Audit report and financial statements of Songcheng Performance Development Co.Ltd(300144) International Development Co., Ltd. for the year of 2021
Songcheng Performance Development Co.Ltd(300144) International Development Co., Ltd
Audit report and financial statements
(from January 1, 2021 to December 31, 2021)
Table of contents page
1、 Audit report 1-3 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 1-36
audit report
Xin Hui Shi Bao Zi [2022] No. za11429 all shareholders of Songcheng Performance Development Co.Ltd(300144) International Development Co., Ltd.:
1、 Audit opinion
We have audited the financial statements of Songcheng Performance Development Co.Ltd(300144) International Development Co., Ltd. (hereinafter referred to as Songcheng International (Hong Kong)), 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 consolidated and parent company's financial position of Songcheng International (Hong Kong) as of December 31, 2021, as well as 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 Songcheng International (Hong Kong) 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、 Responsibility of management 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.
In preparing the financial statements, the management is responsible for assessing the going concern ability of Songcheng International (Hong Kong), disclosing matters related to going concern (if applicable), and applying the going concern assumption, unless it plans to liquidate, terminate operation or has no other realistic choice.
4、 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 in order to design appropriate audit procedures, but the purpose is not to express opinions on the effectiveness of internal control.
(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, 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 Songcheng International (Hong Kong). 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 Songcheng International (Hong Kong) to be 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 Songcheng International (Hong Kong) to express an 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.
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Chinese certified public accountant of Lixin certified public accountants: Ni Yilin (special general partnership)
Chinese certified public accountant: Jiang Xuelian, Shanghai, China April 22, 2002
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) 28392839685116361545 fifty-nine
Provision for settlement
Lending funds
Trading financial assets (II) 26709429017903510834
Derivative financial assets
Notes receivable
Accounts receivable
Receivables financing
Advance payment
receivable premium
accounts receivable reinsurance
Reinsurance contract reserve receivable
Other receivables
Purchase of resale financial assets
stock
Contract assets
Assets held for sale
Non current assets due within one year
Other current assets (III) 369223743040536
Total current assets 2869685634929542705929
Non current assets:
Loans and advances
Debt investment
Other debt investment
long-term receivables
Long term equity investment
Investment in other equity instruments (IV) 902 Shanghai Putailai New Energy Technology Co.Ltd(603659) 929143032
Other non current financial assets
Investment real estate
Fixed assets (V) 713775910328898
Construction in progress (VI) 741828749805113707
Productive biological assets
Oil and gas assets
Right of use assets
Intangible assets (VII) 2711413547229427225827
Development expenditure
goodwill
Long term deferred expenses
deferred tax assets
Other non current assets
Total non current assets 2876570563931171811464
Total assets 5746256198860714517393
The attached notes to the financial statements are an integral part of the financial statements.
Person in charge of the company: person in charge of Accounting: person in charge of accounting organization:
Consolidated balance sheet (Continued)
December 31, 2021
(unless otherwise specified, the monetary unit is RMB)
Note V closing balance of liabilities and owner's equity closing balance of last year
Current liabilities: short-term borrowings borrowing funds from the central bank, trading financial liabilities, derivative financial liabilities, notes payable, accounts payable, advances received, contract liabilities, sales of repurchased financial assets, absorption of deposits and interbank deposits, agency purchase and sale of securities, agency underwriting of securities
Payroll payable (Ⅷ)
Taxes payable (IX) 36093163391938903
Other payables (x) 27684052242782897971
Fees and commissions payable reinsurance accounts payable non current liabilities due within one year held for sale liabilities other current liabilities
Total current liabilities: 31293368572874836874
Non current liabilities: insurance contract reserves, long-term loans, bonds payable, including: preferred shares
Perpetual debt
Lease liabilities long-term accounts payable long-term employee compensation payable estimated liabilities Deferred income deferred income tax liabilities other non current liabilities Total non current liabilities
Total liabilities: 31293368572874836874
Owner's equity:
Paid in capital (XI) 6063803751936798209608
Other equity instruments, including: preferred shares
Perpetual debt
Capital reserve (XII) 23838527911
Less: treasury shares
Other comprehensive income (XIII) -6835390944 -2515312533
Special reserve surplus reserve general risk reserve
Undistributed profit (x)
