Loctek Ergonomic Technology Corp(300729)
Year of 2021
audit report
Lixin Certified Public Accountants (special general partnership)
Loctek Ergonomic Technology Corp(300729)
audit report
(from January 1, 2021 to December 31, 2021)
Table of contents page
1、 Audit report 1-4 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 1-118
Audit report
Xin Hui Shi Bao Zi [2022] No. zf10262 Loctek Ergonomic Technology Corp(300729) all shareholders:
1、 Audit opinion
We have audited the financial statements of Loctek Ergonomic Technology Corp(300729) (hereinafter referred to as Loctek Ergonomic Technology Corp(300729) ), 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 accounting standards for business enterprises in all material aspects, and fairly reflect the financial position of Loctek Ergonomic Technology Corp(300729) 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 Loctek Ergonomic Technology Corp(300729) , 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) revenue recognition
Details of accounting policies for revenue recognition and audit procedures related to the evaluation of revenue recognition include the following procedures:
Please refer to note 1 of the consolidated financial statements for the analysis of income. Understand and evaluate the design of key internal control related to revenue recognition and the operation effectiveness of "III. important accounting policies and accounting estimates";
Explain the accounting policies and 2. Select samples to check the sales contracts, identify the terms and conditions of the notes to "v. notes to consolidated financial statements" of the contracts related to the transfer of commodity control, and evaluate whether the time point of revenue recognition meets the requirements of the accounting standards for business enterprises;
（39） B. 3. Analyze the income and gross profit in combination with the product type to judge whether there is abnormal fluctuation in the amount of income in the current period;
In 2021, the company confirmed the main business 4. Check the income according to the business model, including: obtain the background transaction data of the platform for the income of online platforms such as tmall and JD direct, which is RMB 283925190976, such as stores, Amazon and eBay. Check with the book records according to the sales contract between the company and its customers; For jd.com and other online consignment customers, obtain the monthly confirmation, obtain the relevant commodity control bill at the customer for the sale of goods, and check with the book records; For off-line export customers, revenue is recognized when trading with customers. The formula is mainly FOB, which rechecks the book revenue, checks whether the revenue amount is consistent with the order, checks whether the bill of lading date belongs to the current accounting period, checks the customer's collection amount and collection, because the revenue is the key performance of the company, refers to whether the opposite unit is consistent, and checks the book export revenue and the customs letter records; In order to confirm whether there is an accurate record of the book amount of the invoice and the internal standard receipt for the customer, so as to check whether there is an accurate record of the invoice or the internal standard receipt for the customer; In view of the inherent risks of logistics services, we recognized the company's revenue, recognized the transaction details of logistics services, checked with the book records, and obtained the bill amount of logistics services as key audit matters. Check with the book records, check whether the amount of revenue is consistent with the service details, check the carrier's background signing records to confirm the authenticity of revenue, and check whether the signing date belongs to the current accounting period; For warehousing and additional services, obtain the transaction details of warehousing and additional services, check with the book records, obtain the transaction bill amount of warehousing and additional services, check with the book records, check whether the income amount is consistent with the service details, check the orders and warehousing records, and confirm the authenticity of the income, Check whether the date of warehousing and additional services belongs to the current accounting period.
5. For the revenue transactions recorded before and after the balance sheet date, select samples and check the delivery order and other supporting documents to evaluate whether the revenue is recorded in the appropriate accounting period.
4、 Other information
Loctek Ergonomic Technology Corp(300729) Management (hereinafter referred to as management) is responsible for other information. Other information includes the information covered in Loctek Ergonomic Technology Corp(300729) 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 Loctek Ergonomic Technology Corp(300729) 's ability to continue as a going concern, disclosing matters related to going concern (if applicable), and applying the assumption of going concern, 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 Loctek Ergonomic Technology Corp(300729) .
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 Loctek Ergonomic Technology Corp(300729) 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 Loctek Ergonomic Technology Corp(300729) 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 Loctek Ergonomic Technology Corp(300729) 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.
Chinese certified public accountant of Lixin certified public accountants: Ling Yan (special general partnership) (project partner)
Chinese certified public accountant: Xu Zhenzhen Chinese certified public accountant: Yao Jiacheng Shanghai, China April 11, 2002
Loctek Ergonomic Technology Corp(300729)
Consolidated balance sheet
December 31, 2021
(unless otherwise specified, the monetary unit is RMB)
Note V closing balance of assets closing balance of last year
Current assets:
Monetary capital (I) 15053407095790528255182
Settlement provisions and lending funds
Trading financial assets (II) Enc Digital Technology Co.Ltd(603869) Fiyta Precision Technology Co.Ltd(000026) 55971661
Derivative financial assets
Notes receivable
