Guangdong Transtek Medical Electronics Co.Ltd(300562) audit report and financial statements 2021 xksbz [2022] No. zl10046
Guangdong Transtek Medical Electronics Co.Ltd(300562)
Audit report and financial statements
(from January 1, 2021 to December 31, 2021)
Table of contents page
1、 Audit report 1-5 II. Financial statements
Consolidated balance sheet and parent company balance sheet 1-4 consolidated income statement and parent company income statement 5-6 consolidated cash flow statement and parent company cash flow statement 7-8 consolidated statement of changes in owner’s equity and parent company statement of changes in owner’s equity 9-12 notes to financial statements 1-115
audit report
Xin Hui Shi Bao Zi [2022] No. zl10046 Guangdong Transtek Medical Electronics Co.Ltd(300562) all shareholders:
1、 Audit opinion
We have audited the financial statements of Guangdong Transtek Medical Electronics Co.Ltd(300562) (hereinafter referred to as Guangdong Transtek Medical Electronics Co.Ltd(300562) ), 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 financial position of Guangdong Transtek Medical Electronics Co.Ltd(300562) the consolidated and parent company as of December 31, 2021 and the operating results and cash flows of the consolidated and parent 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 Guangdong Transtek Medical Electronics Co.Ltd(300562) , 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.
The key audit matters identified in our audit are summarized as follows:
Key audit matters how to deal with them in the audit
(I) revenue recognition. Please (1) understand, evaluate and test the management’s accounting policies and disclosures related to revenue recognition. Refer to “III. (XXVII) revenue” and “v. design of key internal control related to revenue recognition and (XXXV) operating revenue and operating cost” in this note. Operational effectiveness. In 2021, the Guangdong Transtek Medical Electronics Co.Ltd(300562) consolidated financial statements (2) understood the company’s business model and settlement method, and the operating revenue was 18210725 million yuan, which was 36.23% higher than that in 2020. After checking relevant contracts, it was judged that the new revenue standard had an annual increase of 36.23%. Revenue recognition and performance impact.
As the operating revenue is the key operating indicator of the company, (3) for the sample of revenue transactions recorded this year, there is an inherent risk that the management will check the relevant documents in the transaction process in order to achieve specific goals or expectations, including manipulating the time point of revenue recognition. In addition, the delivery order, customer signing record, sales invoice and revenue recognition have a great impact on the financial statements, so the fund collection voucher will confirm the authenticity of the transaction; We identified revenue recognition as a key audit matter. For export revenue, we obtained the export items of the customs in 2021. Check the data with the book export revenue records, and check the collection of major customers.
(4) Obtain the sales list of the current year, implement the analysis procedure for the operating revenue, and judge the rationality of the changes in the revenue and gross profit margin of the current period.
(5) Implement letter confirmation procedures to important customers, inquire about the sales amount and current account balance in the current period, and confirm the authenticity and integrity of sales revenue. (6) Select a sample of revenue transactions recorded before and after the balance sheet date, check the delivery note and other supporting documents, and evaluate whether the revenue is recorded in the appropriate accounting period.
(II) accounting policies related to the provision for impairment of accounts receivable and the provision for impairment of accounts receivable (1) to understand, evaluate and test the corresponding collection and disclosure of management, please refer to “III. (x) the design rationality and means of internal control of financial account management” and “v. (III) accounts receivable” in this note. Row validity.
As of December 31, 2021, Guangdong Transtek Medical Electronics Co.Ltd(300562) (2) analyze the accounting of bad debt provision of accounts receivable, estimate the book balance of accounts receivable of 4263048 million yuan, the bad rationality, including the determination of account provision of accounts receivable portfolio of 242847 million yuan, the basis of book value and the judgment of expected credit loss rate, and evaluate 4020201 million yuan, accounting for 22.40% of the total assets.
The provision for bad debt reserves of accounts receivable in the current period is reasonable because the recoverability of accounts receivable is estimated and verified. The impairment test involves the important accountants of the management (3) review the estimation and judgment of the bad debt reserves accrued in the previous years, and if the accounts receivable cannot be written off or recovered on schedule, or the impact on the financial statements is more serious, evaluate the accuracy of the management’s previous forecasts. Therefore, we take the impairment of accounts receivable (4) select the sample of the ending balance of accounts receivable
Preparation is identified as key audit matters. Bank confirmation procedure: implement alternative audit procedures for customers who have not received confirmation reply.
(5) Select a sample of the balance of accounts receivable, check the collection after the period, and evaluate the authenticity and recoverability of accounts receivable in the current period.
4、 Other information
Guangdong Transtek Medical Electronics Co.Ltd(300562) Management (hereinafter referred to as management) is responsible for other information. Other information includes the information covered in Guangdong Transtek Medical Electronics Co.Ltd(300562) 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.
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 assessing Guangdong Transtek Medical Electronics Co.Ltd(300562) ‘s ability to continue as a going concern, disclosing matters related to going concern (if applicable), and applying the assumption of going concern, unless liquidation is planned, operation is terminated or there is no other realistic choice.
The management is responsible for supervising the financial reporting process of Guangdong Transtek Medical Electronics Co.Ltd(300562) .
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:
(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 to design appropriate audit procedures.
(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 Guangdong Transtek Medical Electronics Co.Ltd(300562) 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, it is possible that the business will not continue in the future.
(V) evaluate the overall presentation (including disclosure), 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 the entity or business activities in Guangdong Transtek Medical Electronics Co.Ltd(300562) to express an audit opinion on the consolidated 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. Lixin Certified Public Accountants (special general partnership) Chinese certified public accountant: Liang Qianhai
(project partner)
Shanghai China
Chinese certified public accountant: Ma Yue
March 17, 2002
Guangdong Transtek Medical Electronics Co.Ltd(300562)
Consolidated balance sheet
December 31, 2021
(unless otherwise specified, the monetary unit is RMB)
Notes to assets closing balance closing balance of last year
Current assets:
Monetary Fund
