Suzhou Huaya Intelligence Technology Co.Ltd(003043)
Financial report of 2021
April 2022
Section x financial report
1、 Audit report
Unqualified opinion of audit opinion type standard
Signing date of audit report: April 18, 2022
Name of audit institution: Tianheng Certified Public Accountants (special general partnership)
Audit Report No.: tianhengshenzi (2022) 00033
Name of certified public accountant: Yang Lin, Wang Fuli
Body of audit report
Suzhou Huaya Intelligence Technology Co.Ltd(003043) all shareholders:
1、 Audit opinion
We have audited the attached financial statements of Suzhou Huaya Intelligence Technology Co.Ltd(003043) (hereinafter referred to as Suzhou Huaya Intelligence Technology Co.Ltd(003043) company), 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 are prepared in accordance with the provisions of the accounting standards for business enterprises in all material aspects and fairly reflect the financial position of Suzhou Huaya Intelligence Technology Co.Ltd(003043) company as of December 31, 2021 and the operating results and cash flow of 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 Suzhou Huaya Intelligence Technology Co.Ltd(003043) 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
Key audit matters are the most important matters we believe to audit the financial statements in the reporting period 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） Revenue recognition
1. Key audit matters
Suzhou Huaya Intelligence Technology Co.Ltd(003043) company is mainly engaged in the R & D, production and sales of high-end precision metal structural parts, and its subsidiary is also engaged in the maintenance of semiconductor equipment. In 2021, the main business income recognized by Suzhou Huaya Intelligence Technology Co.Ltd(003043) company was 527892 million yuan. As stated in note 3 and 31 of the financial statements, Suzhou Huaya Intelligence Technology Co.Ltd(003043) company recognizes the income after the products for domestic sale are delivered and accepted by the company. That is, after the company delivers the goods and obtains the customer's signature record, it will check the acceptance with the customer. After both parties agree, the company will transfer the main risks and rewards of product ownership corresponding to the acceptance check content to the buyer. For export products, if the products are sold by FOB, EXW, FCA and other designated delivery points, the company will recognize the revenue according to the amount agreed in the corresponding contract or order when obtaining the goods declaration form; If the products are exported and sold by means of DAP and other destination delivery methods, the revenue shall be recognized according to the amount agreed in the corresponding contract or order when the goods are shipped for customs declaration, the customs declaration form is obtained, and the goods are delivered to the customer at the place agreed in the contract. For the maintenance of semiconductor equipment, according to the terms of the contract, the maintenance service revenue is recognized after the maintenance business is performed and confirmed by the customer.
As revenue recognition is one of the key performance indicators of Suzhou Huaya Intelligence Technology Co.Ltd(003043) company, there is an inherent risk that the management manipulates the time point of revenue recognition in order to achieve specific goals or expectations. We recognize the revenue recognition of Suzhou Huaya Intelligence Technology Co.Ltd(003043) company as a key audit matter.
2. Response in audit
Our main audit procedures for the revenue recognition of Suzhou Huaya Intelligence Technology Co.Ltd(003043) company include:
(1) Understand the impact of industrial policies and market environment on the sales revenue of Suzhou Huaya Intelligence Technology Co.Ltd(003043) company, and judge the rationality of changes in sales revenue and gross profit margin.
(2) Understand and evaluate the management's design of internal control related to revenue recognition of Suzhou Huaya Intelligence Technology Co.Ltd(003043) company, and test the effectiveness of key control implementation.
(3) Through sampling inspection of sales contracts and interviews with management, this paper analyzes and evaluates the major risks and reward transfer time points related to the recognition of product sales revenue, and then evaluates the recognition policy of product sales revenue of Suzhou Huaya Intelligence Technology Co.Ltd(003043) company.
(4) The following procedures were implemented for the product sales revenue in the reporting period by sampling: A. check the supporting documents related to revenue recognition, including sales contract, order, sales invoice, delivery order, export declaration form, customer receipt and verification records; B. For the sales revenue recognized before and after the balance sheet date, check the customer's receipt, reconciliation and other supporting documents to assess whether the sales revenue is recognized in an appropriate period.
(5) Select samples of customers recorded in the reporting period, and conduct correspondence and on-site verification on their transaction amount and current accounts to evaluate the authenticity of revenue recognition.
4、 Other information
Suzhou Huaya Intelligence Technology Co.Ltd(003043) company management (hereinafter referred to as "management") is responsible for other information. Other information includes the information covered in the 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 sustainable operation ability of Suzhou Huaya Intelligence Technology Co.Ltd(003043) company, disclosing matters related to sustainable operation (if applicable), and applying the assumption of sustainable operation, unless the management plans to liquidate Suzhou Huaya Intelligence Technology Co.Ltd(003043) company, terminate operation or have no other realistic choice.
The management is responsible for supervising the financial reporting process of Suzhou Huaya Intelligence Technology Co.Ltd(003043) 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 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. The risk of fraud, collusion or failure to control may be higher than that caused by the discovery of material misstatement or fraud.
(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 the sustainable operation ability of Suzhou Huaya Intelligence Technology Co.Ltd(003043) 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 Suzhou Huaya Intelligence Technology Co.Ltd(003043) company to be unable to continue its business.
(5) 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.
(6) Obtain sufficient and appropriate audit evidence on the financial information of entities or business activities in Suzhou Huaya Intelligence Technology Co.Ltd(003043) company to express audit opinion 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 to the audit of the financial statements in the reporting period, 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. 2、 The unit of the statement in the notes to the financial statements is: yuan 1. Preparation unit of the consolidated balance sheet: Suzhou Huaya Intelligence Technology Co.Ltd(003043)
December 31, 2021
Unit: Yuan
December 31, 2021 December 31, 2020
Current assets:
Monetary capital 2788243425217575900411
Provision for settlement
Lending funds
Trading financial assets Astro-Century Education & Technology Co.Ltd(300654) 65753
Derivative financial assets
Notes receivable 6635630483207739978
Accounts receivable 2007679635310949564496
Receivables financing
Prepayment 1012889732552835189
receivable premium
accounts receivable reinsurance
Reinsurance contract reserve receivable
Other receivables 50170539057846318
Including: interest receivable
Dividends receivable
Purchase of resale financial assets
Inventory 109518170445136120654
Contract assets
Assets held for sale
Non current assets due within one year
Other current assets 10792235904556
Total current assets 9115477949437515911602
Non current assets:
Loans and advances
Debt investment
Other debt investment
long-term receivables
Long term equity investment
Investment in other equity instruments
Other non current financial assets
Investment real estate
fixed assets
