Hichain Logistics Co.Ltd(300873) financial statements and audit report
Year 2021
catalogue
Content page
Audit report 1-5
Consolidated balance sheet 6-7
Company balance sheet 8-9
Consolidated income statement 10
Company income statement 11
Consolidated cash flow statement 12
Cash flow statement of the company 13
Consolidated statement of changes in owner's equity 14-15
Statement of changes in owner's equity of the company 16-17
Notes to financial statements 18-119
audit report
Zhong Hui Zi (2022) No. 01020 Hichain Logistics Co.Ltd(300873) all shareholders:
1、 Audit report on financial statements
(I) audit opinion
We have audited the financial statements of Hichain Logistics Co.Ltd(300873) (hereinafter referred to as " Hichain Logistics Co.Ltd(300873) "), including the consolidated and company's balance sheet as of December 31, 2021, the consolidated and company's income statement, consolidated and company's statement of changes in owner's equity, consolidated and company's cash flow statement and notes to relevant financial statements in 2021.
In our opinion, the attached financial statements have been prepared in accordance with the provisions of the accounting standards for business enterprises in all material aspects and fairly reflect Haichen
The consolidated and financial status of the company as of December 31, 2021, and the consolidated and operating results and cash flow of the company in 2021. (II) 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 Hichain Logistics Co.Ltd(300873) , 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.
(III) key audit matters
The key audit matters are the most important matters that we consider to audit the financial statements of 2021 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.
The key audit matters identified in our audit are: revenue recognition and cost carry forward of comprehensive logistics business.
See "3.34 revenue" and "5.35 operating revenue and operating costs" in the notes to the financial statements for relevant information disclosure.
1. Item description
Hichain Logistics Co.Ltd(300873) is mainly engaged in modern logistics industry. It is a comprehensive logistics enterprise focusing on providing one-stop service of modern logistics for customers' supply chain management. At present, the customer group is mainly brands, manufacturers and suppliers in the field of electronic products. Hichain Logistics Co.Ltd(300873) uses its own transportation capacity, storage resources and information technology innovation ability to provide customers with professional, customized Integrated integrated logistics services, including freight forwarding services, warehousing services and station services.
As stated in the note "5.35 operating revenue and operating cost", the total revenue, total cost and total gross profit of comprehensive logistics business in Hichain Logistics Co.Ltd(300873) 2021 (hereinafter referred to as the reporting period) accounted for a significant proportion of the corresponding data in the consolidated financial statements, which was the largest proportion of Hichain Logistics Co.Ltd(300873) profit
The main source is that it affects the key performance indicators of Hichain Logistics Co.Ltd(300873) the comprehensive logistics business transactions occur frequently and the transaction volume is large, which may have the inherent risk of inaccurate recognition amount or incorrect accounting period. Therefore, we identify the revenue recognition and cost carry forward of Hichain Logistics Co.Ltd(300873) comprehensive logistics business as key audit matters.
2. Audit response
Our audit procedures for revenue recognition and cost carry forward of comprehensive logistics business mainly include:
(1) Interview with Hichain Logistics Co.Ltd(300873) Management (hereinafter referred to as the management) and relevant sales personnel to understand the main ways Hichain Logistics Co.Ltd(300873) obtains customers, cooperation methods, key terms of the contract, analysis of the causes of sales changes of main customers, recent development of downstream market, etc; After understanding the design and operation of Hichain Logistics Co.Ltd(300873) and key internal controls related to sales and collection business, procurement and payment business and cost carry forward business in combination with the above methods, select samples to carry out walkthrough test on the revenue cycle, procurement and cost cycle of comprehensive logistics business; Further perform control tests on the revenue cycle, procurement and cost cycle of comprehensive logistics business to evaluate the design, operation and effectiveness of Hichain Logistics Co.Ltd(300873) and key internal controls related to sales and collection business, procurement and payment business and cost carry forward business;
(2) Through the analytical review procedure, analyze the rationality of the annual changes of comprehensive logistics business income and main customers, and make an annual and industry comparative analysis of the gross profit margin;
(3) Check the contracts signed by Hichain Logistics Co.Ltd(300873) with major customers and suppliers, including the risk transfer description, rights and obligations in the contract, and evaluate whether the relevant accounting treatment complies with the provisions of the accounting standards;
(4) Check whether the main information of customers and suppliers are disclosed on the official website, including whether the main information of customers and suppliers are disclosed;
(5) The following audit procedures are implemented for the revenue recognition and cost carry forward of comprehensive logistics business by sampling:
① Check the supporting documents related to revenue recognition and cost carry forward, including service providing / receiving business contract, service providing / receiving business invoice, service providing / receiving business statement, etc;
② According to the characteristics and nature of customer / supplier transactions, select customers / suppliers with large or important annual amount and large or important balance of receivable advance / payable advance at the end of the period for letter confirmation; Carry out post period collection / payment inspection and transaction inspection procedures during the reporting period for unresponsive customers / suppliers;
③ Perform the cut-off test for the business income / cost recognized before and after the balance sheet date, and check the supporting documents such as the settlement sheet to assess whether the business income / cost is recognized in the appropriate period.
(IV) other information
Hichain Logistics Co.Ltd(300873) Management (hereinafter referred to as "management") is responsible for other information. Other information includes the information covered in Hichain Logistics Co.Ltd(300873) 2021 annual report, 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.
There is a material inconsistency with the financial statements or the information we have learned in the audit process, or there seems to be a 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.
(V) 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 assessing the going concern ability of Hichain Logistics Co.Ltd(300873) and disclosing matters related to going concern and applying the going concern assumption, unless the management plans to liquidate Hichain Logistics Co.Ltd(300873) , terminate the operation or has no other realistic choice.
The management is responsible for supervising the financial reporting process of Hichain Logistics Co.Ltd(300873) .
(VI) 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 in order to design appropriate audit procedures, but the purpose is not to express an opinion on the effectiveness of internal control.
(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 Hichain Logistics Co.Ltd(300873) going concern ability. 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 Hichain Logistics Co.Ltd(300873) 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 sufficient and appropriate audit evidence on the financial information of entities or business activities in Hichain Logistics Co.Ltd(300873) 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 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.
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.
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Zhonghua Certified Public Accountants (special general partnership) Chinese certified public accountant
(project partner)
Chinese certified public accountant
Shanghai, China March 2, 2022
Hichain Logistics Co.Ltd(300873) 2021 consolidated balance sheet (amount in RMB)
Notes to assets December 31, 2021 December 31, 2020
Current assets ---
Monetary capital 5.17299090420744871527758
Trading financial assets 5.27555037282486362323211
Derivative financial assets ---
Notes receivable 5.371473773-
Accounts receivable 5.43635553029027663875869
Receivables financing --
