Sichuan Etrol Technologies Co.Ltd(300370)
Annual audited financial statements 2021
catalogue
1、 Audit report 1-7 pages
2、 Annex to audit report
1. Consolidated balance sheet page 8-9
2. Parent company balance sheet page 10-11
3. Consolidated income statement page 12
4. Parent company income statement page 13
5. Consolidated cash flow statement page 14
6. Cash flow statement of parent company page 15
7. Consolidated statement of changes in owner’s equity page 16-17
8. Statement of changes in owner’s equity of parent company page 18-19
9. Notes to financial statements page 20-127
Audit report
(2022) jhxsz No. 65 Konka Group Co.Ltd(000016)
Sichuan Etrol Technologies Co.Ltd(300370) all shareholders:
1、 Reservations
We have audited the attached Sichuan Etrol Technologies Co.Ltd(300370) (hereinafter referred to as “security control technology company”)
Financial statements, including the consolidated and parent company’s balance sheet as of December 31, 2021, and the balance sheet of 2021
Consolidated and parent company income statement, consolidated and parent company cash flow statement, consolidated and parent company statement of changes in shareholders’ equity
And notes to relevant financial statements.
In our opinion, in addition to the impact of the matters described in the “basis for forming reservations”, the attached
The financial statements are prepared in accordance with the provisions of the accounting standards for business enterprises in all major aspects and fairly reflect the company’s financial position
The company’s financial position as of December 31, 2021 and its operating results and cash flow in 2021.
2、 Basis for forming reservations
(I) impact on the ability to continue as a going concern
As shown in notes “II. (II) going concern” to the financial statements and notes “v. (65) to the financial statements
As described in “assets with limited right or use right”, as of December 31, 2021, security control technology Co., Ltd
The owner’s rights and interests totaled -36518313673 yuan, which resulted in many litigation and arbitration cases due to overdue debts
Some bank accounts were frozen, a number of assets were mortgaged, and security control technology companies and actual controllers were listed as dishonest
The executor, security control technology company is likely to be unable to realize assets and pay off debts in the normal business process
Have a significant impact on production and operation.
In August 2021, the intermediate people’s Court of Yibin City, Sichuan Province decided to start the pre reorganization process of security control technology company
And appoint Sichuan Etrol Technologies Co.Ltd(300370) liquidation group as the pre reorganization manager until December 2021
The intermediate people’s Court of Sichuan Province made a ruling on whether to accept the reorganization case on December 31.
Although the security control technology company has disclosed the improvement measures to be taken to maintain continuous operation, it is subject to the above matters
As a result, there are still major uncertainties in the sustainable operation ability of security control technology company.
(II) impact of out of control events of subsidiaries on financial statements
Since November 2019, security control technology Co., Ltd. has invested in its subsidiary Ningbo Dongwang Intelligent System Engineering Co., Ltd
The company (hereinafter referred to as “Dongwang intelligent”) lost actual control, and Dongwang intelligent received Zhejiang on September 22, 2021
The people’s Court of Yinzhou District, Ningbo City, Jiangsu Province (2021) zhe 0212 Po Shen No. 13 civil ruling, ruled that it was accepted
The applicant Ningbo Zhoushan Port Company Limited(601018) Hao Import and Export Co., Ltd. handled the bankruptcy liquidation application of the respondent Dongwang intelligent and appointed
Beijing Deheng (Ningbo) law firm is Dongwang intelligent manager, which was established in Zhejiang Province on January 19, 2022
Ningbo Yinzhou District People’s Court (2021) zhe 0212 Po No. 20 civil ruling ruled against Dongwang intelligence
Carry out bankruptcy reorganization. At present, the bankruptcy reorganization of Dongwang intelligence is still in progress, and the daily operation of Dongwang intelligence
The management and the like shall be uniformly controlled by the bankruptcy reorganization administrator. According to the accounting standards for Business Enterprises No. 33 – consolidated financial statements
According to relevant regulations, Dongwang intelligence will not be included in the consolidated financial statements of security control technology company since November 2019.
In addition, due to the unfinished performance commitment of Dongwang intelligent in 2018, the performance commitment party Ningbo Meishan bonded
Guanghan investment management partnership (limited partnership) (hereinafter referred to as Guanghan investment), Ningbo Meishan free trade port
There are differences in employment performance compensation of district Dehao investment management partnership (limited partnership) (hereinafter referred to as Dehao investment)
Discussion, resulting in obstacles to the recovery of the company’s performance compensation. In October 2019, security control technology Co., Ltd. will invest in Guanghan
Dehao investment, Gu Xiaoye, Sha Xiaodong, Wang Yu and Wang Bei sued to the court and asked the defendant to perform performance compensation
And undertake unlimited joint and several liability for repayment.
The first intermediate people’s Court of Beijing made a decision on April 14, 2021
In the trial judgment, the defendant was ordered to jointly pay 59598869700 yuan of cash compensation to security control technology company and pay
Liquidated damages.
The defendants appealed against the judgment of first instance and jointly filed an appeal. November 26, 2021, Beijing high tech Industrial Park
The people’s court at the next level issued the civil ruling ([2021] jingminzhong No. 720) and ruled that the case should be settled by the appellant
Guanghan investment management partnership (limited partnership) of bomeishan free trade port area and Dehao investment of Ningbo Meishan free trade port area
Management partnership (limited partnership), Gu Xiaoye, Wang Yu, Sha Xiaodong and Wang Bei automatically withdrew the appeal. one
The trial judgment shall take legal effect from the date of service of the written order. The ruling is final.
On February 17, 2022, security control technology company received the notice of response to litigation served by Beijing Higher People’s court
The applicants Sha Xiaodong and Wang Beiyin cooperated with the company and the first instance defendant Guanghan investment management of Ningbo Meishan bonded port area
Partnership (limited partnership), Ningbo Meishan free trade port Dehao investment management partnership (limited partnership), Gu Xiao
The case of contract dispute between ye and Wang Yu was not satisfied with the decision made by Beijing No. 1 Intermediate People’s Court on April 14, 2021
[2019] civil judgment No. 647 of Jing 01 min Chu applied to Beijing Higher People’s court for retrial. At present, Beijing
The Municipal Higher People’s court has filed a case for examination.
As of December 31, 2021, the amount of equity investment of security control technology company in Dongwang intelligent is
8449806737 yuan, the amount of impairment provision is 8449806737 yuan, and the balance of other receivables
644795407 yuan, 644795407 yuan of accrued credit impairment loss, and Dongwang Intelligent Technology Co., Ltd
The balance of guarantee provided by bank loans is 191115400 yuan, and the accrued guarantee loss is estimated to be 100 million yuan
Foreign Security Control Technology Co., Ltd. has recognized a cumulative performance compensation income of 9313982000 yuan in 2018 and 2019,
And offset the equity transfer payable to Guanghan investment and Dehao investment. As Dongwang intelligence is out of control, bankruptcy and reorganization are still in progress
The retrial of unfinished and performance compensation has not been decided, and we are unable to make a judgment on the above equity
Creditor’s rights, performance compensation, and whether the measurement and presentation of contingent liabilities that may be formed due to guarantee are appropriate
Obtain sufficient and appropriate audit evidence for the recoverability of rights.
We conducted our audit in accordance with the auditing standards for Chinese certified public accountants. “Notes” to the audit report
Our responsibilities under these standards are further elaborated in the section “accountants’ responsibilities for the audit of financial statements”.
In accordance with the code of professional ethics for Chinese certified public accountants, we are independent of security control technology company and fulfill our professional ethics
Other responsibilities of Germany. We believe that the audit evidence we have obtained is sufficient and appropriate to guarantee the publication
Leaving comments provides a basis.
3、 Other information
The management is responsible for other information. Other information includes the information covered in the 2021 annual report of security control technology company
Information, but excluding the financial statements and our audit report.
Our audit opinion on the financial statements does not cover other information, and we do not publish other information
Any form of assurance conclusion.
In combination with our audit of the financial statements, our responsibility is to read other information. In this process, we will
Consider whether other information is materially inconsistent with the financial statements or the information we have learned in the audit process, or
There appears to be a material misstatement.
Based on the work we have performed, if we determine that there is a material misstatement in other information, we should report it
Tell the truth. As stated in the “basis for forming reservations” above, we cannot determine the matters related to the above
Whether there is material misstatement in other relevant information.
4、 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
Item. The response to these matters is based on the overall audit of the financial statements and the formation of audit opinions. We do not
Express separate opinions on these matters. In addition to the matters described in the “basis for forming reservations”, we do
The following matters are the key audit matters that need to be communicated in the audit report.
The key audit matters we identified in the audit of the current financial statements are as follows:
1. Accounts receivable and bad debt reserves
Please refer to note V (IV) of the financial statements.
Countermeasures in key audit matters
Receivable from security control technology company on December 31, 2021
The book balance of accounts is 78206483740 yuan
The provision for bad debts is 27099050002 yuan. company
From January 1, 2019, implement the accounting standards for business enterprises 1. Understand and test the internal control of sales revenue cycle and evaluate the internal control
No. 22 – recognition and measurement of financial instruments (effectiveness of financial control); 2. Check the authenticity and completeness of income
(H [2017] No. 7) to verify the existence and accuracy of accounts receivable; 3. Check accounts receivable
The account preparation adopts the expected credit loss model to carry out the business information and litigation of customers, and check whether there are customers who have been cancelled or have
Measurement. When determining the expected credit loss, the management indicates that there are signs that the accounts receivable may not be recoverable; 4. Combine most
It is necessary to comprehensively evaluate the customer’s credit situation and the aging of accounts receivable in recent 3-4 years, and use the expected credit impairment loss model
Review the current bad debt accrual method according to the historical credit loss and the current business type; 5. Check for
Situation, macroeconomic environment and external market environment
