Zheng Quan Zhi Xing·2025-03-25 13:33Core Viewpoint - The company has engaged Deloitte Huayong as its domestic audit firm and Deloitte Hong Kong as its overseas audit firm for the 2024 fiscal year, evaluating their compliance and effectiveness in fulfilling their duties [1][2]. Qualification Conditions - Deloitte Huayong has been operating since 1993 and was transformed into a special general partnership in 2012, with a registered address in Shanghai [1]. - Deloitte Huayong holds a practicing certificate approved by the Ministry of Finance and is authorized to conduct audits for H-share companies [2]. - The firm reported a total audited business income of RMB 4.1 billion in 2023, with audit service income of RMB 3.2 billion and securities service income of RMB 600 million [2]. Professional Record - Key partners and signing accountants have extensive experience, with the project partner Yang Juleng having over 16 years in audit services and the signing accountant Sun Weiqin having over 12 years [3][4]. - Deloitte Hong Kong has been registered as a public interest entity auditor since October 2019 and has obtained a temporary audit business license for mainland China [3]. Quality Management Level - Deloitte Huayong has established a comprehensive quality management system to ensure compliance with legal and professional standards [6][7]. - The firm implements a partner-led audit delivery model to enhance audit quality and has a clear mechanism for resolving disagreements among team members [7][8]. Work Plan - The audit plan for the year was comprehensive and operationally strong, focusing on key areas such as revenue recognition and asset impairment [10]. - Deloitte Huayong and Deloitte Hong Kong effectively communicated with the audit committee and completed all tasks on time [10]. Human and Other Resource Allocation - A dedicated audit team with extensive experience in the biopharmaceutical industry was assigned, ensuring that all team members hold relevant professional qualifications [10][11]. Information Security Management - The company has set specific clauses in the contract regarding information security responsibilities and has obtained ISO27001 certification for its information security management system [11]. Risk Bearing Capacity Level - Deloitte Huayong has a professional liability insurance coverage exceeding RMB 200 million, meeting regulatory requirements [11].