Company code: Kweichow Moutai Co.Ltd(600519) company abbreviation: Kweichow Moutai Co.Ltd(600519) Kweichow Moutai Co.Ltd(600519)
Internal control evaluation report in 2021
Kweichow Moutai Co.Ltd(600519) all shareholders:
According to the provisions of the basic norms of enterprise internal control and its supporting guidelines and other internal control supervision requirements (hereinafter referred to as the enterprise internal control standard system), combined with Kweichow Moutai Co.Ltd(600519) (hereinafter referred to as the company) internal control system and evaluation methods, on the basis of daily supervision and special supervision of internal control, We evaluated the effectiveness of the company's internal control on December 31, 2021 (the benchmark date of the 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
□ applicable √ not applicable
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 evaluation scope include: Kweichow Moutai Co.Ltd(600519) , Kweichow Moutai Co.Ltd(600519) Liquor Sales Co., Ltd., Kweichow Moutai Co.Ltd(600519) Maotai Liquor Marketing Co., Ltd., Kweichow Moutai Co.Ltd(600519) Group Finance Co., Ltd., Kweichow Moutai Co.Ltd(600519) liquor import and Export Co., Ltd., Guizhou laimao liquor industry Co., Ltd. and Beijing Friendship messenger Trading 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 99.90 in the company's consolidated financial statements
The total operating income of the units included in the evaluation scope accounts for 3.5% of the total operating income in the consolidated financial statement of the company The main operations and matters included in the scope of evaluation include:
Strategic management, corporate governance, human resource management, comprehensive management, financial management, development and innovation management, sales management, procurement management, production management, quality management, energy management, safety management, ecological and environmental protection management, occupational health and safety management, equipment management, engineering construction management, infrastructure management, raw and auxiliary material management, Qu material management, semi-finished product management, finished wine management, packaging material management Information system management, internal audit management, internal control and evaluation management.
4. High risk areas of focus mainly include:
Corporate governance, sales management, procurement management, production management, safety management, ecological and environmental protection management, information system management, raw and auxiliary materials management, engineering construction management, 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
nothing
（2） Basis of internal control evaluation and identification standard of internal control defects
The company organizes and carries out internal control evaluation in accordance with the enterprise internal control standard system, the guidelines for comprehensive risk management of central enterprises (SASAC), the company's system compilation, the enterprise internal control manual, the enterprise internal control evaluation manual, the quality management system, etc. 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 standard of internal control defects in 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
0.5% of potential operating income of operating income ≤ 0.2% of operating income ≤ potential misstatement ＜ potential misstatement of operating income ＜ 0.2% of operating income
0.5% of input
Total profit 5% of total potential profit ≤ 2% of total potential profit ≤ potential misstatement ＜ total profit misstatement ＜ total profit misstatement ＜ 2% of total profit
5% of
Owner's equity 0.5% of owner's equity 0.2% of owner's equity potential misstatement ＜ owner's potential misstatement ≤ potential misstatement ≤ potential misstatement ＜ 0.2% of all equity
0.5% of owner's equity
Total assets 0.5% of total potential assets ≤ 0.2% of total assets ≤ potential misstatement ＜ total assets misstatement potential misstatement ＜ 0.2% of total assets
0.5% of the amount
explain:
The defects of internal control over financial reporting are divided into major defects, important defects and general defects. The recognition standard adopted directly depends on the importance of potential misstatement of financial reporting due to the existence of internal control defects.
This degree of importance mainly depends on two factors: (1) whether the defect has a reasonable possibility that the company's internal control can not prevent or find and correct the potential misstatement of financial statements in time. (2) The amount of potential misstatement that may be caused by the defect alone or in combination with other defects. The quantitative standard for the identification of internal control defects in the company's financial report shall be determined according to the principle of the lower of the above indicators.
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
1. Major fraudulent acts of directors, supervisors and senior managers are found;
Major defects 2 Correction of published financial reports;
3. Material misstatement in the current financial report found by the certified public accountant but not identified by the company's internal control;
4. The supervision of the company's audit committee and internal audit on internal control is invalid;
5. Once found and reported to the management, the major defects of management have not been corrected within a reasonable period;
6. Penalties imposed by the regulatory authority due to accounting errors;
7. Other defects that may affect the correct judgment of report users.
1. Failure to select and apply accounting policies in accordance with generally accepted accounting standards;
Important defects 2 Failure to establish anti fraud procedures and control measures;
3. Major defects are not corrected within a reasonable period;
4. The internal control over the financial reporting process at the end of the period is invalid.
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
Economic loss of 50 million yuan ≤ potential loss of 20 million yuan ≤ potential loss of 20 million yuan potential loss of 50 million yuan
explain:
After considering the compensatory control measures and the actual deviation rate, based on the identification of internal control defects in the financial report, and taking the amount involved as the standard, it is formulated according to the absolute amount of direct property loss. 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 following signs usually indicate that there may be significant defects in the internal control of non-financial reporting: 1 Significant impact on production and operation (such as permanent damage to facilities, abandonment of major defects of production line and long-term shutdown of production);
2. Violation of national laws and regulations, such as environmental pollution; Causing serious pollution to the surrounding environment or requiring high recovery costs, or even unable to recover;
3. Causing the death of more than one employee or citizen;
4. Lack of collective decision-making procedures for "three important and one major" matters;
5. Unscientific decision-making procedures, such as mistakes in decision-making, resulting in unsuccessful M & A;
6. Managers in important positions or technicians in key positions have lost one after another;
7. Frequent negative news in the media; Negative news spreads all over the country, and the government or regulatory agencies conduct investigations to attract public attention, causing irreparable damage to the enterprise's reputation;
8. The results of internal control evaluation, especially major or important defects, have not been rectified; 9. Lack of system control or systematic failure of important business.
The following signs usually indicate that there may be important defects in the internal control of non-financial reporting: 1 Moderate impact on production and operation (such as shutdown caused by production failure);
Important defects 2 Negative news spreads in a certain area, causing medium damage to the enterprise's reputation;
3. Long term impact on the health of many employees or citizens;
4. Environmental pollution and damage are within the controllable range, without causing permanent environmental impact.
The following signs usually indicate that there may be general defects in non-financial reporting internal control: 1 General impact on production and operation (the production line cannot be produced temporarily, affecting the delivery of goods);
General defects 2 Negative news spreads within the company or locally, causing slight damage to the enterprise's reputation;
3. Long term impact on the health of an employee or citizen;
4. No pollution and no permanent environmental impact.
explain:
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
Whether the company has significant defects in internal control over financial reporting during the reporting period □ yes √ no 1.3 General defect
There are general control defects in the company's internal control process in daily operation. The internal control defects related to financial reporting are mainly reflected in the non-standard label management of some fixed assets; The warehousing and daily management of coal cinder is not standardized; The account books and records of some office supplies are incomplete. The above defects have been rectified immediately after being found, and the overall risk of the company is controllable, which has no material impact on the company's financial report. 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, whether the company has 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
