审计报告 日出东方控股股份有限公司 容诚审字[2025]215Z0180号 容诚会计师事务所(特殊普通合伙) 中国·北京 目 录 序号 内 容 页码 容诚会计师事务所（特殊普通合伙） 总所：北京市西城区阜成门外大街 22 号 审 计 报 告 TEL:010-6600 1391 FAX:010-6600 1392 E-mail:bj@rsmchina.com.cn https://www.rsm.global/china/ 容诚审字[2025]215Z0180号 日出东方控股股份有限公司全体股东： 一、审计意见 我们审计了日出东方控股股份有限公司（以下简称日出东方公司）财务报表， 包括 2024 年 12 月 31 日的合并及母公司资产负债表，2024 年度的合并及母公司利 润表、合并及母公司现金流量表、合并及母公司所有者权益变动表以及相关财务 报表附注。 我们认为，后附的财务报表在所有重大方面按照企业会计准则的规定编制， 公允反映了日出东方公司 2024 年 12 月 31 日的合并及母公司财务状况以及 2024 年度的合并及母公司经营成果和现金流量。 二、形成审计意见的基础 我们按照中国注册会计师审计准则的 ...

目 录 | 一、审计报告………………………………………………………… | | | 第 1—6 页 | | --- | --- | --- | --- | | 二、财务报表……………………………………………………… | | | 第 7—14 页 | | （一）合并及母公司资产负债表……………………………… | | | 第 7—8 页 | | （二）合并及母公司利润表……………………………………… | | | 第 9 页 | | （三）合并及母公司现金流量表………………………………… | | | 第 10 页 | | （四）合并及母公司所有者权益变动表…………………… | | 第 | 11—14 页 | | 三、财务报表附注……………………………………………… | | 第 | 15—241 页 | | 四、附件…………………………………………………………第 | | | 242—245 页 | | （一）本所营业执照复印件…………………………………… | | | 242 页 第 | | （二）本所执业证书复印件…………………………………… | | | 第 243 页 | | （三）本所签字注册会计师执业证书复印件… ...

目 录 | 一、审计报告……………………………………………………… 第 1—6 页 | | | | --- | --- | --- | | 二、财务报表……………………………………………………… 第 7—14 页 | | | | （一）合并及母公司资产负债表…………………………… 第 7—8 页 | | | | （二）合并及母公司利润表…………………………………… 第9页 | | | | （三）合并及母公司现金流量表……………………………… 第 10 页 | | | | （四）合并及母公司所有者权益变动表……………………第 11—14 页 | | | | 三、财务报表附注……………………………………………… 第 15—123 页 | | | | 四、附件…………………………………………………………第 124—127 页 | | | | （一）本所营业执照复印件…………………………………… 第 124 页 | | | | （二）本所执业证书复印件…………………………………… 第 125 页 | | | | （三）签字注册会计师《注册会计师证书》复印件……第 126—127 页 | | | | 审 告 | 计 | ...

Group 1 - The audit report indicates that the financial statements of Hainan Hailan Universe Marine Information Technology Co., Ltd. fairly reflect its financial position and performance as of December 31, 2023, December 31, 2024, and March 31, 2025 [2][3] - The company's main revenue sources include radar networking comprehensive monitoring systems, radar monitoring information services, and sales of sea surface monitoring radars, with revenues of RMB 189.30 million, RMB 260.29 million, and RMB 17.74 million for the years 2023, 2024, and the first quarter of 2025 respectively [3][4] - The company has a registered capital of RMB 121.96 million and was established on November 7, 2016, under the name Sanya Hailan Universe Marine Information Technology Co., Ltd. [13][14] Group 2 - As of December 31, 2023, the company's accounts receivable amounted to RMB 174.85 million, with a provision for bad debts of RMB 20.98 million, resulting in a net value of RMB 153.87 million [6][30] - The company employs a continuous operation basis for its financial statements, indicating no significant doubts regarding its ability to continue operations for the next 12 months [14][16] - The company has established specific accounting policies and estimates for various transactions, including revenue recognition, financial instrument impairment, and inventory valuation [14][31]

Company Overview - Hansong (Nanjing) Technology Co., Ltd. was established on August 21, 2003, and transitioned to a joint-stock company on June 1, 2022 [2] - The company operates in the computer, communication, and other electronic equipment manufacturing industry, focusing on high-performance audio products, innovative audio, and AIoT smart products [2] - The financial statements are prepared based on the assumption of going concern, with no significant doubts regarding the company's ability to continue operations in the next 12 months [2] Financial Reporting Basis - The financial statements comply with the requirements of the enterprise accounting standards, reflecting the company's financial position, operating results, and cash flows accurately [3] - The accounting period is from January 1 to December 31, with a short operating cycle defined as 12 months for asset and liability liquidity classification [3] Important Accounting Policies - The company has established specific accounting policies and estimates for financial instrument impairment, fixed asset depreciation, intangible assets, and revenue recognition [2][3] - The company uses the weighted average method for inventory valuation and applies a perpetual inventory system [27] Financial Instruments - Financial assets are classified into three categories upon initial recognition: measured at amortized cost, measured at fair value with changes recognized in other comprehensive income, and measured at fair value with changes recognized in profit or loss [7] - The company assesses expected credit losses based on the risk of default and recognizes loss provisions accordingly [15][14] Long-term Assets - Long-term assets, including fixed assets and intangible assets, are subject to impairment testing if there are indications of impairment [19][28] - Fixed assets are depreciated using the straight-line method over their useful lives, which vary by asset type [24] Research and Development Expenses - R&D expenses include salaries, direct inputs, depreciation, and amortization related to R&D activities [27] - The company capitalizes borrowing costs directly attributable to the acquisition or production of qualifying assets [25] Equity and Liabilities - The company recognizes liabilities for employee benefits and provisions for expected liabilities when it is probable that an outflow of resources will occur [30][32] - Share-based payments are accounted for based on the fair value of equity instruments granted to employees [32]

Audit Opinion - The audit report states that the financial statements of Shanghai Zijiang New Materials Technology Co., Ltd. fairly reflect its financial position as of March 31, 2025, December 31, 2024, and December 31, 2023, in accordance with accounting standards [1][2]. Key Audit Matters - Revenue recognition is identified as a key audit matter, with reported revenues of 155.35 million yuan, 623.42 million yuan, and 711.39 million yuan for the periods ending March 31, 2025, 2024, and 2023 respectively [1]. - The company’s main product is aluminum-plastic film, and there are inherent risks of management manipulating revenue recognition to meet specific targets [1]. - The audit procedures for revenue recognition included understanding internal controls, obtaining major contracts, and analyzing revenue and gross margin changes [1]. - Expected credit losses on accounts receivable are also a key audit matter, with balances of 306,580,745.47 yuan and 306,580,745.47 yuan as of March 31, 2025, and December 31, 2024 respectively [1]. - The management's assessment of expected credit losses involves significant judgment, and the audit procedures included evaluating the appropriateness of management's estimates and reviewing the aging of accounts receivable [1]. Management and Governance Responsibilities - The management is responsible for preparing financial statements that fairly reflect the company's financial position and for maintaining necessary internal controls to prevent material misstatements due to fraud or error [2]. - The governance layer is tasked with overseeing the financial reporting process [2]. Financial Reporting Basis - The financial statements are prepared based on the assumption of going concern, and the company has not identified any significant doubts regarding its ability to continue as a going concern [6][7]. - The financial statements comply with the relevant accounting standards and regulations, ensuring a true and complete reflection of the company's financial status [6][7]. Important Accounting Policies - The company has established specific accounting policies and estimates related to financial instruments, inventory, fixed assets, and income taxes, which are detailed in the financial statement notes [6][7]. - The accounting period is based on the calendar year, and the company uses the historical cost basis for measurement, with provisions for impairment where applicable [6][7].

Audit Opinion - The audit report states that the financial statements of Hanhigh Group Co., Ltd. fairly reflect the financial position and operating results for the years ending December 31, 2022, 2023, and 2024, in accordance with accounting standards [2]. Key Audit Matters - Revenue recognition is identified as a key audit matter due to the significant impact on the company's operating results and the risk of manipulation given the diverse and numerous customer base [3]. - The carrying value of long-term assets, including fixed and intangible assets, is also a key audit matter, with values of CNY 392 million, CNY 662 million, and CNY 1.015 billion for the years ending December 31, 2022, 2023, and 2024, respectively, representing 27.99%, 33.51%, and 40.58% of total assets [4]. Management Responsibilities - The management of Hanhigh Group is responsible for preparing financial statements that fairly reflect the company's financial position and for maintaining necessary internal controls to prevent material misstatements due to fraud or error [5]. Auditor Responsibilities - The auditors aim to obtain reasonable assurance that the financial statements are free from material misstatement, whether due to fraud or error, and to issue an audit report that includes their opinion [6]. Company Overview - Hanhigh Group Co., Ltd. is registered in Shunde District, Foshan City, with a registered capital of CNY 360 million. The company primarily engages in the research, design, production, and sales of home hardware and outdoor furniture [8][15]. Financial Reporting Basis - The financial statements are prepared based on the going concern assumption and in accordance with the accounting standards issued by the Ministry of Finance [16]. Important Accounting Policies - The company has established specific accounting policies and estimates, including methods for bad debt provision, inventory valuation, depreciation of fixed assets, and revenue recognition [16]. Consolidated Financial Statements - The company has included nine subsidiaries in its consolidated financial statements for the year 2023 and twelve subsidiaries for the year 2024 [15]. Financial Instruments - The company classifies financial assets into three categories: those measured at amortized cost, those measured at fair value with changes recognized in other comprehensive income, and those measured at fair value with changes recognized in profit or loss [25][26].

Core Viewpoint - The company received a regulatory letter from the Shanghai Stock Exchange regarding its 2024 annual report, prompting a detailed response concerning its small loan business and related financial disclosures [1][2]. Group 1: Small Loan Business and Debt Transfer - The company’s subsidiary, Shanghai Angli Jiuding Pawn Co., transferred a debt of 57 million yuan to its joint venture, Shanghai Xuhui Angli Small Loan Co., which has paid 40 million yuan, leaving a balance of 17 million yuan [1][2]. - The company reversed a loan impairment loss of 39.25 million yuan, significantly impacting its net profit attributable to shareholders [1][2]. - The debt transfer agreement was signed to fulfill obligations under a previous cooperation agreement, which aimed to mitigate risks associated with uncollectible loans [6][14]. Group 2: Financial Data and Impairment Losses - The company reported a total loan issuance and advance balance of 425,000 yuan at the end of 2024, with a loan loss provision of 2.0599 million yuan [16][18]. - The impairment loss for the loans to Shanghai Xuhui Angli Small Loan Co. was calculated at 1.275 million yuan, reflecting a 75% provision rate due to the company's financial difficulties [12][16]. - The company’s financial statements indicated a net profit loss of 23.14 million yuan for the year, with significant asset impairment losses recorded [16][18]. Group 3: Legal and Regulatory Compliance - The company’s audit firm confirmed that the accounting treatment for the impairment reversals and provisions complied with accounting standards [19]. - The company faced legal challenges regarding the collection of loans, which were complicated by ongoing litigation involving the borrowers [9][14]. - The Shanghai First Intermediate People's Court ruled in favor of the company in a related lawsuit, clarifying the debt relationship with the small loan company [15][16].

Core Viewpoint - The financial statements of Tongyu New Materials (Guangdong) Co., Ltd. have been reviewed, and no significant misstatements were identified, indicating that the financial reports fairly reflect the company's financial position as of March 31, 2025 [2][3]. Company Overview - Tongyu New Materials (Guangdong) Co., Ltd. was established through the overall restructuring of Guangdong Tongyu New Materials Co., Ltd. The registered capital is RMB 30 million, with the main business activities including research, production, and sales of electronic materials, engineering plastics, synthetic resins, and chemical products [3][5]. Financial Reporting Basis - The financial statements are prepared on a going concern basis, in accordance with the relevant accounting standards and guidelines, reflecting the company's financial status, operating results, changes in equity, and cash flows [5][6]. Important Accounting Policies - The company adheres to significant accounting policies and estimates as per the enterprise accounting standards, ensuring that the financial statements provide a true and complete representation of the company's financial condition and results [5][6]. Consolidation Scope - The consolidation scope is determined based on control, including subsidiaries controlled by the company and structured entities, ensuring that the financial statements reflect the entire economic entity [7][8]. Financial Instruments - Financial instruments are recognized when the company becomes a party to the financial contract, with subsequent measurement based on their classification, including those measured at amortized cost and fair value [26][28]. Credit Risk Assessment - The company assesses credit risk based on the expected credit loss model, categorizing financial instruments into stages to determine the appropriate loss provisions [29][30].

Audit Opinion - The audit report states that the financial statements of Hangzhou Bicheng Digital Technology Co., Ltd. fairly reflect the company's financial position as of December 31, 2023, and December 31, 2024, in accordance with accounting standards [1][2]. 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 reported revenue for the periods is CNY 1,281,217,347.12 and CNY 1,362,754,567.32 [3][4]. - The company’s inventory net realizable value is also a key audit matter, with inventory balances of CNY 272,350,329.21 and CNY 373,586,813.27 as of the respective dates. The determination of this value involves significant management judgment [5]. Management Responsibilities - The management of the company is responsible for preparing the financial statements in accordance with accounting standards and maintaining necessary internal controls to prevent material misstatements due to fraud or error [6][7]. Financial Reporting Basis - The financial statements are prepared based on the assumption of going concern, indicating that the company does not have significant doubts about its ability to continue operations for the foreseeable future [10][12]. Company Overview - Hangzhou Bicheng Digital Technology Co., Ltd. was established as a limited liability company and transformed into a joint-stock company in 2020. The company primarily provides comprehensive e-commerce operation services for brand owners [9][10]. Consolidation Scope - The financial statements include 35 subsidiaries, reflecting the company's extensive operational structure [11]. Accounting Policies - The company employs various accounting policies and estimates, including those related to revenue recognition, inventory valuation, and financial instruments, ensuring compliance with relevant accounting standards [12][24].