SCTE(SH:600674) Zheng Quan Zhi Xing·2025-05-14 09:25Audit Report - The audit opinion states that the financial statements of Yalong River Basin Hydropower Development Co., Ltd. fairly reflect its financial position as of December 31, 2024, and its operational results for the year 2024 in accordance with accounting standards [1][2][3] - The audit was conducted following the Chinese Certified Public Accountant auditing standards, ensuring independence and adherence to professional ethics [1][2] Financial Statements - The financial statements include consolidated and parent company balance sheets, income statements, cash flow statements, and changes in equity statements for both consolidated and parent company [1][2] - The company’s financial report was approved for release on March 31, 2025 [2] Company Overview - Yalong River Basin Hydropower Development Co., Ltd. was established in November 2012, with major shareholders including State Development & Investment Corporation and Sichuan Investment Group [2] - The company primarily operates in the hydropower sector, focusing on the development, construction, management, and sale of electricity from hydropower stations [2][3] Accounting Policies - The financial statements are prepared based on the accrual basis of accounting, with historical cost as the primary measurement basis [3] - The company follows the accounting standards issued by the Ministry of Finance, ensuring compliance and accurate reflection of its financial status [3] Capital Structure - The company has undergone several capital increases, with the registered capital reaching RMB 473 million as of the latest report [2][3] - The ownership structure includes significant stakes held by State Development & Investment Corporation and Sichuan Investment Group, reflecting a stable capital base [2] Financial Reporting - The financial report adheres to the principles of continuous operation, indicating that the company is expected to continue its operations for the foreseeable future [2][3] - The report includes detailed notes on significant accounting policies, estimates, and the basis for preparing the financial statements [3][4]