Original(SH:603991) Zheng Quan Zhi Xing·2025-05-29 15:23Core Viewpoint - The financial statements of Jiaxing Jingyao Enterprise Management Partnership (Limited Partnership) reflect the company's adherence to the accounting standards set by the Ministry of Finance of the People's Republic of China, ensuring a true and complete representation of its financial position and performance as of December 31, 2024, and December 31, 2023 [1][4]. Financial Reporting Basis - The company prepares its financial statements based on the going concern assumption, with no significant doubts regarding its ability to continue operations for the next 12 months from December 31, 2024 [1]. - The accounting records are maintained on an accrual basis, with historical cost as the primary measurement basis, except for certain financial instruments measured at fair value [1][4]. Fair Value Measurement - Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date [2]. - Fair value inputs are categorized into three levels based on their observability: Level 1 (quoted prices in active markets), Level 2 (observable inputs other than quoted prices), and Level 3 (unobservable inputs) [3]. Important Accounting Policies - The company recognizes financial assets and liabilities at fair value upon initial recognition, with subsequent measurement based on their classification [5][6]. - Financial assets are classified as either measured at amortized cost or at fair value through profit or loss, depending on the business model and contractual cash flow characteristics [6][8]. Financial Performance - As of December 31, 2024, the company reported a total capital of RMB 602,739,820, an increase from RMB 589,941,000 as of December 31, 2023, indicating a growth in partner equity [22][26]. - The company incurred a net loss of RMB 5,903,978.18 for the year, leading to an accumulated loss of RMB 23,799,852.87 by the end of 2024 [26][27]. Management Fees and Expenses - The annual management fee is calculated at 0.2% of the total capital contributed by limited partners, while the advisory fee is set at 0.8% [20]. - Total management and advisory fees for the reporting period amounted to RMB 5,899,410 [22][26]. Taxation - The company is classified as a small-scale taxpayer, subject to a 3% VAT rate, along with other applicable local taxes [21].