中油资本: 2024年年度审计报告

Audit Opinion - The audit report states that the financial statements of China Petroleum Capital Co., Ltd. (hereinafter referred to as "CPC") fairly reflect its financial position as of December 31, 2024, and its operational results and cash flows for the year 2024 in accordance with accounting standards [1][2]. Basis for Audit Opinion - The audit was conducted in accordance with Chinese Certified Public Accountant auditing standards, ensuring independence and adherence to professional ethics [2][5]. - Sufficient and appropriate audit evidence was obtained to support the audit opinion [2]. Key Audit Matters - The total amount of loans and advances issued by CPC was RMB 369.09 billion, accounting for 38.95% of total assets, with debt investments totaling RMB 77.34 billion [2][3]. - The expected credit loss related to loans and advances and debt investments was assessed, with impairment provisions amounting to RMB 18.165 billion and RMB 18.165 billion respectively [2][3]. - The fair value measurement of financial assets, amounting to RMB 219.402 billion, was identified as a key audit matter due to the complexity of the valuation process [4][5]. - CPC managed 82 structured entities with total assets of RMB 47.777 billion, representing 4.41% of total assets, which required significant management judgment regarding consolidation [4][5]. Other Information - Management is responsible for other information included in the annual report, which does not encompass the financial statements or the audit report [4][5]. - The auditors have no significant inconsistencies to report regarding the other information in relation to the financial statements [4]. Management and Governance Responsibilities - Management is responsible for preparing financial statements that fairly reflect the company's financial position and for maintaining necessary internal controls to prevent material misstatements [5][6]. - The governance body oversees the financial reporting process [5][6]. Auditor's Responsibilities - The auditor's goal is to obtain reasonable assurance that the financial statements are free from material misstatement, whether due to fraud or error [5][6]. - The auditor evaluates the appropriateness of accounting policies and estimates made by management [5][6].