Company code: Angel Yeast Co.Ltd(600298) company abbreviation: Angel Yeast Co.Ltd(600298)
Internal control evaluation report in 2021
Angel Yeast Co.Ltd(600298) all shareholders:
In accordance with the provisions of the basic norms of enterprise internal control and its supporting guidelines and other internal control regulatory requirements (hereinafter referred to as the enterprise internal control normative system), combined with the company's (hereinafter referred to as the company's) internal control system and evaluation methods, and on the basis of daily and special supervision of internal control, we evaluated the effectiveness of the company's internal control on December 31, 2021 (the benchmark date of internal control evaluation report). I Important statement
It is the responsibility of the board of directors of the company to establish, improve and effectively implement internal control, evaluate its effectiveness and truthfully disclose the internal control evaluation report in accordance with the provisions of the enterprise's internal control standard system. The board of supervisors shall supervise the establishment and implementation of internal control by the board of directors. The management is responsible for organizing and leading the daily operation of the enterprise's internal control. The board of directors, the board of supervisors and the directors, supervisors and senior managers of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this report, and bear individual and joint legal liabilities for the authenticity, accuracy and completeness of the contents of the report.
The objective of the company's internal control is to reasonably ensure the legal compliance of operation and management, asset safety, authenticity and integrity of financial reports and relevant information, improve operation efficiency and effect, and promote the realization of development strategy. Due to the inherent limitations of internal control, it can only provide reasonable assurance for the realization of the above objectives. In addition, as changes in circumstances may lead to inappropriate internal control or reduced compliance with control policies and procedures, there is a certain risk to speculate the effectiveness of internal control in the future according to the internal control evaluation results. II Internal control evaluation conclusion 1 On the benchmark date of the internal control evaluation report, does the company have any major defects in the internal control of financial reporting
□ yes √ no
2. Evaluation conclusion of internal control over financial reporting
√ valid □ invalid
According to the identification of major defects in the company's internal control over financial reporting, there are no major defects in the internal control over financial reporting on the benchmark date of the internal control evaluation report. The board of Directors believes that the company has maintained effective internal control over financial reporting in all major aspects in accordance with the requirements of the enterprise's internal control standard system and relevant regulations. 3. Whether major defects in internal control over non-financial reporting are found
□ yes √ no
According to the identification of major defects in the company's internal control over non-financial reports, the company found no major defects in the company's internal control over non-financial reports on the benchmark date of the internal control evaluation report. 4. Factors affecting the evaluation conclusion of internal control effectiveness from the base date of internal control evaluation report to the date of issuance of internal control evaluation report
There are no factors affecting the evaluation conclusion of the effectiveness of internal control from the base date of the internal control evaluation report to the date of issuance of the internal control evaluation report. 5. Whether the internal control audit opinion is consistent with the company's evaluation conclusion on the effectiveness of internal control over financial reporting
√ yes □ No 6 Whether the disclosure of major defects in internal control of non-financial reports in the internal control audit report is consistent with the disclosure of the company's internal control evaluation report √ yes □ no III Internal control evaluation (I) Scope of internal control evaluation
According to the risk oriented principle, the company determines the main units, businesses and matters included in the evaluation scope and high-risk areas. 1. The main units included in the scope of the assessment include: corporate headquarters and joint ventures, and holding subsidiaries (including Angel Yeast Co.Ltd(600298) (Dehong) Co., Ltd Angel Yeast Co.Ltd(600298) (Egypt) Co., Ltd. Angel Yeast Co.Ltd(600298) (Hong Kong) Co., Ltd., Hubei Hongyu new packaging material Co., Ltd., Yichang Xiwang Food Co., Ltd. Angel Yeast Co.Ltd(600298) (Shanghai) Co., Ltd., angel e-commerce (Yichang) Co., Ltd., angel financial leasing (Shanghai) Co., Ltd. Angel Yeast Co.Ltd(600298) (Russia) Co., Ltd. Angel Yeast Co.Ltd(600298) (Yichang) Co., Ltd., angel Pu'er company Angel Yeast Co.Ltd(600298) (Jining) Co., Ltd. Angel Yeast Co.Ltd(600298) (Hubei Free Trade Zone) Co., Ltd. Angel Yeast Co.Ltd(600298) (Singapore) Co., Ltd. and angel enzyme preparation (Yichang) Co., Ltd. 2. Proportion of units included in the scope of evaluation:
Proportion of indicators (%)
The ratio of the total assets of the units included in the evaluation scope to the total assets of the company's consolidated financial statements 100
The total operating income of the units included in the evaluation scope accounts for 100% of the total operating income in the company's consolidated financial statements
3. The main operations and matters included in the scope of evaluation include:
Related to financial reports: capital activities, procurement business, engineering projects, asset management, sales business, related party transactions, contract management, financial reports, etc; Related to non-financial reports: development strategy, organizational structure, research and development, information system, human resources, corporate culture, information disclosure, internal supervision, social responsibility, etc. 4. High risk areas of focus mainly include:
External guarantee, capital activities, procurement business, engineering projects, safety management and profitability risk, etc. 5. The above units, businesses and matters included in the evaluation scope and high-risk areas cover the main aspects of the company's operation and management. Is there any major omission
□ yes √ No 6 Is there a statutory exemption
□ yes √ no
7. Other explanatory matters
None (II) Basis of internal control evaluation and identification standard of internal control defects
The company organizes and carries out internal control evaluation according to the enterprise internal control standard system and the company's internal control defect identification standard. 1. Whether the specific identification standard of internal control defects is adjusted with that of previous years
□ yes √ no
The board of directors of the company distinguished the internal control of financial report from the internal control of non-financial report according to the identification requirements for major defects, important defects and general defects of the enterprise internal control standard system, combined with the factors such as the company's size, industry characteristics, risk preference and risk tolerance, and studied and determined the specific identification standards of internal control defects applicable to the company, which are consistent with the previous years. 2. Identification criteria for defects in internal control over financial reporting
The quantitative criteria for the evaluation of internal control defects in financial reporting determined by the company are as follows:
Index name major defect quantitative standard important defect quantitative standard general defect quantitative standard
Potential misstatement of total assets ≥ 1% of total assets, 0.5% of total assets ≤ misstatement ＜ asset misstatement ＜ 1% of total assets, 0.5%
Potential misstatement of operating revenue ≥ 1% of total operating revenue, 0.5% of total operating revenue ≤ misstatement total operating revenue 1% of total operating revenue, 0.5%
Potential misstatement of owner's equity ≥ 1% of the total owner's equity, 0.5% of the total owner's equity ≤ misstatement owner's equity 1% of the total owner's equity, 0.5% of the total
Note: the financial index values referred to in the quantitative standard are the audited consolidated statement data of the company in the previous year.
The qualitative criteria for the evaluation of internal control defects in financial reporting determined by the company are as follows:
Qualitative standard of defect nature
A certified public accountant discovers fraud by directors, supervisors and senior managers; The company corrects the major defects and errors in the published financial report. The certified public accountant finds that there is a material misstatement in the current financial report, but the internal control fails to find the misstatement in the operation process; The supervision of the board of directors, its audit committee and the audit department on the internal control of financial reporting is invalid.
Failure to select and apply accounting policies in accordance with accounting standards; Failure to establish anti fraud procedures and control measures; No corresponding control mechanism has been established or implemented for the accounting treatment of unconventional important defects or special transactions, and there is no corresponding compensatory control; There are one or more defects in the control of the financial reporting process at the end of the period, and it can not reasonably ensure that the prepared financial statements achieve the goal of authenticity and accuracy.
General defects are other control defects other than the above major defects and important defects
Note: none 3 Identification standard of internal control defects in non-financial reporting
The quantitative criteria for the evaluation of internal control defects in non-financial reporting determined by the company are as follows:
Index name major defect quantitative standard important defect quantitative standard general defect quantitative standard
Direct property loss amount: loss ≥ 0.2% of total assets, 0.1% of total assets ≤ loss ＜ loss ＜ 0.1% of total assets, 0.2% of total assets
Note: the financial index values referred to in the quantitative standard are the audited consolidated statement data of the company in the previous year.
The qualitative criteria for the evaluation of internal control defects in non-financial reporting determined by the company are as follows:
Qualitative standard of defect nature
The company lacks democratic decision-making procedures; Violation of national laws and regulations; Failure to comply with procedures and authorization, resulting in major losses and major defects; Serious loss of middle and senior managers and senior technicians of the company; Negative news frequently appears in the media, involving a wide range, and the negative impact has not been eliminated; The company's important business lacks system control or the system fails; Major defects in the company's internal control have not been rectified;
General mistakes caused by the company's decision-making procedures; Failing to follow the procedures and authorization, resulting in great losses; Serious loss of business personnel in key positions of the company; Negative news in the media, involving local areas; There are defects in the company's important business system or system; Important management accounts are not established, and important materials are not effectively filed for future reference;
Failure to comply with procedures and authorization, resulting in minor losses or no substantial losses; Serious loss of business personnel in general posts of the company; Negative news appears in the media, but the impact is small; Defects in the company's general business system or system; General defects of the company have not been rectified.
Note: none (III) Identification and rectification of internal control defects 1 Identification and rectification of internal control defects in financial reporting 1.1 Major defects
Whether the company has major defects in internal control over financial reporting during the reporting period □ yes √ no 1.2 Important defects
Whether the company has any significant defects in internal control over financial reporting during the reporting period
□ yes √ no 1.3 General defect
None 1.4 After the above rectification, on the benchmark date of the internal control evaluation report, does the company have any major defects in the internal control of financial reporting that have not been rectified
□ yes √ no 1.5 After the above rectification, on the benchmark date of the internal control evaluation report, does the company have any important defects in the internal control of financial reporting that have not been rectified
□ yes √ No 2 Identification and rectification of internal control defects in non-financial reporting 2.1 Major defects
Whether the company found any major defects in internal control over non-financial reporting during the reporting period
□ yes √ no
2.2. Important defects
Whether the company found any significant defects in internal control over non-financial reporting during the reporting period
□ yes √ no
2.3. General defect
None 2.4 After the above rectification, on the benchmark date of the internal control evaluation report, does the company find any major defects in non-financial reporting internal control that have not been rectified
□ yes √ no 2.5 After the above rectification, on the benchmark date of the internal control evaluation report, does the company find any important defects in the internal control of non-financial reporting that have not been rectified
□ yes √ no IV Description of other major matters related to internal control 1 Rectification of internal control defects in the previous year
□ applicable √ not applicable 2 Operation of internal control in this year and improvement direction in the next year
√ applicable □ not applicable
During the reporting period, the company studied and formulated a set of standardized, scientific and standardized internal control and risk management system in strict accordance with the requirements of China Securities Regulatory Commission, Shanghai Stock Exchange, company law, articles of association and other laws and regulations, combined with industry characteristics and enterprise operation reality, and established a risk control department to be responsible for internal control and risk management, compliance and legal management and accountability management. By determining risk management objectives, clarifying the scope and content of risk management, determining the company's risk management strategy and risk management culture, identifying major and important risks at the company level, and formulating corresponding risk management strategies, the management can effectively deal with uncertainty and the resulting risks and opportunities, so as to improve the company's ability to create value and enhance the company's risk prevention ability, so as to provide sustainable, healthy Provide reasonable guarantee for scientific development.
During the reporting period, the company's audit department conducted daily supervision on the company's monetary capital, financial statement information, procurement, sales, engineering and other businesses
