Xiwang Foodstuffs(000639) Zheng Quan Zhi Xing·2025-04-02 10:18Core Viewpoint - The report evaluates the performance of Zhongxing Caiguanghua Accounting Firm as the auditing agency for Xiwang Food Co., Ltd. for the year 2024, highlighting the firm's qualifications, audit process, and the effectiveness of internal controls [1][3][5]. Group 1: Basic Information about the Accounting Firm - Zhongxing Caiguanghua Accounting Firm was established in January 1999 and became a special partnership in November 2013, with its headquarters located in Beijing [1]. - As of December 31, 2023, the firm has 183 partners and 824 registered accountants, with 359 of them having signed securities service audit reports [1]. - The firm's unaudited business revenue for 2023 was RMB 1,102.64 million, with audit business revenue at RMB 961.56 million and securities business revenue at RMB 411.43 million [1]. Group 2: Appointment Process of the Accounting Firm - The company held its 14th Board of Directors' fifth meeting on April 25, 2024, where the proposal to reappoint Zhongxing Caiguanghua Accounting Firm was approved, and this was subsequently ratified at the 2023 annual shareholders' meeting [2]. Group 3: Audit Performance in 2024 - Zhongxing Caiguanghua Accounting Firm conducted audits on the company's financial reports and internal controls for the year ending December 31, 2024, and verified the use of funds by controlling shareholders and related parties [2][3]. - The firm issued a standard unqualified audit report, confirming that the financial statements fairly reflect the company's financial position and operational results in accordance with accounting standards [2][3]. Group 4: Supervision by the Audit Committee - The Audit Committee conducted a thorough review of the accounting firm's qualifications, business capabilities, and past audit performance, concluding that the firm is qualified to provide the necessary audit services [3][4]. - During the audit process, the committee engaged in discussions with the responsible accountants to understand the audit's progress, scope, and key risks [4]. - The committee ensured that the accounting firm adhered to professional standards and provided timely and accurate audit reports [4][5]. Group 5: Overall Evaluation - The Audit Committee emphasized that Zhongxing Caiguanghua Accounting Firm maintained an objective and fair approach during the audit, demonstrating good professional ethics and completing the audit work on time [5].