Index
Audit Report: 1-5
Company Financial Statements:
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Consolidated Balance Sheet: 1-2
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Parent Company Balance Sheet: 3-4
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Consolidated Income Statement: 5
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Parent Company Income Statement: 6
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Consolidated Cash Flow Statement: 7
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Parent Company Cash Flow Statement: 8
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Consolidated Statement of Changes in Shareholders' Equity: 9-10
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Parent Company Statement of Changes in Shareholders' Equity: 11-12
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Notes to Financial Statements: 13-104
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Audit Report
XYZH/2026KMAA5B0018
To the Shareholders of Zhenan Technology Co., Ltd.:
I. Audit Opinion
We have audited the financial statements of Zhenan Technology Co., Ltd. (hereinafter "Zhenan Technology"), which comprise the consolidated and parent company balance sheets as of December 31, 2025, the consolidated and parent company income statements, the consolidated and parent company cash flow statements, and the consolidated and parent company statements of changes in shareholders' equity for the year 2025, as well as the related notes to the financial statements.
In our opinion, the accompanying financial statements present fairly, in all material respects, the consolidated and parent company financial position of Zhenan Technology as of December 31, 2025, and its consolidated and parent company operating results and cash flows for the year 2025 in accordance with the Accounting Standards for Business Enterprises.
II. Basis for Audit Opinion
We conducted our audit in accordance with the Auditing Standards for Certified Public Accountants of China. Our responsibilities under these standards are further described in the "Auditor's Responsibilities for the Audit of the Financial Statements" section of our report. We are independent of Zhenan Technology in accordance with the Code of Ethics for Professional Accountants of China and have fulfilled our other ethical responsibilities. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
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. These matters were addressed in the context of our audit of the financial statements as a whole, and in forming our opinion thereon, we do not provide a separate opinion on these matters.