Thunder Software Technology Co.Ltd(300496)
Yksz (2022) No. 0110002
Asia Pacific (Group) Certified Public Accountants (special general partnership)
March 3, 2002
catalogue
Project start page audit report 1
financial statements
Consolidated balance sheet 7
Consolidated income statement 9
Consolidated Cash Flow Statement 10 consolidated statement of changes in shareholders’ equity 11 balance sheet 13 income statement 15 cash flow statement 16 Statement of changes in shareholders’ equity 17 notes to financial statements 19 supplementary information to notes to financial statements
Audit report
Yksz (2022) No. 0110002 Thunder Software Technology Co.Ltd(300496) all shareholders:
1、 Audit opinion
We have audited the financial statements of Thunder Software Technology Co.Ltd(300496) (hereinafter referred to as ” Thunder Software Technology Co.Ltd(300496) company”), including the consolidated and company’s balance sheet as of December 31, 2021, the consolidated and company’s income statement, consolidated and company’s cash flow statement, consolidated and company’s statement of changes in shareholders’ equity and notes to relevant financial statements in 2021.
In our opinion, the attached financial statements are prepared in accordance with the provisions of the accounting standards for business enterprises in all material aspects, and fairly reflect the consolidated and financial position of Thunder Software Technology Co.Ltd(300496) company as of December 31, 2021, and the consolidated and operating results and cash flow of the company 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. In accordance with the code of professional ethics for Chinese certified public accountants, we are independent of Thunder Software Technology Co.Ltd(300496) 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. In addition to the matters described in the section “significant uncertainties related to going concern”, we determine that the following matters are key audit matters that need to be communicated in the audit report.
(I) revenue recognition
1. Item description
Thunder Software Technology Co.Ltd(300496) company is a provider of intelligent operating system products and technologies. Products and services mainly include software development and technical services, software products and integrated software and hardware solutions. The source of income is mainly the provision of software development and technical services to customers. As shown in notes V and 37 to the financial statements, the operating income of Thunder Software Technology Co.Ltd(300496) company in 2021
RMB 4126742500 was received. Operating revenue is the main profit source and key performance index of Thunder Software Technology Co.Ltd(300496) company. The accuracy and completeness of revenue recognition have a great impact on the profits of Thunder Software Technology Co.Ltd(300496) company. Therefore, we regard revenue recognition as a key audit matter.
2. Audit response
Our audit procedures for revenue recognition and measurement include but are not limited to:
(1) Understand and evaluate the effectiveness of the design and operation of internal control related to operating revenue recognition;
(2) Check the main customer contracts, identify the contract terms and conditions related to the transfer of commodity control, and evaluate whether the accounting policies for revenue recognition meet the requirements of the accounting standards for business enterprises;
(3) Analyze the operating income and gross profit in combination with the type of income to judge whether there is abnormal fluctuation in the amount of income in the current period and whether the reason for the fluctuation is reasonable;
(4) Select samples from operating revenue records and contract standing books to carry out detailed tests, and check whether supporting documents are complete and whether revenue recognition is accurate and complete;
(5) According to the characteristics and nature of customer transactions, select samples to implement the letter confirmation procedure to confirm the authenticity and accuracy of the amount of commodity sales revenue.
(6) Conduct a cut-off test to focus on whether there are major intertemporal situations.
(7) Check whether the information related to operating income has been properly presented and disclosed in the financial statements. （2） Goodwill impairment
1. Item description
As stated in notes V and 18 to the financial statements, as of December 31, 2021, Thunder Software Technology Co.Ltd(300496) company’s consolidated statements
The amount of goodwill reported in the report is 404819600 yuan, which is the goodwill confirmed by Thunder Software Technology Co.Ltd(300496) company’s acquisition of Beijing epxinsi Electronic Technology Co., Ltd. and Beijing Huichi Technology Co., Ltd. in April 2016, 193984500 yuan confirmed by acquisition of rightware oy in February 2017 and 165022 million yuan confirmed by acquisition of MM solutions ead in March 2018, In February 2021, the goodwill confirmed by the acquisition of fuyihang Intelligent Technology (Suzhou) Co., Ltd. was RMB 16.029 million.
According to the accounting standards for business enterprises, the management of Thunder Software Technology Co.Ltd(300496) company conducts impairment test on goodwill at the end of each year. Impairment assessment involves determining the discount rate, sales growth rate in the future, gross profit margin and other evaluation parameters. The evaluation process of goodwill impairment test is complex and needs to rely on the judgment of the management. Therefore, we identify goodwill impairment as a key audit event.
2. Audit response
Our audit procedures for goodwill impairment mainly include:
(1) Understand the key internal controls related to goodwill impairment, evaluate the design of these controls, determine whether they are implemented, and test the operational effectiveness of relevant internal controls;
(2) Review the management’s forecast of the present value of future cash flow and actual operating results in previous years, and evaluate the accuracy of the management’s past forecast;
(3) Understand and evaluate the competence, professional quality and objectivity of external evaluation experts employed by the management; (4) Evaluate the rationality and consistency of the methods used by the management in the impairment test;
(5) Evaluate the rationality of the key assumptions adopted by the management in the impairment test;
(6) Test the accuracy, completeness and relevance of the data used by the management in the impairment test, and review the internal consistency of relevant information in the impairment test;
(7) Check whether the information related to goodwill impairment has been properly presented and disclosed in the financial statements. 4、 Other matters
Thunder Software Technology Co.Ltd(300496) 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 a shares, 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、 Other information
Thunder Software Technology Co.Ltd(300496) 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 a shares, 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.
6、 Responsibilities of management and governance for financial statements
Thunder Software Technology Co.Ltd(300496) 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 major misstatement caused by fraud or error.
When preparing the financial statements, the management is responsible for evaluating the sustainable operation ability of Thunder Software Technology Co.Ltd(300496) company, disclosing matters related to sustainable operation (if applicable), and applying the assumption of sustainable operation, unless the management plans to liquidate Thunder Software Technology Co.Ltd(300496) company, terminate operation or have no other realistic choice.
The management is responsible for supervising the financial reporting process of Thunder Software Technology Co.Ltd(300496) company.
7、 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:
(I) 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.
(II) understand the internal control related to audit in order to design appropriate audit procedures, but the purpose is not to express opinions on the effectiveness of internal control.
(III) evaluate the appropriateness of accounting policies selected by the management and the rationality of accounting estimates and related disclosures. (IV) draw a conclusion on the appropriateness of the management’s use of the going concern assumption. 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 Thunder Software Technology Co.Ltd(300496) 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 non unqualified opinions. Our conclusions are based on the information available as of the date of the audit report. However, future events or circumstances may cause Thunder Software Technology Co.Ltd(300496) company to be unable to continue its business.
(V) evaluate the overall presentation, structure and content of the financial statements, and evaluate whether the financial statements fairly reflect relevant transactions and events.
(VI) obtain sufficient and appropriate audit evidence on the financial information of entities or business activities in Thunder Software Technology Co.Ltd(300496) company to express an opinion on the financial statements. We are responsible for guiding, supervising and executing the group audit. We are fully responsible for the audit opinion.
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).
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.
[there is no text on this page, which is the signature and seal page of the audit report yksz (2022) No. 0110002] Chinese certified public accountant of Asia Pacific (Group) certified public accountants:
(special general partnership) (project partner)
Chinese certified public accountant:
China
