Sihui Fuji Electronics Technology Co.Ltd(300852) audit report Tian Ye Zi [2022] No. 7897
catalogue
Audit report 12021 annual financial statements 72021 annual financial statements note 19 Audit Report Sihui Fuji Electronics Technology Co.Ltd(300852) all shareholders:
1、 Audit opinion
We have audited the financial statements of Sihui Fuji Electronics Technology Co.Ltd(300852) (hereinafter referred to as " Sihui Fuji Electronics Technology Co.Ltd(300852) "), 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 shareholders' equity and notes to 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 Sihui Fuji Electronics Technology Co.Ltd(300852) the consolidated and parent company as of December 31, 2021, and 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 Sihui Fuji Electronics Technology Co.Ltd(300852) , 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.
Key audit matters how to deal with them in the audit
1. Revenue recognition
Our main audit procedures for revenue recognition include but are not limited to:
(1) Understand, evaluate and test the effectiveness of internal control design and operation related to Sihui Fuji Electronics Technology Co.Ltd(300852) sales and revenue of Sihui Fuji Electronics Technology Co.Ltd(300852) in 2021;
It is 1049691400 yuan. According to Sihui Fuji Electronics Technology Co.Ltd(300852) sales (2) understand the revenue recognition policy and the method of sales revenue recognition through the interview with the management, check the relevant terms of the contract for Sihui Fuji Electronics Technology Co.Ltd(300852) sales to major customers, analyze and evaluate the actual implementation of the products of domestic customers, confirm the appropriateness of the revenue recognition policy for the number of goods with customers, and confirm the sales revenue after reviewing whether the relevant accounting policies and the settlement amount; (IV) consistent application;
For the products sold by Fushi to overseas customers, four meetings (3) inquire and understand the main customers or Fushi's obtained customs declaration form through open channels, and send the background information of customers or their designated new customers, such as industrial and commercial registration data, etc., and confirm the sales revenue after signing and receiving at the confirmation place Whether Sihui Fuji Electronics Technology Co.Ltd(300852) major customers, Sihui Fuji Electronics Technology Co.Ltd(300852) and related parties have potential relationships with related parties in the form of supplier managed inventory (VMI); The products for trading shall be collected and sold by the customers
Sales revenue is recognized after verification. (4) Analyze the reasonable changes in the sales structure of main products
Considering that the amount of operating revenue is regarded as the wealth of the four associations, comparing with the gross profit margin of the same industry in the same period of history, analyzing the main key operating indicators, the sales revenue of products, the changes of gross profit margin of main customers, and reviewing whether the sum of sales revenue is included in the appropriate accounting period, there may be latent rationality;
In case of misstatement, therefore, we take the operating income (5) in combination with the audit of accounts receivable and the confirmation of major customers as the key audit matters. Sales volume, carry out substitution test for customers who have not replied;
Please refer to the accounting policies described in "(20 evidences, such as sales contract (order), delivery note, receipt (VI) income)" of the notes to the financial statements "III. important (6) taking samples to check the accounting policies and accounting estimates related to sales revenue transactions" "VI. warehouse receipt), customs declaration form, statement of account and sales invoice to verify whether the recognized sales revenue is true;
10） "Operating revenue and operating cost" and "ten (7) comparative analysis of the data of the service platform of the customs or the State Administration of foreign exchange application v. notes to the main items of the parent company's financial statements" to verify the authenticity of export sales; (IV) operating income and operating cost ". (8) The sales revenue transactions recorded before and after the balance sheet date are sampled and checked to the supporting vouchers for revenue recognition under each mode to evaluate whether the sales revenue is recorded in the appropriate accounting period.
Key audit matters how to deal with them in the audit
2. Impairment of accounts receivable
Our main audit procedures for revenue recognition include but are not limited to:
At the end of 2021, Sihui Fuji Electronics Technology Co.Ltd(300852) accounts receivable (1) understood, evaluated and tested the face value of Sihui Fuji Electronics Technology Co.Ltd(300852) credit policy, which was 213397700 yuan. Due to the large book value of effective accounts receivable designed and operated by internal control related to accounts receivable and accounts receivable management, the evaluation of bad debt provision is difficult;
Major accounting estimates and judgments involving the management, (2) analyze the accounting policies for the provision for bad debts of accounts receivable. Therefore, we take the provision for bad debts of accounts receivable as the rationality of accounting and review whether the relevant accounting policies are consistently applied; Key audit matters.
(3) Obtain the bad debt provision accrual table and check the accrual method. Please refer to "III. whether the important provisions are implemented in accordance with the bad debt policy" in the notes to the financial statements;
Accounting policies and accounting estimates "(XII) (4) analysis and calculation of bad debt reserves and receivables on the balance sheet date" "VI. The ratio between the amount and the balance of accounts receivable, compare" (IV) the provision and actual amount in the notes to the items of the consolidated financial statements for bad debts in the previous period, and analyze the "accounts receivable for bad debt provision" and "XV. Whether the provision for the financial statements of the parent company is sufficient; and" (I) accounts receivable in the notes to the main items of the statement
Payment ". (5) Analyze the rationality of the scale of accounts receivable of main customers in combination with the credit period of accounts receivable, and understand the reasonable reasons for the accounts receivable beyond the credit period, so as to identify whether there are situations affecting the evaluation results of Sihui Fuji Electronics Technology Co.Ltd(300852) accounts receivable bad debt reserves;
4、 Other information
Sihui Fuji Electronics Technology Co.Ltd(300852) Management (hereinafter referred to as "management") is responsible for other information. Other information includes the information covered in the 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 Sihui Fuji Electronics Technology Co.Ltd(300852) the ability of 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 Sihui Fuji Electronics Technology Co.Ltd(300852) .
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 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 Sihui Fuji Electronics Technology Co.Ltd(300852) 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, future events or circumstances may cause Sihui Fuji Electronics Technology Co.Ltd(300852) 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 Sihui Fuji Electronics Technology Co.Ltd(300852) 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 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.
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Chinese certified public accountant:
Beijing, China (project partner)
March 24, 2002
Chinese certified public accountant:
Consolidated balance sheet
Prepared by: Sihui Fuji Electronics Technology Co.Ltd(300852) December 31, 2021 amount unit: Yuan
Note no. of the project from December 31, 2021 to December 31, 2020
current assets
Monetary capital 2312325747314896993056 VI. (I)
△ provision for settlement
△ lending funds
Trading financial assets
