Core Viewpoint - Ningbo Jifeng Automotive Parts Co., Ltd. plans to reappoint Rongcheng Accounting Firm as its auditor for the fiscal year 2025, emphasizing the firm's professional competence and independence in conducting audits [1][6]. Group 1: Basic Information about the Accounting Firm - Rongcheng Accounting Firm, formerly known as Huapu Tianjian Accounting Firm, was established in August 1988 and has been engaged in securities services since its inception [1]. - As of December 31, 2024, Rongcheng has 212 partners and 1,552 registered accountants, with 781 having signed securities service audit reports [1]. Group 2: Financial Performance of the Accounting Firm - In 2023, Rongcheng's total revenue was approximately 287.22 million yuan, with audit service revenue at about 274.87 million yuan and securities and futures business revenue at approximately 149.86 million yuan [2]. - The firm audited 394 listed companies in 2023, generating total audit fees of approximately 48.84 million yuan, primarily from the manufacturing sector [2]. Group 3: Audit Service Details - The audit team for Jifeng includes partners and registered accountants with significant experience in auditing listed companies, ensuring a high level of service quality [3][4]. - The audit fees for the fiscal year 2024 are set at 2.8 million yuan for financial audits and 600,000 yuan for internal control audits, with a projected increase of no more than 20% for 2025 [5][6]. Group 4: Approval Process for Reappointment - The audit committee has reviewed and approved the reappointment of Rongcheng, confirming its professional competence and independence [6]. - The board of directors approved the reappointment during a meeting on March 28, 2025, and the decision will be effective upon shareholder approval [6].
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