Changshu Tianyin Electromechanical Co.Ltd(300342)
Consolidated and parent company financial statements in 2021
Audit report
Zhongxinghua Certified Public Accountants (special general partnership)
Zhongxinghua certified public accounts LLP address: 20 / F, tower sohob, Lize, No. 20, Lize Road, Fengtai District, Beijing zip code: 100037 Tel: (010) 51423818 Fax: (010) 51423816
catalogue
1、 Audit report II. Attachment of audit report
1. Consolidated balance sheet
2. Consolidated income statement
3. Consolidated cash flow statement
4. Consolidated statement of changes in shareholders' equity
5. Balance sheet of parent company
6. Income statement of parent company
7. Cash flow statement of parent company
8. Statement of changes in shareholders' equity of the parent company
9. Note III to the financial statements and Annex 1 to the audit report Copy of business license of zhongxinghua Certified Public Accountants (special general partnership) 2 Copy of practicing certificate of zhongxinghua Certified Public Accountants (special general partnership) 3 Copy of securities and futures related business license of zhongxinghua Certified Public Accountants (special general partnership) 4 Copy of certified public accountant's practice certificate
Zhongxinghua Certified Public Accountants (special general partnership)
Zhongxinghua Certified Public Accountants (special general partnership)
Z H O N G X I N G H U A C E R T I F I E D P U B L I C A C C O U N T A N T S L L P
Address (a d d d): 20 / F, block B, Lize s o H O, No. 20, Lize Road, Fengtai District, Beijing
20/F,Tower B,Lize SOHO, 20 Lize Road,Fengtai District,Beijing PR China
Tel (t e l): 0 1 0 - 5 1 4 2 3 8 1 8 fax (f a x): 0 1 0 - 5 1 4 2 3 8 1 6
Audit report
Zths Zi (2022) No. 020386
Changshu Tianyin Electromechanical Co.Ltd(300342) all shareholders:
1、 Audit opinion
We have audited the financial statements of Changshu Tianyin Electromechanical Co.Ltd(300342) (hereinafter referred to as " Changshu Tianyin Electromechanical Co.Ltd(300342) company")
The balance sheet includes the consolidated and parent company's balance sheet as of December 31, 2021, and the consolidated and parent company's balance sheet in 2021
The 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 our opinion, the attached financial statements are prepared in accordance with the provisions of the accounting standards for business enterprises in all material aspects
It reflects the financial situation of Changshu Tianyin Electromechanical Co.Ltd(300342) company on December 31, 2021 and the parent company and the year of 2021
Operating results and cash flows of the merger and the parent 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 Changshu Tianyin Electromechanical Co.Ltd(300342) 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
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 opinions. We will not express separate opinions on these matters. We confirm that the following matters are the key audit matters that need to be communicated in the audit report.
Revenue recognition
1. For the description of events, please refer to note 28 and notes of "important accounting policies and accounting estimates" in note IV to the 2021 financial statements of Changshu Tianyin Electromechanical Co.Ltd(300342) company
Zhongxinghua Certified Public Accountants (special general partnership)
Vi. note 41 to "notes to items of consolidated financial statements".
Changshu Tianyin Electromechanical Co.Ltd(300342) company mainly sells supporting products for refrigerator compressor and radar and Aisino Corporation(600271) chemical equipment. The operating revenue in 2021 was 1.039 billion yuan, an increase of 15.67% over 2020. As revenue is one of the important financial indicators, there is an inherent risk that the management manipulates the time point of revenue recognition in order to achieve specific goals or expectations. Therefore, we identify revenue recognition as a key audit matter.
2. Audit response
(1) Select samples to check sales contracts, interview with management, understand and identify contract terms and conditions related to contract performance obligations and customer control transfer, and evaluate whether the time point of revenue recognition meets the requirements of accounting standards for business enterprises;
(2) Understand and evaluate the design and operation effectiveness of key internal controls related to revenue recognition;
(3) Analyze the income and gross profit in combination with the product type, judge whether there is abnormal fluctuation in the amount of income in the current period, and compare it with the gross profit margin of the same industry;
(4) Inquire and confirm the balance of accounts receivable and transaction volume of important customers in the current period, and carry out alternative test on the samples without reply;
(5) For domestic sales revenue, select samples of revenue transactions recorded in this year, check sales contracts, delivery orders, invoices, customer signing orders and customer acceptance documents, especially for customers who have established connection with the customer ERP system, verify the authenticity and integrity of revenue recognition by querying the status of customer system orders, warehousing and Invoicing, and evaluate whether relevant revenue recognition complies with the accounting policies of the company for revenue recognition;
(6) For export revenue, select samples to check the customs declaration form, log in to the online service platform of the State Administration of foreign exchange, query the relevant data in Changshu Tianyin Electromechanical Co.Ltd(300342) and check with the book data;
(7) Select a sample of revenue transactions recorded before and after the balance sheet date and check the customer receipt and other supporting documents to evaluate whether the revenue is recorded in the appropriate accounting period.
1、 Other information
The management of Changshu Tianyin Electromechanical Co.Ltd(300342) company (hereinafter referred to as the management) is responsible for other information. Other information includes the information covered in the 2021 annual report of Changshu Tianyin Electromechanical Co.Ltd(300342) 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.
2、 Responsibilities of management and governance for financial statements
Zhongxinghua Certified Public Accountants (special general partnership)
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 sustainable operation ability of Changshu Tianyin Electromechanical Co.Ltd(300342) company, disclosing matters related to sustainable operation (if applicable), and applying the assumption of sustainable operation, unless the management plans to liquidate Changshu Tianyin Electromechanical Co.Ltd(300342) company, terminate operation or have no other realistic choice.
The management is responsible for supervising the financial reporting process of Changshu Tianyin Electromechanical Co.Ltd(300342) company.
3、 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 auditing in accordance with the auditing standards, we used professional judgment and maintained 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 the sustainable operation ability of Changshu Tianyin Electromechanical Co.Ltd(300342) company. 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 Changshu Tianyin Electromechanical Co.Ltd(300342) company to be unable to continue its business.
(V) evaluate the overall presentation, 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 for the financial information of entities or business activities in Changshu Tianyin Electromechanical Co.Ltd(300342) company to
Zhongxinghua Certified Public Accountants (special general partnership)
Comment on the financial statements. We are responsible for guiding, supervising and executing the group audit. We are fully responsible for the audit opinion. 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. Zhongxinghua Certified Public Accountants (special general partnership) Chinese certified public accountant: Pan Daliang
(project partner)
China Certified Public Accountant: Hua Ren
April 8, 2022
Consolidated balance sheet
December 31, 2021
Prepared by: Changshu Tianyin Electromechanical Co.Ltd(300342) amount unit: RMB
Project notes 2021 / 12 / 312021 / 1 2020 / 12 / 31
Current assets:
Monetary capital VI. 1198031123832055317453820553174538
Settlement provisions and lending funds
Trading financial assets VI. 220540 China Vanke Co.Ltd(000002) 054000000
Derivative financial assets
Notes receivable
