Hanwang Technology Co.Ltd(002362)
Year 2021
audit report
Index page number
Audit report financial report of the company
- consolidated balance sheet 1-2
- balance sheet of parent company 3-4
- consolidated income statement 5
- income statement of the parent company 6
- consolidated cash flow statement 7
- cash flow statement of the parent company 8
- Consolidated Statement of changes in shareholders' equity 9-10
- statement of changes in shareholders' equity of the parent company 11-12
- Notes to financial statements 13-95
audit report
Xyzh / 2022bjaa80116 Hanwang Technology Co.Ltd(002362) all shareholders:
1、 Audit opinion
We have audited the financial statements of Hanwang Technology Co.Ltd(002362) (hereinafter referred to as Hanwang Technology Co.Ltd(002362) ), 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 relevant financial statements in 2021.
In our opinion, the attached financial statements are prepared in accordance with the accounting standards for business enterprises in all material aspects, and fairly reflect the financial position of Hanwang Technology Co.Ltd(002362) 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 Hanwang Technology Co.Ltd(002362) , 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.
1. Revenue recognition
Countermeasures in key audit matters
Refer to note VI, 32 of the financial statements for the main income and operating costs of the key audit matters of revenue recognition. The procedures to be audited include:
Hanwang Technology Co.Ltd(002362) the operating revenue in 2021 is 1613261200 yuan, which is 3.74% higher than that in 2020. Since revenue is an important key of Hanwang Technology Co.Ltd(002362) company, whether the design and operation of internal control are effective;
As one of the financial indicators, there is an inherent risk that the management manipulates the revenue recognition in order to 2) implement the analytical process for the revenue and related financial indicators to achieve specific goals or expectations. Therefore, we will sequence the revenue recognition;
Not for key audit matters. 3) Select samples to check sales contracts, identify contract terms related to the transfer of risks and rewards on commodity ownership, and evaluate whether the time point of revenue recognition of the company meets the requirements of accounting standards for business enterprises;
4) Select samples of revenue transactions recorded in this year, check invoices, sales contracts, delivery orders and customer signing records. If sales are carried out through a third-party trading platform, check platform transaction records, shipping records, collection records, etc, Evaluate whether relevant revenue recognition complies with the company's accounting policies for revenue recognition;
5) Select samples of revenue transactions recorded before and after the balance sheet date, and check the delivery note, customer receipt records and other supporting documents to evaluate whether the revenue is recorded in the appropriate accounting period;
6) Select samples of revenue transactions recorded in this year and implement independent confirmation procedures to confirm the authenticity of revenue.
2. Provision for inventory falling price reserves
Countermeasures in key audit matters
Refer to note VI, 8 inventories to the financial statements.
As of December 31, 2021, the main audit procedures Hanwang Technology Co.Ltd(002362) implemented for the key audit matters of the provision for inventory falling price include:
The original book value of inventory is 5752677 million yuan. Inventory 1) understand the provision process of inventory falling price reserves of the management, the amount of assessed falling price reserves is 283036 million yuan, and the net book value of internal control related to inventory falling price reserves is 5469641 million yuan, accounting for the consolidated financial system;
24.95% of the total assets in the financial statements. 2) According to the historical receipt, delivery and inventory of inventory, the management of the company shall analyze and review the rationality of each item on the balance sheet date;
Compare the inventory cost with the net realizable value one by one. 3) implement the inventory supervision procedure, check the quantity and comparison of the inventory, calculate the status according to the difference between the cost and the net realizable value, observe whether there are signs of unsalable, deterioration, damage and so on, and withdraw the inventory falling price reserve. Inventories with net realizable value;
To determine, the management is required to estimate the selling price of the inventory. To 4) obtain and evaluate the management's costs and selling expenses that will occur when the inventory falling price reserves are completed, and estimate and calculate the amount of assumptions, parameters and relevant taxes based on the accrual method, relevant assumptions and parameters. Analyze the rationality of the calculation of inventory falling price reserves; In this process, the management needs to make major judgments. 5) obtain and review the inventory falling price reserves and estimates prepared by the management. Therefore, we will calculate the inventory falling price reserves;
Accruals are identified as key audit matters. 6) Check the presentation and disclosure of inventory falling price reserves in the financial report.
4、 Other information
Hanwang Technology Co.Ltd(002362) Management (hereinafter referred to as management) is responsible for other information. Other information includes the information covered in the annual report of Hanwang Technology Co.Ltd(002362) 2021, 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 evaluating the going concern ability of Hanwang Technology Co.Ltd(002362) and disclosing the matters related to going concern (if applicable), and applying the going concern assumption, unless the management plans to liquidate Hanwang Technology Co.Ltd(002362) , terminate the operation or has no other realistic choice.
The management is responsible for supervising the financial reporting process of Hanwang Technology Co.Ltd(002362) .
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 to design appropriate audit procedures.
(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 Hanwang Technology Co.Ltd(002362) 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 lead to the inability of Hanwang Technology Co.Ltd(002362) company 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 the entity or business activities in Hanwang Technology Co.Ltd(002362) 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 (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. ShineWing Certified Public Accountants (special general)
(2) Chinese Certified Public Accountants:
(project partner)
Chinese certified public accountant:
Beijing, China March 31, 2002
