Audit Report
Audit Opinion
We have audited the financial statements of Shenzhen Dongfang Jiasheng Supply Chain Co., Ltd. (hereinafter referred to as "Dongfang Jiasheng") for the year ending [blank]. The financial statements include the balance sheet, income statement, cash flow statement, and changes in equity for the year ending [blank].
We believe that the financial statements present a true and fair view of the financial position of Dongfang Jiasheng as of [blank] and for the year then ended.
Basis for Opinion
We conducted our audit in accordance with the auditing standards of the Chinese Institute of Certified Public Accountants. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are independent of Dongfang Jiasheng in accordance with the ethical requirements that are relevant to our audit in China, and we have fulfilled our other ethical responsibilities in accordance with these requirements.
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.
- Revenue Recognition
We understood and evaluated the revenue recognition policies of Dongfang Jiasheng, including the assessment of the effectiveness of internal controls related to revenue recognition.
| Item | Amount |
|---|---|
| Total Revenue | [blank] |
| Revenue from Sales | [blank] |
- Asset Valuation
We assessed the valuation of significant assets, including inventory and receivables, and evaluated the appropriateness of the accounting estimates made by management.
| Item | Amount |
|---|---|
| Total Assets | [blank] |
| Total Liabilities | [blank] |
Conclusion
In our opinion, the financial statements present fairly, in all material respects, the financial position of Dongfang Jiasheng as of [blank] and its financial performance and cash flows for the year then ended in accordance with the applicable financial reporting framework.
Other Information
Dongfang Jiasheng's management is responsible for the other information. The other information comprises the information included in the annual report but does not include the financial statements and our auditor's report thereon.
We have obtained all the information and explanations we require for our audit.
Consolidated Balance Sheet
| Item | Note | Amount | Company Amount | Consolidated Amount | Last Year Company Amount |
|---|---|---|---|---|---|
| Current Assets | 1,469,931,743.78 | 1,363,931,743.78 | 1,786,597,336.38 | 1,198,097,961.57 | |
| Cash and Cash Equivalents | 326,977,685.42 | 179,065,041.11 | 266,274,935.07 | 190,528,038.01 | |
| Notes Receivable | 142,213,635.96 | 93,452,029.72 | 103,271,993.93 | 68,061,449.36 | |
| Accounts Receivable | 72,669,153.50 | 6,364,329.52 | 23,530,370.37 | 6,000,098.78 | |
| Other Receivables | 27,631,173.93 | 11,148,999.36 | 14,118,999.36 | 361,430,689.41 | |
| Inventories | 252,105,205.25 | 358,183,654.01 | 4,165,200.00 | 4,165,200.00 | |
| Non-current Assets | 28,144,706.32 | 4,522,581.36 | 17,297,459.39 | 13,262,930.00 | |
| Long-term Equity Investments | 1,628,603.28 | 12,410,186.52 | 2,273,289,877.16 | 1,855,931,314.65 | |
| Fixed Assets | 2,255,836.11 | 290,020.80 | 11,226,692.43 | 4,812,602.44 | |
| Intangible Assets | 1,375,000.00 | 676,323.88 | 1,525,000.00 | 13,945.55 | |
| Other Non-current Assets | 26,751.95 | ||||
| Total Assets | 3,657,588.65 | 966,344.68 | 12,746,854.95 | 4,812,620.24 |