Audit report Shenzhen Sunlord Electronics Co.Ltd(002138)
Rongcheng Shenzi [2022] No. 518z0029 Rongcheng Certified Public Accountants (special general partnership)
Beijing, China
catalogue
Serial number content page number
1 audit report 1-5
2 consolidated balance sheet 6
3 consolidated income statement 7
4 consolidated cash flow statement 8
5 consolidated statement of changes in owner's equity 9-10
6 balance sheet of parent company 11
7. Income statement of the parent company 12
8 cash flow statement of parent company 13
9. Statement of changes in owner's equity of the parent company 14-15
10 notes to financial statements 16-129
Audit report
Rong Cheng Shen Zi [2022] No. 518z0029 Shenzhen Sunlord Electronics Co.Ltd(002138) all shareholders:
1、 Audit opinion
We have audited the financial statements of Shenzhen Sunlord Electronics Co.Ltd(002138) (hereinafter referred to as Shenzhen Sunlord Electronics Co.Ltd(002138) company), including the consolidated and parent company's balance sheet as of December 31, 2021, the consolidated and parent company's income statement, consolidated and parent company's cash flow statement, consolidated and parent company's statement of changes in owner's equity and notes to relevant financial statements in 2021.
In our opinion, the attached financial statements are prepared in accordance with the accounting standards for business enterprises in all material aspects, and fairly reflect the consolidated and parent company's financial position as of December 31, 2021 and the consolidated and parent company's operating results and cash flow in 2021.
2、 Basis for forming audit opinions
We conducted our audit in accordance with the auditing standards for Chinese certified public accountants. The "responsibilities of certified public accountants for the audit of financial statements" in the audit report further expounds our responsibilities under these standards. According to the code of professional ethics for Chinese certified public accountants, we are independent of Shenzhen Sunlord Electronics Co.Ltd(002138) company and have fulfilled other responsibilities in terms of professional ethics. It is the basis for us to obtain and express audit opinions.
3、 Key audit matters
The key audit matters are the most important matters that we consider to audit the current financial statements according to our professional judgment. The response to these matters is based on the overall audit of the financial statements and the formation of audit opinions. We will not express separate opinions on these matters.
(I) revenue recognition
1. Item description
Shenzhen Sunlord Electronics Co.Ltd(002138) the company is mainly engaged in the production and sales of high-end precision components. In 2021, the main business income recognized in the consolidated financial statements of Shenzhen Sunlord Electronics Co.Ltd(002138) company was RMB 4514404800, mainly divided into Chinese sales and foreign sales. See note V and 38 for details. As revenue is one of the key performance indicators of Shenzhen Sunlord Electronics Co.Ltd(002138) company, there is an inherent risk that the management manipulates the revenue recognition in order to achieve specific goals or expectations. We identify the revenue recognition of Shenzhen Sunlord Electronics Co.Ltd(002138) company as a key audit matter.
2. Audit response
Our main audit procedures are as follows:
(1) Evaluate the effectiveness of the management's design and implementation of the internal control of sales and collection, and test the internal control of the sales and collection process.
(2) Understand and evaluate the appropriateness of accounting policies for revenue recognition in different modes by checking major sales contracts or orders, understanding the policies for goods receipt and return, and communicating with management.
(3) The supporting vouchers related to revenue recognition are checked by sampling: Sales Contract or order, sales invoice, delivery note, export declaration form, freight note, customer statement, bank receipt, etc.
(4) Select samples from major customers and execute the confirmation procedure to confirm the sales amount of the current period and the balance of accounts receivable at the end of the period.
(5) For the revenue transactions recorded before and after the balance sheet date, select samples to check the relevant supporting vouchers, and evaluate whether the revenue recognition is recorded in the appropriate accounting period.
(II) impairment of goodwill
1. Item description
As of December 31, 2021, the balance of goodwill in the consolidated financial statements of Shenzhen Sunlord Electronics Co.Ltd(002138) company was 360.0506 million yuan. See note V and 15 for details. The management shall conduct impairment test on goodwill at least annually. The management conducts impairment test on the goodwill by comparing the recoverable amount of the relevant asset group to which the goodwill is allocated with the book value of the asset group and the goodwill. The predicted recoverable amount involves the prediction of the present value of the future cash flow of the asset group. The management needs to make major judgments and assumptions in the prediction, especially the growth rate of future sales revenue, gross profit margin of sales, operating expenses and discount rate. As the impairment test process is complex and involves significant judgment, we identify the annual goodwill impairment as a key audit event.
2. Audit response
(1) Check the relevant management resolutions, equity acquisition agreements, asset evaluation reports, relevant performance commitments and other documents generated by goodwill, and identify the impact of acquisition conditions, business completion date, performance commitments and forecasts on the formation and value of goodwill.
(2) Obtain the relevant data of the company's goodwill impairment test, and judge whether the future sales revenue growth rate, sales gross profit margin, operating expenses and discount rate are reasonable.
(3) Communicate with external experts to judge whether the relevant assumptions used in the evaluation and prediction based on the goodwill impairment test are reasonable and whether the evaluation methods are appropriate.
(4) Evaluate whether the relevant tests and disclosures of goodwill impairment comply with the provisions of relevant accounting standards.
4、 Other information
The management of the company (hereinafter referred to as the management) is responsible for other information. Other information includes the information covered in the 2021 annual report of Shenzhen Sunlord Electronics Co.Ltd(002138) company, but does not include the financial statements and our audit report.
Our audit opinion on the financial statements does not cover other information, and we will not issue any form of assurance conclusion on other information.
In combination with our audit of the financial statements, our responsibility is to read other information and consider whether other information is materially inconsistent with the financial statements or the information we have learned in the audit process, or there seems to be material misstatement.
Based on the work we have performed, if we determine that there is a material misstatement in other information, we should report that fact. In this regard, we have nothing to report.
5、 Responsibilities of management and governance for financial statements
Shenzhen Sunlord Electronics Co.Ltd(002138) the management of the company (hereinafter referred to as the management) is responsible for preparing the financial statements in accordance with the provisions of the accounting standards for business enterprises to achieve a fair reflection, and designing, implementing and maintaining necessary internal control so that the financial statements are free from material misstatement caused by fraud or error.
In preparing the financial statements, the management is responsible for assessing the going concern ability of Shenzhen Sunlord Electronics Co.Ltd(002138) company, disclosing matters related to going concern (if applicable), and applying the going concern assumption, unless the management plans to liquidate the Shenzhen Sunlord Electronics Co.Ltd(002138) company, terminate operation or have no other realistic options.
The management is responsible for supervising the financial reporting process of Shenzhen Sunlord Electronics Co.Ltd(002138) company.
6、 Responsibilities of certified public accountants for the audit of financial statements
Our goal is to obtain reasonable assurance on whether the financial statements as a whole are free from material misstatement due to fraud or error, and issue an audit report containing audit opinions. Reasonable assurance is a high-level assurance, but it does not guarantee that the audit performed in accordance with the audit standards will always be found when a major misstatement exists. Misstatement may be caused by fraud or error. If it is reasonably expected that the misstatement alone or in summary may affect the economic decisions made by the users of the financial statements based on the financial statements, the misstatement is generally considered to be significant.
In the process of carrying out the audit work in accordance with the audit standards, we use professional judgment and maintain professional doubt. At the same time, we also carry out the following work:
(1) Identify and assess the risks of material misstatement of financial statements due to fraud or error, design and implement audit procedures to deal with these risks, and obtain sufficient and appropriate audit evidence as the basis for issuing audit opinions. Since fraud may involve collusion, forgery, intentional omission, misrepresentation or override of internal control, the risk of failing to find major misstatement caused by fraud is higher than that caused by error.
(2) Understand the internal control related to audit to design appropriate audit procedures.
(3) Evaluate the appropriateness of accounting policies selected by the management and the rationality of accounting estimates and related disclosures.
(4) Draw conclusions on the appropriateness of management's use of going concern assumptions. At the same time, according to the audit evidence obtained, draw a conclusion on whether there are major uncertainties in the matters or circumstances that may lead to major doubts about the sustainable operation ability of Shenzhen Sunlord Electronics Co.Ltd(002138) company. If we conclude that there is significant uncertainty, the auditing standards require us to draw the attention of statement users to the relevant disclosures in the financial statements in the audit report; If the disclosure is insufficient, we should express a non unqualified opinion. Our conclusions are based on the information available as of the date of the audit report. However, future events or circumstances may cause Shenzhen Sunlord Electronics Co.Ltd(002138) company to be unable to continue its business.
(5) Evaluate the overall presentation, structure and content of the financial statements, and evaluate whether the financial statements fairly reflect relevant transactions and events.
(6) Obtain adequate and appropriate audit information on the financial information of entities or business activities in Shenzhen Sunlord Electronics Co.Ltd(002138) company
Evidence to express an audit opinion on the financial statements. We are responsible for guiding, supervising and implementing the group audit, and take full responsibility for the audit opinions.
We communicated with the management on the planned audit scope, schedule and major audit findings, including the internal control defects that we identified in the audit.
We have also provided a statement to the management of all matters that we consider to be reasonably related to the independence and applicability of governance (such as the statement that we have complied with and may be related to the independence and applicability of governance).
From the matters communicated with the management, we determine which matters are the most important for the audit of the current financial statements, thus constituting key audit matters. We describe these matters in the audit report, unless laws and regulations prohibit the public disclosure of these matters, or in rare cases, if the negative consequences of communicating a matter in the audit report are reasonably expected to exceed the benefits in the public interest, we determine that we should not communicate the matter in the audit report.
Rongcheng Certified Public Accountants (special general partnership) Chinese certified public accountant:
Nie Yong (project partner) Chinese certified public accountant:
Guo Chunlin
Beijing, China Certified Public Accountant:
Li Chunyuan
February 24, 2022
1. Consolidated balance sheet prepared by: Shenzhen Sunlord Electronics Co.Ltd(002138)
December 31, 2021
Unit: Yuan
December 31, 2021 December 31, 2020
Current assets:
Monetary capital 493297588.37 325725448.73
Provision for settlement
Lending funds
Trading financial assets
Derivative financial assets
Notes receivable 40577212.73
Accounts receivable 1421976508.21 1265068333.23
Receivables financing 52
