Beijing Vrv Software Corporation Limited(300352) ZTE Cai Guang Hua Shen Hui Zi (2022) No. 211046
catalogue
audit report
Consolidated and company balance sheet 1-2
Consolidated and corporate income statement 3
Consolidated and company cash flow statement 4
Consolidated and statement of changes in shareholders' equity 5-8
Notes to financial statements 9-118
audit report
ZTE CGHs Zi (2022) No. 211046 Beijing Vrv Software Corporation Limited(300352) all shareholders: I. audit opinion
We have audited the financial statements of Beijing Vrv Software Corporation Limited(300352) (hereinafter referred to as Beijing Vrv Software Corporation Limited(300352) company), including the consolidated and company's balance sheet as of December 31, 2021, the consolidated and company's income statement, consolidated and company's cash flow statement, consolidated and company's statement of changes in shareholders' equity and notes to 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 consolidated and financial position of Beijing Vrv Software Corporation Limited(300352) company as of December 31, 2021 and the consolidated and operating results and cash flow of the 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. In accordance with the code of professional ethics for Chinese certified public accountants, we are independent of Beijing Vrv Software Corporation Limited(300352) 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 audit 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. (I) revenue recognition
See note v-38 to the financial statements for relevant information disclosure
The operating revenue of Beijing Vrv Software Corporation Limited(300352) company mainly comes from software products, technical services and system integration. The operating revenue recognized by Beijing Vrv Software Corporation Limited(300352) company in 2021 was 67515395098 yuan, an increase of 5.36% over 2020. As revenue is one of the key performance indicators of Beijing Vrv Software Corporation Limited(300352) company, there is an inherent risk that the management of Beijing Vrv Software Corporation Limited(300352) company (hereinafter referred to as "management") manipulates revenue in order to achieve specific goals or expectations. Therefore, we recognize revenue recognition as a key audit matter. Therefore, we identified it as a key audit matter. 2. Audit response
Our main audit procedures for the above key audit matters related to revenue are as follows: (1) we understood and evaluated the effectiveness of the management of Beijing Vrv Software Corporation Limited(300352) company in the design of internal control system in the revenue recognition process, and tested the operation of key controls; (2) Through reviewing the sales contract and interviewing with the management, understand the revenue recognition policies of software sales, technical services, system integration and other businesses, the identification and recognition basis of individual performance obligations, check the relevant documents of revenue recognition, and evaluate whether the revenue recognition accounting policies meet the requirements of the accounting standards for business enterprises in combination with the specific business conditions of Beijing Vrv Software Corporation Limited(300352) company; (3) Implement the analysis procedure to analyze whether the changes in operating revenue and operating cost are reasonable, whether there are significant fluctuations compared with the previous period, and whether the changes in gross profit margin are in line with the industry trend; (4) Select important contracts, check the remaining contracts by stratified sampling, check and check the relevant acceptance documents, collection vouchers, invoices and other supporting documents, as well as the relevant approval and confirmation procedures, and confirm that the recorded sales revenue meets the specific conditions for revenue recognition of Beijing Vrv Software Corporation Limited(300352) company; (5) According to the nature and characteristics of the transaction, the confirmation procedure is implemented for the sample of sales revenue amount in 2021, and the alternative audit procedure is implemented for the customers who do not reply; (6) Select large trading customers for on-site visits or video interviews; (7) Obtain the list of related parties provided by the company, check the industrial and commercial information of the company's customers with large sales and large new customers, so as to evaluate whether there are unidentified potential related party relationships and transactions, and sample the sales samples of related parties to evaluate the authenticity of related party transactions and the fairness of prices; (8) Check whether the transaction record is correct after the closing date of the balance sheet;
The authenticity of the sale. (II) expected credit loss of receivables 1. Description of events
See note v-47 to the financial statements for relevant information disclosure
Beijing Vrv Software Corporation Limited(300352) company accrued 48282548920 yuan of credit impairment loss in 2021, an increase of 386.28% over 2020. Because the judgment of expected credit loss involves the judgment of the management, and the estimation and assumption of the management are uncertain. Therefore, we identified it as a key audit matter. 2. The audit should (1) understand the company's key internal control systems related to the accrual of expected credit losses of receivables, evaluate the rationality of the design of these controls, determine whether they have been effectively implemented, and determine their effectiveness in the implementation stage through audit procedures such as walk through test. (2) For the management's method of measuring expected credit loss, we plan to adopt the following procedures: ① evaluate the rationality of the management's method of measuring expected credit loss; ② Reviewed the management's calculation model of expected credit loss of accounts receivable; ③ The basis for withdrawing the amount of credit loss of some individual items is reviewed by sampling, including the evaluation of credit risk made by the management in combination with customer operation, market conditions and other information. (3) Obtain relevant data related to the confirmed amount of bad debt provision for accounts receivable, and review the detailed statement and its calculation basis to determine the rationality of the confirmation of the amount of accounts receivable. (4) Select the accounts receivable balance with large sample, implement the letter confirmation procedure, and check the letter confirmation results with the amount recorded by the company to identify whether there are circumstances affecting the evaluation results of bad debt reserves of accounts receivable of the company. (5) Select some customers to evaluate the management's judgment on the measurement method of expected credit loss in the early stage according to their subsequent payment collection on the balance sheet date. (6) Review whether the information related to bad debt provision of accounts receivable has been properly presented and disclosed in the financial statements.
4、 Other information
The management of Beijing Vrv Software Corporation Limited(300352) company (hereinafter referred to as the management) is responsible for other information. Other information includes the information covered in the 2021 annual report of Beijing Vrv Software Corporation Limited(300352) 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.
It seems that we are responsible for reading the financial statements in combination with other information, or whether there is a material error in the process of our audit.
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 sustainable operation ability of Beijing Vrv Software Corporation Limited(300352) company, disclosing matters related to sustainable operation (if applicable), and applying the assumption of sustainable operation, unless the management plans to liquidate Beijing Vrv Software Corporation Limited(300352) company, terminate operation or have no other realistic choice.
The management is responsible for supervising the financial reporting process of Beijing Vrv Software Corporation Limited(300352) 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 have also performed the following work: (1) identify and assess the risks of material misstatement of the 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 the sustainable operation ability of Beijing Vrv Software Corporation Limited(300352) 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 Beijing Vrv Software Corporation Limited(300352) company to be unable 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 entities or business activities in Beijing Vrv Software Corporation Limited(300352) company 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 statements to the management on compliance with the professional ethics requirements related to independence, and communicate with the management on all relationships and other matters that may reasonably be considered to affect our independence, as well as relevant preventive measures. 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.
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Zhongxing caiguanghua certified public accountants China Certified Public Accountant: Yin panlin
(special general partnership) (project partner)
Chinese certified public accountant: Wang Yi
Beijing, China April 13, 2022
Balance sheet
Prepared by: Beijing Vrv Software Corporation Limited(300352) unit: RMB
Project notes December 31, 2021 December 31, 2020
Consolidated company
Current assets:
Monetary capital v. 1567572429623673948 Jiangsu Suzhou Rural Commercial Bank Co.Ltd(603323) 637872715419582195 trading financial assets v. 23282673846164890 Ping An Bank Co.Ltd(000001) 45072328774007232877 derivative financial assets
Notes receivable v. 3616425738520927797695553815559531310 accounts receivable v. 4632049355966478504 Skyworth Digital Co.Ltd(000810) 7637139265107417502555 accounts receivable financing
Prepayments v. 5102606988892250053253104951606322172798924 other receivables v. 631342494383532999404925849913303427 Lier Chemical Co.Ltd(002258) 8 including: interest receivable and Dividend Receivable
Inventory v. 7624919165801282685649229497085599 56,
