一元宇宙(01616) - 2025 - 年度业绩

Audit Issue Background and Overview The company's auditor issued a qualified opinion on its financial statements due to insufficient audit evidence for revenue and profit from Chinese entities Auditor's Qualified Opinion Dahua Ma Shi Yun, the auditor, issued a qualified opinion on the company's 2023 and 2024 annual reports due to insufficient audit evidence for Chinese entities' revenue and profit, raising doubts about current tax payables and income tax expenses - The auditor, Dahua Ma Shi Yun, issued a qualified opinion on the company's 2023 and 2024 annual financial reports due to insufficient audit evidence for revenue and profit from Chinese entities[2] Affected Financial Items by Qualified Opinion (RMB) | Item | Year Ended December 31, 2024 | Year Ended December 31, 2023 | | :--- | :--- | :--- | | Current Tax Payables | 11.3 Million | 13.3 Million | | Income Tax Expense | Zero | Zero | - This audit issue was initially raised by Dahua Ma Shi Yun in the company's report for the year ended December 31, 2021[5] Company's Response and Progress The company is implementing a phased action plan to resolve audit issues, primarily by divesting the last affected Chinese entity by the end of 2025 Action Plan The company is executing a phased action plan to resolve audit issues, with a core strategy to sell the last affected Chinese entity by the end of 2025 to reduce current tax payables to zero - The company plans to sell the last affected Chinese entity by December 31, 2025, to fully resolve current tax payables and income tax issues[3] - To facilitate the equity sale, the company established a new subsidiary in December 2024 to take over the core business of the Chinese entity[3] - As of the announcement date, the company is in discussions with two potential investors regarding the sale of the Chinese entity[4] Measures Taken and Progress The company has made significant progress in resolving audit issues through divestitures, tax settlements, and enhanced internal controls, substantially reducing current tax payables Trend of Decreasing Current Tax Payables (RMB) | Time Point | Amount | | :--- | :--- | | In 2021 Annual Report | Approximately 39.5 Million | | In 2024 Annual Report | 11.3 Million | | As of June 30, 2025 | Approximately 3.2 Million | | Target (End of 2025) | Zero | - Specific measures taken by the company include: - Selling two Chinese entities in 2024, reducing tax by RMB 1.1 million - Settling supplementary tax payments of RMB 7.3 million as required by tax authorities - Selling another Chinese entity in June 2025, reducing tax by RMB 1.7 million[7] - The company has strengthened internal controls, established alternative roles for key financial positions, and maintains financial data in both electronic and paper forms to prevent data loss[7] Root Cause of Audit Issues The audit issues stem from incomplete handover after a former finance staff's resignation and subsequent COVID-19 restrictions, preventing the provision of complete profit data for Chinese entities from 2015-2019 - The root cause is the inability to provide Dahua Ma Shi Yun with complete records and the full calculation logic for the profit data of the relevant Chinese entities from 2015 to 2019[6] - Key reasons include incomplete handover after the resignation of financial personnel and restrictions due to COVID-19 prevention and control measures after Dahua Ma Shi Yun's appointment[6] - The company's attempts to contact former financial personnel and seek support from previous auditors were unsuccessful, thus preventing the provision of further supporting documents[8] Audit Committee and New Auditor's Opinion The company has appointed a new auditor, and both the Audit Committee and the new auditor believe the action plan to resolve audit issues is effective and will be completed by year-end 2025 Auditor Change and Opinion The company appointed Quan On (Hong Kong) CPA Limited as its new auditor, with both the Audit Committee and the new auditor affirming the effectiveness of the company's action plan to resolve audit issues - Dahua Ma Shi Yun has resigned, and Quan On (Hong Kong) CPA Limited ("Quan On") has been appointed as the new auditor, effective June 18, 2025[9] - Both the Audit Committee and the new auditor, Quan On, consider the company's action plan to be effective[9] - The company expects to reduce current tax payables to zero by December 31, 2025, based on the implementation of the action plan[9]