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Quakesafe Technologies Co.Ltd(300767)
2021 annual audit report
Index page number
Audit report financial report of the company
- consolidated balance sheet 1-2
- balance sheet of parent company 3-4
- consolidated income statement 5
- income statement of the parent company 6
- consolidated cash flow statement 7
- cash flow statement of the parent company 8
- Consolidated Statement of changes in shareholders' equity 9-10
- statement of changes in shareholders' equity of the parent company 11-12
- Notes to financial statements 13-105
ShineWing certified public accountants, Chaoyang men North Street, Dongcheng District, Beijing Tel: + 86 (010) 65542288, 9 / F, block a, Fu Hua Manson,
ShineWing No.8, Chaoyangmen Beidajie, fax:
Dongcheng District, Beijing, +86(01065547190 certified public accountants 100027, P.R.China facsimile: +86(01065547190
audit report
XYZH/2022KMAA50009
Quakesafe Technologies Co.Ltd(300767) all shareholders:
1、 Audit opinion
We have audited the financial statements of Quakesafe Technologies Co.Ltd(300767) (hereinafter referred to as Quakesafe Technologies Co.Ltd(300767) company), including 2021
Consolidated and parent company's balance sheet as of December 31, 2012, consolidated and parent company's income statement, consolidated and parent company's income statement in 2021
The company's cash flow statement, consolidated and parent company's statement of changes in shareholders' 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 present fairly
The consolidated and parent company financial status of Quakesafe Technologies Co.Ltd(300767) company on December 31, 2021 and the consolidated and parent company in 2021
Operating results and cash flow of the company.
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 Quakesafe Technologies Co.Ltd(300767) 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. 1. Revenue recognition time
Countermeasures in key audit matters
Quakesafe Technologies Co.Ltd(300767) company is mainly engaged in the audit of seismic isolation rubber bearings, which we carried out according to the time point of operating revenue recognition
Production and sales. The sequence mainly includes:
For example, "note IV, 31. Principles of revenue recognition and internal accounting test related to the recognition of operating revenue"
The accounting policy described in "measurement method", and the effectiveness of the design and operation of the Department's control in note VI, 37;
According to the financial information of "operating revenue and operating cost", select samples to check the sales contract and identify and
The main business income recognized by an technology company in 2021 is related when the customer obtains the control of relevant goods or services
It is 659516200 yuan, all of which are the terms and conditions of the contract arising from the sales in China. The income of Quakesafe Technologies Co.Ltd(300767) company is evaluated. Whether the revenue recognition time point meets the requirements of Quakesafe Technologies Co.Ltd(300767) company for seismic isolation rubber bearings in accordance with the accounting standards for business enterprises;
Revenue is recognized when the customer obtains the control right of relevant goods or services and selects samples of revenue transactions recorded in this year. According to the sales contract, the sales contract, delivery order, receipt confirmation and rubber bearing are usually checked with isolation, and the waybill provided by the third party of the customer is obtained after the goods are delivered and accepted by the customer, Evaluate whether the relevant revenue confirmation is whether the receipt confirmation signed by the customer meets the accounting policy of revenue recognition of Quakesafe Technologies Co.Ltd(300767) company when it is used as the confirmation of sales revenue.
And check whether the relevant accounting treatment is correct;
As revenue is one of the key performance indicators recorded by Quakesafe Technologies Co.Ltd(300767) company before and after the balance sheet date, there is an inherent risk that the management will manipulate the time point of revenue recognition in order to achieve specific objectives by selecting samples, checking delivery orders, receipt confirmations, waybills and other supporting files provided by the third party, so as to bid evaluation or expectation, Whether the price income is recorded in the appropriate accounting period; We identified the revenue recognition of Quakesafe Technologies Co.Ltd(300767) company as the key, and selected samples of customers recorded in this year to confirm the audit matters by letter. Sales contract amount, transaction amount and current account balance to evaluate the accuracy of revenue recognition;
Select all samples of sales returns after the balance sheet date and check whether there are abnormal returns to evaluate whether the revenue is recorded in the appropriate accounting period.
2. Bad debt provision for accounts receivable
Countermeasures in key audit matters
As stated in "note VI, 3. Accounts receivable", as of December 31, 2021, the audit procedures of Quakesafe Technologies Co.Ltd(300767) company mainly include:
And the book balance of accounts receivable in the financial statements is (1) the daily accounts receivable of the test management is 6294085 million yuan, the balance of bad debt provision is 823309 million yuan, the internal control related to management and end of period recoverability evaluation is 10000 yuan, and the book value is 5470776 million yuan. The effectiveness of the design and operation of the earthquake safety system;
Based on the recoverability of accounts receivable (2) review the management's accounts receivable to reduce the basis and confirm the bad debt provision. The management calculates the expected credit loss based on the relevant considerations and objective evidence of aging and customer value test, and pays attention to the characteristics of managed credit risk. Whether the management has fully identified the items that have been impaired; With reference to the experience of historical credit loss and in combination with the current situation (3) for the accounts receivable with separate bad debt provision and the prediction of future economic conditions, the Management prepares the accounts receivable, selects all samples, reviews the basis and comparison table of the management's estimation of the cash flow available in the expected future accounting period or aging and the expected credit loss rate in the whole duration, and calculates the expected credit loss. Be rational and check whether the relevant accounting treatment is correct; (4) For accounts receivable for which the management adopts the expected credit loss model based on aging characteristics to withdraw bad debt reserves, compare and analyze with the bad debt withdrawal policies of Companies in the same industry to evaluate whether the expected credit loss rate determined by the management is reasonable, And check whether the relevant accounting treatment is correct;
(5) Evaluate the rationality of the management's provision for bad debt reserves in combination with the inspection of the payment collection after the period.
Quakesafe Technologies Co.Ltd(300767) 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 Quakesafe Technologies Co.Ltd(300767) company, 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 Quakesafe Technologies Co.Ltd(300767) company, disclosing matters related to sustainable operation (if applicable), and applying the assumption of sustainable operation, unless the management plans to liquidate Quakesafe Technologies Co.Ltd(300767) company, terminate operation or have no other realistic choice.
The management is responsible for supervising the financial reporting process of Quakesafe Technologies Co.Ltd(300767) 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. 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.
(2) Understand the internal control related to audit to design appropriate audit procedures.
(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 Quakesafe Technologies Co.Ltd(300767) company. If we conclude that there is significant uncertainty, the auditing standards require us to
