BGRIMMTEC(SH:600980) Zheng Quan Zhi Xing·2025-03-31 11:34Group 1 - The audit report indicates that the financial statements of Beikong Technology Co., Ltd. fairly reflect its financial position as of December 31, 2024, and its operating results for the year 2024 [2][3] - The company's total revenue for 2024 was RMB 1,187.97 million, with mining equipment sales contributing RMB 904.37 million (76.13%) and magnetic materials sales contributing RMB 282.09 million (23.75%) [3][4] - The audit identified key audit matters, including revenue recognition and impairment of accounts receivable and contract assets, due to their significance and the inherent risks associated with management's estimates [4][5] Group 2 - As of December 31, 2024, the company's accounts receivable amounted to RMB 76,240.90 million, with contract assets at RMB 76.04 million and an impairment provision of RMB 3.84 million [5][6] - The company follows specific accounting policies for revenue recognition, inventory, fixed asset depreciation, and impairment of financial instruments, ensuring compliance with accounting standards [10][12] - The company operates in the specialized equipment manufacturing industry, focusing on the research, development, production, and sales of mining equipment and magnetic materials [10][11]