Tianjin Songjiang Co.Ltd(600225) ZTC CGHs Zi (2022) No. 303001
Beijing Institute of Certified Public Accountants
Business report unified coding reporting system
Unified business reporting code: 110102052022359004583
Report name: 6 Shanghai Raas Blood Products Co.Ltd(002252) 021 annual audit report
Report No.: ZTC CGHs Zi (2022) No. 303001
Name of audited (inspected) unit: Tianjin Songjiang Co.Ltd(600225)
Zhongxingcai Guanghua Certified Public Accountants (special general partnership) name of Certified Public Accountants:
Business type: financial statement audit
Report opinion type: unqualified opinion
Report date: April 25, 2022
Filing date: April 25, 2022
Chen Licheng (12 Shenzhen Agricultural Products Group Co.Ltd(000061) 0019),
Signed by:
Xu Bin (120100110031)
(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.
catalogue
audit report
Consolidated and company balance sheet 1-2
Consolidated and corporate income statement 3
Consolidated and company cash flow statement 4
Consolidated and statement of changes in shareholders' equity 5-8
Notes to financial statements 9-145
audit report
ZTE Cai Guang Hua Shen Hui Zi (2022) No. 303001 Tianjin Songjiang Co.Ltd(600225) all shareholders:
1、 Audit opinion
We have audited the financial statements of Tianjin Songjiang Co.Ltd(600225) (hereinafter referred to as Tianjin Songjiang company),
Including the consolidated and company's balance sheet as of December 31, 2021, and the consolidated and company's profit in 2021
Statement, consolidated and company cash flow statement, consolidated and company statement of changes in shareholders' equity and notes to financial statements.
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 company's financial position of Tianjin Songjiang company as of December 31, 2021 and the consolidated and 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. According to the code of professional ethics for Chinese certified public accountants, we are independent of Tianjin Songjiang 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. We confirm that the following matters are the key audit matters that need to be communicated in the audit report.
(I) accounting treatment related to bankruptcy reorganization
1. Event description
See note 41 capital reserve, note 53 investment income and note 2 bankruptcy reorganization of "XIV. Other important matters" in notes to the financial statements for relevant information disclosure.
Tianjin Songjiang company implemented the reorganization plan in 2021, which was attributable to the shares of the parent company on December 31, 2021
East equity was 14866077 million yuan, an increase of 50894239 million yuan compared with the shareholders' equity attributable to the parent company on December 31, 2020. Due to the implementation of the restructuring plan, the capital investment of strategic investors was confirmed in 2021, increasing the capital reserve by 140 million yuan; According to the restructuring plan, the company completed the withdrawal of debt repayment resources, recognized the income from debt restructuring, increased the capital reserve - equity premium of 3337269900 yuan, and increased the investment income - income from debt restructuring of 55454801 million yuan. The capital reserve and investment income recognized based on the implementation of the reorganization plan constitute the main increasing factors of shareholders' equity attributable to the parent company in 2021. Tianjin Songjiang company has the pressure to eliminate delisting risk in 2021. The accounting treatment related to bankruptcy and reorganization can have a significant impact on the amount of shareholders' equity attributable to the parent company at the end of the reporting period. The management has the risk of eliminating delisting risk pressure, resulting in the early recognition of debt restructuring income and capital reserve, or overestimating the recognition amount of debt restructuring income and capital reserve. Therefore, we identify the accounting treatment related to bankruptcy reorganization as key audit matters.
2. Audit response
Our main audit procedures for the above key audit matters related to the accounting treatment of bankruptcy reorganization are as follows:
(1) We obtained the key materials involved in bankruptcy reorganization, including civil ruling and reorganization plan, interviewed the managers to understand the implementation of the reorganization plan, and communicated with the company's management, governance and managers about the major uncertainties and elimination of the reorganization plan.
(2) We personally obtained the bank flow of the manager's special account from the base date of bankruptcy reorganization declaration to the balance sheet date, and checked the payment and deposit of debt repayment funds. Confirm the deposit of strategic investors and the payment of the transfer price of Transferred Equity one by one, and check the amount of debt repayment funds transferred to creditors with the creditor's rights review results.
(3) We obtained the information of the share register and checked the transfer and deposit of debt paying shares.
(4) We obtained and consulted the letter of commitment on paying the transfer price of converted shares to Tianjin Songjiang Co.Ltd(600225) manager issued by the strategic investor, confirmed the authenticity and accuracy of the unpaid transfer price through the implementation of the letter procedure, checked the bank flow of the manager's special account after the balance sheet date, and checked the original transfer documents to confirm the contribution of the transfer price of converted shares by the strategic investor.
(5) We check the availability of debt repayment funds and debt repayment stocks to judge the implementation degree of the restructuring plan and evaluate the rationality of the time point of confirming debt restructuring income and capital reserve with stock debt repayment.
(6) Obtain the statistics and relevant basis of the estimated liabilities of the external guaranteed creditor's rights of Tianjin Songjiang company, and judge the rationality of the estimated liabilities of the external guaranteed creditor's rights.
(7) Obtain the calculation draft of Tianjin Songjiang company's confirmation of capital reserve and investment income by converting shares to pay off debts, check the number of shares corresponding to debt repayment, perform recalculation, and confirm the accuracy of the amount included in capital reserve and investment income.
(8) Check the compliance and appropriateness of the information related to bankruptcy reorganization disclosed in the notes to the financial statements.
(II) recognition of information service revenue
1. Event description
See note 28 of "IV. main accounting policies and accounting estimates of the company" in the notes to the financial statements for relevant information disclosure Income and "VI. items of consolidated financial statements" note 46 operating income and operating costs.
The total consolidated operating revenue of Tianjin Songjiang company in 2021 was 814095 million yuan, a decrease of 2683924 million yuan or 24.80% compared with that in 2020, and the gross profit margin increased by 19.35%. Among them, the information service revenue decreased by 301523900 yuan, down 32.18%, and the gross profit margin increased by 6.75%. Operating income is one of the financial indicators to eliminate delisting risk, and Tianjin Songjiang company has performance commitments in the future, and information service income is the key source of operating profit, so there is an inherent risk that information service income may be recognized in an incorrect period or manipulated to achieve the target or expected level. Therefore, we recognize the recognition of information service revenue as a key audit matter.
2. Audit response
Our main audit procedures for the above key audit matters related to the recognition of information service revenue are as follows:
(1) We understand and evaluate the internal control design related to information service revenue recognition of Tianjin Songjiang company, and test the effectiveness of key control implementation.
(2) By reviewing the contract and interviewing with the company's management, we identify the contract terms and conditions related to the transfer of service control, and evaluate whether the information service revenue recognition policy meets the requirements of the accounting standards for business enterprises. (3) We perform analytical procedures on the changes of gross profit and gross profit margin of information service classification income in the reporting period to judge whether the changes of information service income, gross profit and gross profit margin in the reporting period are reasonable and whether the change trend is consistent with the change trend of the industry.
(4) According to the analytical procedures, we select the key verification business scope, select important customers for video interviews, and confirm the authenticity, accuracy and integrity of information service income in combination with the implementation of detailed testing and letter confirmation procedures.
(5) We perform a cut-off test on the information service revenue recognized before and after the balance sheet date, check the decrease of accounts receivable after the period, and judge whether the revenue is recorded in the appropriate accounting period.
4、 Other information
The management of Tianjin Songjiang company (hereinafter referred to as the management) is responsible for other information. Other information includes the information covered in the 2021 annual report of Tianjin Songjiang 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 sustainable operation ability of Tianjin Songjiang company, disclosing matters related to sustainable operation (if applicable), and applying the assumption of sustainable operation, unless the management plans to liquidate Tianjin Songjiang company, terminate operation or has no other realistic choice.
The management is responsible for supervising the financial reporting process of Tianjin Songjiang 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 sustainable operation ability of Tianjin Songjiang 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 Tianjin Songjiang company to be unable 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 Tianjin Songjiang company to express an audit opinion on the financial statements. We are fully responsible for the audit, guidance and implementation of the audit opinions of the group.
We communicated with the management on the planned audit scope, schedule and major audit findings, including the internal control that we identified in the audit
