BENEFO(SH:600468) Zheng Quan Zhi Xing·2025-07-15 09:14Core Opinion - The audit report for Tianjin Baili Technology Development Co., Ltd. indicates that the financial statements for the year ending December 31, 2024, fairly represent the company's financial position and operating results in accordance with accounting standards [1][2]. Financial Statements Summary Audit Opinion - The audit firm believes that the financial statements are prepared in accordance with the accounting standards and fairly reflect the financial status and results of operations for the year [1]. Balance Sheet - As of December 31, 2024, total assets amount to 20,946,554.84 RMB, a significant decrease from 72,207,414.66 RMB in 2023, indicating a reduction of approximately 71% [2][3]. - Current assets total 20,853,696.65 RMB, down from 38,271,606.30 RMB in 2023, reflecting a decrease of about 45% [2]. - Non-current assets are reported at 92,858.19 RMB, a decrease from 33,935,808.36 RMB in 2023 [2]. Income Statement - The company reported a net loss of 460,148.26 RMB for 2024, compared to a net loss of 2,872,571.81 RMB in 2023, showing an improvement in loss by approximately 84% [3]. - Operating profit (loss) for 2024 is -459,012.01 RMB, an improvement from -2,867,271.81 RMB in the previous year [3]. Cash Flow Statement - The net cash flow from operating activities for 2024 is -880,952.50 RMB, compared to -2,847,276.96 RMB in 2023, indicating a reduction in cash outflow [4]. - The cash and cash equivalents at the end of 2024 are 20,779,908.86 RMB, an increase from 18,141,097.28 RMB at the end of 2023 [4]. Changes in Equity - The total equity at the end of 2024 is 20,876,456.15 RMB, down from 72,206,922.66 RMB in 2023, reflecting a decrease of approximately 71% [3][5]. - The company reported a comprehensive income total of 18,669,533.49 RMB for 2024, compared to a loss of 2,872,571.81 RMB in 2023 [3]. Company Overview - Tianjin Baili Technology Development Co., Ltd. is a limited liability company established on February 16, 1994, with a registered capital of 10.5223 million RMB [5]. - The company operates in technology services, consulting, and sales of electrical equipment, among other areas [5].