Core Viewpoint - The company has announced its third-quarter financial report for 2025, ensuring the accuracy and completeness of the information provided, and has disclosed significant shareholder activities and changes in accounting firms [6][11][18]. Financial Data Summary - The financial report for the third quarter of 2025 has not been audited [3]. - The company reported a total revenue of RMB 20 billion from its subsidiary, Shandong Binhua New Materials Co., Ltd., through a financing lease agreement [54]. - The company has a total external guarantee amount of RMB 406.97 million, with no overdue guarantees [59]. Shareholder Information - The largest shareholder, He Yi Investment, has increased its stake in the company to 9.97% by acquiring 59,354,972 shares [6]. - The total number of ordinary shareholders and the voting rights of preferred shareholders have been disclosed, with the top ten shareholders' holdings detailed [5]. Accounting Firm Change - The company has decided to appoint KPMG Huazhen as its new accounting firm for the 2025 fiscal year, replacing Tianzhi International [18][30]. - The change is aimed at ensuring the independence and objectivity of the audit process, with no objections raised by the previous accounting firm [18][31]. Upcoming Shareholder Meeting - The company will hold its second extraordinary general meeting of 2025 on November 17, 2025, to discuss the appointment of the new accounting firm [38][39]. - The meeting will utilize both on-site and online voting methods [40].

Group 1 - The company held its 11th Board of Directors' third meeting on September 11, 2025, with all 9 directors present, discussing various proposals [2][3][31] - The board approved a proposal to extend loans provided by Chongqing Konka Optoelectronics Technology Co., Ltd. to its shareholders, with a maximum extension amount of 100 million yuan, due by October 31, 2026 [3][14][21] - The board also approved the appointment of Xinyong Zhonghe Accounting Firm as the financial statement auditor and internal control auditor for the year 2025 [6][30][31] Group 2 - The company plans to hold the 5th extraordinary shareholders' meeting on September 29, 2025, to discuss the loan extension proposal and other matters [10][46][49] - The meeting will allow both on-site and online voting, with specific timeframes for each voting method [51][62] - Shareholders must register by September 29, 2025, to participate in the meeting [59][60]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因依 賴該等內容而引致的任何損失承擔任何責任。 CGN Power Co., Ltd.* 中國廣核電力股份有限公司 （在中華人民共和國註冊成立的股份有限公司） （股份代號：1816） 海外監管公告 本公告由中國廣核電力股份有限公司（「本公司」）根據香港聯合交易所有限公司證 券上市規則第13.10B條作出。 以下為本公司於深圳證券交易所網站發佈之《中廣核惠州核電有限公司審計報告 及財務報表2024年度及2025年1-2月》、《中廣核惠州第二核電有限公司審計報告 及財務報表2024年度及2025年1-2月》、《中廣核惠州第三核電有限公司審計報告 及財務報表2025年2月16日至2025年2月18日止》及《中廣核湛江核電有限公司審 計報告及財務報表2024年度及2025年1-2月》，僅供參閱。 承董事會命 中國廣核電力股份有限公司 尹恩剛 財務總監、聯席公司秘書及董事會秘書 中國，2025年8月28日 於本公告日期，本公司董事會成員包括執行董事為高立剛先生 ...

Group 1 - The audit report indicates that the financial statements of Baokang County Yaozhihhe Qiaogou Mining Co., Ltd. fairly reflect its financial position as of March 31, 2025, and its operating results and cash flows for the first quarter of 2025 [1][2] - The company was established on April 13, 2010, with a registered capital of RMB 10 million, which was later increased to RMB 100 million after additional contributions [2][3] - The company operates in the processing and sales of phosphate ore and barite [2][3] Group 2 - The financial statements are prepared based on the going concern assumption and comply with the relevant accounting standards [2][3] - The company follows the accrual basis of accounting and uses historical cost for measurement, except for certain financial instruments measured at fair value [2][3] - The company recognizes revenue when control of the goods is transferred to the customer, and it identifies performance obligations in contracts with customers [30][31] Group 3 - The company assesses expected credit losses for financial assets based on a three-stage model, considering the credit risk changes since initial recognition [13][14] - Inventory is measured at the lower of cost and net realizable value, and the weighted average method is used to determine the cost of inventory issued [17][18] - Long-term equity investments are accounted for using the cost method or equity method depending on the level of control or influence [19][20]

Audit Opinion - The audit report states that the financial statements of Shanghai New Jiyu Information Technology Service Co., Ltd. fairly reflect the financial position as of December 31, 2024, and May 31, 2025, in accordance with accounting standards [2][3] Management and Governance Responsibilities - The management is responsible for preparing the financial statements in accordance with accounting standards and maintaining necessary internal controls to prevent material misstatements due to fraud or error [2][3] - The governance layer 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][4] - The auditor performs various procedures, including assessing risks of material misstatement and evaluating the appropriateness of accounting policies used by management [4][5] Company Overview - Shanghai New Jiyu Information Technology Service Co., Ltd. was established on March 25, 2013, with a registered capital of 100,000 yuan [6][7] - The company operates in various sectors, including information technology, technical consulting, and business management [6] Financial Reporting Basis - The financial statements are prepared on a going concern basis, and no significant doubts about the company's ability to continue as a going concern were identified [8] Accounting Policies - The company has established specific accounting policies and estimates, including provisions for bad debts and depreciation of fixed assets [8][9] - The accounting period for the company is from January 1 to December 31 [8] Financial Instruments - The company classifies financial assets based on its business model and the cash flow characteristics of the financial assets [19][20] - Financial liabilities are classified and measured based on specific criteria, including whether they can be settled in cash or equity instruments [27][28]

Audit Opinion - The audit report states that the financial statements of Jiangsu Farsen Co., Ltd. fairly reflect the financial position and operating results for the years ending December 31, 2024, 2023, and 2022 [2][3]. Key Audit Matters - Revenue recognition is identified as a key audit matter due to the inherent risk of management manipulating the timing of revenue recognition to meet specific targets [3][4]. - Goodwill impairment testing is another key audit matter, with the reported goodwill balance as of December 31, 2024, being 308.26 million yuan, and impairment provisions for the years 2024, 2023, and 2022 being 232.39 million yuan, 213.57 million yuan, and 51.10 million yuan respectively [5][6]. - Inventory, fixed assets, and intangible assets impairment are also recognized as key audit matters, with fixed asset impairment losses of 3.75 million yuan, 48.79 million yuan, and 0.00 million yuan for the years 2024, 2023, and 2022 respectively [6][7]. Company Overview - Jiangsu Farsen Co., Ltd. was established on March 18, 1993, originally named Jiangyin Steel Wire Co., Ltd., and is primarily engaged in the production and sale of various steel wire products and environmental protection equipment [10][11]. - The company has undergone several capital increases and changes in shareholding structure, with the current registered capital being 419.50 million yuan as of December 31, 2024 [12][13]. Financial Reporting Basis - The financial statements are prepared based on the going concern assumption and comply with the relevant accounting standards and regulations [13][14]. - The company adopts the accrual basis of accounting, with historical cost as the measurement basis for most assets, and impairment provisions are made when necessary [14][15]. Accounting Policies - The company has established specific accounting policies and estimates based on its operational characteristics, which are detailed in the financial statements [14][15]. - The company recognizes business combinations based on control, distinguishing between same-control and non-same-control mergers, with specific accounting treatments for each type [15][16].

Audit Opinion - The audit report states that the financial statements of Jiangsu Farsen Co., Ltd. fairly reflect its financial position as of December 31, 2024, and its operating results and cash flows for the year 2024 in accordance with accounting standards [2][3]. Key Audit Matters - Revenue recognition is identified as a key audit matter, with reported revenue for 2024 amounting to 312.27 million yuan. The inherent risk of management manipulating revenue recognition timing to meet specific targets is highlighted [3][4]. - Goodwill impairment testing is another key audit matter, with a reported goodwill balance of 308.26 million yuan and cumulative impairment provision of 232.39 million yuan, resulting in a carrying value of 75.87 million yuan. The testing results depend significantly on management's estimates and assumptions regarding future cash flows and discount rates [4][5]. - Inventory, fixed assets, and intangible assets impairment are also recognized as key audit matters due to the significant amounts involved and the complexity of the impairment testing process [5]. Company Overview - Jiangsu Farsen Co., Ltd. was established on March 18, 1993, originally named Jiangyin Steel Wire Co., Ltd. The company was founded by Farsen Group and several other entities, with an initial registered capital of 60 million yuan [9][10]. - The company has undergone several capital increases and stock distributions, with the current registered capital amounting to 419.50 million yuan as of December 31, 2024 [11][12]. Business Segments - The company operates primarily in two business segments: metal products, which include various steel wire products, and environmental protection, focusing on the development and management of waste leachate treatment equipment [12]. Financial Reporting Basis - The financial statements are prepared based on the going concern assumption and in accordance with the relevant accounting standards issued by the Ministry of Finance [13][14]. Accounting Policies - The company employs specific accounting policies and estimates tailored to its operational characteristics, ensuring compliance with accounting standards and reflecting its financial position accurately [13][14]. Financial Asset Classification - Financial assets are classified into categories based on the management's business model and cash flow characteristics, including those measured at amortized cost and those measured at fair value [29][30]. Foreign Currency Transactions - The company translates foreign currency transactions at the exchange rate on the transaction date and applies specific methods for monetary and non-monetary items [26][27]. Impairment Testing - The company conducts impairment testing for assets, including goodwill and inventory, based on management's estimates and assumptions, ensuring compliance with accounting standards [4][5]. Corporate Governance - The management is responsible for preparing financial statements that fairly present the company's financial position and for maintaining necessary internal controls to prevent material misstatements [6][7]. Audit Responsibilities - The auditors are tasked with obtaining reasonable assurance that the financial statements are free from material misstatement, whether due to fraud or error, and to communicate key audit matters to the governance body [7][8].

Core Points - The company is appointing Zhengdan Zhiyuan (Shenzhen) CPA Firm to audit the revised 2023 financial statements due to a change in profit and loss status from profit to loss as per the regulatory requirements [4][10] - The board of directors has approved the appointment of the CPA firm with a unanimous vote and is now seeking shareholder approval [10][12] Group 1: Appointment of CPA Firm - The CPA firm Zhengdan Zhiyuan (Shenzhen) was selected based on its qualifications and ability to meet the company's auditing needs for the revised financial statements [9][10] - The firm has a history of providing auditing services, with 16 listed company clients in 2024, including 13 in manufacturing and 2 in information technology [6][9] - The firm has no recent criminal or administrative penalties, indicating a strong compliance record [7][8] Group 2: Board of Directors' Actions - The board has nominated Mr. Wang Qingtang as a candidate for a non-independent director position, pending shareholder approval [12] - The nomination is part of the company's efforts to enhance its corporate governance structure [12] - Mr. Wang has relevant experience and qualifications, having served in various roles within the company since 2006 [13]

Audit Opinion - The audit report concludes that the financial statements of Zhejiang Suote Material Technology Co., Ltd. fairly reflect the company's financial position as of May 31, 2025, December 31, 2024, and December 31, 2023, in accordance with accounting standards [2][3]. Management and Governance Responsibilities - The management is responsible for preparing the financial statements in accordance with accounting standards and ensuring that they are free from material misstatement due to fraud or error [3]. - The governance body oversees 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 [4]. - The auditor communicates with the governance body regarding the planned audit scope, timing, and significant findings [5]. Financial Position - As of May 31, 2025, total assets amounted to approximately 2.96 billion RMB, an increase from 2.41 billion RMB in 2024 and 1.58 billion RMB in 2023 [6][8]. - Current assets totaled approximately 2.31 billion RMB in 2025, compared to 1.73 billion RMB in 2024 and 861.95 million RMB in 2023 [6][7]. Liabilities and Equity - Total liabilities as of May 31, 2025, were approximately 2.30 billion RMB, up from 1.79 billion RMB in 2024 and 532.06 million RMB in 2023 [8][9]. - Shareholders' equity was approximately 666.55 million RMB in 2025, compared to 622.80 million RMB in 2024 and 1.05 billion RMB in 2023 [8]. Income Statement - For the period of January to May 2025, total operating revenue was approximately 2.28 billion RMB, a decrease from 3.55 billion RMB in 2024 and an increase from 1.26 billion RMB in 2023 [9][10]. - Total operating costs for the same period were approximately 2.20 billion RMB, compared to 3.36 billion RMB in 2024 and 1.24 billion RMB in 2023 [9][10]. Cash Flow - Net cash flow from operating activities for January to May 2025 was approximately 1.65 billion RMB, compared to 2.84 billion RMB in 2024 and 1.02 billion RMB in 2023 [10].

Audit Opinion - The audit report states that the financial statements of Shanghai Zijiang New Materials Technology Co., Ltd. fairly reflect its financial position as of March 31, 2025, December 31, 2024, and December 31, 2023, in accordance with accounting standards [1][2]. Key Audit Matters - Revenue recognition is identified as a key audit matter, with reported revenues of 155.35 million yuan, 623.42 million yuan, and 711.39 million yuan for the periods ending March 31, 2025, 2024, and 2023 respectively [1]. - The company’s main product is aluminum-plastic film, and there are inherent risks of management manipulating revenue recognition to meet specific targets [1]. - The audit procedures for revenue recognition included understanding internal controls, obtaining major contracts, and analyzing revenue and gross margin changes [1]. - Expected credit losses on accounts receivable are also a key audit matter, with balances of 306,580,745.47 yuan and 306,580,745.47 yuan as of March 31, 2025, and December 31, 2024 respectively [1]. - The management's assessment of expected credit losses involves significant judgment, and the audit procedures included evaluating the appropriateness of management's estimates and reviewing the aging of accounts receivable [1]. Management and Governance Responsibilities - The management is responsible for preparing financial statements that fairly reflect the company's financial position and for maintaining necessary internal controls to prevent material misstatements due to fraud or error [2]. - The governance layer is tasked with overseeing the financial reporting process [2]. Financial Reporting Basis - The financial statements are prepared based on the assumption of going concern, and the company has not identified any significant doubts regarding its ability to continue as a going concern [6][7]. - The financial statements comply with the relevant accounting standards and regulations, ensuring a true and complete reflection of the company's financial status [6][7]. Important Accounting Policies - The company has established specific accounting policies and estimates related to financial instruments, inventory, fixed assets, and income taxes, which are detailed in the financial statement notes [6][7]. - The accounting period is based on the calendar year, and the company uses the historical cost basis for measurement, with provisions for impairment where applicable [6][7].