Audit Report
Zandar Certified Public Accountants LLP Audit Report No. 260000454
To all shareholders of Gokong Technology Co., Ltd.:
1. Audit Opinion
We have audited the financial statements of Gokong Technology Co., Ltd. (hereinafter referred to as "Gokong"), 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 Gokong as of December 31, 2025, as well as the operating results and cash flows for the year 2025.
2. Basis for 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 the Audit of Financial Statements" in this report further elaborates on our responsibilities under these standards. In accordance with the independence standards for certified public accountants and the Code of Ethics for Certified Public Accountants in China, we are independent of Gokong 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.
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. These matters were addressed in the context of our audit of the financial statements as a whole and in forming our audit opinion, and we do not express a separate opinion on these matters.
We determined the following matters to be key audit matters that need to be communicated in the audit report.
(1) Revenue Recognition
- Description of the Matter For information regarding Gokong's revenue recognition policy and the amounts recognized, please refer to Note 3 (32) and Note 5, Note 40 of the consolidated financial statements. The operating revenue for the year 2025 was 549,585,556.38 yuan. Revenue is a key performance indicator, thus there is an inherent risk that management may manipulate the timing of revenue recognition to achieve specific targets or expectations. Therefore, we have identified revenue recognition as a key audit matter.
- Audit Response Our significant audit procedures regarding revenue recognition included: (1) understanding and evaluating the design of key internal controls related to revenue recognition and testing the operating effectiveness of those controls; (2) selecting samples of sales contracts/sales orders and analyzing key terms such as payment and delivery; (3) obtaining sales listings for the reporting period and selecting samples of recorded revenue transactions to verify against supporting documents; (4) performing analytical procedures on operating revenue, analyzing abnormal changes in gross profit margin, and comparing with industry peers; (5) conducting confirmation procedures for significant customers; (6) examining supporting documents for revenue recognized before and after the balance sheet date to assess whether revenue was recorded in the appropriate accounting period.