Audit Report
Dongyi Risen Home Decoration Group Co., Ltd. (hereinafter referred to as Dongyi Risen) financial report includes the consolidated financial statements for the year ending December 31, 2025.
I. Audit Opinion
We have audited the consolidated financial statements of Dongyi Risen for the year ending December 31, 2025, which include the consolidated balance sheet, consolidated income statement, and consolidated cash flow statement.
II. Basis for Forming Audit Opinion
We conducted our audit in accordance with the auditing standards established by the Chinese Institute of Certified Public Accountants. Our responsibilities include obtaining sufficient and appropriate audit evidence regarding the amounts and disclosures in the financial statements.
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 for the current period.
- Recognition of Revenue
- Confirmation of Construction Contracts
1. Recognition of Revenue
In 2025, Dongyi Risen's revenue recognition policy was reviewed to ensure compliance with applicable accounting standards. The audit focused on the accuracy of revenue recognition and related disclosures.
2. Confirmation of Construction Contracts
We assessed the management's process for confirming construction contracts and the related revenue recognition. This included evaluating the historical performance and the basis for estimating revenue.