Financial statements and audit reports of baijiahao (Shanghai) Fashion Co., Ltd. for 2020 and January September 2021
catalogue
Contents page I. audit report 1-3 II. Audited financial statements
Consolidated and company balance sheet 4-5 consolidated and company income statement 6 consolidated and company cash flow statement 7 consolidated and company owner’s equity change statement 8-11 III. notes to financial statements 12-83
Audit report
Zhonghui Zi (2021) No. 08935 all shareholders of baijiahao (Shanghai) Fashion Co., Ltd.:
1、 Audit opinion
We have audited baijiahao (Shanghai) Fashion Co., Ltd. (hereinafter referred to as “baijiahao company”) ）The financial statements include the consolidated and company’s balance sheet as of December 31, 2020 and September 30, 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 for 2020 and January September 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 financial position of baijiahao company on December 31, 2020 and September 30, 2021, as well as the consolidated and operating results and cash flow of baijiahao company in 2020 and January September 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 100 good companies 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、 Responsibilities of management and governance for financial statements
The management of baijiahao company (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 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 sustainable operation ability of baijiahao company, disclosing matters related to sustainable operation, and applying the assumption of sustainable operation, unless the management plans to liquidate baijiahao company, terminate operation or has no other realistic choice.
The management is responsible for supervising the financial reporting process of 100 good companies.
4、 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 baijiahao company. If we conclude that there are significant uncertainties, the audit standards require us to submit a report in the audit report Table 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 lead to the failure of 100 good companies to continue their operations.
(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 baijiahao company 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.
5、 Purpose of audit report
This report is only used for the purpose of Nanji E-Commerce Co.Ltd(002127) purchasing 100% equity of baijiahao company from baijiahao Hong Kong Co., Ltd. and shall not be used for other purposes without the written consent of our accounting firm.
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Zhonghua Certified Public Accountants (special general partnership) Chinese certified public accountant: Fu Shengwen
Chinese certified public accountant: Luo Shuang
Shanghai, China, December 20, 2021
Financial statements
Consolidated and company balance sheet
Prepared by: baijiahao (Shanghai) Fashion Co., Ltd. unit: yuan currency: RMB
Project notes: 2021-9-30 merger 2020-12-31 merger 2021-9-30 company 2020-12-31 company
Current assets:
Monetary capital v. 132207554.3676829978.2932095122.5776335528.57
Trading financial assets—-
Derivative financial assets—-
Notes receivable—-
Accounts receivable v. 213845116.21265110709.54136902996.44263590513.28
Receivables financing—-
Prepayment v. 340140889.3544010638.4740140889.3544010638.47
Other receivables v. 460914673.1967527361.8660914673.1967527361.86
Including: interest receivable—-
Dividends receivable—-
Inventory v. 5428714204.03307614953.29428714204.03307614953.29
Contract assets—-
Assets held for sale—-
Non current assets due within one year—-
Other current assets v. 617276400.1414841024.6817262304.4614841024.68
Total current assets 717668837.28775934666.13716030190.04773920020.15
Non current assets:
Debt investment—-
Other debt investment—-
Long term receivables—-
Long term equity investment—-
Investment in other equity instruments—-
Other non current financial assets—-
Investment real estate
