KEBODA(SH:603786) Zheng Quan Zhi Xing·2025-09-04 09:11Audit Opinion - The financial statements of Shanghai KBD Intelligent Technology Co., Ltd. have been audited and are believed to fairly reflect the company's financial position as of July 31, 2025, in accordance with accounting standards [1][2]. Management and Governance Responsibilities - The management is responsible for preparing the financial statements in accordance with accounting standards and ensuring that they are free from material misstatements due to fraud or error [2][3]. - The governance layer is responsible for overseeing the financial reporting process [2]. Auditor's Responsibilities - The auditor's goal is to obtain reasonable assurance that the financial statements are free from material misstatement, whether due to fraud or error [3][4]. - The auditor assesses risks of material misstatement and designs audit procedures to address these risks [3][4]. Financial Reporting Basis - The company has prepared its financial statements based on the assumption of going concern and has assessed that there are no significant doubts regarding its ability to continue as a going concern for the next 12 months [5]. Company Overview - Shanghai KBD Intelligent Technology Co., Ltd. was established on October 17, 2022, and is located in Shanghai, China. Its business scope includes technology services, electronic product sales, software development, and various other technical and sales activities [5]. Financial Statement Preparation - The financial statements are prepared in accordance with the "Basic Accounting Standards for Enterprises" and other relevant accounting standards, reflecting the company's financial status, operating results, changes in equity, and cash flows [5][6]. Consolidation and Reporting - The consolidated financial statements include the company and its subsidiaries, with the consolidation scope determined based on control [6][7]. - The company offsets unrealized internal transaction profits in the consolidated financial statements [6][7]. Financial Instruments - The company recognizes financial assets and liabilities upon entering into financial contracts and classifies them based on the business model and cash flow characteristics [11][12]. - Financial assets are classified into categories such as amortized cost, fair value through other comprehensive income, and fair value through profit or loss [11][12]. Credit Losses - The company assesses expected credit losses for financial assets and recognizes loss provisions based on the credit risk of financial instruments [15][18]. - The credit loss is determined based on the present value of the difference between the cash flows expected to be received and those contractually due [18].