Core Viewpoint - Shenzhen Yushun Electronics Co., Ltd. is addressing inquiries from the Shenzhen Stock Exchange regarding its 2024 annual report, focusing on the audit process and the company's ability to continue as a going concern [1][17]. Group 1: Audit Process - The company appointed Zhengyi Accounting Firm as the auditor for the 2024 annual report, with the audit report issued on April 28, 2025, less than a month after the appointment [1][2]. - The audit team consisted of 8 professionals, with 6 certified public accountants and 2 non-certified members, divided into teams in Shanghai and Shenzhen to ensure thorough execution of the audit [2][3]. - Various audit procedures were implemented, including inquiries, inspections, confirmations, and analytical procedures, to assess the company's financial statements and internal controls [3][4]. Group 2: Financial Performance and Going Concern - In 2023, the company reported a net profit attributable to shareholders of 964,400 yuan, but a net loss of 18,478,000 yuan after excluding non-recurring gains and losses, raising concerns about its ability to continue as a going concern [8][21]. - For 2024, the company achieved an operating income of 220,282,400 yuan, a 41.94% increase from 2023, indicating improved business conditions and enhanced risk resilience [22][38]. - The first quarter of 2025 showed a significant turnaround with operating income of 45,727,400 yuan, a 93.73% increase year-on-year, and a net profit of 114,490 yuan, compared to a loss in the same period of the previous year [22][38]. Group 3: Internal Control and Compliance - The audit firm provided a standard unqualified opinion on the company's financial report and internal controls for 2024, indicating compliance with relevant auditing standards [39]. - The company has taken corrective actions in response to regulatory inquiries, including addressing issues related to its subsidiary, Shanghai Fubang Industrial Co., Ltd., which was integrated into the company in 2024 [18][39]. - The company has confirmed that it does not have any overdue debts or potential liquidity risks, and its financial ratios, such as a debt-to-asset ratio of 44.83% and a current ratio of 1.28, are within reasonable ranges [8][12].