锦江酒店: 锦江酒店：2024年度财务报表及审计报告

Core Opinion - KPMG Huazhen LLP issued an audit report for Shanghai Jin Jiang International Hotel Co., Ltd, concluding that the financial statements fairly reflect the company's financial position and operating results for the year ending December 31, 2024, in accordance with the Chinese accounting standards [1][2]. Audit Opinion - The audit opinion states that the financial statements are prepared in accordance with the Ministry of Finance's accounting standards and provide a true and fair view of the company's financial status as of December 31, 2024 [1][2]. Key Audit Matters - The key audit matter identified is the impairment of goodwill and indefinite-lived intangible assets, with a recorded goodwill value of RMB 6,059,106,205.67 [1][2]. - The audit procedures included evaluating internal controls related to the impairment assessment, assessing management's identification of asset groups, and comparing the carrying amount of asset groups with their recoverable amounts [1][2]. - Management's estimates regarding future cash flows and key assumptions such as revenue growth rates and discount rates were critically evaluated [1][2]. Other Information - Management is responsible for other information included in the annual report, which is not covered by the audit opinion [3]. - The auditors have no significant inconsistencies to report regarding the other information in relation to the financial statements [3]. Management and Governance Responsibilities - Management is responsible for preparing financial statements that reflect a true and fair view and for maintaining necessary internal controls to prevent material misstatements due to fraud or error [3][4]. - The governance body oversees the financial reporting process [3][4]. Company Overview - Shanghai Jin Jiang International Hotel Co., Ltd was established on June 9, 1993, and is primarily engaged in full-service and limited-service hotel operations and management, as well as food and beverage services [5][6]. - The company is listed on the Shanghai Stock Exchange and has undergone several capital increases and stock issuances since its establishment [5][6][7].