Shenzhen Institute of Building Science Co., Ltd. 2025 Annual Financial Report
Full Text of the 2025 Annual Financial Report
Shenzhen Institute of Building Science Co., Ltd. 2025 Annual Financial Report
I. Audit Report
- Type of Audit Opinion: Standard unqualified audit opinion
- Signing Date: March 19, 2026
- Audit Firm Name: Lixin Certified Public Accountants (Special General Partnership)
- Audit Report Number: Xinhui Report [2026] No. ZI10036
- Certified Public Accountants: Zhang Shunwen, Ni Wanjie
Audit Report Body
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Audit Opinion We have audited the financial statements of Shenzhen Institute of Building Science Co., Ltd. (hereinafter referred to as "the Group"), including the consolidated and parent company balance sheets as of December 31, 2025, the consolidated and parent company income statements, consolidated and parent company cash flow statements, consolidated and parent company statements of changes in equity, and related notes to the financial statements. In our opinion, 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 present the financial position of the Group as of December 31, 2025, as well as the operating results and cash flows for the year 2025.
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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" further elaborates on our responsibilities under these standards. In accordance with the "Independence Standards for Certified Public Accountants No. 1 - Requirements for Independence in Auditing and Reviewing Financial Statements" and the Code of Ethics for Certified Public Accountants in China, we are independent of the Group and have fulfilled our other ethical responsibilities. We adhered to the independence requirements for auditing public interest entities during the audit. We believe that the audit evidence we obtained is sufficient and appropriate to provide a basis for our audit opinion.
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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. The responses to these matters are in the context of our audit of the financial statements as a whole and we do not express a separate opinion on these matters. The key audit matters identified in our audit are summarized as follows: