Company Overview - Beijing Hailanxin Data Technology Co., Ltd. was established in February 2001 with a registered capital of RMB 1 million, later increased to RMB 720,494,503 as of March 31, 2025 [2][5][6]. Capital Changes - The company's registered capital increased from 33 million shares to 38,546,300 shares through cash subscriptions from Shenzhen Lihua Venture Capital Co., Ltd. and Tsinghua Unigroup Co., Ltd. [3] - Further capital increases occurred, raising the registered capital to RMB 41,546,300 and then to RMB 55,396,300 after public offerings and additional subscriptions [4][5]. Business Focus - The company specializes in maritime intelligence and ocean information technology, providing services such as technology development, consulting, and manufacturing of marine electronic integration systems, radar systems, and unmanned vessels [6]. Financial Reporting - The financial statements for the first quarter of 2025 were prepared without a cash flow statement and did not include comparative profit and loss data from the previous year [7]. - The financial statements are based on the going concern assumption and adhere to the accounting standards set by the Ministry of Finance [7]. Governance Structure - The company has established a governance structure that includes a shareholders' meeting, board of directors, and supervisory board, along with various operational departments [5]. Accounting Policies - The company uses the accrual basis for accounting and measures assets at historical cost, with provisions for impairment where necessary [7]. - The financial statements reflect the company's financial position as of March 31, 2025, and its operational results for the first quarter of 2025 [7]. Financial Instruments - Financial assets are classified based on the business model and cash flow characteristics, with specific criteria for measuring expected credit losses [19][21]. - The company recognizes financial assets and liabilities at fair value, with subsequent measurements based on their classification [19][31].

Core Viewpoint - The financial statements of Hanhigh Group Co., Ltd. have been reviewed, and no significant misstatements were found, indicating that the financial reports fairly reflect the company's financial position, operating results, and cash flows in accordance with accounting standards [3][4]. Company Overview - Hanhigh Group Co., Ltd. is a joint-stock company registered in Shunde District, Foshan City, with a registered capital of RMB 360 million [3][11]. - The company was originally established as a limited liability company in September 2004 and has undergone several capital increases and structural changes, ultimately becoming a joint-stock company [3][5][8]. Financial Statements - The reviewed financial statements include the consolidated and parent company balance sheets as of March 31, 2025, and the consolidated and parent company income statements, cash flow statements, and changes in equity for the first quarter of 2025 [3][11]. - The company has included all subsidiaries in its consolidated financial statements, with a total of 12 subsidiaries accounted for in the current reporting period [11]. Accounting Policies - The financial statements are prepared based on the accrual basis of accounting, following the accounting standards issued by the Ministry of Finance [11][12]. - The company adopts specific accounting policies and estimates that reflect its operational characteristics, including methods for bad debt provision, inventory valuation, and revenue recognition [12][13]. Capital Structure - The company's capital structure has evolved through multiple rounds of capital increases, with significant contributions from various stakeholders, including Hanhigh Management and other investment partners [5][9][10]. - As of the latest capital increase, the registered capital stands at RMB 36 million, with Hanhigh Management holding 71.81% of the shares [10][11].

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].