Workflow
百达精工: 天健会计师事务所(特殊普通合伙)关于浙江百达精工股份有限公司2024年年度报告的信息披露监管问询函的专项说明

Group 1: Project Investment and Construction Progress - As of the end of the reporting period, the company's construction in progress amounted to 663 million yuan, accounting for approximately 50% of net assets [1] - The company has initiated a significant project, the 4.5GW TOPCON solar cell project, with an estimated investment of 1.331 billion yuan, which is currently 62% complete [1] - Due to slower-than-expected project advancement, the company has recognized a construction in progress impairment provision of 72.2423 million yuan [1] Group 2: Financial Performance and Future Projections - The company plans to invest in a total of 13.5GW of TOPCON solar cell production capacity, with the first phase targeting 4.5GW [5] - The company has completed investments for 3GW of the TOPCON solar cell production line, which is expected to undergo full debugging in 2024 [5] - The solar cell market has experienced significant price declines, leading the company to pause the remaining 1.5GW of investment and slow down project progress [5] Group 3: Supplier Transactions and Financial Integrity - The company has provided a list of the top ten suppliers for construction projects, ensuring that transactions are based on genuine commercial relationships without any financial flows to controlling shareholders or related parties [4] - The total transaction amount with these suppliers over the past two years is approximately 675.256 million yuan, with no evidence of funds being diverted to related parties [4] Group 4: Impairment Testing and Accounting Compliance - The company has conducted impairment testing for its construction in progress, following the relevant accounting standards, due to the significant downturn in the solar cell market [6] - The impairment assessment was based on future cash flow projections, with an estimated recoverable value determined through discounted cash flow analysis [6]