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].