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].

Company Overview - Suzhou Ruima Precision Industrial Group Co., Ltd. was established as a joint-stock company on November 20, 2017, after the transformation from Suzhou Ruima Metal Forming Co., Ltd. [1] - The company's registered capital is RMB 70.5 million, with a net asset of RMB 168,139,050.60 as of the end of the reporting period [1][6]. Shareholding Structure - The major shareholders include Chen Xiaomin (80.38%), Weng Rongrong (7.62%), and Suzhou Industrial Park Zhongquanxin Investment Enterprise (Limited Partnership) (7.30%) [1]. - The total share capital after the initial public offering (IPO) is RMB 100 million, with 25 million shares issued at a par value of RMB 1.00 per share [2]. Stock Incentive Plans - The company approved a stock option incentive plan, allowing for a total of 478,200 stock options to be exercised by 39 eligible participants, with the first exercise condition met [3]. - The total share capital increased to 120,652,200 shares after the first exercise period, with additional stock options of 174,000 shares to be exercised by 6 participants in December 2024 [4][5]. Business Activities - The main business activities include the research, production, and sales of precision metal stamping structural parts, fasteners, precision molds, automotive seat harnesses, and components for air suspension systems [6]. Financial Reporting - The financial statements are prepared based on the going concern principle and comply with the relevant accounting standards [6][7]. - The company assesses its ability to continue as a going concern and has not identified any factors that would affect this ability [6]. Accounting Policies - The company follows important accounting policies and estimates as per the enterprise accounting standards, ensuring that the financial statements reflect a true and complete view of its financial position and performance [6][8]. - The accounting year runs from January 1 to December 31, with the functional currency being Renminbi [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 [27][30]. - The company recognizes financial liabilities based on their classification, including those measured at fair value and those measured at amortized cost [30].