Shanghai Bright Power Semiconductor Co.Ltd(688368)
Internal control evaluation report in 2021
Shanghai Bright Power Semiconductor Co.Ltd(688368) all shareholders:
According to the provisions of the basic norms of enterprise internal control and its supporting guidelines and other internal control supervision requirements (hereinafter referred to as the enterprise internal control standard system), combined with the company's (hereinafter referred to as the company's) internal control system and evaluation methods, on the basis of daily and special supervision of internal control, We evaluated the effectiveness of the company's internal control on December 31, 2021 (the benchmark date of the internal control evaluation report). I Important statement
It is the responsibility of the board of directors of the company to establish, improve and effectively implement internal control, evaluate its effectiveness and truthfully disclose the internal control evaluation report in accordance with the provisions of the enterprise's internal control standard system. The board of supervisors shall supervise the establishment and implementation of internal control by the board of directors. The management is responsible for organizing and leading the daily operation of the enterprise's internal control. The board of directors, the board of supervisors and the directors, supervisors and senior managers of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this report, and bear individual and joint legal liabilities for the authenticity, accuracy and completeness of the contents of the report.
The objective of the company's internal control is to reasonably ensure the legal compliance of operation and management, asset safety, authenticity and integrity of financial reports and relevant information, improve operation efficiency and effect, and promote the realization of development strategy. Due to the inherent limitations of internal control, it can only provide reasonable assurance for the realization of the above objectives. In addition, as changes in circumstances may lead to inappropriate internal control or reduced compliance with control policies and procedures, there is a certain risk to speculate the effectiveness of internal control in the future according to the internal control evaluation results. II Internal control evaluation conclusion 1 On the benchmark date of the internal control evaluation report, does the company have any major defects in the internal control of financial reporting
□ yes √ no
2. Evaluation conclusion of internal control over financial reporting
√ valid □ invalid
According to the identification of major defects in the company's internal control over financial reporting, there are no major defects in the internal control over financial reporting on the benchmark date of the internal control evaluation report. The board of Directors believes that the company has maintained effective internal control over financial reporting in all major aspects in accordance with the requirements of the enterprise's internal control standard system and relevant regulations. 3. Whether major defects in internal control over non-financial reporting are found
□ yes √ no
According to the identification of major defects in the company's internal control over non-financial reports, the company found no major defects in the company's internal control over non-financial reports on the benchmark date of the internal control evaluation report. 4. Factors affecting the evaluation conclusion of internal control effectiveness from the benchmark date of internal control evaluation report to the date of issuance of internal control evaluation report □ applicable √ not applicable
There are no factors affecting the evaluation conclusion of the effectiveness of internal control from the base date of the internal control evaluation report to the date of issuance of the internal control evaluation report.
5. Whether the internal control audit opinion is consistent with the company's evaluation conclusion on the effectiveness of internal control over financial reporting
√ yes □ No 6 Whether the disclosure of major defects in internal control of non-financial reports in the internal control audit report is consistent with the disclosure of the company's internal control evaluation report √ yes □ no III Internal control evaluation (I) Scope of internal control evaluation
According to the risk oriented principle, the company determines the main units, businesses and matters included in the evaluation scope and high-risk areas. 1. The main units included in the evaluation scope include: Shanghai Bright Power Semiconductor Co.Ltd(688368) and its subsidiaries within the scope of merger, brightpower semiconductor (Hong Kong) Limited, Shanghai Laishi Semiconductor Technology Co., Ltd., Shanghai Xinfei Semiconductor Technology Co., Ltd., Hangzhou Shanghai Bright Power Semiconductor Co.Ltd(688368) Semiconductor Co., Ltd. and Chengdu Shanghai Bright Power Semiconductor Co.Ltd(688368) Semiconductor Co., Ltd. 2. Proportion of units included in the scope of evaluation:
Proportion of indicators (%)
The ratio of the total assets of the units included in the evaluation scope to the total assets of the company's consolidated financial statements 100
The total operating income of the units included in the evaluation scope accounts for 100% of the total operating income in the company's consolidated financial statements
3. The main operations and matters included in the scope of evaluation include:
Organizational structure, human resources, capital activities, investment activities, financing activities, procurement business, asset management, sales business, financial report and comprehensive budget. 4. High risk areas of focus mainly include:
Fund activities, purchase business, sales business and financial report. 5. The above units, businesses and matters included in the evaluation scope and high-risk areas cover the main aspects of the company's operation and management. Is there any major omission
□ yes √ No 6 Is there a statutory exemption
□ yes √ No 7 Other explanatory matters
None (II) Basis of internal control evaluation and identification standard of internal control defects
The company organizes and carries out internal control evaluation according to the enterprise internal control standard system and the company's internal control system and evaluation methods. 1. Whether the specific identification standard of internal control defects is adjusted with that of previous years
□ yes √ no
According to the identification requirements of the enterprise internal control standard system for major defects, important defects and general defects, and in combination with the company's scale, industry characteristics, risk preference, risk tolerance and other factors, the board of directors of the company distinguished internal control over financial reports from internal control over non-financial reports, and studied and determined the specific identification standards of internal control defects applicable to the company, And consistent with previous years.
2. Identification standard of internal control defects in financial reporting
The quantitative criteria for the evaluation of internal control defects in financial reporting determined by the company are as follows:
Index name major defect quantitative standard important defect quantitative standard general defect quantitative standard
The amount of misstatement of net assets ≥ 3% of net assets ≤ 1% of net assets ≤ the amount of misstatement < 1% of net assets < 3% of net assets
Description: None
The qualitative criteria for the evaluation of internal control defects in financial reporting determined by the company are as follows:
Qualitative standard of defect nature
Major defects refer to the combination of one or more general defects, which may seriously affect the effectiveness of the overall internal control, resulting in the failure of the enterprise to prevent or find serious deviations from the overall control objectives in time. In case of any of the following circumstances, it is recognized that there are major defects in the internal control of financial reporting:
1. Serious fraud by directors, supervisors and senior managers of the company;
2. The company has corrected the published financial reports for many times;
3. The certified public accountant finds that there is a material misstatement in the current financial report, but the company's internal control fails to find the misstatement in the operation process;
4. The supervision of the company's audit committee and internal audit institutions on internal control is invalid.
Important defect refers to the combination of one or more general defects, the severity of which is lower than that of major defects, but the severity of deviation from the overall control objectives that the enterprise cannot prevent or find in time is still significant, which must be paid attention to by the enterprise management. Qualitative situation of significant defects in the company's internal control over financial reporting:
1. Failure to select and apply accounting policies in accordance with GAAP;
2. Failure to establish important check and balance systems and control measures to prevent fraud;
3. There are individual or multiple defects in the financial reporting process, which, although reaching the identification standard of major defects, affect the authenticity and accuracy of the financial report.
General defects and other internal control defects that do not constitute major defects or important defects.
Note: none 3 Identification standard of internal control defects in non-financial reporting
The quantitative criteria for the evaluation of internal control defects in non-financial reporting determined by the company are as follows:
Index name major defect quantitative standard important defect quantitative standard general defect quantitative standard
The amount of direct loss is more than 5 million yuan (inclusive), more than 2 million yuan (inclusive) and less than 5 million yuan
Less than 10000 yuan
Description: None
The qualitative criteria for the evaluation of internal control defects in non-financial reporting determined by the company are as follows:
Qualitative standard of defect nature
Major defects 1. Lack of decision-making procedures or unscientific decision-making procedures
2. The company's business activities violate national laws and regulations
3. Management personnel or technicians in key positions have been lost one after another
4. Major or important defects in the company's internal control have not been rectified
5. The company's important business lacks system control or the system fails
6. The external audit institution considers that the company has other major defects.
Other situations of important defects are determined as important defects or general defects according to the degree of influence.
General defects and other situations are identified as important defects or general defects according to the degree of influence.
III. Description: none Identification and rectification of internal control defects 1 Identification and rectification of internal control defects in financial reporting 1.1 Major defects
Whether the company has any major defects in internal control over financial reporting during the reporting period
□ yes √ no 1.2 Important defects
Whether the company has any significant defects in internal control over financial reporting during the reporting period
□ yes √ no 1.3 General defect
According to the above identification standards of internal control defects in financial reports, the general defects of the company's internal control over financial reports during the reporting period shall be rectified in time. 1.4. After the above rectification, on the benchmark date of the internal control evaluation report, does the company have any major defects in the internal control of financial reporting that have not been rectified
□ yes √ no 1.5 After the above rectification, on the benchmark date of the internal control evaluation report, does the company have any important defects in the internal control of financial reporting that have not been rectified
□ yes √ No 2 Identification and rectification of internal control defects in non-financial reporting 2.1 Major defects
Whether the company found any major defects in internal control over non-financial reporting during the reporting period
□ yes √ no
2.2. Important defects
Whether the company found any significant defects in internal control over non-financial reporting during the reporting period
□ yes √ no 2.3 General defect
According to the above identification standards of internal control defects in non-financial reports, the general defects of the company's internal control in non-financial reports during the reporting period were rectified in time. 2.4. After the above rectification, on the benchmark date of the internal control evaluation report, does the company find any major defects in non-financial reporting internal control that have not been rectified
□ yes √ no
2.5. After the above rectification, on the benchmark date of the internal control evaluation report, does the company find any important defects in the internal control of non-financial reporting that have not been rectified
□ yes √ no IV Description of other major matters related to internal control 1 Rectification of internal control defects in the previous year □ applicable √ not applicable 2 Operation of internal control in this year and improvement direction in the next year
√ applicable □ not applicable
In 2021, the company continued to optimize the internal control environment, improve the internal control management level, improve the internal control management system, standardize the implementation of various internal control systems, and effectively prevent various risks. The company's information disclosure and financial report are true and reliable, the assets are safe, the business is legal and compliant, and the goal of internal control has been achieved. In 2022, the company will continue to be risk oriented, further strengthen the construction of risk management and internal control system, strengthen the supervision and inspection of internal control, promote the standardized operation of various business activities and promote the sustainable development of the company. 3. Description of other major events
□ applicable √ not applicable
Chairman (authorized by the board of directors): Hu Liqiang Shanghai Bright Power Semiconductor Co.Ltd(688368) February 23, 2022
