Zhongtai Securities(SH:600918) Zheng Quan Zhi Xing·2025-05-28 11:03Audit Opinion - The audit report states that the financial statements of Zhongtai Securities 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]. Basis for Audit Opinion - The audit was conducted in accordance with Chinese CPA auditing standards, ensuring independence and adherence to professional ethics [2][3]. Key Audit Matters - Assessment of Impairment for Financial Assets: As of December 31, 2024, the total book value of financial assets subject to impairment assessment was CNY 79.747 billion, representing 35.49% of total assets, with recognized impairment provisions totaling CNY 2.410 billion [2][3]. - Fair Value Assessment of Financial Instruments: The total amount of financial assets measured at fair value was CNY 72.317 billion, with significant inputs for level three financial instruments requiring substantial management estimates [3][4]. - Determination of Consolidation Scope for Structured Entities: The total assets of structured entities included in the consolidation scope amounted to CNY 11.226 billion, accounting for 5.00% of the consolidated financial statements [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 [6][7]. Management and Governance Responsibilities - Management is tasked with preparing financial statements that fairly reflect the company's financial position and maintaining necessary internal controls to prevent material misstatements [7][8]. Auditor 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, and to issue an audit report that includes an opinion [8][9].