Gansu Jingyuan Coal Industry And Electricity Power Co.Ltd(000552)
Year 2021
audit report
Index page number
Audit report financial statements of the company
– consolidated balance sheet 1-2
– balance sheet of parent company 3-4
– consolidated income statement 5
– income statement of the parent company 6
– consolidated cash flow statement 7
– cash flow statement of the parent company 8
– Consolidated Statement of changes in shareholders’ equity 9-10
– statement of changes in shareholders’ equity of the parent company 11-12
– Notes to financial statements 13-97
ShineWing certified public accountants, Chaoyang men North Street, Dongcheng District, Beijing Tel: + 86 (010) 65542288, 9 / F, block a, Fu Hua Manson,
ShineWing No.8, Chaoyangmen Beidajie, fax:
Dongcheng District, Beijing, +86(01065547190 certified public accountants 100027, P.R.China facsimile: +86(01065547190
audit report
XYZH/2022YCAS10006
Gansu Jingyuan Coal Industry And Electricity Power Co.Ltd(000552) all shareholders:
1、 Audit opinion
We have audited the financial statements of Gansu Jingyuan Coal Industry And Electricity Power Co.Ltd(000552) (hereinafter referred to as Gansu Jingyuan Coal Industry And Electricity Power Co.Ltd(000552) company), including
Consolidated and parent company’s balance sheet as of December 31, 2021, consolidated and parent company’s income statement and consolidated income statement in 2021
And the cash flow statement of the parent company, the consolidated statement of changes in shareholders’ equity of the parent company and the notes to relevant financial statements.
In our opinion, the attached financial statements are prepared in accordance with the accounting standards for business enterprises in all material aspects and present fairly
The consolidated and parent company financial status of Gansu Jingyuan Coal Industry And Electricity Power Co.Ltd(000552) company on December 31, 2021 and the consolidated and parent company in 2021
Operating results and cash flow of the company.
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. In accordance with the code of professional ethics for Chinese certified public accountants, we are independent of Gansu Jingyuan Coal Industry And Electricity Power Co.Ltd(000552) company and have fulfilled other responsibilities in terms of professional ethics. We believe that the audit evidence we have obtained is sufficient and appropriate, which provides a basis for our audit opinion.
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.
Revenue recognition
Countermeasures in key audit matters
Accounting policies as described in note “IV, 29” and 1. Understand, evaluate and test the internal control of sales and collection
“VI. 38” shows: the design and operation effectiveness of the operating revenue based system in 2021; 4841239100 yuan (consolidated basis), revenue is one of the key performance indicators of Jingyuan 2. Check whether the recognition conditions and methods of operating revenue are one of the key performance indicators of coal and power companies, and the current year’s finance is in line with the accounting standards; The statement has a significant impact, so we recognize revenue recognition as 3. Implement analysis procedures for operating revenue and analyze gross profit
Key audit matters. Check the rationality of income and analyze the proportion of sales volume and output;
4. Sample check the supporting documents related to revenue recognition, including sales contract, weighing bill, shipping bill, electricity bill settlement and other documents;
5. Confirm the amount and balance of accounts receivable and contract liabilities, and implement alternative test procedures for samples that have not been replied;
6. Implement a cut-off test procedure for operating revenue to check whether the revenue is recorded in the correct accounting period.
4、 Other information
Gansu Jingyuan Coal Industry And Electricity Power Co.Ltd(000552) 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 Gansu Jingyuan Coal Industry And Electricity Power Co.Ltd(000552) 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
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.
When preparing the financial statements, the management is responsible for evaluating the going concern ability of Gansu Jingyuan Coal Industry And Electricity Power Co.Ltd(000552) company, disclosing matters related to going concern (if applicable), and applying the going concern assumption, unless the management plans to liquidate Gansu Jingyuan Coal Industry And Electricity Power Co.Ltd(000552) company, terminate operation or have no other realistic choice.
The management is responsible for supervising the financial reporting process of Gansu Jingyuan Coal Industry And Electricity Power Co.Ltd(000552) 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 Gansu Jingyuan Coal Industry And Electricity Power Co.Ltd(000552) 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. The company may not continue to operate in the future.
(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 sufficient and appropriate audit evidence on the financial information of entities or business activities in Gansu Jingyuan Coal Industry And Electricity Power Co.Ltd(000552) company to express 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 also provide a statement to the management that we have complied with the professional ethics requirements related to independence, and communicate with the management all relationships and other matters that may reasonably be considered to affect our independence, as well as relevant preventive measures (if applicable).
1、 Basic information of the company
Gansu Jingyuan Coal Industry And Electricity Power Co.Ltd(000552) (formerly Gansu Changfeng Special Electronics Co., Ltd., hereinafter referred to as “the company” or “the company”) was approved by Gansu Provincial Economic System Reform Commission in document [1993] No. 34. On the basis of the joint-stock restructuring of the state-owned Changfeng Machinery Factory, it joined China Baoan Group Co.Ltd(000009) , Gansu Electronics Group property company and other sponsors, It is a joint stock limited company established on November 17, 1993 with the approval of Gansu Provincial People’s Government Document No. [1993] 89, the review of China Securities Regulatory Commission Document No. [1993] 82 and the review and approval of Shenzhen Stock Exchange Document No. [1993] 322.
The original registered capital of the company was 122.5 million yuan, with a total share capital of 122.5 million shares. In China, 69 million shares were held by promoters, 7.5 million shares were held by raising legal persons, and 46 million shares were held by the public. The par value of the company’s shares is RMB 1 per share.
After three equity distributions in 1993, 1994 and 1997, the total number of ordinary shares of the company increased to 177.87 million shares.
On December 13, 2004, the state-owned Changfeng Machinery Factory and Jingyuan Coal Industry Group Co., Ltd. (hereinafter referred to as “Jingmei group”) signed the equity transfer agreement of state-owned legal person shares of Gansu Changfeng Special Electronics Co., Ltd., and the state-owned Changfeng Machinery Factory transferred its 74.052 million state-owned legal person shares to Jingmei group. On January 4, 2005, the equity transfer was approved by the state owned assets supervision and Administration Commission of the State Council in the document of state owned assets property right [2004] No. 1231. On June 8, 2005, China Securities Regulatory Commission examined and approved the exemption of Jingyuan Coal Group from the obligation of full tender offer in the reply on approving Jingyuan Coal Group Co., Ltd. to announce the acquisition report of Gansu Changfeng Special Electronics Co., Ltd. and exempting it from the obligation of tender offer (zjggz [2005] No. 36).
On June 24, 2005, China Securities Depository and Clearing Co., Ltd. Shenzhen Branch issued the confirmation of transfer registration (No.: 0506220001), and the state-owned Changfeng Machinery Factory has transferred its 74.052 million state-owned legal person shares to Jingmei group.
The first extraordinary general meeting of shareholders in 2005 held on June 19, 2005 considered and approved the proposal to change the company’s name, address and business scope. The industrial and commercial change procedures were completed on July 14, 2005. Name of the company after change: Gansu Jingyuan Coal Industry And Electricity Power Co.Ltd(000552) ; Business License Registration No.: 62000000000
