Jiangsu Yunyi Electric Co.Ltd(300304)
2021 annual audit report
catalogue
1、 Audit report Page 1-5 II. Financial statements Page 6-13
(I) consolidated balance sheet Page 6
(II) balance sheet of the parent company Page 7
(III) consolidated income statement Page 8
(IV) profit statement of the parent company Page 9
(V) consolidated cash flow statement Page 10
(VI) cash flow statement of the parent company Page 11
(VII) consolidated statement of changes in owner's equity Page 12
(VIII) statement of changes in owner's equity of the parent company Page 13
3、 Notes to the financial statements Page 14-93
Audit report
TJS [2022] No. 558
Jiangsu Yunyi Electric Co.Ltd(300304) all shareholders:
1、 Audit opinion
We have audited the financial statements of Jiangsu Yunyi Electric Co.Ltd(300304) (hereinafter referred to as Jiangsu Yunyi Electric Co.Ltd(300304) company), including the consolidated and parent company's balance sheet as of December 31, 2021, the consolidated and parent company's income statement, consolidated and parent company's cash flow statement, consolidated and parent company's statement of changes in owner's 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 parent company's financial position of Jiangsu Yunyi Electric Co.Ltd(300304) company as of December 31, 2021, as well as the consolidated and parent company's operating results and cash flow 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 Jiangsu Yunyi Electric Co.Ltd(300304) 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. We shall not express an opinion on these matters based on the overall audit of the financial statements.
（1） Revenue recognition
1. Event description
See notes III (XXV) and V (Ⅱ) 1 to the financial statements for relevant information disclosure.
Jiangsu Yunyi Electric Co.Ltd(300304) company's operating revenue mainly comes from the R & D, production and sales of auto parts products and photovoltaic power generation business. In 2021, the amount of operating revenue items shown in the financial statements of Jiangsu Yunyi Electric Co.Ltd(300304) company was 1099341900 yuan, an increase of 30.94% year-on-year.
Since operating revenue is one of the key performance indicators of Jiangsu Yunyi Electric Co.Ltd(300304) company, there may be inherent risks that the management of Jiangsu Yunyi Electric Co.Ltd(300304) company (hereinafter referred to as the management) may achieve specific goals or expectations through inappropriate revenue recognition. Therefore, we identified revenue recognition as a key audit matter.
2. Audit response
For revenue recognition, our audit procedures mainly include:
(1) Understand the key internal controls related to revenue recognition, evaluate the design of these controls, determine whether they are implemented, and test the operation effectiveness of relevant internal controls;
(2) Check the main sales contracts, understand the main contract terms or conditions, and evaluate whether the revenue recognition method is appropriate;
(3) Implement substantive analysis procedures for operating revenue and gross profit margin on a monthly basis, products, customers, etc., identify whether there are significant or abnormal fluctuations, and find out the causes of fluctuations;
(4) For domestic sales revenue, check the supporting documents related to revenue recognition by sampling, including sales contracts, orders, sales invoices, delivery documents, customer signing documents or collection settlement documents; For export income, obtain the details of export tax rebate and check with the book records, and check the supporting documents such as sales contract, export declaration form, freight bill of lading and sales invoice by sampling;
(5) Combined with the letter of accounts receivable, the current sales volume is confirmed to the main customers by sampling;
(6) Conduct a cut-off test on the operating income recognized before and after the balance sheet date to evaluate whether the operating income is recognized in an appropriate period;
(7) Obtain the sales return records after the balance sheet date and check whether there is any situation that does not meet the conditions for revenue recognition on the balance sheet date;
(8) Check whether the information related to operating income has been properly presented in the financial statements.
（2） Trading financial assets, other current assets and their investment income
1. Event description
See notes III (x), V (I) 2, V (I) 10 and V (II) 8 to the financial statements for relevant information disclosure.
As of December 31, 2021, the book value of trading financial assets of Jiangsu Yunyi Electric Co.Ltd(300304) company is
755378300 yuan, the book value of other current assets - financial products is 560 million yuan, and the investment income formed by trading financial assets and other current assets is 885785 million yuan. As the amount of trading financial assets and other current assets of Jiangsu Yunyi Electric Co.Ltd(300304) company is significant and the investment income accounts for a relatively high proportion, we regard the recognition of trading financial assets, other current assets and their investment income as the key audit matters.
2. Audit response
For the recognition of trading financial assets, other current assets and their investment income, our audit procedures mainly include:
(1) Understand the key internal controls related to the company's investment in trading financial assets and other current assets, evaluate the design of these controls, determine whether they are implemented, and test the operation effectiveness of relevant internal controls; (2) Obtain and check the investment contracts and instructions related to various trading financial assets and other current assets, record the bill or capital flow records, investment account, check with the accounting treatment records, and check the relevant accounting treatment for the investment, recovery and investment income recognition of relevant trading financial assets and other current assets;
(3) We have confirmed the held trading financial assets and other current assets, checked the recovery of investment after the period, understood the relevant investment uses corresponding to the relevant financial asset products, and evaluated the fair value valuation and measurement of the relevant financial asset products;
(4) Check whether the information related to trading financial assets and other current assets has been properly presented in the financial statements.
4、 Other information
The management is responsible for other information. Other information includes the information covered in the 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.
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 sustainable operation ability of Jiangsu Yunyi Electric Co.Ltd(300304) company, disclosing matters related to sustainable operation (if applicable), and applying the assumption of sustainable operation, unless liquidation is planned, operation is terminated or there is no other realistic choice.
Jiangsu Yunyi Electric Co.Ltd(300304) corporate governance (hereinafter referred to as governance) is responsible for supervising the financial reporting process of Jiangsu Yunyi Electric Co.Ltd(300304) 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. The risk of fraud, collusion or failure to control may be higher than that caused by the discovery of material misstatement or fraud.
（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 the sustainable operation ability of Jiangsu Yunyi Electric Co.Ltd(300304) 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. However, future events or circumstances may cause Jiangsu Yunyi Electric Co.Ltd(300304) company 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 Jiangsu Yunyi Electric Co.Ltd(300304) company to express audit opinions 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).
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. Tianjian Certified Public Accountants (special general partnership) Chinese certified public accountant: Hu Youlin
(project partner)
Hangzhou, China Certified Public Accountant: Zhang Xuesheng
March 9, 2002
Jiangsu Yunyi Electric Co.Ltd(300304)
Notes to financial statements
Year 2021
Monetary unit: RMB 1. Basic information of the company
Jiangsu Yunyi Electric Co.Ltd(300304) (hereinafter referred to as the company or the company), formerly known as Xuzhou Yunhao Electronics Co., Ltd., registered with Xuzhou administration for Industry and Commerce on April 27, 2007 and obtained the business license of enterprise legal person with the registration number of Qi He Su Xu Zong Zi No. 001746. In March 2010, Xuzhou Yunhao Electronics Co., Ltd. was changed into the company as a whole. The company was registered with Xuzhou administration for Industry and Commerce of Jiangsu Province on May 19, 2010, and its headquarters is located in Xuzhou City, Jiangsu Province. The company now holds a business license with a unified social credit code of 91320 Jiangsu Leili Motor Corporation Limited(300660) 802674q, with a registered capital of 86603 China Communications Construction Company Limited(601800) yuan and a total of 86 Chongqing Zaisheng Technology Co.Ltd(603601) 8 shares (par value of 1 yuan per share). Among them, there are 22166284 tradable shares with limited sales conditions and 843869734 tradable shares with unlimited sales conditions. The company's shares were listed and traded on Shenzhen Stock Exchange on March 21, 2012.
The company belongs to the automotive electronics industry. The main business activities are R & D, production and sales of automotive electronic products. The main products are: vehicle rectifier, regulator and other products; Provide photovoltaic power generation business.
The financial statements have been approved by the 17th session of the 4th board of directors of the company on March 9, 2022.
The company will Xuzhou Yuntai Precision Technology Co., Ltd. (hereinafter referred to as Yuntai precision company), Jiangsu Yunrui Automotive Electrical System Co., Ltd. (hereinafter referred to as Yunrui electrical company), Jiangsu Yunyi Drive System Co., Ltd. (hereinafter referred to as Yunyi drive company), Shenzhen Yunbo Technology Electronics Co., Ltd. (hereinafter referred to as Shenzhen Yunbo company) Jiangsu Yunyi New Energy Technology Co., Ltd. (hereinafter referred to as Yunyi new energy company), Shanghai Yunling Automobile Technology Co., Ltd. (hereinafter referred to as Shanghai Yunling company), Zhuhai Yunyi daoyang equity investment fund (limited partnership) (hereinafter referred to as Yunyi daoyang company), Yunyi Technology (Hong Kong)
