Financial Report Summary - The audit opinion states that the financial statements of Suzhou Ruikeda Connector System Co., Ltd. (hereinafter referred to as Ruikeda) fairly reflect its financial position as of December 31, 2022, and its operating results for the year 2022 in accordance with accounting standards [2][3] - The total operating revenue for Ruikeda in 2022 was CNY 1,625,142,065.22, highlighting the significance of revenue recognition in the financial statements [3][4] - Key audit matters identified include revenue recognition and the provision for bad debts on accounts receivable, both of which are critical due to their impact on the financial statements [4][5] Revenue Recognition - Ruikeda's primary business involves the research, design, production, and sales of optoelectronic connectors, with revenue recognition being a key performance indicator [3][4] - The audit procedures for revenue recognition included evaluating internal controls, analyzing sales contracts, and confirming transactions with major customers [3][4] Provision for Bad Debts - The assessment of the recoverability of accounts receivable involves significant management estimates and judgments, making it a critical audit matter [4][5] - Audit procedures included testing internal controls related to accounts receivable management, evaluating management's estimates, and analyzing the aging of accounts receivable [4][5] Company Overview - Ruikeda was established on June 5, 2014, and is headquartered in Suzhou, Jiangsu Province, with a registered capital of CNY 113,157,052 as of December 31, 2022 [8][9] - The company is engaged in the research, production, and sales of electronic components, optoelectronic connectors, sensors, and related technologies [8][9] Financial Reporting Basis - The financial statements are prepared on a going concern basis, with no identified issues affecting the company's ability to continue operations [11][12] - The company adheres to the accounting policies and estimates as per the applicable accounting standards, ensuring the financial statements reflect a true and complete picture of its financial status [11][12]
瑞可达: 容诚会计师事务所(特殊普通合伙)关于苏州瑞可达连接系统股份有限公司向不特定对象发行可转换公司债券的审计报告及财务报表