湖南发展: 湖南新邵筱溪水电开发有限责任公司审计报告

Audit Opinion - The audit report states that the financial statements of Hunan Xinshao Xiaoxi Hydropower Development Co., Ltd. fairly reflect its financial position as of December 31, 2023, December 31, 2024, and March 31, 2025, as well as its operating results and cash flows for the years 2023, 2024, and the first three months of 2025 [2][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 to meet specific targets. The company’s revenue primarily comes from electricity sales [3][4] - The audit procedures for revenue recognition include understanding key internal controls, checking sales contracts, analyzing monthly revenue and gross profit fluctuations, and performing cutoff tests to ensure revenue is recognized in the appropriate period [3][4] Fixed Assets - Fixed assets represent a significant portion of the company's total assets, accounting for 96.15%, 96.35%, and 94.96% of total assets as of December 31, 2023, December 31, 2024, and March 31, 2025, respectively. The verification of existence and ownership of fixed assets is challenging, making it a key audit matter [4] - Audit procedures for fixed assets include evaluating internal controls, obtaining supporting documents for large fixed asset purchases, and conducting physical inspections of significant fixed assets [4] Management Responsibilities - The management is responsible for preparing financial statements in accordance with accounting standards and ensuring that the financial statements are free from material misstatements due to fraud or error. They must also assess the company's ability to continue as a going concern [5][6] Financial Reporting - The financial statements are prepared based on the going concern assumption, and the company has no significant doubts regarding its ability to continue operating for the next 12 months [9] - The company adheres to accounting standards and ensures that its financial statements provide a true and complete reflection of its financial status, operating results, and cash flows [9][10] Important Accounting Policies - The company has established specific accounting policies and estimates for various transactions, including revenue recognition, fixed asset depreciation, and impairment of financial instruments [9][10] - The company uses the weighted average method for inventory valuation and recognizes inventory impairment when the cost exceeds the net realizable value [24][25] Financial Instruments - Financial assets are classified into categories based on their measurement basis, including those measured at amortized cost and those measured at fair value. The company assesses expected credit losses for financial assets and recognizes impairment losses accordingly [19][20][21]