Jiangsu Changshu Automotive Trim Group Co.Ltd(603035) audit report and financial statements for the year 2021
Jiangsu Changshu Automotive Trim Group Co.Ltd(603035)
Audit report and financial statements
(from January 1, 2021 to December 31, 2021)
Table of contents page
1、 Audit report 1-6 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 1-126
Jiangsu Changshu Automotive Trim Group Co.Ltd(603035)
Notes to the financial statements of 2021
(unless otherwise specified, the monetary unit is RMB)
1、 Basic information of the company (I) overview of the company
Jiangsu Changshu Automotive Trim Group Co.Ltd(603035) (hereinafter referred to as "the company" or "the company"), formerly known as Changshu automobile interior trim material factory, Changshu automobile trim Co., Ltd. and Changshu automobile trim Co., Ltd., was registered and established in Changshu, Jiangsu Province in July 1996. After several restructuring, capital increase and equity transfer, as of May 31, 2012, the registered capital of the company was 9382217090 yuan.
According to the resolution of the board of directors of the company in September 2012 and the provisions of the sponsor agreement and articles of association in September 2012, and with the approval of the reply of Jiangsu Provincial Department of Commerce on approving Changshu auto trim Co., Ltd. to be changed into a foreign-invested joint stock company on September 25, 2012 "Su Shang Zi [2012] No. 1131", the company takes May 31, 2012 as the base date, Changshu auto trim Co., Ltd. was changed into a joint stock limited company as a whole. After the change, the registered capital and paid in share capital were RMB 21000000000. The industrial and commercial change procedures were completed on November 5, 2012. According to the resolutions of the company's 2013 annual general meeting and the fourth extraordinary general meeting of shareholders in 2015, and approved by the China Securities Regulatory Commission on December 2, 2016 "zjxk [2016] No. 2974" reply on Approving the initial public offering of shares of Changshu Auto Accessories Co., Ltd., the company publicly issued 70000000 RMB ordinary shares (A shares) to the public in December 2016, The increased registered capital is RMB 7000000000, and the changed registered capital is RMB 28000000000.
With the approval of the reply on Approving the public issuance of convertible corporate bonds by Changshu auto trim Co., Ltd. (zjxk [2019] No. 1561) by the China Securities Regulatory Commission, the company publicly issued 9924240 convertible corporate bonds on November 18, 2019, with a face value of 100 yuan each and a total issuance amount of 992424000 yuan. With the consent of self regulatory decision [2019] No. 276 of Shanghai Stock Exchange, the convertible bonds issued by the company were listed and traded in Shanghai Stock Exchange on December 12, 2019. The bonds are referred to as "Changqi convertible bonds" for short and the bond code is "113550". As of December 31, 2021, the cumulative number of shares formed by the conversion of Changqi convertible bonds was 807491 million shares, and the total issued share capital was 3607491 million shares. Registered address: No. 288, Haiyu North Road, Changshu City. The company's main business activities are: engaged in the development, design, manufacturing and processing of auto accessories, and selling self-produced products; Lease of self owned houses (for projects subject to approval according to law, business activities can be carried out only after approval by relevant departments). The actual controllers of the company are Luo Xiaochun and Wang Weiqing.
The financial statements were approved and issued by the board of directors of the company on April 18, 2022.
（2） Scope of consolidated financial statements
As of December 31, 2021, the subsidiaries within the scope of the company's consolidated financial statements are as follows:
No. name of subsidiary
1 Changchun Changchun automobile interior decoration Co., Ltd. (hereinafter referred to as "Changchun Changchun")
2 Wuhu Changchun automobile interior decoration Co., Ltd. (hereinafter referred to as "Wuhu Changchun")
3 Beijing Changchun Auto Parts Co., Ltd. (hereinafter referred to as "Beijing Changchun")
4 Chengdu Suchun Auto Parts Co., Ltd. (hereinafter referred to as "Chengdu Suchun")
5 Shenyang Changchun Auto Parts Co., Ltd. (hereinafter referred to as "Shenyang Changchun")
6 Changshu kaideli material recycling Co., Ltd. (hereinafter referred to as "kaideli")
7 Jiangsu Changchun Automobile Technology Co., Ltd. (hereinafter referred to as "Jiangsu Changchun")
8 Tianjin Changchun Auto Parts Co., Ltd. (hereinafter referred to as "Tianjin Changchun")
9 Foshan Changchun Auto Parts Co., Ltd. (hereinafter referred to as "Foshan Changchun")
10. Changyuan Technology (Tianjin) Co., Ltd. (hereinafter referred to as "Tianjin Changyuan")
11 Tianjin Changchun Automobile Technology Co., Ltd. (hereinafter referred to as "Tianjin Technology")
12. Yuyao Changchun automobile interior decoration Co., Ltd. (hereinafter referred to as "Yuyao Changchun")
13 Shangrao Changchun automobile interior decoration Co., Ltd. (hereinafter referred to as "Shangrao Changchun")
14 evergreen Intelligent Technology (Tianjin) Co., Ltd. (hereinafter referred to as "evergreen intelligent")
15 Changrui Technology (Tianjin) Co., Ltd. (hereinafter referred to as "Changrui technology")
16 Suzhou Changchun Industrial Investment Co., Ltd. (hereinafter referred to as "Changchun industry")
17 Tianjin antonglin Auto Accessories Co., Ltd. (hereinafter referred to as "Tianjin antonglin")
18 Changshu Changshun Auto Parts Co., Ltd. (hereinafter referred to as "Changshu Changshun")
19 Tianjin Weichun Automobile Technology Co., Ltd. (hereinafter referred to as "Tianjin Weichun")
20 Yibin Changyi Auto Parts Co., Ltd. (hereinafter referred to as "Yibin Changyi")
21 way business solutions GmbH ("way business")
22 way people + GmbH (hereinafter referred to as "way people")
See "VII. Equity in other entities" in this note for relevant information of the company's subsidiaries.
See "VI. change of consolidation scope" in this note for the change of consolidation scope during the reporting period.
2、 Preparation basis of financial statements (I) preparation basis
The financial statements are prepared in accordance with the accounting standards for business enterprises - basic standards, various specific accounting standards, the application guide of accounting standards for business enterprises, the interpretation of accounting standards for business enterprises and other relevant provisions issued by the Ministry of Finance (hereinafter collectively referred to as "accounting standards for business enterprises"), And the relevant provisions of the rules for the preparation of information disclosure of companies offering securities to the public No. 15 - General Provisions on financial reports issued by the China Securities Regulatory Commission.
（2） Going concern
The company has no events or circumstances that may cause major doubts about the company's ability to continue as a going concern within 12 months from the end of the reporting period.
3、 Important accounting policies and accounting estimates (I) statement of compliance with accounting standards for business enterprises
The financial statements comply with the requirements of the accounting standards for business enterprises issued by the Ministry of finance, and truly and completely reflect the consolidated and parent company's financial position as of December 31, 2021 and the consolidated and parent company's operating results and cash flow in 2021.
（2） Accounting period
The fiscal year is from January 1 to December 31 of the Gregorian calendar.
（3） Business cycle
The business cycle of the company is 12 months.
（4） Recording currency
The company adopts RMB as the bookkeeping base currency. The company's subsidiaries determine their bookkeeping base currency according to the main economic environment in which they operate. The bookkeeping base currency of way business and way people is Euro. The financial statements are presented in RMB.
（5） Accounting treatment methods for business combinations under the same control and not under the same control
Business combination under the same control: the assets and liabilities acquired by the combining party in the business combination (including the goodwill formed by the final controller's acquisition of the combined party) are measured on the basis of the book value of the combined party's assets and liabilities in the final controller's consolidated financial statements on the combination date. For the difference between the book value of the net assets obtained in the merger and the book value of the merger consideration paid (or the total face value of the issued shares), the capital stock premium in the capital reserve shall be adjusted. If the capital stock premium in the capital reserve is insufficient to be offset, the retained earnings shall be adjusted.
Business combination not under the same control: the combination cost refers to the fair value of assets paid, liabilities incurred or assumed and equity securities issued by the acquirer to obtain the control of the acquiree on the acquisition date. The difference between the combination cost and the fair value of the identifiable net assets of the acquiree obtained in the combination is recognized as goodwill; The difference between the combination cost and the fair value of the identifiable net assets of the acquiree obtained in the combination shall be included in the current profits and losses. All identifiable assets, liabilities and contingent liabilities obtained from the acquiree in the merger that meet the recognition conditions shall be measured at fair value on the acquisition date.
The directly related expenses incurred for business combination shall be included in the current profit and loss when incurred; The transaction costs of issuing equity securities or debt securities for business combination shall be included in the initially recognized amount of equity securities or debt securities. （6） Preparation method of consolidated financial statements
1. Consolidation scope
The consolidation scope of the consolidated financial statements is determined on the basis of control. The consolidation scope includes the company and all subsidiaries. Control means that the company has the power over the investee, enjoys variable returns through participating in relevant activities of the investee, and is able to use the power over the investee to affect its return amount.
2. Merger procedure
The company regards the whole enterprise group as an accounting entity and prepares consolidated financial statements in accordance with unified accounting policies to reflect the overall financial status, operating results and cash flow of the enterprise group. The impact of internal transactions between the company and its subsidiaries and between subsidiaries shall be offset. If the internal transaction indicates the impairment loss of relevant assets, the loss shall be recognized in full. If the accounting policies and accounting periods adopted by subsidiaries are inconsistent with those of the company, necessary adjustments shall be made according to the accounting policies and accounting periods of the company when preparing the consolidated financial statements.
The shares belonging to minority shareholders in the owner's equity, current net profit and loss and current comprehensive income of subsidiaries are separately listed under the owner's equity item in the consolidated balance sheet, the net profit item and the total comprehensive income item in the consolidated income statement. If the current loss shared by the minority shareholders of a subsidiary exceeds the share of the minority shareholders in the owner's equity of the subsidiary at the beginning of the period, the balance shall be offset against the minority shareholders' equity.
(1) Increase subsidiaries or businesses
During the reporting period, if subsidiaries or businesses are added due to business combination under the same control, the subsidiaries or businesses shall be consolidated from the beginning of the current period to the reporting period
