Enpower(SZ:300681) Zheng Quan Zhi Xing·2025-07-02 16:25Audit Opinion - The audit report states that the financial statements of Zhuhai Dingyuan New Energy Vehicle Electric Research Institute Co., Ltd. fairly reflect the financial position as of December 31, 2024, and March 31, 2025, as well as the operating results and cash flows for the year 2024 and the first quarter of 2025 [1][2]. Basis for Audit Opinion - The audit was conducted in accordance with Chinese Certified Public Accountant auditing standards, ensuring independence and adherence to professional ethics [2][3]. - Sufficient and appropriate audit evidence was obtained to support the audit opinion [2]. Management and Governance Responsibilities - The management is responsible for preparing financial statements in accordance with accounting standards and maintaining internal controls to prevent material misstatements due to fraud or error [2]. - The governance body oversees the financial reporting process [2]. 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 [2][3]. - The auditor evaluates the appropriateness of accounting policies and estimates made by management [3]. Financial Statements Overview - The financial statements include the balance sheet, income statement, cash flow statement, and changes in equity, with detailed notes provided [1][7]. - The company reported current assets of approximately 593.93 million RMB and non-current assets of approximately 91.59 million RMB as of March 31, 2025 [4][5]. Financial Performance - The company reported a net loss of approximately 196.63 million RMB for the year 2024, compared to a net loss of approximately 480.92 million RMB for the first quarter of 2025 [5][6]. - The total revenue for the year 2024 was approximately 1.43 billion RMB, with operating costs amounting to approximately 831.35 million RMB [5][6]. Cash Flow Analysis - Cash inflows from operating activities totaled approximately 11.67 million RMB, while cash outflows amounted to approximately 11.61 million RMB for the first quarter of 2025 [6][7]. - The company reported a cash balance of approximately 593.93 million RMB as of March 31, 2025 [6][7]. Company Background - Zhuhai Dingyuan New Energy Vehicle Electric Research Institute Co., Ltd. was established on November 4, 2016, and is primarily engaged in engineering and technology research, as well as the sale of new energy vehicle components [7][8].