About Kaiyuan Education Technology Group Co.Ltd(300338)
Issuing non-standard audit opinions on the financial statements of 2021
Special description
TJH [2022] No. 2-47
Kaiyuan Education Technology Group Co.Ltd(300338) all shareholders:
We have been entrusted to audit the financial statements of Kaiyuan Education Technology Group Co.Ltd(300338) (hereinafter referred to as Kaiyuan Education Technology Group Co.Ltd(300338) company) in 2021, and issued the audit report with unqualified opinion with significant uncertainty of continuous operation (TJs [2022] No. 2-297). In accordance with the relevant requirements of the rules for the preparation and reporting of information disclosure of companies offering securities to the public No. 14 – handling of non-standard audit opinions and matters involved (revised in 2020) and the guidelines for the application of regulatory rules – Audit No. 1, the relevant information of Kaiyuan Education Technology Group Co.Ltd(300338) company is hereby stated as follows:
1、 Matters involved in the section with significant uncertainty of going concern in the audit report
The company’s huge operating losses of As of December 31, 2021, the book value of the company’s goodwill was 386126800 yuan, the current liabilities were higher than the current assets by 810304800 yuan, the balance of available monetary funds in the book was 290539 million yuan, and the balance of bank loans due within one year was 575387 million yuan. The above matters or circumstances indicate that there are major uncertainties that may lead to major doubts about the sustainable operation ability of Kaiyuan Education Technology Group Co.Ltd(300338) company.
2、 Detailed reasons and basis for issuing an unqualified audit report with significant uncertainty of going concern
（1） Overall importance level of consolidated financial statements
During the audit of 2021 financial statements of Kaiyuan Education Technology Group Co.Ltd(300338) company, we determined that the overall importance level of the consolidated financial statements was RMB 25.082 million Kaiyuan Education Technology Group Co.Ltd(300338) company is a profit-making entity. We use the absolute value of the pre tax profit of its recurring business of 5016394 million yuan as the benchmark, multiply the benchmark by 5%, and the overall importance level of the consolidated financial statements is 25.082 million yuan. The calculation method of importance level in this period is consistent with that in the previous period.
（2） Reasons and basis for issuing an audit report with significant uncertainties related to going concern
According to Article 21 of the auditing standards for Chinese certified public accountants No. 1324 – going concern, if the assumption of going concern is appropriate, but there are significant uncertainties, and the financial statements have fully disclosed the significant uncertainties, the certified public accountant shall express an unqualified opinion and add a separate part under the title “significant uncertainties related to going concern” to the audit report, To: (I) remind users of financial statements to pay attention to the disclosure of matters mentioned in Article 18 of these standards in the notes to financial statements; (II) explain that these matters or circumstances indicate that there are major uncertainties that may lead to major doubts about the going concern ability of the auditee, and explain that the matter does not affect the audit opinion issued.
As stated in note 1, Kaiyuan Education Technology Group Co.Ltd(300338) company’s net profit from 2019 to 2021 was -622611600 yuan, -786124100 yuan and -461674900 yuan respectively, with continuous huge losses, and the company’s operation was greatly affected by the epidemic; As of December 31, 2021, the book value of the company’s goodwill was 386126800 yuan, the current liabilities were higher than the current assets by 810304800 yuan, the balance of available monetary funds in the book was 290539 million yuan, and the balance of bank loans due within one year was 575387 million yuan Kaiyuan Education Technology Group Co.Ltd(300338) company is improving the above situation and maintaining the ability of continuous operation through the following methods: 1 Improve asset quality and profitability; 2. Create a “central kitchen” middle desk, reduce the cost of systematic training and improve the efficiency and effect of training; 3. Optimize class consumption management and increase operating revenue; 4. Reduce costs and increase efficiency, control costs and reduce cash expenditure; 5. Actively seek support or financing from local governments and banks to alleviate capital pressure. There are no major obstacles to the implementation of the above measures, so it is appropriate for Kaiyuan Education Technology Group Co.Ltd(300338) company to prepare financial statements on the premise of continuous operation. However, if the above improvement measures cannot be successfully implemented, it may have a certain impact on the sustainable operation ability of Kaiyuan Education Technology Group Co.Ltd(300338) company. Therefore, there is still significant uncertainty about the sustainable operation ability of Kaiyuan Education Technology Group Co.Ltd(300338) company Kaiyuan Education Technology Group Co.Ltd(300338) company has fully disclosed the above major uncertainties in the notes to the financial statements, which is very important for the users of the financial statements to understand the financial statements. Therefore, we have added a separate part with the title of “major uncertainties related to going concern” in the audit report to remind the users of the financial statements to pay attention to the disclosure of matters related to the major uncertainties of going concern in the notes to the financial statements. The matter does not affect the audit opinion issued.
It is hereby explained. Tianjian Certified Public Accountants (special general partnership) Chinese certified public accountant:
Hangzhou, China Certified Public Accountant:
April 28, 2002
