Beijing Institute of Certified Public Accountants
Business report unified coding reporting system
Unified code of business reporting: 110101562022307008987
Beijing Bayi Space Lcd Technology Co.Ltd(688181) II. Name of report:
Audit report of 2001
Report No.: ztsz (2022) No. 110a010829
Name of audited (inspected) unit: Beijing Bayi Space Lcd Technology Co.Ltd(688181)
Name of accounting firm: Zhitong accounting firm (special general partnership)
Business type: financial statement audit
Report opinion type: unqualified opinion
Report date: April 19, 2022
Filing date: April 18, 2022
Fu Yu (110001610092),
Signed by:
Xu Xixi (110101560645)
(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.
Beijing Bayi Space Lcd Technology Co.Ltd(688181) 2021
audit report
Zhitong Certified Public Accountants (special general partnership)
catalogue
Audit report 1-5
Consolidated and company balance sheet 1-2
Consolidated and corporate income statement 3
Consolidated and company cash flow statement 4
Consolidated statement of changes in shareholders' equity and the company
Notes to financial statements 7-87
Zhitong Certified Public Accountants (special general partnership) 22 Jianguomenwai street, Chaoyang District, Beijing, China
5th floor, set square, 100004
Tel. + 86 1085665588
Fax + 86 1085665120
www.grantthornton. cn.
audit report
Zhi Tong Shen Zi (2022) No. 110a010829 Beijing Bayi Space Lcd Technology Co.Ltd(688181) all shareholders:
1、 Audit opinion
We have audited the financial statements of Beijing Bayi Space Lcd Technology Co.Ltd(688181) (hereinafter referred to as Beijing Bayi Space Lcd Technology Co.Ltd(688181) 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 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 consolidated and financial position of Beijing Bayi Space Lcd Technology Co.Ltd(688181) 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 Bayi Space Lcd Technology Co.Ltd(688181) 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.
(I) revenue recognition
For details of relevant information disclosure, see Notes "V, 34", 14, 5 and 3, 23 of the financial statements.
1. Item description
Beijing Bayi Space Lcd Technology Co.Ltd(688181) company's main business is R & D, production and sales of liquid crystal materials for display. In 2021, Beijing Bayi Space Lcd Technology Co.Ltd(688181) company recognized the main business income of 88508082004 yuan.
Since revenue is one of the key performance indicators of Beijing Bayi Space Lcd Technology Co.Ltd(688181) company, there is an inherent risk that the management of Beijing Bayi Space Lcd Technology Co.Ltd(688181) company (hereinafter referred to as the management) manipulates the time point of revenue recognition in order to achieve specific goals or expectations. We identify revenue recognition as a key audit matter.
2. Audit response
In the audit of 2021 financial statements, our audit procedures for revenue recognition mainly include:
(1) Understand and evaluate the design and operation of internal control related to revenue recognition, and test the effectiveness of key internal control processes;
(2) Check the relevant terms of major customer contracts and evaluate whether the accounting policies for revenue recognition meet the requirements of the accounting standards for business enterprises;
(3) Combined with the audit of accounts receivable, select the main customers to confirm the current sales volume;
(4) Check the main customer contracts, delivery orders, invoice information, sign in documents, collection statements, export declaration forms, etc., and evaluate whether the revenue recognition is consistent with the accounting policies;
(5) Obtain the industrial and commercial registration, business scope and other information of the customer, and verify the authenticity of the sales and the essence of the transaction;
(6) Perform a cut-off test on the main business income to evaluate whether the income is recorded in the correct accounting period. (II) measurement of inventory impairment
See Notes "V, 8" and "III, 11" to the financial statements for relevant information disclosure.
1. Item description
Beijing Bayi Space Lcd Technology Co.Ltd(688181) company's inventory balance on December 31, 2021 was 28414968807 yuan, and the amount of inventory falling price reserve was 1973192560 yuan. The book value was high. The increase of inventory falling price reserve had a certain impact on the financial statements. The inventory value of Beijing Bayi Space Lcd Technology Co.Ltd(688181) company was greatly affected by the customer demand and the accuracy of the management's market prediction. If the customer demand changed significantly or the management made mistakes in the market prediction, Large impairment risk may occur. Therefore, we identify the impairment of inventories as a key audit event.
2. Audit response
In the audit of 2021 financial statements, our audit procedures for inventory impairment mainly include:
(1) Evaluated the design and implementation of internal control related to inventory falling price reserves of Beijing Bayi Space Lcd Technology Co.Ltd(688181) company;
(2) Supervise the inventory of Beijing Bayi Space Lcd Technology Co.Ltd(688181) company and check the quantity and condition of inventory;
(3) Obtain the ending inventory age list of Beijing Bayi Space Lcd Technology Co.Ltd(688181) company's inventory, perform analytical procedures for the inventory with long inventory age, and analyze whether the corresponding inventory falling price reserves are reasonable;
(4) Obtain the relevant information of the management's provision for inventory falling price, and review whether the provision for inventory falling price is sufficient.
4、 Other information
The management is responsible for other information. Other information includes the information covered in the 2021 annual report of Beijing Bayi Space Lcd Technology Co.Ltd(688181) 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.
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 Beijing Bayi Space Lcd Technology Co.Ltd(688181) company, disclosing matters related to going concern (if applicable), and applying the going concern assumption, unless the management plans to liquidate Beijing Bayi Space Lcd Technology Co.Ltd(688181) company, terminate operation or have no other realistic choice.
The management is responsible for supervising the financial reporting process of Beijing Bayi Space Lcd Technology Co.Ltd(688181) 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. 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 going concern ability of Beijing Bayi Space Lcd Technology Co.Ltd(688181) 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 lead to the inability of Beijing Bayi Space Lcd Technology Co.Ltd(688181) company 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 Bayi Space Lcd Technology Co.Ltd(688181) company to express an opinion on the financial statements. We are responsible for guiding, supervising and implementing the group audit, and take full responsibility for the audit opinions.
Notes to financial statements
1、 Basic information of the company 1. Overview of the company
Beijing Bayi Space Lcd Technology Co.Ltd(688181) (hereinafter referred to as "the company", "the company" or "joint stock company"), formerly known as Beijing Beijing Bayi Space Lcd Technology Co.Ltd(688181) liquid crystal material technology Co., Ltd. (hereinafter referred to as "the limited company"), was jointly invested and established by Beijing 800 million Beijing New Space Technology Co.Ltd(605178) Co., Ltd., Yang Huai and Yang Rongqing with a registered capital of 2 million yuan with the approval of Beijing Administration for Industry and Commerce on July 9, 2004. The unified social credit code is 9111030476502352x0, and the registered address is 101, floors 1 to 5, building 4, yard 20, dongliushui Road, Yanshan, Fangshan District, Beijing.
On February 8, 2006, the company held a shareholders' meeting and made a resolution to agree that Beijing 800 million Beijing New Space Technology Co.Ltd(605178) Co., Ltd. and Yang Huai would transfer all their shares, and the shareholders after the transfer were Zhao Lei, hang Deyu
