Sunshine Global Circuits Co.Ltd(300739) audit report and financial statements
Year 2021
Xin Hui Shi Bao Zi [2022] No. zi10150
Sunshine Global Circuits Co.Ltd(300739)
Audit report and financial statements
(from January 1, 2021 to December 31, 2021)
Table of contents page
1、 Audit report 1-5 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 1-102 3、 Practice qualification certificate of the firm
Audit report
Xin Hui Shi Bao Zi [2022] No. zi10150 Sunshine Global Circuits Co.Ltd(300739) all shareholders:
1、 Audit opinion
We have audited the financial statements of Sunshine Global Circuits Co.Ltd(300739) (hereinafter referred to as Sunshine Global Circuits Co.Ltd(300739) ), 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 owner’s equity and notes to relevant financial statements in 2021.
In our opinion, the attached financial statements are prepared in accordance with the accounting standards for business enterprises in all material aspects, and fairly reflect the financial position of Sunshine Global Circuits Co.Ltd(300739) the consolidated and parent company as of December 31, 2021, and the consolidated and parent company’s operating results and cash flow 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 Sunshine Global Circuits Co.Ltd(300739) , 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.
The key audit matters identified in our audit are summarized as follows:
Key audit matters how to deal with them in the audit
(I) recognition of sales revenue
Event description audit response
Sunshine Global Circuits Co.Ltd(300739) is mainly engaged in the recognition of operating income of printed circuit boards (PCBs). We implement the audit, R & D, production and sales. The sales channels include direct counting procedures, mainly including export and sales in China. In 2021, Mingyang (1) understood and tested the circuit related to sales and collection, and the operating revenue was 185408927340 yuan. Effectiveness of key internal control design and operation; Since the operating revenue is the key operating indicator of the company, (2) combined with the product type and customer category, there is an inherent risk that the management manipulates the time point of revenue recognition in order to achieve specific objectives or expectations and gross profit margin. Whether the scale and change trend of sales business are in line with this, we recognize revenue recognition as a key audit reason; Item. For the accounting policies on revenue recognition, see Annex (3) send a letter to major customers to confirm the sales amount, with notes III and XXV; As for the operating income and the balance of accounts receivable, according to the evaluation of the reply, see note V (39) for details. Authenticity, accuracy and completeness of revenue recognition; (4) Carry out detail test on sales and delivery records by sampling, and check documents such as sales contract (order), factory delivery order, freight forwarder receipt, customs declaration, bill of lading, customer receipt record, sales invoice and bank collection voucher, Evaluate whether relevant revenue recognition complies with the company’s accounting policies for revenue recognition;
(5) Perform a cut-off test on revenue to evaluate whether revenue is recorded in the appropriate accounting period.
4、 Other information
Sunshine Global Circuits Co.Ltd(300739) Management (hereinafter referred to as management) is responsible for other information. Other information includes the information covered in Sunshine Global Circuits Co.Ltd(300739) 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 assessing Sunshine Global Circuits Co.Ltd(300739) the ability of going concern, disclosing matters related to going concern (if applicable), and applying the assumption of going concern, unless liquidation is planned, operation is terminated or there is no other realistic choice.
The management is responsible for supervising the financial reporting process of Sunshine Global Circuits Co.Ltd(300739) .
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:
(I) 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.
(II) understand the internal control related to audit to design appropriate audit procedures.
(III) evaluate the appropriateness of accounting policies selected by the management and the rationality of accounting estimates and related disclosures.
(IV) draw a conclusion on the appropriateness of the management’s use of the going concern assumption. At the same time, based on the audit evidence obtained, draw a conclusion on whether there is any major uncertainty in the matters or circumstances that may cause major doubts about Sunshine Global Circuits Co.Ltd(300739) . 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 Sunshine Global Circuits Co.Ltd(300739) unable to continue its business.
(V) 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.
(VI) obtain sufficient and appropriate audit evidence on the financial information of entities or business activities in Sunshine Global Circuits Co.Ltd(300739) to express audit opinions 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 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.
(there is no text on this page) Chinese Certified Public Accountants of Lixin Certified Public Accountants (special general partnership):
(project partner)
Chinese certified public accountant:
Shanghai, China April 19, 2022
Sunshine Global Circuits Co.Ltd(300739)
Consolidated balance sheet
December 31, 2021
(unless otherwise specified, the monetary unit is RMB)
Note V closing balance of assets closing balance of last year
Current assets:
Monetary capital (I) 26634889022102685765448
Settlement provisions and lending funds
Trading financial assets (II) 7221158623937181476116
Derivative financial assets
Notes receivable (III) 153616 Tcl Technology Group Corporation(000100) 000000
Accounts receivable (IV) 414612301682575400541
Receivables financing (V) 77729196
Prepayment (VI) 824978239700417106
Premiums receivable reinsurance accounts receivable reinsurance contract reserves receivable
Other receivables (VII) 51586528121910257229
Purchase of resale financial assets
Inventory (Ⅷ) 3475 Shandong Nanshan Fashion Sci-Tech Co.Ltd(300918) 217185061819
Contract assets non current assets held for sale that expire within one year
Other current assets (IX) 1402534180
