Foshan Nationstar Optoelectronics Co.Ltd(002449)
Audit report on the financial statements of 2021
catalogue
1、 Audit report 1-4 II. Audited financial statements
1. Consolidated balance sheet 5-6
2. Balance sheet 7-8
3. Consolidated income statement nine
4. Income statement ten
5. Consolidated cash flow statement eleven
6. Cash flow statement twelve
7. Consolidated statement of changes in shareholders’ equity 13-14
8. Statement of changes in shareholders’ equity 15-16
9. Notes to the financial statements 17-89 III. annexes
1. Business license
2. Practice certificate of accounting firm
3. Practicing certificate of project partner and certified public accountant
China Securities Tiantong Certified Public Accountants (special general partnership)
Beijing, China
Audit report on the financial statements of CSI Tiantong Foshan Nationstar Optoelectronics Co.Ltd(002449) 2021
Audit report
Zhong Zheng Tian Tong [2022] Zheng Shen Zi No. 0700001 Foshan Nationstar Optoelectronics Co.Ltd(002449) all shareholders:
1、 Audit opinion
We have audited the financial statements of Foshan Nationstar Optoelectronics Co.Ltd(002449) (hereinafter referred to as ” Foshan Nationstar Optoelectronics Co.Ltd(002449) “), including the consolidated and company’s balance sheet as of December 31, 2021, the consolidated and company’s income statement, consolidated and company’s cash flow statement, consolidated and company’s statement of changes in shareholders’ 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 Foshan Nationstar Optoelectronics Co.Ltd(002449) the consolidated company as of December 31, 2021 and the operating results and cash flow of the consolidated 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 Foshan Nationstar Optoelectronics Co.Ltd(002449) , 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 in the audit of 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. We confirm that the following matters are the key audit matters that need to be communicated in the audit report.
Revenue recognition
1. Item description
As shown in the accounting policies described in “III. important accounting policies and accounting estimates” (XXVIII) in the notes to the consolidated financial statements and “v. notes to main items of the consolidated financial statements” (XXXVII), Foshan Nationstar Optoelectronics Co.Ltd(002449) is mainly engaged in the production and sales of electronic components and products. In 2021, the operating revenue was 3806347400 yuan, an increase of 16.64% over the same period of the previous year. As revenue is one of the key performance indicators of Foshan Nationstar Optoelectronics Co.Ltd(002449) the recognition of revenue has a significant impact on Foshan Nationstar Optoelectronics Co.Ltd(002449) ‘s financial status and operating results. Therefore, we regard the recognition of income as a key audit matter.
2. Audit response
Audit report on the financial statements of CSI Tiantong Foshan Nationstar Optoelectronics Co.Ltd(002449) 2021
For the recognition of Foshan Nationstar Optoelectronics Co.Ltd(002449) revenue, we have implemented the following main procedures:
(1) Understand Foshan Nationstar Optoelectronics Co.Ltd(002449) 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 internal controls related to revenue;
(2) Combined with Foshan Nationstar Optoelectronics Co.Ltd(002449) business model, check the sales contracts of major customers, identify the contract terms and conditions and relevant performance obligations related to the transfer of commodity control, and evaluate whether the revenue recognition policies comply with the provisions of accounting standards for business enterprises and whether the previous and subsequent periods are consistent; (3) Check the supporting documents related to revenue recognition by sampling, including sales contracts, sales invoices, shipping documents, export declaration documents, etc;
(4) The balance of accounts receivable shall be confirmed to customers by sampling to confirm its authenticity and integrity;
(5) Compare with the same industry and evaluate the rationality of the change of Foshan Nationstar Optoelectronics Co.Ltd(002449) operating income in combination with the changes of Foshan Nationstar Optoelectronics Co.Ltd(002449) customers, product structure, price management and other factors;
(6) Implement analysis procedures for revenue and cost, including fluctuation analysis of revenue, cost and gross profit margin according to product category, and compare with previous periods to identify whether there are significant or abnormal fluctuations;
(7) Sample the industrial and commercial data of sales customers through the public information platform, obtain and check the list of related parties to confirm whether Foshan Nationstar Optoelectronics Co.Ltd(002449) and customers have an association relationship;
(8) Combined with other income audit procedures, such as payment collection records after the inspection period, sales return records after the inspection period, and check the reconciliation letter between Foshan Nationstar Optoelectronics Co.Ltd(002449) and customers, so as to confirm the authenticity and integrity of income in the current period;
(9) Check whether the information related to operating income has been properly presented in the financial statements.
4、 Other information
Foshan Nationstar Optoelectronics Co.Ltd(002449) management is responsible for other information. Other information includes the information covered in Foshan Nationstar Optoelectronics Co.Ltd(002449) 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
Foshan Nationstar Optoelectronics Co.Ltd(002449) 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 due to fraud or error.
When preparing the financial statements, Foshan Nationstar Optoelectronics Co.Ltd(002449) management is responsible for evaluating Foshan Nationstar Optoelectronics Co.Ltd(002449) ‘s ability to continue as a going concern, disclosing matters related to going concern and applying the assumption of going concern, unless Foshan Nationstar Optoelectronics Co.Ltd(002449) management plans to liquidate Foshan Nationstar Optoelectronics Co.Ltd(002449) or terminate operation or has no other realistic choice.
The management is responsible for supervising the financial reporting process of Foshan Nationstar Optoelectronics Co.Ltd(002449) .
Audit report on the financial statements of CSI Tiantong Foshan Nationstar Optoelectronics Co.Ltd(002449) 2021
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 aggregate 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 auditing in accordance with the auditing standards, we use professional judgment and maintain professional suspicion. At the same time, we also carry out the following work:
(I) identify and assess the risk 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 Foshan Nationstar Optoelectronics Co.Ltd(002449) ‘s ability to continue as a going concern. If we conclude that there are significant uncertainties, the auditing standards require us to draw the attention of report 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 result in Foshan Nationstar Optoelectronics Co.Ltd(002449) inability to continue as a going concern.
(V) evaluate the overall presentation, structure and content (including disclosure) 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 Foshan Nationstar Optoelectronics Co.Ltd(002449) entities or business activities to express an audit opinion 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.
From the matters communicated with the management, we determine which matters are most important to 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.
Audit report on the financial statements of CSI Tiantong Foshan Nationstar Optoelectronics Co.Ltd(002449) 2021
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Certified Public Accountants of China Securities Tiantong certified public accountants: Luo Dongri
(special general partnership) (project partner)
Chinese certified public accountant: Huang Li
Beijing, China
March 22, 2002
Consolidated balance sheet
Prepared by: Foshan Nationstar Optoelectronics Co.Ltd(002449) unit: RMB
Project note V December 31, 2021 December 31, 2020
Current assets:
Monetary capital (I) 9976881846367156379522
Trading financial assets (II) 20000 Shenzhen Fountain Corporation(000005) 276926218
Derivative financial assets
Notes receivable (III) 110233351511101159919901
Accounts receivable (IV) 5543847170557021206744
account receivable financing
Prepayment (V) 13354147301695489596
Other receivables (VI) 3451162141485138363
Including: interest receivable 93428910
Dividends receivable
Inventory (VII) 9050450641390944895075
Contract assets
Assets held for sale
