东睦股份: 上海富驰高科技股份有限公司《审计报告》

Audit Opinion - The audit report states that the financial statements of Shanghai Fuchi High-Tech Co., Ltd. fairly reflect its financial position and performance as of December 31, 2023, December 31, 2024, and June 30, 2025 [2]. Financial Performance - In 2023, Shanghai Fuchi's operating revenue was approximately RMB 1,035.73 million, with MIM, liquid metal, and plastic products contributing about RMB 959.32 million, accounting for 92.62% of total revenue [3]. - For 2024, the operating revenue increased to approximately RMB 1,977.44 million, with the same product categories contributing RMB 1,889.06 million, representing 95.53% of total revenue [3]. - In the first half of 2025, the company reported operating revenue of RMB 1,035.73 million [3]. Key Audit Matters - Revenue recognition is identified as a key audit matter due to the inherent risk of management potentially using inappropriate revenue recognition practices to meet specific targets [3][4]. - Accounts receivable impairment is also a key audit matter, with accounts receivable balances of RMB 672.13 million and RMB 666.34 million as of December 31, 2023, and June 30, 2025, respectively, and provisions for bad debts of RMB 33.73 million and RMB 33.47 million [5]. Management Responsibilities - Management is responsible for preparing financial statements in accordance with accounting standards and ensuring that internal controls are designed and maintained to prevent material misstatements due to fraud or error [6]. - The governance layer is tasked with overseeing the financial reporting process of Shanghai Fuchi [6]. Accounting Policies - The financial statements are prepared based on the going concern assumption, with no significant doubts regarding the company's ability to continue operations in the next 12 months [10]. - The company follows specific accounting policies for financial instruments, inventory, fixed assets depreciation, and revenue recognition, ensuring compliance with accounting standards [10][27].