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国信证券: 万和证券股份有限公司一年一期审阅报告

Company Overview - Wanhe Securities Co., Ltd. is a non-listed joint-stock company established on January 18, 2002, approved by the China Securities Regulatory Commission [3] - As of May 31, 2025, the registered capital of the company is RMB 2,272,997,710 [3] - The company operates in various areas including securities brokerage, proprietary trading, investment consulting, margin financing, and asset management [3] Financial Reporting - The financial statements include consolidated and parent company balance sheets as of December 31, 2024, and May 31, 2025, as well as profit and cash flow statements for the year 2024 and the first five months of 2025 [1][2] - The financial statements are prepared based on the going concern principle and are intended for the purpose of the acquisition of 96.08% of the company's shares by Guosen Securities [4] - The company confirms that there are no significant doubts regarding its ability to continue as a going concern for the next 12 months [4] Accounting Policies - The financial statements comply with the requirements of the Enterprise Accounting Standards and reflect the company's financial position, operating results, and cash flows accurately [4][5] - The company uses the Chinese Yuan as its functional currency for accounting purposes [5] - Important accounting policies include the recognition and measurement of financial instruments, revenue recognition, and the assessment of impairment for financial assets [5][12] Financial Performance - The financial statements provide insights into the company's financial condition, including assets, liabilities, and equity, as well as income and expenses over the reporting periods [1][2] - The company has established specific accounting policies for financial instruments, including impairment assessments based on expected credit losses [12][15] Corporate Structure - The parent company of Wanhe Securities is Shenzhen Capital Operation Group Co., Ltd. [3] - As of May 31, 2025, the company has two subsidiaries, 27 branches, and 22 securities business departments, employing a total of 771 staff members [3]