V Observation Financial Report ｜ Bohai Leasing for the second quarter measurement of impairment of 374 million

Zhongxin Jingwei, September 2nd. Bohai Leasing Co., Ltd. (hereinafter referred to as Bohai Leasing) recently disclosed that in the second quarter of 2022, the company's wholly -owned and subsidiaries and controlling subsidiaries had a total impairment loss of about 374 million yuan.

The announcement pointed out that in April to June 2022, the company and their subsidiaries wholly-owned and holding subsidiaries of the assets that might have signs of impairment in the balance sheet date of the company and the total impairment preparation for impairment was 37780.2 billion yuan. The total value preparation was 4.255 million yuan, and the total impairment loss occurred by 373,547 million yuan.

Specifically, the highest proportion of them is still preparation for impairment of fixed assets, which is 18017.1 billion yuan.

Source: Screenshot of Bohai Leasing Co., Ltd. on the second quarter of 2022 measuring asset impairment preparation and nuclear sales assets "

In this regard, Bohai Leasing revealed that the preparation for the impairment of fixed assets is mainly divided into two parts, which are aircraft assets to provide impairment preparation for fixed assets and container assets.

From April to June 2022, the total assets of the aircraft withdrawn a total of 17388.9 billion yuan for impairment of fixed assets, which was included in the asset impairment loss project, which affected the current profit and loss-1.7389.9 billion yuan. And the US dollar against the RMB exchange rate rising.

From April to June 2022, the container assets were provided with a fixed asset impairment preparation of 6.282 million yuan, and the asset impairment loss items were included, which affected the current profit and loss of -62.82 million yuan. Balmly less than book value.

According to the announcement, from April to June 2022, the amount of impairment loss in the company's fixed assets accounted for 0.1%of the book value of fixed assets of the company's merging statement at the end of June 2022.

In addition, in the second quarter, the proportion of bad debts for account receivables leased in Bohai also accounted for about 107 million yuan.

Source: Screenshot of Bohai Leasing Co., Ltd. on the second quarter of 2022 measuring asset impairment preparation and nuclear sales assets "

The announcement pointed out that the company's account receivables are mainly leased. From April to June 2022, the company raised a total of 10790.9 billion yuan in bad debts of account receivables, and returned to the account receivable for the bad debt of 779,000 yuan. Essence The main reason is that some airline customers' credit levels have declined, which has led to further accounts.

From April to June 2022, the amount of impairment of accounts receivables in the company accounted for 5.47%of the account receivables of the company's consolidated statement at the end of June 2022.

Bohai Leasing stated that in April to June 2022, the company had a credit impairment loss of 172051,000 yuan, and the amount of asset impairment loss was 20149.6 million yuan. The total impact of the total profit of April to June of the year was -3.7354.7 billion yuan; the company's nuclear sales assets totaled 11750.2 billion yuan, and the preparations for bad accounts have been fully calculated, which has no effect on the profit and loss during the reporting period.

According to official website information, Bohai Leasing Co., Ltd. is the first leasing industry group listed on China A shares. The company's main business covers aircraft leasing, container leasing, infrastructure leasing, and large equipment leasing. Bohai Leasing owns the leading leasing companies in domestic and overseas segmented industries such as AVOLON, Seaco, Tianjin Bohai Leasing, and is the world's second largest aircraft leasing dealer and the fourth largest container rental dealer.

Bohai Leasing has recently played poor performance. According to the half -year report in 2022, the company realized operating income of about 12.197 billion yuan during the reporting period, an increase of 2.27%year -on -year; net loss attributable to shareholders of listed companies was about 747 million yuan; About 1.371 billion yuan; basic earnings per share -0.1211 yuan/share.

In this regard, there are three main reasons for the interpretation of Bohai Leasing: (1) During the reporting period, the international aviation transportation industry has gradually recovered from the impact of the epidemic. The aircraft failed to be retrieved in Russia, and the company's decline in impairment of 298 million US dollars (about 1.898 billion yuan) on the company's assets of related aircraft was issued.

(2) During the reporting period, affected by factors such as the global supply chain continued to be tight and the port congestion intensified, the shipping market still maintained a high degree of prosperity. The same period of the year increased by 100.04%.

(3) During the reporting period, the company confirmed the debt reorganization income of the debt reorganization of about 420 million yuan in the company's bankruptcy reorganization special service share; The company's subsidiaries formed a debt restructuring income of about 96 million yuan through debt replacement, exhibition, and reorganization.

In the secondary market, Bohai Leasing has performed well this year. According to Flush iFind data, the Bohai Leasing stock price has fallen 24.05%in 2022, and the company's total market value is 13.67 billion yuan. (Zhongxin Jingwei APP)

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