湖南发展: 湖南湘投沅陵高滩发电有限责任公司审计报告

Audit Report - The audit opinion states that the financial statements of Hunan Xiangtou Yuanling Gaotan Power Co., Ltd. fairly reflect the financial position as of December 31, 2023, December 31, 2024, and March 31, 2025, as well as the operating results and cash flows for the years 2023, 2024, and the first three months of 2025 [2][3]. Financial Statements Balance Sheet - The company’s fixed assets as of December 31, 2023, December 31, 2024, and March 31, 2025, amounted to RMB 12,009.43 million, representing 57.60%, 59.86%, and 57.64% of total assets, respectively [4]. Income Statement - The company’s operating revenue primarily comes from electricity sales, with significant inherent risks related to revenue recognition due to management's potential for inappropriate revenue recognition to meet specific targets [3][4]. Cash Flow Statement - The cash flow statement reflects the company's liquidity and operational efficiency, although specific figures are not detailed in the provided text [6]. Statement of Changes in Equity - The company’s equity changes include capital contributions and retained earnings adjustments, with a total equity of RMB 124,477.859 million as of the latest reporting period [6]. Key Audit Matters Revenue Recognition - Revenue recognition is identified as a key audit matter due to the significant risk of misstatement in operating revenue, which is crucial for performance metrics [3][4]. Fixed Assets - Fixed assets are also a key audit matter due to their substantial investment scale and long return periods, making verification of existence and ownership challenging [4][5]. 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 misstatement due to fraud or error [5][6]. Company Overview - Hunan Xiangtou Yuanling Gaotan Power Co., Ltd. was established on April 7, 2000, and is primarily engaged in hydropower generation [6][7]. The company operates under the continuous operation assumption, with no significant doubts regarding its ability to continue as a going concern [6][7].