Guangdong Kitech New Material Holding Co.Ltd(300995)
Year 2021
audit report
Index page number
Audit report financial report 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 13-91
ShineWing certified public accountants Beijing Dongcheng District Chaoyang Gate North University Tel: + 86 (010) 65542288 Street telephone: + 86 (010) 65542288 Floor 9, building a, Fuhua building
9/F, Block A, Fu Hua Mansion,
ShineWing No.8, Chaoyangmen Beidajie, fax:
Dongcheng District, Beijing, +86(01065547190 certified public accountants 100027, P.R.China facsimile: +86(01065547190
audit report
XYZH/2022GZAA30035
Guangdong Kitech New Material Holding Co.Ltd(300995) all shareholders:
1、 Audit opinion
We have audited the financial statements of Guangdong Kitech New Material Holding Co.Ltd(300995) (hereinafter referred to as Guangdong Kitech New Material Holding Co.Ltd(300995) ), including 2021
Consolidated and parent company's balance sheet as of December 31, 2012, consolidated and parent company's profit statement and cash flow in 2021
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 financial situation of Guangdong Kitech New Material Holding Co.Ltd(300995) the merger and the parent company as of December 31, 2021 and the merger and the parent company in 2021
Operating 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. According to the code of professional ethics for Chinese certified public accountants, we are independent of Guangdong Kitech New Material Holding Co.Ltd(300995) , 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. Revenue recognition
Countermeasures in key audit matters
Guangdong Kitech New Material Holding Co.Ltd(300995) is mainly engaged in the following audit procedures: modified nylon (PA) and modified polypropylene (PP) - understand, evaluate and test the effectiveness of the design and implementation of the control system of Guangdong Kitech New Material Holding Co.Ltd(300995) management on revenue recognition; Research and development of its products and precision injection molds - analytical procedures are implemented in combination with product types and sales models to design, produce and sell all kinds of products. For example, by analyzing the income and gross profit of the attached financial products, note vi.31 of the financial statement to judge the changes of income and gross profit margin shows that Qide is new and rational, and has implemented the analysis procedure for the matching of income and cost, paying attention to the rationality of the operating income of production and sales materials in 2021;
319881700 yuan—— Combined with the industry characteristics, sales mode and product type, evaluate whether the revenue recognition is due to Guangdong Kitech New Material Holding Co.Ltd(300995) and whether it meets the requirements of the accounting standards for business enterprises; Select and check the sample of sales contract, identify one of the key performance indicators, so that there are contract terms and conditions related to the management of customers to obtain control over relevant goods or services, discuss with the management in order to achieve specific goals or expectations, and evaluate whether the management has the inherent risk of significant manipulation of revenue recognition in the recognition of product sales revenue, which shows signs of bias and misstatement; We identified revenue recognition as a key audit - performed a detail test and reviewed the accounting verification matters related to product sales revenue.
Calculate and check major and relevant documents and records, including sales contract, sales order, sales invoice, customer receipt or acceptance report, customs declaration and payment collection documents;
——Conduct cut-off test on sales revenue, and pay attention to the accuracy of sales revenue before and after Guangdong Kitech New Material Holding Co.Ltd(300995) balance sheet date and whether it is included in the appropriate accounting period;
——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.
4、 Other information
Guangdong Kitech New Material Holding Co.Ltd(300995) Management (hereinafter referred to as management) is responsible for other information. Other information includes the information covered in Guangdong Kitech New Material Holding Co.Ltd(300995) 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 evaluating the going concern ability of Guangdong Kitech New Material Holding Co.Ltd(300995) and disclosing the matters related to going concern (if applicable), and applying the going concern assumption, unless the management plans to liquidate Guangdong Kitech New Material Holding Co.Ltd(300995) , terminate the operation or has no other realistic choice.
The management is responsible for supervising the financial reporting process of Guangdong Kitech New Material Holding Co.Ltd(300995) .
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:
(1) 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.
(2) Understand the internal control related to audit in order to design appropriate audit procedures, but the purpose is not to express an opinion on the effectiveness of internal control.
(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 Guangdong Kitech New Material Holding Co.Ltd(300995) 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 Guangdong Kitech New Material Holding Co.Ltd(300995) 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 Guangdong Kitech New Material Holding Co.Ltd(300995) 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 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.
ShineWing Certified Public Accountants (special general partnership) Chinese certified public accountant:
(project partner)
Chinese certified public accountant:
Beijing, China April 15, 2002
Consolidated balance sheet
Prepared by: Guangdong Kitech New Material Holding Co.Ltd(300995) unit: RMB
Project notes December 31, 2021 December 31, 2020
Current assets:
Monetary capital VI. 11035152620914169800570
Trading financial assets VI. 2
