双乐颜料股份有限公司 审计报告及财务报表 二○二二年度 双乐颜料股份有限公司 审计报告及财务报表 （2022 年 01 月 01 日至 2022 年 12 月 31 日止） 一、 审计报告 1-5 二、 财务报表 合并资产负债表和母公司资产负债表 1-4 合并利润表和母公司利润表 5-6 合并现金流量表和母公司现金流量表 7-8 合并所有者权益变动表和母公司所有者权益变动表 9-12 财务报表附注 1-78 审计报告 信会师报字[2023]第 ZA12178 号 双乐颜料股份有限公司全体股东： 一、 审计意见 我们审计了双乐颜料股份有限公司（以下简称双乐颜料）财务 报表，包括 2022 年 12 月 31 日的合并及母公司资产负债表，2022 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，公允反映了双乐颜料 2022 年 12 月 31 日的合并及母公 司财务状况以及 2022 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规定执行 ...

Audit Opinion - The audit report concludes that the financial statements of Sichuan Yindile Material Technology Group Co., Ltd. fairly present the financial position and operating results for the periods ending December 31, 2023, December 31, 2024, and May 31, 2025, 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 manipulating revenue recognition to meet specific targets. The audit procedures included testing internal controls, examining sales contracts, and confirming balances with major customers [1][2][3]. Financial Performance - For the period of January to May 2025, the company reported total operating revenue of approximately 317.27 million yuan, an increase from 503.47 million yuan in 2023 and 637.55 million yuan in 2024 [7][8]. - The net profit for the same period in 2025 was approximately 130.46 million yuan, compared to 181.16 million yuan in 2023 and 203.68 million yuan in 2024 [7][8]. Financial Position - As of May 31, 2025, the total assets of the company amounted to approximately 1.37 billion yuan, an increase from 1.29 billion yuan in 2024 and 1.00 billion yuan in 2023 [5][6]. - The total liabilities were approximately 254.30 million yuan as of May 31, 2025, compared to 303.82 million yuan in 2024 and 223.60 million yuan in 2023 [5][6]. Cash Flow Analysis - The net cash flow from operating activities for the period of January to May 2025 was negative 4.55 million yuan, contrasting with positive cash flows of 69.15 million yuan in 2023 and 133.91 million yuan in 2024 [9]. - The cash and cash equivalents at the end of May 2025 were approximately 292.21 million yuan, down from 306.87 million yuan at the end of 2024 [9].

Company Overview - Shanghai Xinxing Crystal Investment Semiconductor Technology Co., Ltd. was established in April 2022 with a registered capital of RMB 2.99 billion, which was later reduced to RMB 2.91 billion after a capital reduction [1][2]. - The main investors include Shanghai Xinxing Semiconductor Technology Co., Ltd. (51.84%), Haifu Semiconductor Venture Capital (Jiaxing) Partnership (42.81%), and others [1][2]. Financial Reporting - 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, 2023, and December 31, 2024 [1][2]. - The company adopts a continuous operation basis for its financial reporting [1]. Accounting Policies - The company uses the Chinese Yuan (RMB) as its functional currency and recognizes cash and cash equivalents based on liquidity and risk of value change [1][2]. - Financial instruments are classified at initial recognition into categories such as amortized cost, fair value through other comprehensive income, and fair value through profit or loss [2][3]. Financial Performance - As of December 31, 2024, the company reported total cash and cash equivalents of approximately RMB 1.17 billion, a decrease from RMB 2.93 billion in 2023 [14]. - Accounts receivable increased from RMB 257.37 million in 2023 to RMB 469.23 million in 2024, indicating a significant growth in sales or credit terms [14]. Inventory and Assets - Inventory is classified into raw materials, work in progress, and finished goods, measured at the lower of cost and net realizable value [8]. - Long-term equity investments are accounted for using the cost method, and any dividends received are recognized as investment income [8]. Revenue Recognition - Revenue is recognized when control of goods or services is transferred to customers, which occurs at the point of delivery [11][12]. - The company also recognizes government grants as deferred income, which is amortized over the useful life of the related assets [13]. Taxation - The company is subject to various taxes, including a corporate income tax rate of 25% and value-added tax rates of 6%, 9%, and 13% depending on the nature of the goods or services [10].