悍高集团: 公司财务报表及审阅报告（2025年1月-3月）

Core Viewpoint - The financial statements of Hanhigh Group Co., Ltd. have been reviewed, and no significant misstatements were found, indicating that the financial reports fairly reflect the company's financial position, operating results, and cash flows in accordance with accounting standards [3][4]. Company Overview - Hanhigh Group Co., Ltd. is a joint-stock company registered in Shunde District, Foshan City, with a registered capital of RMB 360 million [3][11]. - The company was originally established as a limited liability company in September 2004 and has undergone several capital increases and structural changes, ultimately becoming a joint-stock company [3][5][8]. Financial Statements - The reviewed financial statements include the consolidated and parent company balance sheets as of March 31, 2025, and the consolidated and parent company income statements, cash flow statements, and changes in equity for the first quarter of 2025 [3][11]. - The company has included all subsidiaries in its consolidated financial statements, with a total of 12 subsidiaries accounted for in the current reporting period [11]. Accounting Policies - The financial statements are prepared based on the accrual basis of accounting, following the accounting standards issued by the Ministry of Finance [11][12]. - The company adopts specific accounting policies and estimates that reflect its operational characteristics, including methods for bad debt provision, inventory valuation, and revenue recognition [12][13]. Capital Structure - The company's capital structure has evolved through multiple rounds of capital increases, with significant contributions from various stakeholders, including Hanhigh Management and other investment partners [5][9][10]. - As of the latest capital increase, the registered capital stands at RMB 36 million, with Hanhigh Management holding 71.81% of the shares [10][11].