碧兴物联: 2024年审计报告

Company Overview - Bixing IoT Technology (Shenzhen) Co., Ltd. was registered on January 18, 2012, and listed on the Shanghai Stock Exchange in August 2023 [1] - The company operates in the instrument manufacturing industry, with a total issued share capital of 78.5189 million shares and a registered capital of 78.5189 million yuan as of December 31, 2024 [1] - The main business activities include software product development and sales, computer information system integration, sales of chemical products, instruments, communication equipment, and various consulting services related to water resources and smart water systems [1] Financial Reporting Basis - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance and relevant regulations [2] - The financial statements are based on the assumption of going concern [2] Accounting Policies and Estimates - The financial statements reflect the true financial position and operating results of the company as of December 31, 2024 [3] - The accounting period is from January 1 to December 31, with a business cycle of 12 months [3] - The company uses Renminbi as its functional currency [3] Consolidation and Mergers - The company consolidates financial statements based on control, including all subsidiaries [3][4] - For mergers under common control, the assets and liabilities are measured at the carrying amount of the acquired entity [2][4] - For mergers not under common control, the acquisition cost is determined based on the fair value of the assets and liabilities at the acquisition date [2][5] Financial Instruments - Financial assets are classified at initial recognition as either measured at amortized cost, fair value through other comprehensive income, or fair value through profit or loss [10][12] - The company assesses expected credit losses based on historical data and future economic conditions [18][21] Inventory and Contract Assets - Inventory is classified into raw materials, finished goods, and contract fulfillment costs, measured at cost or net realizable value [11] - Contract assets are recognized based on the relationship between the fulfillment of performance obligations and customer payments [12]