Greatoo Intelligent Equipment Inc(002031)
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 13-119
Beijing Institute of Certified Public Accountants
Business report unified coding reporting system
Unified business reporting code: 11010136202219 Sai Microelectronics Inc(300456) 2
Report name: Audit Report
Report No.: xyzh / 2022gzaa30039
Name of audited (inspected) unit: Greatoo Intelligent Equipment Inc(002031)
Name of accounting firm: ShineWing Certified Public Accountants (special general partnership)
Business type: financial statement audit
Report opinion type: unqualified opinion
Report date: April 13, 2022
Filing date: April 12, 2022
He Chunhai (440100800007),
Signed by:
Wu Ruiling (4405 Tcl Technology Group Corporation(000100) 03)
(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
XYZH/2022GZAA30039
Greatoo Intelligent Equipment Inc(002031) all shareholders:
1、 Audit opinion
We have audited the financial statements of Greatoo Intelligent Equipment Inc(002031) (hereinafter referred to as Greatoo Intelligent Equipment Inc(002031) ), 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 have been prepared in accordance with the accounting standards for business enterprises in all material aspects and fairly reflect
Greatoo Intelligent Equipment Inc(002031) the financial situation of the merger and the parent company as of December 31, 2021 and the merger and the operating results of the parent company in 2021
Results and cash flow.
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 Greatoo Intelligent Equipment Inc(002031) , 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. Recognition of product sales revenue
Countermeasures in key audit matters
Our main audit procedures are as follows:
--Understand, evaluate and test the management's internal control system and procedures for the recognition of product sales revenue, and evaluate the effectiveness of the control system for whether product sales revenue is included in the appropriate accounting period.
Greatoo Intelligent Equipment Inc(002031) 2021 tire mould, hydraulic vulcanizer, Siasun Robot&Automation Co.Ltd(300024) and intelligent equipment -- combined with product types, implemented analytical procedures to analyze the income of various products and the sales income of precision machine tools as gross profit, and judge the rationality of the change of income and gross profit margin in this period. 1277386 million yuan-- Select a sample to check the sales contract, identify the contract terms and conditions related to the transfer of control over goods or services, and evaluate whether the revenue recognition time point meets the requirements of the accounting standards for business enterprises.
Greatoo Intelligent Equipment Inc(002031) product sales business model determines that the company needs to sign the receipt or pass the acceptance - carried out the detail test, reviewed the accounting verification certificate related to the product sales revenue, confirmed the product sales revenue, transferred the documents, and checked the major and relevant documents and records, including the sales contract and the time error of sales, which may lead to the circulation of revenue, orders, sales invoices, customer signing or acceptance certificates, bills of lading Inherent risk of misstatement. And discuss with the management to assess whether the management's confirmation of product sales revenue will have a significant impact on the operating results and whether there are signs of major bias and misstatement. Therefore, we regard the of product sales revenue -- the cut-off test of product sales revenue, and pay attention to the negative recognition of Greatoo Intelligent Equipment Inc(002031) assets, including whether it is included in the appropriate accounting period, the accuracy of product sales revenue before and after the balance sheet date, whether it is included in the appropriate accounting room and whether there is material misstatement as the key audit period. Count items.
--Implement the letter confirmation procedure for the sales volume, accounts receivable and goods issued by major customers, and check the authenticity and accuracy of the recognized income.
- check the actual performance of sales contracts or orders of major customers, and sample the sales collection of the current year.
2. Provision for bad debts of accounts receivable
Countermeasures in key audit matters
Our main audit procedures are as follows:
--Evaluate and test the internal control process of Greatoo Intelligent Equipment Inc(002031) accounts receivable how to use the expected credit loss model to withdraw bad debt reserves, and evaluate the key assumptions and the rationality of julunzhi data as of December 31, 2021;
The balance of accounts receivable is 4453005 million yuan, and the balance of bad debt provision is 769269 million yuan. After reviewing the calculation process of bad debt provision of Greatoo Intelligent Equipment Inc(002031) accounts receivable, the evaluation is 3683736 million yuan. The rationality of the expected credit loss rate used in the appraisal;
--Understand and evaluate the design and operation effectiveness of Greatoo Intelligent Equipment Inc(002031) credit policy and internal control related to accounts receivable management, and test the effectiveness of key control points;
2. Provision for bad debts of accounts receivable
Countermeasures in key audit matters
--We review the rationality of the bad debt provision policy for accounts receivable adopted by Greatoo Intelligent Equipment Inc(002031) in combination with the aging, customer credit and risk level of accounts receivable, including the basis for determining the risk portfolio and the judgment of separate provision for bad debts due to the above accounts receivable, if the provision for accounts receivable cannot be collected on schedule; Bad debts due to recovery or uncollectibility have a significant impact on the financial statements; Moreover, the provision for bad debts of accounts receivable -- implement the procedures of letter of confirmation of accounts receivable and post period collection inspection, and the provision of evaluation involves major judgment and estimation of the management, due to the adequacy of the provision for bad debts of accounts receivable; Here, we calculate the provision for bad debts of accounts receivable -- we discuss the recovery of accounts receivable and possible key audit matters with the management. Recovery risk;
--Review the disclosure related to bad debt provision of accounts receivable in the financial statements and notes.
4、 Other information
Greatoo Intelligent Equipment Inc(002031) Management (hereinafter referred to as management) is responsible for other information. Other information includes the information covered in the annual report of Greatoo Intelligent Equipment Inc(002031) 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 Greatoo Intelligent Equipment Inc(002031) and disclosing the matters related to going concern (if applicable), and applying the going concern assumption, unless the management plans to liquidate Greatoo Intelligent Equipment Inc(002031) , terminate the operation or has no other realistic choice.
The management is responsible for supervising the financial reporting process of Greatoo Intelligent Equipment Inc(002031) .
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 audit opinions
