Fucai said that the sale of the Zhunan factory will effectively utilize capital expenditures and improve the group's asset usage efficiency. Jingdian Chairman Fan JinyongIt said that by concentrating production, the vacant space can be used as a Micro LED factory, so there is no need to build a new factory, only equipment can be optimized, and capital expenditures can be saved at the same time.
In addition, Fucai pointed out that due to the poor global economy and weak consumer demand, the production capacity utilization rate of Jingdian's blue-ray die business in the Taiwan factory is low. The company is accelerating the optimization and integration of Taiwan factory resources. In addition, Fucai Holdings' recent market value is lower than its net value. According to International Accounting Standards 36 No. "Asset Impairment" is used to assess the future economic benefits of assets such as real estate, plants and equipment, and goodwill. It is planned to recognize the impairment of the goodwill of 3.142 billion yuan (approximately RMB 720 million) obtained by Epistar when it merged with Guangdong Gallium and the idle assets of RMB 308 million (approximately RMB 70.56 million) resulting from the consolidation of the factory area. The total impact on the consolidated net loss of Fucai Holdings for the current period is RMB 34.5. billion (approximately RMB 790 million).
Fucai also emphasized that the amount of asset impairment was settled by the company itself and has not yet been verified by accountants. This asset impairment is not an actual cash outflow and has no impact on the company's working capital and cash flow.
ANNA