300023SZSE

2021 Annual Financial Report

Baode Holdings··138 pages

✨ AI Summary

The 2021 Annual Financial Report of Xi'an Baode Automation Co., Ltd. presents the audited financial statements, which reflect a significant increase in consolidated revenue of 86.40% compared to 2020, totaling 60.85 million yuan. The report highlights key audit matters, including revenue recognition and asset disposal gains, which contributed to a net profit of approximately 89.97 million yuan. The report was approved by the board on April 29, 2022.

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Full Translation

AI Translation· azure_openai

Audit Report

Audit Opinion Type

Standard unqualified audit opinion

Signing Date

April 29, 2022

Audit Firm Name

Sigma Accounting Firm (Special General Partnership)

Audit Report Number

Xi Hui Audit No. (2022) 1992

Certified Public Accountants

Wang Tiejun, Yan Huanyong

Audit Report Body

To all shareholders of Xi'an Baode Automation Co., Ltd.:

  1. Audit Opinion
    We have audited the financial statements of Xi'an Baode Automation Co., Ltd. (hereinafter referred to as "your company"), including the consolidated and parent company balance sheets as of December 31, 2021, the consolidated and parent company income statements, consolidated and parent company cash flow statements, and consolidated and parent company statements of changes in equity, as well as the notes to the financial statements. We believe that the attached financial statements have been prepared in accordance with the provisions of the Accounting Standards for Business Enterprises in all material respects and fairly reflect the financial position of your company as of December 31, 2021, as well as the operating results and cash flows for the year 2021.

  2. Basis for Forming Audit Opinion
    We conducted our audit in accordance with the auditing standards for certified public accountants in China. The section "Responsibilities of Certified Public Accountants for Auditing Financial Statements" in the audit report further elaborates on our responsibilities under these standards. In accordance with the Code of Ethics for Certified Public Accountants in China, we are independent of your company and have fulfilled our other ethical responsibilities. We believe that the audit evidence we obtained is sufficient and appropriate to provide a basis for our audit opinion.

  3. 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. Our responses to these matters are in the context of our audit of the financial statements as a whole and in forming our opinion thereon, and we do not express an opinion on these matters separately. The key audit matters identified in our audit are as follows:

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