualification of high- tech enterprise certification on 18 September  2021, and enjoys 15% rate for the income tax for State Hi-Tech Enterprise for three years term.
(8) The subsidiary Jiangxi Meiling Electric Appliance Co., Ltd. has passed the qualification of high-tech enterprise certification on 4 November 2022, and enjoys 15% rate for the income tax for State Hi-Tech Enterprise for three years term.
(9) The subsidiary Sichuan Changhong Air-conditioner Co., Ltd., belongs to the encouraged industry in the Industrial Structure Adjustment Guidance Catalog and enjoys the preferential taxation policy of corporate income tax for the Western Development, and the corporate income tax is levied at a reduced tax rate of 15%, valid until December 31, 2030.
(10) The subsidiary Hebei Hongmao Daily Appliance Technology Co., Ltd. has passed the qualification of high-tech enterprise certification on 18 September 2021, and enjoys 15% income tax rate for national payroll technology enterprise for three years term.
(11) The subsidiary Anhui Tuoxing Technology Co., Ltd., Anhui Ling’an Medical Equipment Co., Ltd., Hefei Meiling Wulian Technology Co., Ltd., Guangzhou Changhong Trading Co., Ltd. are in compliance with the relevant standards for small and medium-sized enterprises with meager profits in the “Notice on matters related to the implementation of preferential income tax policy to support the development of small & medium-size enterprise and individual entrepreneurs”(Guoshui [2021] No. 8)  and “Notice on Further Implementation of Preferential Income Tax Policies for Small & Micro Enterprises (No.: 13 of 2022)”of the Ministry of Finance and the State Administration of Taxation, and temporarily implements below policies: the part of annual taxable income that does not exceed one million yuan is included in taxable income by 12.5% after a reduction, and corporate income tax is paid at a tax rate of 20%, valid until December 31, 2022; while the part of annual taxable income exceeds one million yuan but not exceeding three million yuan is included in taxable income by 25% after a reduction, and corporate income tax is paid at a tax rate of 20%, which is valid until December31, 2024.
(12) The subsidiary Hebei Meiling Wulian Technology Co., Ltd. has passed the qualification of high-tech enterprise certification on 18 September 2021, and enjoys 15% income tax rate for national payroll technology eenterprises for three years term.
(13) The subsidiary Hebei Changhong Meiling Life Appliance Co., Ltd. has passed the qualification of high- tech enterprise certification on 18 November 2022, and enjoys 15% income tax rate for national payroll technology eenterprise for three years term.
VI .  Notes  to  the  major  items  in  the  conso l ida ted  f inanc ia l  statemen ts
With respect to the financial statements figures disclosed below, unless otherwise specified, “year-beginning” refers to Jan. 1, 2022; “year-end”refers to Dec. 31, 2022; “Current Year”refers to Jan. 1 to Dec. 31, 2022; “the last year”refers to Jan. 1 to Dec. 31, 2021; the currency is RMB.
1. Monetary fund
Item  Balance at year-endBalance at year-begin
Cash  21,243.42  28,447.21 Bank deposit  6,119,260,150.47  5,121,110,089.59 Other Monetary fund  712,717,808.79  805,215,921.34 Interest receivable on deposit  7,422,576.45  12,468,938.07
Total   6,839,421,779.13  5,938,823,396.21
Including: total amount deposited in overseas  9,295,065.32 8,156,154.33
Total use of restricted funds  718,777,132.92 86,159,526.57
Other monetary fund:
Cash deposit 712,177,743.52 776,959,862.25 B share repurchase 20,526,874.41 Frozen money 6,603,675.00 Co-managed account funds 506,171.40 504,702.66 Taobao account 74,572.96 Union Pay online  33,893.87 546,234.06
Total  712,717,808.79 805,215,921.34
(1) At the end of the year, the funds deposited in Sichuan Changhong Group Finance Co., Ltd. (hereinafter referred to as "Changhong Finance Company", a non-bank financial institution approved by China Banking Regulatory Commission (CBRC) [YJF (2013) No.423]) were converted into functional currency, totaling RMB3,464,999,932.49, of which RMB 1,934,680,000.00 was time deposit, RMB 1,043,509,526.87 was current deposit, and RMB 486,810,405.62 was the earnest money.
(2) The restricted monetary funds are the earnest money of RMB 712,177,743.52, the restricted balance of the co-management account of RMB 506,171.40, and the bank deposit of RMB 6,093,218.00 frozen due to litigation.
2. Tradable financial assets
Financial assets measured at fair value and whose changes are
included in current gains/losses  57,660,588.67  17,997,086.19 Including: Derivative financial assets  57,660,588.67  17,997,086.19
Tradable financial assets refers to the RMB forward exchange fund in Current Year
3. Note receivable
(1) Category of note receivable
Bank acceptance 2,216,752.22 Less: Bad debt provision
Book value 2,216,752.22
(2) Notes endorsement or discount and undue on balance sheet date
(3) Notes transfer to account receivable due for failure implementation by drawer at year-end
Amount of accounts receivable transferred at year-end
Bank acceptance300,000.00 Trade acceptance85,254,715.65
Total  85,254,715.65
(4) By accrual of bad debt provision
Amount at year-begin
Book balance  Bad debt provision
Amount  Ratio (%) Amount  Ratio (%)
With bad debt provision
accrual on single item 2,216,752.22 100.00 2,216,752.22 Including: Bank acceptance  2,216,752.22 100.00 2,216,752.22
With bad debt provision accrual on portfolio
Including: Trade acceptance
Total  2,216,752.22 100.00 2,216,752.22
1) Note receivable withdrawal bad debt provision on single item
Balance at year-begin
Provision ratio(%)
Provision reason
Bank acceptance
2,216,752.22
Minimal risk, holding maturity acceptance
Total  2,216,752.22
(2) Bad debt provision of note receivable that has been accrued, withdrawn, and reversed this year N/A
(3) No note receivable actually written off in this year N/A.
4. Account receivable
(1) Category of account receivable by bad debt accrual
Amount at year-end
Ratio(%)
Account receivable that withdrawal bad debt provision by single item
781,312,227.18 49.90 140,035,432.60  17.92 641,276,794.58
Including: current payment with related party
651,212,122.14 41.60 111,191,911.65 17.07 540,020,210.49
Account receivable with letter of credit
70,940,571.45 4.53 70,940,571.45
Account receivable with single minor amount but withdrawal single item bad debt provision
59,159,533.59 3.77 28,843,520.95 48.76 30,316,012.64
Account receivable withdrawal bad debt provision by portfolio
784,251,607.97 50.10 118,656,456.70 15.13 665,595,151.27
Including: account receivable of engineering customers
201,410,848.70 12.87 24,773,169.64 12.30 176,637,679.06
Receivables other than engineering customers
582,840,759.27 37.23 93,883,287.06 16.11 488,957,472.21
Total   1,565,563,835.15  100.00 258,691,889.30  16.52 1,306,871,945.85
Account receivable that
withdrawal bad debt provision by single item
822,475,594.55 53.40 25,372,653.49 3.08 797,102,941.06
Including: current payment with
related party  754,228,757.41 48.97 4,149,753.85 0.55 750,079,003.56 Account receivable with letter of
credit 47,023,937.50 3.05 47,023,937.50 Account receivable with single
minor amount but withdrawal single item bad debt provision
21,222,899.64 1.38 21,222,899.64 100.00
Account receivable withdrawal
bad debt provision by portfolio 717,853,201.83 46.60 74,081,451.61 10.32 643,771,750.22
Including: account receivable of
engineering customers  191,420,885.49 12.43 15,308,246.27 8.00 176,112,639.22 Receivables other than engineering
customers  526,432,316.34 34.17 58,773,205.34 11.16 467,659,111.00
Total  1,540,328,796.38 100.00 99,454,105.10 6.46 1,440,874,691.28
1) Account receivable that withdrawal bad debt provision by single item
Account receivable with single minor amount but withdrawal bad debt provision singly, refers to the minor single receivables, and withdrawal bad debt provision by combination shows no risk characteristic of the receivables, 90 clients involved.
2) Account receivable withdrawal bad debt provision by portfolio A.Account receivable of engineering customers
Balance at year-end
Provision ratio (%)
Within 3 months (3 months included)46,445,327.67 More than 3 months and less than 6 months (6
months included)
18,955,344.03
Over 6 months and within one year (One year included)
42,492,137.30
Over one year - within 2 years (2 years included)73,286,167.38   14,657,233.48  20.00 Over 2 years - within 3 years (3 years included)20,231,872.32   10,115,936.16  50.00 Over 3 years  100.00
Total  201,410,848.70  24,773,169.64
Within 3 months (3 months included)47,442,159.78 More than 3 months and less than 6 months (6
66,786,580.82
24,376,909.49
Over one year - within 2 years (2 years included)38,592,189.76 7,718,437.95 20.00 Over 2 years - within 3 years (3 years included)13,266,474.64 6,633,237.32 50.00 Over 3 years  956,571.00 956,571.00 100.00
Total  191,420,885.49 15,308,246.27
B.Receivables other than engineering customers
Within 3 months (3 months included)388,904,609.29 3,889,046.09 1.00 More than 3 months and less than 6 months (6
27,600,654.77 2,760,065.48 10.00
11,098,413.19 2,219,682.64 20.00
Over one year - within 2 years (2 years included)136,495,488.03 68,247,744.02 50.00 Over 2 years - within 3 years (3 years included)9,874,225.80 7,899,380.64 80.00 Over 3 years  8,867,368.19 8,867,368.19 100.00
Total  582,840,759.27 93,883,287.06
Within 3 months (3 months included)299,994,550.94 2,999,945.51 1.00 More than 3 months and less than 6 months (6
68,972,844.55 6,897,284.46 10.00
126,004,879.57 25,200,975.91 20.00
Over one year - within 2 years (2 years included)12,130,576.34 6,065,288.17 50.00 Over 2 years - within 3 years (3 years included)8,598,768.25 6,879,014.60 80.00 Over 3 years  10,730,696.69 10,730,696.69 100.00
Total  526,432,316.34 58,773,205.34
(2) By account age
Account age  Balance at year-endBalance at year-begin
Within 3 months (3 months included)839,113,924.70 1,081,226,013.94 More than 3 months and less than 6 months (6 months
included)
319,861,920.01 162,654,138.54
Over 6 months and within one year (One year included)94,045,030.09 179,880,109.29 Over one year - within 2 years (2 years included)241,992,516.95 63,134,405.85 Over 2 years - within 3 years (3 years included)32,346,833.25 23,736,943.93 Over 3 years  38,203,610.15 29,697,184.83
Total  1,565,563,835.15 1,540,328,796.38