Special Audit Explanation on the Issuance of Audit Report with No Opinion for 2025 Financial Statements
Shenzhen Huangting International Enterprise Co., Ltd. (hereinafter referred to as "Huangting") has undergone an audit for its 2025 financial statements, and on April 22, 2026, it received a special audit report with no opinion.
According to the audit report, the company has experienced significant operational difficulties since 2020, leading to a continuous loss situation extending into 2025. By December 31, 2025, the company may face substantial liabilities, which could adversely affect its ability to continue as a going concern. The company is required to disclose these uncertainties in its financial statements.
1. Key Content of the Audit Report with No Opinion
As stated in the financial report note, Huangting has been in a continuous loss situation since 2020, and this trend is expected to continue into 2025. The company has reported a significant decline in revenue and cash flow, which raises concerns about its ability to sustain operations.
2. Reasons and Basis for Issuing No Opinion
Based on the "Chinese Certified Public Accountant Audit Standards No. 1502," the audit report indicates that the financial statements do not provide sufficient evidence to support an opinion. The auditor has determined that the company’s financial position is uncertain, and the lack of a clear opinion reflects these concerns.