Emtek (Shenzhen) Co.Ltd(300938) audit report and financial statements 2012 xksbz [2022] No. ze10056
Emtek (Shenzhen) Co.Ltd(300938)
Audit report and financial statements
(from January 1, 2021 to December 31, 2021)
Table of contents page
1、 Audit report 1-5 II. Financial statements
Consolidated balance sheet and parent company balance sheet 1-4 consolidated income statement and parent company income statement 5-6 consolidated cash flow statement and parent company cash flow statement 7-8 consolidated statement of changes in owner's equity and parent company statement of changes in owner's equity 9-12 notes to financial statements 1-100
audit report
Xin Hui Shi Bao Zi [2022] No. ze10056 Emtek (Shenzhen) Co.Ltd(300938) all shareholders:
1、 Audit opinion
We have audited the financial statements of Emtek (Shenzhen) Co.Ltd(300938) (hereinafter referred to as Emtek (Shenzhen) Co.Ltd(300938) ), 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 owner's 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 Emtek (Shenzhen) Co.Ltd(300938) the consolidated and parent company as of December 31, 2021 and the operating results and cash flow of the consolidated and parent 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. According to the code of professional ethics for Chinese certified public accountants, we are independent of Emtek (Shenzhen) Co.Ltd(300938) , 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.
The key audit matters identified in our audit are summarized as follows:
Key audit matters how to deal with them in the audit
(I) recoverability of accounts receivable
Refer to "III. our accounting policies and accounting estimates for the recoverability of accounts receivable" in the notes to the financial statements. The audit procedures implemented by the accounting mainly include: Policy (x) and "v. (IV) accounts receivable 1. Understand the aging of accounts receivable of the management" Emtek (Shenzhen) Co.Ltd(300938) December 31, 2021 analyze and determine the balance of accounts receivable 16390818522 on the bad debt reserve date of accounts receivable for relevant internal control; The bad debt provision is 1529991878 yuan. 2. The book value of accounts receivable reviewed by the management is 14860826644 yuan. The relevant consideration and objective evidence of impairment test accounted for 11.16% of the total assets. Due to the fact that the management pays attention to whether the existence and recoverability of the accounts receivable have been fully identified, and the impairment of the items has occurred; The company's financial statements have a significant impact, and accounts receivable. 3. The evaluation of bad debt provision for accounts receivable with separate bad debt provision involves the management's selection of samples of accounts receivable and review of the management's major judgment on the. Therefore, we recognize the expected future cash flow of accounts receivable as a key audit matter. The basis and rationality of the estimation;
4. For the accounts receivable whose bad debt reserves are withdrawn by the management according to the combination of credit risk characteristics, evaluate whether the withdrawal proportion of bad debt reserves determined by the management is reasonable;
5. Implement the confirmation procedure and check the confirmation results with the amount recorded by the management;
6. Evaluate the rationality of the management's provision for bad debt reserves in combination with the inspection of the payment collection after the period.
(II) for revenue recognition, please refer to "III. audit accounting policies and accounting estimates implemented by us for revenue recognition (XXVI)" in the notes to the financial statements. The procedures mainly include: the accounting policies and notes "v. (xxx 1. Understand the internal (I) operating revenue and operating costs related to revenue recognition". Information testing control system;
The standard revenue in 2021 is 3947048002. Select samples to check sales contracts and identify yuan, which mainly comes from testing revenue. Since the combined income related to the transfer of service control is the key performance index of Emtek (Shenzhen) Co.Ltd(300938) the same terms and conditions, one of the evaluation of income recognition is whether the recognition point of main business income meets the requirements of accounting standards for business enterprises
The measurement standard has a great impact on the operating results, and there is no demand; In order to achieve a specific goal or period, 3. Analyze the inherent risk of the management manipulating the revenue recognition time point in combination with the product type and gross expectation, and judge the current period's revenue insurance. Based on this, we will determine whether there is abnormal fluctuation in the amount of main business revenue; Confirm and identify as key audit matters.
4. Select samples of revenue transactions recorded in this year, check invoices, sales contracts and customer email confirmation, and evaluate whether relevant revenue recognition meets the accounting requirements of the company's revenue recognition
Policy;
5. For the revenue transactions recorded before and after the balance sheet date, select samples and check the quotation, test report, customer confirmation email and other supporting documents to evaluate whether the revenue is recorded in the appropriate accounting period.
4、 Other information
Emtek (Shenzhen) Co.Ltd(300938) Management (hereinafter referred to as management) is responsible for other information. Other information includes the information covered in Emtek (Shenzhen) Co.Ltd(300938) 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 the going concern ability of Emtek (Shenzhen) Co.Ltd(300938) the company, disclosing the matters related to going concern (if applicable), and applying the going concern assumption, 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 Emtek (Shenzhen) Co.Ltd(300938) .
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:
(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 in order to design appropriate audit procedures, but the purpose is not to express opinions on the effectiveness of internal control.
(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 Emtek (Shenzhen) Co.Ltd(300938) 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 Emtek (Shenzhen) Co.Ltd(300938) unable to continue its business.
(V) evaluate the overall presentation (including disclosure), structure and content 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 Emtek (Shenzhen) Co.Ltd(300938) to express audit opinions on the consolidated 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 (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. Lixin Certified Public Accountants (special general partnership) Chinese certified public accountant: Qi Tao
(project partner)
Shanghai, China Certified Public Accountant: Huang Jin
March 30, 2022
Emtek (Shenzhen) Co.Ltd(300938)
Consolidated balance sheet
December 31, 2021
(unless otherwise specified, the monetary unit is RMB)
Notes to assets closing balance closing balance of last year
Current assets:
Monetary capital V (I) 40795085765
