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Etron Electronics 2024 Annual Audit Report

YD Electronic Technology Co., Ltd.··114 pages

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This document presents the 2024 annual audit report for Etron Electronics Technology Co., Ltd., issued by BDO China Shu Lun Pan Certified Public Accountants LLP. The auditors issued an unqualified opinion, confirming that the financial statements fairly reflect the company's financial position and operating results. Key audit matters identified include revenue recognition and the provision for bad debts on accounts receivable.

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Etron Electronics Technology Co., Ltd.

2024 Annual

Consolidated Audit Report

Audit Report and Financial Statements

(January 1, 2024 to December 31, 2024)

Table of ContentsPage
I. Audit Report1-7
II. Financial Statements
Consolidated Balance Sheet and Parent Company Balance Sheet1-4
Consolidated Income Statement and Parent Company Income Statement5-6
Consolidated Cash Flow Statement and Parent Company Cash Flow Statement7-8
Consolidated Statement of Changes in Equity and Parent Company Statement of Changes in Equity9-12
Notes to Financial Statements1-89

[Chart: BDO Logo]

Audit Report

Audit Report No. [blank]

To the Shareholders of Etron Electronics Technology Co., Ltd.:

I. Audit Opinion

We have audited the financial statements of Etron Electronics Technology Co., Ltd. (hereinafter referred to as Etron Electronics), which comprise the consolidated and parent company balance sheets as of December 31, 2024, and the consolidated and parent company income statements, consolidated and parent company cash flow statements, and consolidated and parent company statements of changes in equity for the year 2024, as well as the notes to the financial statements.

In our opinion, the accompanying financial statements have been prepared in all material respects in accordance with the Accounting Standards for Business Enterprises and fairly present the consolidated and parent company financial position of Etron Electronics as of December 31, 2024, and its consolidated and parent company operating results and cash flows for the year 2024.

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 "Certified Public Accountant's Responsibilities for the Audit of the Financial Statements" section of the audit report. We are independent of Etron Electronics in accordance with the Code of Ethics for Certified Public Accountants of China and the "Code of Ethics for Certified Public Accountants of China No. 1 — Independence Requirements for Audit and Review Engagements," and we have fulfilled our other ethical responsibilities. We have complied with the independence requirements for audits of public interest entities. 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 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, we do not provide a separate opinion on these matters.

We have summarized the key audit matters identified in our audit below:

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