快意电梯: 2024年年度审计报告

Audit Opinion - The audit report states that the financial statements of Kuaiji Elevator Co., Ltd. fairly reflect the company's financial position as of December 31, 2024, and its operational results for the year 2024 in accordance with accounting standards [1]. Key Audit Matters Inventory Valuation - As of December 31, 2024, the company's inventory balance was CNY 265.48 million, with a provision for inventory impairment of CNY 5.25 million, resulting in a net inventory value of CNY 260.22 million. The accuracy of inventory valuation is critical to the financial statements [1]. - The audit procedures included evaluating internal controls related to inventory, testing cost allocation, and verifying the valuation methods used for inventory [1]. Revenue Recognition - The company reported operating revenue of CNY 1.58 billion for 2024, a decrease of 4.93% compared to the previous year. The revenue recognition process is identified as a key audit matter due to the inherent risk of management manipulating revenue recognition to meet targets [2][4]. - The audit involved testing internal controls over sales and collections, reviewing sales contracts, and performing substantive analytical procedures to ensure the accuracy of revenue recognition [4]. Company Overview - Kuaiji Elevator Co., Ltd. is based in Dongguan, Guangdong Province, and specializes in the production, installation, maintenance, and renovation of elevators. The company was established in 1998 and transitioned to a joint-stock company in 2012, with its shares listed on the Shenzhen Stock Exchange in 2017 [9][10]. Financial Reporting Basis - The financial statements are prepared on a going concern basis, following the accounting standards set by the Ministry of Finance. The company has no doubts regarding its ability to continue as a going concern for the next 12 months [9][10]. Key Accounting Policies - The company follows the enterprise accounting standards, ensuring that the financial statements provide a true and complete reflection of its financial position as of December 31, 2024 [9][10]. - The company uses the weighted average method for inventory cost determination and recognizes inventory at the lower of cost or net realizable value [23]. Revenue and Cost Management - The company employs a direct sales and distribution model for its elevator products, which are customized for specific clients. This model influences the timing of revenue recognition [2][4]. - The company has implemented internal controls to manage sales pricing and customer credit assessments, ensuring the appropriateness of revenue recognition policies [4].