audit report
Bringspring Science And Technology Co.Ltd(300290)
Rong Cheng Shen Zi [2022] No. 110z0065
Rongcheng Certified Public Accountants (special general partnership)
Beijing, China
catalogue
Serial number content page number
1 audit report 1-7
2 consolidated balance sheet 8
3 consolidated income statement 9
4 Consolidated Cash Flow Statement 10
5 consolidated statement of changes in owner's equity 11
6 balance sheet of parent company 12
7. Income statement of the parent company 13
8 cash flow statement of parent company 14
9. Statement of changes in owner's equity of the parent company 15
10 notes to financial statements 16-134 6
Audit report
Rong Cheng Shen Zi [2022] No. 110z0065 Bringspring Science And Technology Co.Ltd(300290) all shareholders:
1、 Audit opinion
We have audited the financial statements of Bringspring Science And Technology Co.Ltd(300290) (hereinafter referred to as Bringspring Science And Technology Co.Ltd(300290) ), 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 provisions of the accounting standards for business enterprises in all material aspects and fairly reflect the financial position of Bringspring Science And Technology Co.Ltd(300290) the consolidated and parent company as of December 31, 2021 and the operating results and cash flow of the consolidated and parent company 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 Bringspring Science And Technology Co.Ltd(300290) , 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、 Highlight matters
We remind users of financial statements to pay attention, such as note x, (V) 4 (2) As stated in note XII and (Ⅱ) 4, as of December 31, 2021, the amount of Bringspring Science And Technology Co.Ltd(300290) illegal guarantee contract was 255829700 yuan (principal) and interest. Due to the debtor's failure to repay in time, the creditor successively applied to the court for freezing Bringspring Science And Technology Co.Ltd(300290) bank account. On December 31, 2021, the frozen fund balance of the account was 13512300 yuan, and the relevant estimated liabilities were confirmed to be 499700 yuan, Bringspring Science And Technology Co.Ltd(300290) there are defects in the internal control related to this matter. As of April 27, 2022, the guarantee liability of 2406297 million yuan (principal) and interest has not been relieved, and the account funds of 396466 million yuan are still frozen. The contents of this paragraph will not affect the issued audit opinions.
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. 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.
(I) expected credit loss of accounts receivable
1. Event description
See notes III (IX) to the financial statements and notes V (III) to the financial statements. As of December 31, 2021, the balance of Bringspring Science And Technology Co.Ltd(300290) accounts receivable is 608105700 yuan, the balance of bad debt provision is 141591500 yuan, and the book value of accounts receivable is 466514200 yuan. Due to the high book balance of accounts receivable, which has a significant impact on the financial statements, the provision of expected credit loss involves the professional judgment of the management. Therefore, we determine the expected credit loss of accounts receivable as a key audit event.
2. Audit response
The relevant procedures we implement for the expected credit loss of accounts receivable include:
(1) Evaluate and test the internal control of the management to review, evaluate and determine the expected credit loss of receivables.
(2) Review the rationality of accounting policies and accounting estimates for the provision of expected credit losses of accounts receivable.
(3) The management reviews the expected cash flow of individual accounts receivable and judges the basis for the expected recoverable loss of individual accounts receivable.
(4) Obtain the data and relevant information on which the management confirms the expected loss rate, and evaluate its appropriateness and sufficiency.
(5) For accounts receivable with expected credit loss withdrawn according to the combination of credit risk characteristics, evaluate the rationality of expected credit loss withdrawal in combination with credit risk characteristics and aging analysis.
(6) Select samples to implement the letter confirmation procedure for the balance of accounts receivable with significant amount, and check the letter confirmation results with the amount recorded in the book of the company.
(7) Implement the interview procedure and check the payment collection after the period, and evaluate the rationality of the management's provision for bad debt reserves.
(8) Query the information related to the development of the debtor or its industry through public channels to identify whether there are situations that affect the evaluation results of expected credit loss of accounts receivable.
(II) impairment of goodwill
1. Event description
See notes V and XX to the financial statements. As of December 31, 2021, the original book value of goodwill in Bringspring Science And Technology Co.Ltd(300290) consolidated financial statements is 467158700 yuan, the corresponding balance of impairment provision is 126125 million yuan, and the net value of goodwill is 3410337 million yuan.
The management shall conduct impairment test on goodwill at the end of each year and adjust the book value of goodwill according to the results of impairment test. Since the results of goodwill impairment test largely depend on the estimates and assumptions made by the management, and the management needs to make significant judgments, we determine the impairment of goodwill as a key audit event.
2. Audit response
Our procedures for impairment of goodwill include:
(1) Understand and evaluate the effectiveness of management's key internal control design and operation related to goodwill impairment.
(2) Evaluate the competence, professional quality and objectivity of external valuation experts appointed by the management. (3) Review and evaluate the calculation model, applicable purpose and method of the present value of future cash flow adopted by the management and the third-party valuation institution appointed by the management.
(4) Evaluate the important assumptions and major judgments adopted in the future cash flow forecast of the asset group where the goodwill is located prepared by the management, as well as the basis for determining the key parameters such as income growth rate in the forecast period, growth rate in the stable period, gross profit margin and discount rate used in the calculation of the present value of future cash flow, compare and analyze with the historical data and industry data of the asset group in previous years, and combine the market trend of relevant businesses, Evaluate its rationality.
(5) The calculation of the present value of the estimated future cash flow was reviewed.
(III) recognition of main business income
1. Event description
Bringspring Science And Technology Co.Ltd(300290) is mainly engaged in software development and system integration business. See notes III (XXV) to financial statements and notes V (XLV) to financial statements. In 2021, the company's main business income was 816340100 yuan. Whether the recognition of main business income is appropriate has a great impact on Bringspring Science And Technology Co.Ltd(300290) operating results. Therefore, we regard the recognition of main business income as a key audit matter.
2. Audit response
The relevant procedures for the recognition of main business income include:
(1) Understand and evaluate the effectiveness of key internal control design related to main business revenue recognition, and test the effectiveness of key internal control operation.
(2) Implement analysis and review procedures for main business income to judge the rationality of fluctuations in main business income and gross profit margin.
(3) Obtain the sales list of this year, select samples, check the sales contract, invoice and acceptance form, and evaluate whether the relevant revenue recognition complies with the accounting policy of Bringspring Science And Technology Co.Ltd(300290) .
(4) Implement letter of confirmation and alternative test procedures for the sales of important customers to judge the authenticity of sales revenue.
(5) Select the revenue transaction samples recorded before and after the balance sheet date, check the acceptance certificate and other supporting documents, and perform the revenue cut-off test to evaluate whether the sales revenue is recorded in the appropriate accounting period. 5、 Other information
Bringspring Science And Technology Co.Ltd(300290) Management (hereinafter referred to as management) is responsible for other information. Other information includes the information covered in 3 Dongguan Mentech Optical & Magnetic Co.Ltd(002902) 021 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.
6、 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 going concern ability of Bringspring Science And Technology Co.Ltd(300290) and disclosing the matters related to going concern (if applicable), and applying the going concern assumption, unless the management plans to liquidate Bringspring Science And Technology Co.Ltd(300290) , terminate the operation or has no other realistic choice.
Bringspring Science And Technology Co.Ltd(300290) governance layer (hereinafter referred to as governance layer) is responsible for supervising the financial reporting process of Bringspring Science And Technology Co.Ltd(300290) . 7、 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. The risk of fraud, collusion or failure to control may be higher than that caused by the discovery of material misstatement or fraud.
(2) Understand the internal control related to audit in order to design appropriate audit procedures, but the purpose is not to express an opinion on the effectiveness of internal control.
(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 Bringspring Science And Technology Co.Ltd(300290) going concern ability. 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 Bringspring Science And Technology Co.Ltd(300290) 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 Bringspring Science And Technology Co.Ltd(300290) to express an audit opinion on the 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, which is the signature and seal page of Bringspring Science And Technology Co.Ltd(300290) Rong Cheng Shen Zi [2022] No. 110z0065 report.)
Rongcheng certified public accountants China Certified Public Accountant: Wang Yifei
(special general partnership)
