Financial Report Summary - The audit opinion states that the financial statements of Suzhou Ruikeda Connector System Co., Ltd. (hereinafter referred to as Ruikeda) fairly reflect its financial position as of December 31, 2022, and its operating results for the year 2022 in accordance with accounting standards [2][3] - The total operating revenue for Ruikeda in 2022 was CNY 1,625,142,065.22, highlighting the significance of revenue recognition in the financial statements [3][4] - Key audit matters identified include revenue recognition and the provision for bad debts on accounts receivable, both of which are critical due to their impact on the financial statements [4][5] Revenue Recognition - Ruikeda's primary business involves the research, design, production, and sales of optoelectronic connectors, with revenue recognition being a key performance indicator [3][4] - The audit procedures for revenue recognition included evaluating internal controls, analyzing sales contracts, and confirming transactions with major customers [3][4] Provision for Bad Debts - The assessment of the recoverability of accounts receivable involves significant management estimates and judgments, making it a critical audit matter [4][5] - Audit procedures included testing internal controls related to accounts receivable management, evaluating management's estimates, and analyzing the aging of accounts receivable [4][5] Company Overview - Ruikeda was established on June 5, 2014, and is headquartered in Suzhou, Jiangsu Province, with a registered capital of CNY 113,157,052 as of December 31, 2022 [8][9] - The company is engaged in the research, production, and sales of electronic components, optoelectronic connectors, sensors, and related technologies [8][9] Financial Reporting Basis - The financial statements are prepared on a going concern basis, with no identified issues affecting the company's ability to continue operations [11][12] - The company adheres to the accounting policies and estimates as per the applicable accounting standards, ensuring the financial statements reflect a true and complete picture of its financial status [11][12]

General Overview - The company is named Suzhou Recodeal Interconnect System Co., Ltd., established according to the Company Law of the People's Republic of China [3] - The company was registered on June 5, 2014, and listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on July 22, 2021, with a total registered capital of RMB 205.674335 million [3][4] Business Objectives and Scope - The company's business objective is to enhance management efficiency and maximize economic benefits for shareholders [6] - The business scope includes research, production, and sales of electronic components, optical connectors, sensors, charging equipment, and related technical services [6] Share Structure - The company's total share capital is 205.674335 million shares, all of which are ordinary shares with a par value of RMB 1 per share [7][8] - The company prohibits providing financial assistance for the purchase of its shares, except under specific circumstances [8] Shareholder Rights and Responsibilities - Shareholders have rights to dividends, attend meetings, supervise management, and transfer shares [11] - Shareholders holding more than 5% of voting shares must report any pledges of their shares to the company [39] Shareholder Meetings - The company holds annual and extraordinary shareholder meetings, with specific procedures for calling and conducting these meetings [17][18] - Shareholder proposals must be submitted in writing and can be made by shareholders holding more than 3% of shares [21] Voting and Resolutions - Resolutions at shareholder meetings can be ordinary or special, with different voting thresholds required for each type [74][75] - Special resolutions are required for significant corporate actions such as capital changes, mergers, and amendments to the articles of association [76] Related Party Transactions - Related shareholders must abstain from voting on matters involving related party transactions to ensure fairness [78][79] - The company must disclose the voting results of non-related shareholders for transparency [78]