Shenzhen Xinhao Photoelectricity Technology Co.Ltd(301051)
Financial statements of 2021
Audit report
Zxcs No. 2022s00258
Zhongxi Certified Public Accountants (special general partnership)
Address: 11th floor, block a, Xincheng culture building, No. 11, Chongwenmenwai Street, Dongcheng District, Beijing zip code: 100062
Tel: 01067085873
Fax: 01067084147
Email: [email protected].
catalogue
Content page I. audit report 1-4 II. Audited financial statements
Consolidated balance sheet 5-6 consolidated income statement 7
Consolidated cash flow statement 8
Consolidated statement of changes in shareholders’ equity 9-10 company balance sheet 11-12 company income statement 13 company cash flow statement 14 company statement of changes in shareholders’ equity 15-16 III. notes 17-94 IV to financial statements Business license and qualification certificate of accounting firm
ZHONGXI CPAs（SPECIAL GENERAL PARTNERSHIP）
Audit report
Zxcs No. 2022s00258 Shenzhen Xinhao Photoelectricity Technology Co.Ltd(301051) all shareholders:
1、 Audit opinion
We have audited the financial statements of Shenzhen Xinhao Photoelectricity Technology Co.Ltd(301051) (hereinafter referred to as Shenzhen Xinhao Photoelectricity Technology Co.Ltd(301051) company), 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 consolidated and financial position of Shenzhen Xinhao Photoelectricity Technology Co.Ltd(301051) company as of December 31, 2021, and the consolidated and operating results and cash flow of the 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 Shenzhen Xinhao Photoelectricity Technology Co.Ltd(301051) 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.
Address: floor 11, block a, Xincheng culture building, No. 11, Chongwenmenwai Street, Dongcheng District, Beijing
Tel: 01067085873 Fax: 01067084147 postal code: 100062
ZHONGXI CPAs（SPECIAL GENERAL PARTNERSHIP）
Recognition of income
1. Event description
Shenzhen Xinhao Photoelectricity Technology Co.Ltd(301051) company is a high-tech enterprise mainly engaged in the R & D, production and sales of glass protective screen. Its products are widely used in the new generation of information terminals such as smart phones, tablet computers and smart watches. As described in notes IV, 29 and VI and 35 of the financial statements, the revenue in 2021 was 1876776900 yuan.
Due to the high frequency of product delivery of Shenzhen Xinhao Photoelectricity Technology Co.Ltd(301051) company, there may be potential misstatement of such operating revenue that cannot be included in the appropriate accounting period. We focus on the integrity and accuracy of operating revenue and determine it as a key audit matter.
2. Audit response
Our main audit procedures for sales revenue include:
(1) Understand and evaluate the effectiveness of the design and operation of key internal controls related to revenue recognition;
(2) Select samples to understand sales contracts or orders, and evaluate whether the revenue recognition time point meets the requirements of accounting standards;
(3) Implement analysis procedures for income and gross profit, and judge the rationality of changes in income and gross profit;
(4) Extract the accounting records of sales revenue recognition in China and check them with relevant sales orders, delivery orders, signed receipts or statements; And check the sales related orders, delivery orders, sign in documents or statements with the revenue recognized in the book, so as to check the integrity of revenue recognition; For export sales, check the sales records with export sales documents such as delivery note, export declaration form and sales invoice with the revenue recognized in the book;
(5) Test the sales revenue confirmed before and after the balance sheet date and check it to the order, delivery order, receipt or statement; And extract the delivery order, receipt or statement before and after the balance sheet date, and check it to the sales revenue recognized before and after the balance sheet date, so as to evaluate whether the sales revenue is recognized in the appropriate accounting period;
(6) Select important customers and implement letter confirmation procedures to confirm the relevant sales revenue amount and accounts receivable balance; (7) We take the return records after the balance sheet date to check whether there is a possibility that the sales revenue will not be properly included.
Address: floor 11, block a, Xincheng culture building, No. 11, Chongwenmenwai Street, Dongcheng District, Beijing
Tel: 01067085873 Fax: 01067084147 postal code: 100062
ZHONGXI CPAs（SPECIAL GENERAL PARTNERSHIP）
4、 Responsibilities of management and governance for financial statements
Shenzhen Xinhao Photoelectricity Technology Co.Ltd(301051) the management of the company (hereinafter referred to as 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 Shenzhen Xinhao Photoelectricity Technology Co.Ltd(301051) company, disclosing matters related to sustainable operation (if applicable), and applying the assumption of sustainable operation, unless the management plans to liquidate Shenzhen Xinhao Photoelectricity Technology Co.Ltd(301051) company, terminate operation or have no other realistic choice.
The management is responsible for supervising the financial reporting process of Shenzhen Xinhao Photoelectricity Technology Co.Ltd(301051) company.
5、 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 the sustainable operation ability of Shenzhen Xinhao Photoelectricity Technology Co.Ltd(301051) company. If we conclude that there is significant uncertainty, the audit standards should
Address: floor 11, block a, Xincheng culture building, No. 11, Chongwenmenwai Street, Dongcheng District, Beijing
Tel: 01067085873 Fax: 01067084147 postal code: 100062
ZHONGXI CPAs（SPECIAL GENERAL PARTNERSHIP）
We are required 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 Shenzhen Xinhao Photoelectricity Technology Co.Ltd(301051) company to be unable to continue its business.
(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 entities or business activities in Shenzhen Xinhao Photoelectricity Technology Co.Ltd(301051) company to express an opinion on the financial statements. We are responsible for guiding, supervising and executing the group audit. We are fully responsible for the audit opinion.
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. Zhongxi Certified Public Accountants (special general partnership) Chinese certified public accountant:
(project partner)
Xie Cui
Chinese certified public accountant:
Shen Jianping
Beijing, China March 23, 2002
Address: floor 11, block a, Xincheng culture building, No. 11, Chongwenmenwai Street, Dongcheng District, Beijing
Tel: 01067085873 Fax: 01067084147 postal code: 100062
Consolidated balance sheet
Prepared by: Shenzhen Xinhao Photoelectricity Technology Co.Ltd(301051) amount unit: RMB
Project note VI 202112.31202012.31
Current assets:
Monetary capital 17353568757714992158321
Trading financial assets
