RSM|容诚
RSM Certified Public Accountants (Special General Partnership)
Head Office: Floors 10, Units 1001-1 to 1001-26, Building 1, No. 22 Fuxingmenwai Avenue, Xicheng District, Beijing (100037)
TEL: 010-6600 1391 FAX: 010-6600 1392
E-mail: bj@rsmchina.com.cn
Special Explanation on Financial and Accounting Issues in the Audit Inquiry Letter Regarding Shenzhen Leisai Intelligent Control Co., Ltd.'s Application for Issuing Shares to Specific Objects
Rui Cheng Special Letter [2026] 518Z0740
Shenzhen Stock Exchange:
In accordance with the requirements of the "Audit Inquiry Letter Regarding Shenzhen Leisai Intelligent Control Co., Ltd.'s Application for Issuing Shares to Specific Objects" (Audit Letter [2026] 120018) issued by your exchange on March 30, 2026 (hereinafter referred to as the "Audit Inquiry Letter"), RSM Certified Public Accountants (Special General Partnership) (hereinafter referred to as "we" or "the Accountants") have conducted a thorough review of the issues requiring explanation or opinion from the Accountants mentioned in the Audit Inquiry Letter. The special explanation is as follows:
Unless otherwise specified, the abbreviations in this reply have the same meaning as in the "Shenzhen Leisai Intelligent Control Co., Ltd. Prospectus for Issuing Shares to Specific Objects" (hereinafter referred to as the "Prospectus").
In this reply, any discrepancy between the sum of individual items and the total sum in the last digit is due to rounding.
1
Question 1
Based on the application materials, the company's operating revenue during the reporting period was 133,786.21 million yuan, 141,536.77 million yuan, 158,428.33 million yuan, and 130,040.10 million yuan, respectively. The gross profit margins were 37.57%, 38.25%, 38.45%, and 39.08%, respectively. The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 13,011.77 million yuan, 12,444.34 million yuan, 19,613.92 million yuan, and 15,520.39 million yuan, respectively. The net profit declined in 2023, indicating overall performance fluctuations.
At the end of each reporting period, the book value of notes receivable and accounts receivable was 56,022.93 million yuan, 58,556.04 million yuan, 75,773.11 million yuan, and 78,823.23 million yuan, respectively, accounting for 38.10%, 37.20%, 44.34%, and 35.31% of current assets, which is a relatively large amount.
At the end of each reporting period, the book value of the company's inventory was 39,526.23 million yuan, 46,323.34 million yuan, 37,556.71 million yuan, and 39,377.12 million yuan, respectively, accounting for 26.88%, 29.43%, 21.98%, and 17.64% of current assets at the end of the corresponding period.
Control chips are important raw materials for the company, and some are currently developed and produced by overseas manufacturers. The company mainly procures them from domestic agents of overseas manufacturers.
The company's sales and service model includes direct sales and distribution. During the reporting period, the revenue generated by the distribution model showed an increasing trend year by year. The company had export revenue during the reporting period.
As of September 30, 2025, the book value of the company's long-term equity investments was 3,443.04 million yuan, representing investments in Changzhou Sanxie Motor Co., Ltd. and Shenzhen Youyi Control Software Co., Ltd. The book value of other equity instrument investments was 15,000.00 million yuan, representing investments in Shanghai Silergy Semiconductor Technology Co., Ltd. and Shenzhen Dajun Technology Co., Ltd. The company has determined that these direct investments do not constitute financial investments.