Talkweb Information System Co., Ltd.
January–June 2026
Audit Report
Grant Thornton (Special General Partnership)
Table of Contents
Audit Report 1-5
Consolidated and Company Balance Sheets 1-2
Consolidated and Company Income Statements 3
Consolidated and Company Cash Flow Statements 4
Consolidated and Company Statements of Changes in Shareholders' Equity 5-8
Notes to the Financial Statements 9-116
Grant Thornton Audit [2026] No. 110A034077
To the Shareholders of Talkweb Information System Co., Ltd.:
I. Audit Opinion
We have audited the financial statements of Talkweb Information System Co., Ltd. (hereinafter referred to as "Talkweb Information"), which comprise the consolidated and company balance sheets as of June 30, 2026, the consolidated and company income statements, the consolidated and company cash flow statements, and the consolidated and company statements of changes in shareholders' equity for the period from January to June 2026, as well as the notes to the financial statements.
In our opinion, the accompanying financial statements have been prepared in all material respects in accordance with the Accounting Standards for Business Enterprises and fairly present the consolidated and company financial position of Talkweb Information as of June 30, 2026, and its consolidated and company operating results and cash flows for the period from January to June 2026.
II. Basis for Audit Opinion
We conducted our audit in accordance with the Auditing Standards for Certified Public Accountants of China. Our responsibilities under these standards are further described in the "Certified Public Accountant's Responsibilities for the Audit of the Financial Statements" section of this report. In accordance with the Code of Ethics for Certified Public Accountants of China and the independence requirements for audits of public interest entities (if applicable), we are independent of Talkweb Information and have fulfilled our other ethical responsibilities. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
III. Key Audit Matters
Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the financial statements of the current period. These matters were addressed in the context of our audit of the financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters.
(I) Recognition of Core Business Revenue
For relevant disclosures, please refer to Notes III.26 and V.46 to the financial statements.
- Matter Description
Talkweb Information's core business revenue for January–June 2026 was 1,306.6173 million RMB, primarily consisting of software and services, intelligent computing products, and other income. Since revenue is a key performance indicator, there is an inherent risk that management may manipulate the timing of revenue recognition to meet specific targets or expectations. Therefore, we identified the recognition of core business revenue as a key audit matter.
- Audit Response
Our primary audit procedures for the recognition of core business revenue included:
(1) Understanding and evaluating the design of internal controls related to core business revenue recognition and testing the operating effectiveness of key controls;
(2) Sampling customer contracts to examine content, terms, and settlement methods, analyzing the identification of performance obligations, allocation of transaction prices, and determination of the timing of control transfer for goods or services to ensure compliance with Talkweb Information's business model, and evaluating whether the accounting policies for revenue recognition comply with the Accounting Standards for Business Enterprises;
(3) Obtaining the detailed schedule of core business revenue and performing analytical reviews by product type to evaluate the reasonableness of revenue fluctuations;
(4) Using sampling methods to inspect supporting documents related to revenue recognition, including sales contracts, invoices, outbound delivery orders, acceptance notes, and payment receipts, to verify the authenticity of core business revenue;