Year 2021
audit report
Index page number
Audit report financial statements 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 13-150
Beijing Institute of Certified Public Accountants
Business report unified coding reporting system
Unified code of business reporting: 110101362022871003574
Report name:
2021 annual audit report
Report No.: xyzh / 2022gzaa70028
Name of audited (inspected) unit: Venustech Group Inc(002439)
Name of accounting firm: ShineWing Certified Public Accountants (special general partnership)
Business type: financial statement audit
Report opinion type: unqualified opinion
Report date: April 6, 2022
Filing date: April 4, 2022
Deng Dengfeng (11 Xinjiang International Industry Co.Ltd(000159) 0240),
Signed by:
Liu Lihong (110101301101)
(information can be queried by scanning QR code or logging into the official website of Beijing injection Association)
Note: this filing information only proves that the report has been filed with the Beijing Institute of certified public accountants, and does not mean that the Beijing Institute of Certified Public Accountants makes any form of guarantee for the content of the report in any sense.
ShineWing certified public accountants, Chaoyang men North Street, Dongcheng District, Beijing Tel: + 86 (010) 65542288, 9 / F, block a, Fu Hua Manson,
ShineWing No.8, Chaoyangmen Beidajie, fax:
Dongcheng District, Beijing, +86(01065547190 certified public accountants 100027, P.R.China facsimile: +86(01065547190
audit report
XYZH2022GZAA70028
Venustech Group Inc(002439) all shareholders:
1、 Audit opinion
We have audited the financial statements of Venustech Group Inc(002439) (hereinafter referred to as Venustech Group Inc(002439) company),
Including the consolidated and parent company's balance sheet as of December 31, 2021, the consolidated and parent company's income statement in 2021
Consolidated and parent company cash flow statement, consolidated and parent company statement of changes in shareholders' equity, and notes to relevant financial statements.
In our opinion, the attached financial statements are prepared in accordance with the accounting standards for business enterprises in all material aspects and present fairly
The consolidated and parent company financial status of Venustech Group Inc(002439) company on December 31, 2021 and the consolidated and parent company in 2021
Operating results and cash flow of the company.
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 Venustech Group Inc(002439) 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
We believe that the audit matters are the most important ones for the current period. 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
For example, note IV (30) to the financial statements and the revenue recognition of Venustech Group Inc(002439) company, we mainly implement
As stated in note VI (40) to the financial statements, the audit procedure is started: the operating revenue of Xingchen company mainly comes from the network (1) to understand, evaluate and test the key internal factors related to sales revenue
Sales of network safety products, design and operation effectiveness of main business department control in 2021;
The business income is 438 Xinjiang Torch Gas Co.Ltd(603080) 0 yuan.
(2) By checking the sales contract and interviewing with the management, we found that whether the revenue recognition is appropriate has a great impact on the company's economic understanding and evaluation of whether the revenue recognition policy of Venustech Group Inc(002439) company conforms to the business results, and the revenue is stipulated in the accounting standards for business enterprises of Qiming; One of the key performance indicators of Xingchen company, because (3) we implement the analysis program for the changes of sales revenue and gross profit margin, including revenue recognition as a key audit matter, including the comparison with the company's history in the same period and the increase of revenue compared with companies in the same industry. Compare the gross profit margin with the gross profit margin and review the rationality of the income; (4) Sample test the sales revenue and check the corresponding sales contract, shipping certificate, completion acceptance certificate and other data; Check the consistency between the relevant terms in the sales contract and the revenue recognition principle;
(5) According to the characteristics of the transaction and the nature of the customer, select a sample letter to confirm the current sales volume and the balance of accounts receivable;
(6) Carry out sampling test on the sales revenue recognized before and after the balance sheet date, check the shipping certificate, completion acceptance certificate and other supporting documents, and evaluate whether the sales revenue is recognized in the appropriate accounting period; (7) Check whether there are significant sales returns after the balance sheet date.
2. Expected credit loss of accounts receivable
Countermeasures in key audit matters
As stated in note IV (XII) to the financial statements and in note VI (IV) to the financial statements for the expected credit loss risk of accounts receivable of Venustech Group Inc(002439) company, as of now, we have mainly implemented the following audit procedures:
On December 31, 2021, Venustech Group Inc(002439) receivables (1) understand, evaluate and test the net amount of closing accounts related to accounts receivable management of RMB 2984296300, accounting for the effectiveness of the design and operation of internal control of asset key; 33.39% of the total. Due to the balance of accounts receivable (2) review whether the management's classification of accounts receivable is significant according to the characteristics of credit risk and whether the evaluation group of accounts receivable bad debt reserves is appropriate, and the management's major judgment on accounts receivable with separate bad debt reserves. Therefore, we will select samples to obtain and review the basis and rationality of the management's estimation of the expected future recoverable amount and the expected credit loss of accounts receivable as the key review amount;
Count items. (3) Check the historical collection and bad debt data, and review whether the forward-looking information considered by the management in confirming the expected credit loss is reasonable; (4) Analyze the aging of accounts receivable and customer reputation, and implement the accounts receivable letter procedure and the collection after the inspection period;
(5) Obtain the credit impairment loss accrual table, check whether the accrual method is implemented in accordance with the bad debt policy, recalculate whether the bad debt accrual amount is accurate, and select samples to check the accuracy of the aging analysis table of accounts receivable prepared by the management;
(6) Discuss the recovery of overdue accounts receivable with the management, and comprehensively evaluate its credit risk and the recoverability of related accounts receivable in combination with the public information of the debtor and its historical settlement records obtained from the outside.
Venustech Group Inc(002439) the management of the company (hereinafter referred to as the management) is responsible for other information. Other information includes the information covered in the 2021 annual report of Venustech Group Inc(002439) company, 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 Venustech Group Inc(002439) company, disclosing matters related to going concern (if applicable), and applying the going concern assumption, unless the management plans to liquidate Venustech Group Inc(002439) company, terminate operation or have no other realistic choice.
The management is responsible for supervising the financial reporting process of Venustech Group Inc(002439) company.
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:
