HJHS(SH:603616) Zheng Quan Zhi Xing·2025-06-24 17:48Core Viewpoint - The audit report for Beijing Hanjian Heshan Pipe Industry Co., Ltd. for the fiscal year 2024 includes an unqualified opinion with an emphasis of matter paragraph, highlighting significant financial losses and a legal dispute affecting revenue recognition [1][2][3]. Group 1: Audit Opinion - The audit report issued on April 29, 2025, presents an unqualified opinion with an emphasis of matter for the financial statements of Hanjian Heshan Company for the year ending December 31, 2024 [1]. - The overall materiality level for the consolidated financial statements was calculated at CNY 3,933,432.22, based on a revenue benchmark of CNY 786,686,444.44 and a 0.5% threshold [2]. Group 2: Emphasis of Matter - The emphasis of matter relates to a legal dispute involving a subsidiary, Qinhuangdao Qingqing Environmental Protection Equipment Co., Ltd., which lost a court case regarding an environmental project in Guangxi, leading to adjustments in revenue and related accounts [3][4]. - The adjustments will affect accounts receivable, inventory, deferred tax assets, and contract liabilities, but do not alter the audit opinion [3][4]. Group 3: Regulatory Compliance - The report complies with the Chinese Certified Public Accountant Auditing Standards and relevant regulations from the China Securities Regulatory Commission and the Shanghai Stock Exchange [2]. - The emphasis of matter is deemed crucial for users' understanding of the financial statements, even though it has been disclosed in the financial notes [4].