Shanghai Precise Packaging Co.Ltd(300442) : audit report of Runze Technology Development Co., Ltd
Runze Technology Development Co., Ltd
Rong Cheng Shen Zi [2021] No. 230z4226 Rong Cheng Certified Public Accountants (special general partnership)
Beijing, China
catalogue
Serial number content page number
1 audit report 1 - 4
2 consolidated balance sheet 5 - 6
3 consolidated income statement 7
4 consolidated cash flow statement 8
5 consolidated statement of changes in owner's equity 9 - 12
6 parent company balance sheet 13 - 14
7. Income statement of the parent company 15
8 cash flow statement of parent company 16
9 statement of changes in owner's equity of the parent company 17 - 20
10 notes to the financial statements 21 - 182
Audit report
Rong Cheng Shen Zi [2021] No. 230z4226 all shareholders of Runze Technology Development Co., Ltd.:
1、 Audit opinion
We have audited Runze Technology Development Co., Ltd. (hereinafter referred to as "Runze technology") ）Financial statements, including the consolidated and parent company's balance sheet on October 31, 2021, December 31, 2020, December 31, 2019 and December 31, 2018, the consolidated and parent company's income statement, consolidated and parent company's cash flow statement from January to October, 2021, 2020, 2019 and 2018 Consolidated and parent company's statement of changes in owner's equity and 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 fairly reflect the consolidated and parent company's financial position of Runze technology as of October 31, 2021, December 31, 2020, December 31, 2019 and December 31, 2018, as well as the financial position of January October 2021, 2020, 2019 Operating results and cash flows of the merger and parent company in 2018.
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 Runze technology 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
Key audit matters are the most important matters that we believe are the audit of financial statements from January to October 2021, 2020, 2019 and 2018 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 do not express separate opinions on these matters.
(i) Revenue recognition
1. Event description
The operating revenue of Runze technology from January to October 2021 was 1670774367.18 yuan (consolidated statements, the same below), operating income of 1393561515.30 yuan in 2020, 988816525.26 yuan in 2019 and 628485510.56 yuan in 2018. The appropriateness of operating income recognition has a great impact on the operating results of Runze technology. Therefore, we regard revenue recognition as a key audit matter. Relevant information is described in notes V and 31 to the financial statements Disclosure.
2. Audit response
Our procedures for revenue recognition include:
(1) Interview with the management to understand the auditee and its environment, and evaluate the integrity and fraud risk of the management. (2) understand and test the design and implementation of Runze technology's internal control system and financial accounting system related to sales and collection.
(3) Implement analytical review procedures, including analysis of fluctuations in income, cost and gross profit during the reporting period. (4) In combination with the audit of accounts receivable, we confirmed the balance of major customers on October 31, 2021, December 31, 2020, December 31, 2019 and December 31, 2018 and the amount incurred from January to October, 2021, 2020, 2019 and 2018 to verify the authenticity of revenue; we also randomly checked the relevant documents for revenue recognition and checked the authenticity of recognized revenue.
(5) Check important customer contracts, settlement vouchers, collection vouchers and other documents.
(6) Recalculate the income according to the contract unit price, billing method and system data, and compare it with the financial data.
(7) Perform a cut-off test on revenue transactions recorded before and after the balance sheet date.
Through the implementation of the above procedures, we found no abnormality in the revenue recognition of Runze technology.
4、 Responsibilities of management and governance for financial statements
The management of Runze Technology (hereinafter referred to as the management) is responsible for preparing the financial statements in accordance with the accounting standards for business enterprises to achieve a fair reflection, and designing, implementing and maintaining necessary internal control to make the financial statements
When preparing the financial statements, the management is responsible for evaluating the continuous operation ability of Runze technology, disclosing matters related to continuous operation, and applying the assumption of continuous operation, unless the management plans to liquidate Runze technology, terminate operation or has no other realistic choice.
The management is responsible for supervising the financial reporting process of Runze technology.
5、 Responsibilities of certified public accountants for the audit of financial statements
Our objective is to obtain reasonable assurance as to whether the financial statements as a whole are free from material misstatement due to fraud or error, and to issue an audit report containing audit opinions. Reasonable assurance is a high-level assurance, but it does not guarantee that an audit performed in accordance with audit standards can 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 performing audit work in accordance with 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. As fraud may involve collusion, forgery, intentional omission, false statement or override of internal control, it is unable to find the risks caused by fraud The risk of material misstatement is higher than that of failure to find material misstatement caused by errors.
(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 a conclusion on the appropriateness of the management's use of the going concern assumption. At the same time, based on the audit evidence obtained, draw a conclusion on whether there are significant uncertainties in the matters or circumstances that may lead to major doubts about the going concern ability of Runze technology. If we conclude that there are significant uncertainties, the audit standards require us to submit the statements in the audit report Users should pay attention to the relevant disclosures in the financial statements; 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 Runze technology 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 sufficient and appropriate audit evidence on the financial information of entities or business activities in Runze technology to express an audit opinion on the financial statements. We are responsible for guiding, supervising and executing the group audit and assume full responsibility for the audit opinion.
We communicate with the management on the planned audit scope, schedule and major audit findings, including the noteworthy internal control defects 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.
(this page is the signature and seal page of Runze technology rongchengshen Zi [2021] No. 230z4226 report.)
China certified public accountant of Rongcheng Certified Public Accountants (project partner):
(special general partnership)
Chinese certified public accountant:
Beijing, China Certified Public Accountant:
December 24, 2021
Consolidated balance sheet
Prepared by: Runze Technology Development Co., Ltd. unit: yuan currency: RMB
Project notes October 31, 2021 December 31, 2020 December 31, 2019 December 31, 2018
Current assets:
Monetary capital v. 114099584.271167198188.00252373492.55403087456.24
Trading financial assets are financial assets measured at fair value and their changes are included in current profits and losses. Notes receivable of derivative financial assets
Accounts receivable v. 2279472744.88202737089.10117147993.3191134177.60
Receivables financing
Prepayment v. 3174407.01151402.59235977.00
Other receivables v. 434710725.881798309796.391677497348.71158229290.26
Including: interest receivable
Dividends receivable
Inventory contract assets non current assets due within one year of assets held for sale
Other current assets v. 5317717378.77265439428.73207454238.02149548763.83
Total current assets: 2042034840.813433835904
