Company Overview - Nanjing Huangpu Grand Hotel Co., Ltd. was established on September 12, 2002, with a registered capital of RMB 13.848759 million [1] - The company operates in the accommodation and catering industry, providing lodging services, dining services, and other supporting services [1] 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 [2] - The accounting records are maintained on an accrual basis, with historical cost as the measurement basis, except for certain financial instruments [2] Important Accounting Policies - The financial statements reflect the company's financial position as of March 31, 2025, December 31, 2024, and December 31, 2023 [2] - The company uses a 12-month operating cycle for classifying assets and liabilities [3] Business Combinations - Business combinations are classified into those under common control and those not under common control [3][4] - For combinations under common control, assets and liabilities are measured at their book values on the merger date [3] - For combinations not under common control, the acquisition cost includes the fair value of assets transferred, liabilities assumed, and equity securities issued [4][5] Consolidated Financial Statements - The scope of consolidation is determined based on control, which includes having the power to govern financial and operating policies [6] - The financial statements of subsidiaries are adjusted to align with the company's accounting policies and periods [7] Financial Instruments - Financial assets are classified based on the business model and cash flow characteristics, including those measured at amortized cost and those measured at fair value [11][12] - The company recognizes impairment losses based on expected credit losses for financial assets [19][20] Inventory and Costing - Inventory includes raw materials and finished goods, valued using the first-in, first-out method [23] - The company assesses the net realizable value of inventory and recognizes impairment when necessary [24] Long-term Equity Investments - Long-term equity investments are accounted for using the equity method for investments where the company has significant influence or joint control [26][27] - The initial investment cost is determined based on the fair value of identifiable net assets at the acquisition date [25][26]

Company Overview - The company is named Guangdong Genesis Intelligent Equipment Group Co., Ltd. and is registered in Dongguan, Guangdong Province with a registered capital of RMB 1,664.862589 million [1] - The company operates in the general equipment manufacturing industry and its business scope includes manufacturing specialized equipment, technical services, and sales of various products including industrial robots and medical devices [1] Financial Reporting Basis - The financial statements are prepared based on the assumption of going concern and comply with the latest accounting standards issued by the Ministry of Finance [1][2] - The accounting period for the company runs from January 1 to December 31 each year [1] Important Accounting Policies - The company follows the enterprise accounting standards and has established criteria for determining the significance of various financial items, such as recognizing receivables exceeding 0.5% of total assets as significant [1][2] - The company uses historical cost, replacement cost, net realizable value, present value, and fair value as measurement attributes for its financial reporting [1][2] Consolidation and Control - The company determines the scope of its consolidated financial statements based on control, which is defined as having power over the investee and the ability to influence returns [5] - The company applies the equity method for long-term equity investments in entities where it has significant influence but does not control [19][21] Financial Instruments - Financial assets are classified based on the company's business model and cash flow characteristics, including those measured at amortized cost and those measured at fair value [9][11] - The company recognizes expected credit losses for financial assets based on a simplified model, ensuring that loss provisions are made for the entire duration of the financial instruments [13][15] Inventory and Contract Assets - Inventory is measured at the lower of cost and net realizable value, with a perpetual inventory system in place [16] - Contract assets are recognized when the company has transferred goods or services to customers and has the right to receive payment [17] Non-current Assets and Discontinued Operations - Non-current assets held for sale are measured at fair value less costs to sell, and impairment losses are recognized if the carrying amount exceeds this fair value [18] - The company defines discontinued operations as components that represent a separate major line of business or geographical area that has been disposed of or classified as held for sale [18]

Audit Opinion - The audit report states that the financial statements of Guangdong Disenli Green Food Co., Ltd. fairly reflect the company's financial position and results of operations as of March 31, 2025, December 31, 2024, and December 31, 2023 [2][3]. Management and Governance Responsibilities - The management of the company 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 [3][4]. - The governance body is responsible for overseeing the financial reporting process [3]. 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][5]. - The auditor identifies and assesses risks of material misstatement and designs audit procedures to address these risks [5][6]. Company Overview - Guangdong Disenli Green Food Co., Ltd. was established on July 11, 2018, with a registered capital of 62.5 million yuan [7][8]. - The company is located in Taishan, Guangdong, and its business scope includes food sales, agricultural product retail and wholesale, and import-export activities [7][8]. Financial Reporting Basis - The financial statements are prepared on a going concern basis, and the management has assessed the company's ability to continue as a going concern for the next 12 months [8][9]. Important Accounting Policies - The company follows the accounting policies as per the enterprise accounting standards, ensuring that the financial statements reflect the company's financial status and results accurately [9][10]. - The accounting year runs from January 1 to December 31, and the functional currency is the Renminbi [9][10]. Consolidation and Mergers - The company consolidates financial statements based on control, including subsidiaries and structured entities [11][12]. - The accounting treatment for mergers and acquisitions is specified, including the recognition of goodwill and the treatment of transaction costs [10][11]. Financial Instruments - The company classifies financial assets and liabilities based on their characteristics and management's business model, with specific measurement bases for each category [25][28]. - Derivative financial instruments are initially measured at fair value and subsequently measured at fair value [30].

Company Overview - Shanghai Xinzhi Software Co., Ltd. was established as a joint-stock company based on the original Shanghai Xinzhi Software Co., Ltd. and was listed on the Shanghai Stock Exchange in December 2020 [1] - The company operates in the software and information technology services industry, with a total issued share capital of 26,521,724.44 shares as of December 31, 2024 [1] Financial Reporting Basis - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance and reflect the company's financial position as of December 31, 2024 [1][2] - The reporting period is from January 1 to December 31 each year, with a business cycle of 12 months [1] Accounting Policies - The company adopts specific accounting policies and estimates based on its operational characteristics, including revenue recognition and asset valuation [1][2] - The financial statements are prepared on a going concern basis, ensuring that the company can continue its operations for the foreseeable future [1] Consolidation and Control - The scope of consolidation is determined based on control, which includes the company and all subsidiaries [2] - The company treats the entire corporate group as a single accounting entity, preparing consolidated financial statements that reflect the overall financial status and performance [2] Business Combinations - For business combinations under common control, the assets and liabilities are measured at their book values on the date of combination [3] - Non-common control business combinations are accounted for at fair value, with goodwill recognized for any excess of the purchase price over the fair value of identifiable net assets acquired [3][4] Financial Instruments - Financial assets are classified at initial recognition as either measured at amortized cost, at fair value through other comprehensive income, or at fair value through profit or loss [8][9] - The company assesses expected credit losses for financial instruments based on historical data, current conditions, and forecasts of future economic conditions [15][16] Inventory and Assets - Inventory is classified into raw materials, work-in-progress, finished goods, and is measured at the lower of cost and net realizable value [19] - Non-current assets held for sale are measured at the lower of their carrying amount and fair value less costs to sell [21] Long-term Equity Investments - Long-term equity investments are accounted for using the cost method for subsidiaries and the equity method for associates and joint ventures [22][24] - The initial investment cost for long-term equity investments is adjusted for any differences between the cost and the fair value of identifiable net assets acquired [23][24]

新疆葱岭能源有限公司 审 计 报 告 大信审字2025第 12-00207 号 大信会计师事务所（特殊普通合伙） WUYIGE CERTIFIED PUBLIC ACCOUNTANTS LLP. 大信会计师事务所 WUYIGE Certified Public Accountants.LLP 电话 Telephone：+86（010）82330558 北京市海淀区知春路 1 号 Room 2206 22/F,Xueyuan International Tower 传真 Fax： +86（010） 82327668 学院国际大厦 22 层 2206 No.1 Zhichun Road,Haidian Dist. 网址 Internet： www.daxincpa.com.cn 邮编 100083 Beijing,China,100083 审计报告 大信审字2025第 12-00207 号 新疆葱岭能源有限公司全体股东： 一、审计意见 我们审计了新疆葱岭能源有限公司（以下简称"贵公司"）的财务报表，包括 2024 年 12 月 31 日、2023 年 12 月 31 日的资产负债表，2024 年度、2023 年度 ...

江苏洪泽湖达实智慧医养有限公司 审计报告 勤信审字【2025】第 3232 号 目 录 内 容 页 次 一、审计报告 1-2 二、已审财务报表 三、财务报表附注 9-40 中勤万信会计师事务所 地址：北京西直门外大街 112 号阳光大厦 10 层 电话： （86-10）68360123 传真： （86-10）68360123-3000 邮编：100044 审 计 报 告 勤信审字【2025】第 3232 号 深圳达实智能股份有限公司： 一、审计意见 我们接受深圳达实智能股份有限公司的委托，审计了江苏洪泽湖达实智慧医养有限公司（以 下简称洪泽湖达实）财务报表，包括 2025 年 5 月 31 日、2024 年 12 月 31 日的资产负债表，2025 年 1-5 月、2024 年度的利润表、现金流量表、所有者权益变动表以及财务报表附注。 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，公允反映了洪 泽湖达实 2025 年 5 月 31 日、2024 年 12 月 31 日的财务状况以及 2025 年 1-5 月、2024 年度的 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 ...

Core Viewpoint - Yunnan Chengtou's 2024 annual report reveals significant increases in credit impairment losses, primarily due to bad debt provisions related to receivables from related parties, raising concerns about the company's financial health and risk management practices [1][2][3]. Group 1: Credit Impairment Losses - The company recognized credit impairment losses of 23.99 million yuan in 2024, a 403.51% increase compared to 2023, indicating a substantial rise in bad debt provisions [1]. - The top five receivables at year-end were all from related parties, with a total of 375 million yuan in other receivables, primarily consisting of land compensation, inter-company loans, and deposits, with an aging of over four years [1][2]. - The company only provided a bad debt provision of 36 million yuan for other receivables, resulting in a provision rate of less than 10%, while nearly 80% of other receivables were aged over three years [1][2]. Group 2: Related Party Transactions - As of December 31, 2024, the company had receivables from related parties totaling 121.23 million yuan, all arising from services provided to these entities [3]. - The top five related party receivables included amounts from Yunnan Chengtou Zhidi Co., Ltd. and Yunnan Chengtou Erhai Real Estate Co., Ltd., primarily for property management services [3]. - The company classified related party receivables as a low-risk portfolio, justifying the lack of bad debt provisions based on the historical performance and control by the parent company, Kanglv Group [3][4]. Group 3: Asset Disposal and Restructuring - The company has undergone significant asset disposals, with non-current asset disposal gains of 856 million yuan, 1.841 billion yuan, and 16 million yuan from 2022 to 2024, respectively [14]. - The company is transitioning its main business focus from real estate to property and commercial management, with commercial operations accounting for 43.77% of total revenue in 2024 [14]. - The company has recognized inventory impairment provisions of 182 million yuan related to its real estate development products [14].

Core Viewpoint - The company has faced significant increases in credit impairment losses, particularly related to receivables from related parties, raising concerns about its financial health and accounting practices [2][3][21]. Group 1: Credit Impairment Losses - In 2024, the company recognized credit impairment losses of 23.99 million yuan, a 403.51% increase compared to 2023, indicating a substantial rise in financial risk [2][3]. - The majority of the company's receivables are from related parties, with the top five receivables classified as low-risk, which has led to insufficient provisions for bad debts [2][3][5]. - The company has not provided impairment for contract assets, which are entirely related to engineering payments from associated parties [2][3]. Group 2: Receivables and Provisions - As of December 31, 2024, the company reported a total of 120.23 million yuan in receivables from related parties, with a significant portion being overdue [6][9]. - The company has categorized certain receivables from related parties as low-risk, justifying the lack of impairment provisions based on historical performance and expected recovery [5][9]. - The company has detailed the aging of receivables, with a significant amount being over three years old, raising questions about their recoverability [8][11]. Group 3: Asset Disposal and Restructuring - The company has undergone significant asset disposals, with non-current asset disposal gains reported at 856 million yuan in 2022 and 1841 million yuan in 2023, indicating a shift in business focus [21][22]. - As of the end of 2024, the company has not completed the registration of changes for several subsidiaries involved in previous asset restructuring, which may affect future operations [22][23]. - The company has recognized losses from debt restructuring, totaling 239 million yuan in 2022, reflecting ongoing financial challenges [21][22].

Audit Opinion - The audit report states that the financial statements of Yunnan Tin Indium Laboratory Co., Ltd. fairly reflect its financial position and operating results as of December 31, 2024, in accordance with accounting standards [1][2][3]. Management and Governance Responsibilities - The management is responsible for preparing the financial statements in accordance with accounting standards and maintaining internal controls to prevent material misstatements due to fraud or error [2][3]. - The governance body oversees 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]. Company Overview - Yunnan Tin Indium Laboratory Co., Ltd. was established on August 24, 2016, and renamed on June 18, 2024, with a registered capital of 130 million RMB [5]. - The company operates in mineral resource research, technology development, and related services [5]. Financial Reporting Basis - The financial statements are prepared on a going concern basis, following the accounting standards issued by the Ministry of Finance [5]. - The company adheres to the accounting policies and estimates outlined in the financial statement notes [5]. Important Accounting Policies - The accounting period is based on the calendar year, from January 1 to December 31 [5]. - The company uses the historical cost principle for accounting, except for certain financial assets measured at fair value [5][6]. Consolidation Method - The consolidation scope is determined based on control, including the company and all subsidiaries [7][8]. - The financial results of subsidiaries are included in the consolidated financial statements from the date control is obtained [8][9]. Financial Instruments - Financial assets are classified based on the business model and cash flow characteristics, including those measured at amortized cost and fair value [13][14]. - The company recognizes expected credit losses based on credit risk assessments [17][23].

Company Overview - Hangzhou Wangying Technology Co., Ltd. was established on July 10, 2009, and is primarily engaged in brand retail, channel distribution, and brand operation management [1] - The actual controllers of the company are Yuan Zhenxing and Fu Yuanyuan [1] 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 [1][2] - The accounting period is divided into annual and interim periods, with the fiscal year running from January 1 to December 31 [2] Accounting Policies and Estimates - The company has established specific accounting policies and estimates based on its operational characteristics, particularly regarding revenue recognition [2] - The company uses the accrual basis for accounting, except for certain financial instruments, and measures assets at historical cost unless impairment occurs [2] Financial Instruments - Financial assets are classified into categories based on the business model and cash flow characteristics, including those measured at amortized cost and those measured at fair value [3][4] - Financial liabilities are classified as either measured at fair value with changes recognized in profit or loss or other financial liabilities measured at amortized cost [6][7] Impairment and Credit Losses - The company assesses expected credit losses for financial assets and recognizes loss provisions based on the risk of default [11][12] - Expected credit losses are calculated based on historical loss experience and current economic conditions [13][14] Inventory and Costing - Inventory is measured at the lower of cost and net realizable value, with costs including procurement, labor, and other expenses [15][16] - The company uses a perpetual inventory system and applies a weighted average method for inventory valuation [15] Non-Current Assets - Non-current assets held for sale are not depreciated or amortized, and any impairment losses are recognized if the carrying amount exceeds the fair value less costs to sell [20][18] - Fixed assets are depreciated using the straight-line method over their useful lives, which are reviewed annually [21][22] Intangible Assets - Intangible assets are initially measured at cost, and development costs are recognized as intangible assets if specific criteria are met [23][24] - The company reviews the useful lives and amortization methods of intangible assets at year-end [23]