Beijing xinwoda Marine Technology Co., Ltd
audit report
Yksz (2022) No. 01210001
Asia Pacific (Group) Certified Public Accountants (special general partnership)
January 22, 2002
catalogue
Project starting page audit report 1-3 financial statements
Consolidated balance sheet 4-5 consolidated income statement 6
Consolidated cash flow statement 7
Consolidated statement of changes in owner's equity 8-9 balance sheet of parent company 10-11 profit statement of parent company 12
Cash flow statement of parent company 13
Statement of changes in owner's equity of the parent company 14-15 notes to financial statements 16-71
Audit report
Yksz (2022) No. 01210001 Maoming Petro-Chemical Shihua Co.Ltd(000637) all shareholders:
1、 Audit opinion
We have audited the financial statements of Beijing xinwoda Marine Technology Co., Ltd. (hereinafter referred to as "Beijing xinwoda"), 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 as of December 31, 2021 and 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 Beijing xinvoda 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、 Other matters
KPMG Huazhen Certified Public Accountants (special general partnership) issued an audit report numbered KPMG Huazhen Shen Zi No. 2103557 on April 30, 2021 for the consolidated balance sheet as of December 31, 2020, the consolidated income statement, the consolidated cash flow statement, the consolidated statement of changes in owner's equity and the notes to relevant financial statements in 2020.
4、 Responsibilities of management and governance for financial statements
The management of Beijing xinvoda 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 of Beijing xinvoda is responsible for evaluating the continuous operation ability of Beijing xinvoda, disclosing matters related to continuous operation and applying the assumption of continuous operation, unless the management plans to liquidate Beijing xinvoda, terminate operation or has no other realistic options.
The management is responsible for supervising the financial reporting process of Beijing xinvoda.
5、 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 in order to design appropriate audit procedures, but the purpose is not to express opinions 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 a conclusion on the appropriateness of the going concern assumption used by the management. 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 Beijing xinvoda. If we conclude that there are significant uncertainties, the auditing standards require us to draw the attention of report 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 lead to the inability of Beijing xinvoda to continue its business.
5. Evaluate the overall presentation, structure and content (including disclosure) 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 the entities or business activities of Beijing xinvoda to express an opinion on the financial statements. We are responsible for guiding, supervising and executing the group audit. We are fully responsible for the audit opinion.
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.
China certified public accountant of Asia Pacific (Group) accounting firm: Wu Yiluo
(special general partnership)
Chinese certified public accountant: Yang Wenjie
Beijing, China January 22, 2002
Consolidated balance sheet
December 31, 2021
Prepared by: Beijing xinwoda Marine Technology Co., Ltd. unit: yuan currency: RMB Technology Co., Ltd
Closing balance of project notes closing balance of last year
Current assets:
Monetary capital VI. (I) 129730363.74 87973759.67
Settlement provisions * lending funds * trading financial assets derivative financial assets notes receivable
Accounts receivable VI. (II) 4824.90 258732.72
Receivables financing
Prepayment VI. (III) 1228.78 1532340.60
Premiums receivable * reinsurance accounts receivable * reinsurance contract reserves receivable*
Other receivables VI. (IV) 679739.96 877767.33
Including: interest receivable
Dividends receivable
Purchase of resale financial assets*
Inventory VI. (V) 3800778.71 35540.85
Contract assets/
Non current assets held for sale and other current assets due within one year
Total current assets 135436936.09 94178141.17
Non current assets: loans and advances * debt investment other debt investment long-term receivables long-term equity investment other equity instruments investment other non current financial assets investment real estate
Fixed assets VI. (VI) 89047842.96 98790704.10
Construction in progress VI. (VII) 180331.60
Productive biological assets VI. (VIII) 4856504.70 6337228.02
Oil and gas assets
Right to use assets VI. (IX) 6031081.63
Intangible assets VI. (x) 487425.81 817354.70
Development expenditure goodwill
Long term deferred expenses VI. (x 3374848.77 4490740.34 I)
deferred tax assets
Other non current assets VI. (x 1000000.00 143808.29 II)
Total non current assets 104978035.47 111874035.45
Total assets 240414971.56 206052176.62
Consolidated balance sheet (Continued)
December 31, 2021
Prepared by: Beijing xinwoda Marine Technology Co., Ltd. unit: yuan currency: RMB company
Closing balance of project notes closing balance of last year
Current liabilities: short-term borrowings from the central government
