苏威孚Ｂ(200581):2021年年度审计报告（英文版）

 时间：2022年04月18日 17:56:59 中财网

原标题:苏威孚Ｂ:2021年年度审计报告（英文版）


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Auditor’s Report
Su Gong W【2022】No. A385
To the Shareholders of Weifu High-Technology Group Co., Ltd.: I. Auditing opinions
We have audited the financial statement under the name of Weifu High-Technology Group Co., Ltd. (hereinafter referred to as WFHT), including the consolidated and parent Company’s balance sheet of 31
December 2021 and profit statement, and cash flow statement, and statement on changes of shareholders’
equity for the year ended, and notes to the financial statements for the year ended.
In our opinion, the Company’s financial statements have been prepared in accordance with the Enterprises
Accounting Standards and Enterprises Accounting System, and they fairly present the financial status of the
Company and of its parent company as of 31 December 2021 and its operation results and cash flows for the
year ended.

II. Basis of opinion
We conducted our audit in accordance with the Auditing Standards for Certified Public Accountants of China.
Our responsibilities under those standards are further described in the “Auditor’s Responsibilities for the Audit
of the Financial Statements” section of the auditor’s report. We are independent of the Company in accordance
with the Certified Public Accountants of China’s Code of Ethics for Professional Accountants, and we have
fulfilled our other ethical responsibilities in accordance with the Code. We believe that the audit evidence we
have obtained is sufficient and appropriate to provide a basis for our 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, and we do not provide a separate
opinion on these matters.
Revenue recognition is the key audit matter that we identified in auditing. 1. Matter description
As described in the 28. Revenue in Note III and 44. Operation revenue and operation cost in Note V carried in
the financial statement, WFHT achieved an operation revenue of 13,682,426,700 yuan for year of 2021. As
one of the biggest source of profits for WFHT, operating revenue has a significant effect on the general
financial statement, in which there are certain of inherent risks existed for the reason that the management
manipulate the timing of recognition so as to achieve specific objectives or anticipations. Therefore, we will
take the Revenue recognition as the key auditing matter.

2. The solution to the matter in auditing
(1)The Company has tested the design and execution of key internal control related to revenue recycling so as
to confirm the validity of internal control;(2) The Company should make sure whether the recognition
condition and method of major operating revenue are compliance with the accounting standards for business
enterprise; it also should pay an attention to that whether the cyclical and occasional revenue is compliance
with the decided revenue recognition principle and methods;(3) Combining with status and data of the industry
where WFHT is located, the Company should make a judgment on the rationality of fluctuation of the revenue
composition;(4) The Company should carry out the procedure of account receivable and revenue letter of
confirmation, and make a judgment on the rationality of the timing of revenue recognition; (5) Combining with
the procedure of letter of confirmation, the Company should make a random inspection on sales contracts or
orders, delivery lists, logistics bills, customs declaration, sales invoices, signing-off sheet and other documents
related to revenue to verify the authenticity of revenue;(6) Referring to the recorded revenue before and after
the Balance Sheet Date, the Company should select some samples and check out the supportive documents
such as delivery lists, customs declaration and receipt forms to make a judgment on whether the income has
been recorded at the appropriate accounting period.
IV. Other information
The management of WFHT is responsible for other information which includes the information covered in the
Company’s 2021 annual report excluding the financial statement and our audit report.
Our audit opinions on the financial statements do not cover other information, and we do not issue any form of
authentication conclusions on other information.

In combination with our audit of the financial statements, it is our responsibility to read other information and,
in the process, consider whether there is material inconsistency or material misstatement between the other
information and the financial statements or what we learned during the audit.
Based on the work we have carried out, if we determine that there is a material misstatement of other
information, we should report that fact and i this regard we have noting to report. V. Responsibilities of management and those charged with governance for the financial statements The management is responsible for the preparation of the financial statements in accordance with the
Accounting Standards for Enterprise to secure a fair presentation, and for the design, establishment and
maintenance of the internal control necessary to enable the preparation of financial statements that are free
from material misstatement, whether due to fraud or error.
In preparing the financial statements, the management is responsible for assessing the Company’s ability to
continue as a going concern, disclosing matters related to going concern (if applicable) and using the going
concern assumption unless the management either intends to liquidate the Company or to cease operations, or
has no realistic alternative but to do so.

Those charged with governance are responsible for overseeing the Company’s financial reporting process.

VI. Responsibilities of the auditor for the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue an audit report that includes our audit
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with the CAS will always detect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of the financial statements.
As part of an audit in accordance with the CAS, we exercise professional judgment and maintain professional
skepticism throughout the audit. We also:
(1) Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or
error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient
and appropriate to provide a basis for audit opinion. The risk of not detecting a material misstatement resulting
from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional
omissions, misrepresentations, or the override of internal control. (2) Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are
appropriate in the circumstances.
(3) Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates
and related disclosures made by the management.
(4) Conclude on the appropriateness of the management’s use of the going concern assumption and, based on
the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast
significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material
uncertainty exists, we are required by the CAS to draw users’ attention in audit report to the related disclosures
in the financial statements or, if such disclosures are inadequate, to modify audit opinion. Our conclusions are
based on the information obtained up to the date of audit report. However, future events or conditions may
cause the Company to cease to continue as a going concern.
(5) Evaluate the overall presentation, structure and content of the financial statements, and whether the
financial statements represent the underlying transactions and events in a manner that achieves fair
presentation.
(6) Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business
activities within the Company to express audit opinion on the financial statements. We are responsible for the
direction, supervision and performance of the group audit. We remain solely responsible for audit opinion.

We communicate with those charged with governance regarding, among other matters, the planned scope and
timing of the audit and significant audit findings, including any significant deficiencies in internal control that
we identify during our audit.

We also provide the governance with a statement of our compliance with the ethical requirements relating to
our independence and communicate with the governance on all relationships and other matters that may
reasonably be considered to affect our independence, as well we the relevant precautions (if applicable).

From the matters communicated with those charged with governance, we determine those matters that were of
most significance in the audit of the financial statements of the current period and are therefore the key audit
matters. We describe these matters in the auditor’s report unless law or regulation precludes public disclosure
about the matter or when, in extremely rare circumstances, we determine that a matter should not be
communicated in the auditor’s report because of the adverse consequences of doing so would reasonably be
expected to outweigh the public interest benefits of such communication. Jiangsu Gongzheng Tianye CPA Chinese CPA: Gu Zhi (Special General Partnership) (engagement partner) Wuxi China Chinese CPA: Zhang Qianqian

15 April, 2022






II. Financial Statement
Statement in Financial Notes are carried Unit: RMB/CNY
1. Consolidated Balance Sheet
Prepared by Weifu High-Technology Group Co., Ltd.
December 31, 2021
In RMB

ItemDecember 31, 2021December 31, 2020
Current assets:　　
Monetary funds1,896,063,265.691,963,289,832.33
Settlement provisions　　
Capital lent　　
Trading financial assets6,076,436,069.423,518,432,939.10
Derivative financial assets　　
Note receivable1,116,550,186.211,657,315,723.56
Account receivable2,053,800,293.772,824,780,352.41
Receivable financing713,017,014.501,005,524,477.88
Accounts paid in advance178,059,249.99151,873,357.76
Insurance receivable　　
Reinsurance receivables　　
Contract reserve of reinsurance receivable　　
Other account receivable17,908,078.5454,209,580.88
Including: Interest receivable　　
Dividend receivable　49,000,000.00
Buying back the sale of financial assets　　
Inventories3,445,396,375.092,877,182,174.64
Contract assets　　
Assets held for sale　　
Non-current asset due within one year　　
Other current assets220,320,922.502,137,921,113.61
Total current assets15,717,551,455.7116,190,529,552.17
Non-current assets:　　
Loans and payments on behalf　　
Debt investment　　
Other debt investment　　
Long-term account receivable　　
Long-term equity investment5,717,944,788.124,801,488,290.97
Investment in other equity instrument285,048,000.00285,048,000.00
Other non-current financial assets1,690,795,178.001,805,788,421.00
Investment real estate19,387,746.5620,886,681.62
Fixed assets2,932,210,452.512,882,230,191.08
Construction in progress387,429,933.08243,795,493.04
Productive biological asset　　
Oil and gas asset　　
Right-of-use assets23,148,405.58　
Intangible assets440,593,119.82454,412,947.69
Expense on Research and Development　　
Goodwill231,255,015.75257,800,696.32
Long-term expenses to be apportioned15,304,783.5715,062,171.09
Deferred income tax asset242,248,194.57198,393,501.50
Other non-current asset267,941,354.57195,259,441.73
Total non-current asset12,253,306,972.1311,160,165,836.04
Total assets27,970,858,427.8427,350,695,388.21
Current liabilities:　　
Short-term loans1,437,958,206.55302,238,600.05
Loan from central bank　　
Capital borrowed　　
Trading financial liability　　
Derivative financial liability　　
Note payable1,760,032,216.302,462,592,372.82
Account payable3,206,653,702.594,100,984,240.39
Accounts received in advance2,854,518.964,071,236.87
Contractual liability136,427,636.3981,717,387.25
Selling financial asset of repurchase　　
Absorbing deposit and interbank deposit　　
Security trading of agency　　
Security sales of agency　　
Wage payable339,888,502.70332,421,811.82
Taxes payable40,105,648.8867,493,690.29
Other account payable359,905,317.46361,556,257.42
Including: Interest payable6,184.144,862.22
Dividend payable25,671,100.00　
Commission charge and commission payable　　
Reinsurance payable　　
Liability held for sale　　
Non-current liabilities due within one year34,088,773.6836,914,242.02
Other current liabilities212,969,271.55222,871,087.33
Total current liabilities7,530,883,795.067,972,860,926.26
Non-current liabilities:　　
Insurance contract reserve　　
Long-term loans　3,050,640.97
Bonds payable　　
Including: Preferred stock　　
Perpetual capital securities　　
Lease liability15,795,469.25　
Long-term account payable32,015,082.1139,479,218.17
Long-term wages payable108,311,923.19181,980,293.94
Accrual liability　　
Deferred income298,052,867.56328,204,476.73
Deferred income tax liabilities23,097,535.2030,653,933.12
Other non-current liabilities　　
Total non-current liabilities477,272,877.31583,368,562.93
Total liabilities8,008,156,672.378,556,229,489.19
Owner’s equity:　　
Share capital1,008,659,570.001,008,950,570.00
Other equity instrument　　
Including: Preferred stock　　
Perpetual capital securities　　
Capital public reserve3,371,344,172.823,294,242,368.28
Less: Inventory shares270,249,797.74303,627,977.74
Other comprehensive income-36,746,344.6013,916,619.47
Reasonable reserve712,215.312,333,490.03
Surplus public reserve510,100,496.00510,100,496.00
Provision of general risk　　
Retained profit14,814,787,377.8613,756,102,424.62
Total owner’ s equity attributable to parent company19,398,607,689.6518,282,017,990.66
Minority interests564,094,065.82512,447,908.36
Total owner’ s equity19,962,701,755.4718,794,465,899.02
Total liabilities and owner’ s equity27,970,858,427.8427,350,695,388.21
Legal Representative: Wang Xiaodong
Person in charge of accounting works: Ou Jianbin
Person in charge of accounting institute: Ou Jianbin
2. Balance Sheet of Parent Company
In RMB

ItemDecember 31, 2021December 31, 2020
Current assets:　　
Monetary funds1,002,808,546.461,157,684,053.05
Trading financial assets5,493,703,374.823,452,348,980.19
Derivative financial assets　　
Note receivable303,726,372.69422,246,979.39
Account receivable536,957,890.22982,782,279.22
Receivable financing　　
Accounts paid in advance93,419,268.8275,650,090.49
Other account receivable204,125,517.63197,335,714.63
Including: Interest receivable113,055.56897,777.78
Dividend receivable26,718,900.00　
Inventories1,076,094,722.15725,276,241.43
Contract assets　　
Assets held for sale　　
Non-current assets maturing within one year　　
Other current assets149,352,872.772,057,772,839.50
Total current assets8,860,188,565.569,071,097,177.90
Non-current assets:　　
Debt investment　　
Other debt investment　　
Long-term receivables　　
Long-term equity investments6,867,282,228.565,978,128,303.88
Investment in other equity instrument209,108,000.00209,108,000.00
Other non-current financial assets1,690,795,178.001,805,788,421.00
Investment real estate　　
Fixed assets1,786,089,596.761,758,198,856.53
Construction in progress239,183,999.25154,741,266.85
Productive biological assets　　
Oil and natural gas assets　　
Right-of-use assets1,240,879.96　
Intangible assets209,952,168.75208,112,706.57
Research and development costs　　
Goodwill　　
Long-term deferred expenses348,970.34　
Deferred income tax assets85,012,991.2476,508,392.85
Other non-current assets185,646,711.53117,013,906.01
Total non-current assets11,274,660,724.3910,307,599,853.69
Total assets20,134,849,289.9519,378,697,031.59
Current liabilities　　
Short-term borrowings272,578,883.63102,088,888.89
Trading financial liability　　
Derivative financial liability　　
Notes payable569,405,391.94448,901,718.36
Account payable1,012,390,712.801,265,845,068.26
Accounts received in advance　　
Contract liability7,879,319.156,209,575.73
Wage payable220,719,432.58216,870,819.60
Taxes payable12,427,327.6132,974,322.59
Other accounts payable392,455,373.80339,096,991.12
Including: Interest payable117,777.78　
Dividend payable　　
Liability held for sale　　
Non-current liabilities due within one year462,484.41　
Other current liabilities143,935,332.78182,611,991.54
Total current liabilities2,632,254,258.702,594,599,376.09
Non-current liabilities:　　
Long-term loans　　
Bonds payable　　
Including: preferred stock　　
Perpetual capital securities　　
Lease liability1,003,106.55　
Long-term account payable　　
Long term employee compensation payable103,482,333.50176,245,345.03
Accrued liabilities　　
Deferred income265,509,545.34285,714,239.98
Deferred income tax liabilities　　
Other non-current liabilities　　
Total non-current liabilities369,994,985.39461,959,585.01
Total liabilities3,002,249,244.093,056,558,961.10
Owners’ equity:　　
Share capital1,008,659,570.001,008,950,570.00
Other equity instrument　　
Including: preferred stock　　
Perpetual capital securities　　
Capital public reserve3,487,154,855.593,407,732,016.61
Less: Inventory shares270,249,797.74303,627,977.74
Other comprehensive income　　
Special reserve　　
Surplus reserve510,100,496.00510,100,496.00
Retained profit12,396,934,922.0111,698,982,965.62
Total owner’s equity17,132,600,045.8616,322,138,070.49
Total liabilities and owner’s equity20,134,849,289.9519,378,697,031.59




3. Consolidated Profit Statement
In RMB

Item20212020
I. Total operating income13,682,426,710.9512,883,826,306.60
Including: Operating income13,682,426,710.9512,883,826,306.60
Interest income　　
Insurance gained　　
Commission charge and commission income　　
II. Total operating cost12,772,618,230.5812,193,088,999.51
Including: Operating cost11,220,367,713.5710,429,284,441.97
Interest expense　　
Commission charge and commission expense　　
Cash surrender value　　
Net amount of expense of compensation　　
Net amount of withdrawal of insurance contract reserve　　
Bonus expense of guarantee slip　　
Reinsurance expense　　
Tax and extras60,256,733.7365,323,781.87
Sales expense264,651,432.56406,353,445.10
Administrative expense611,872,150.24782,824,422.63
R&D expense595,406,951.64532,581,209.78
Financial expense20,063,248.84-23,278,301.84
Including: Interest expenses38,698,621.0911,466,886.33
Interest income41,478,845.3251,622,216.58
Add: other income71,276,971.6880,342,497.11
Investment income (Loss is listed with “-”)1,954,523,836.591,964,805,688.57
Including: Investment income on affiliated company and joint venture1,632,117,748.781,659,752,704.14
The termination of income recognition for financial assets measured by amortized cost(Loss is listed with “-”)-959,296.18-946,468.33
Exchange income (Loss is listed with “-”)　　
Net exposure hedging income (Loss is listed with “-”)　　
Income from change of fair value (Loss is listed with “-”)-40,270,333.81383,325,765.19
Loss of credit impairment (Loss is listed with “-”)4,059,750.80-11,184,647.60
Losses of devaluation of asset (Loss is listed with “-”)-138,117,315.80-178,837,472.85
Income from assets disposal (Loss is listed with “-”)3,932,344.0711,454,408.60
III. Operating profit (Loss is listed with “-”)2,765,213,733.902,940,643,546.11
Add: Non-operating income656,202.0766,467,021.62
Less: Non-operating expense25,509,569.874,158,888.17
IV. Total profit (Loss is listed with “-”)2,740,360,366.103,002,951,679.56
Less: Income tax expense90,995,689.95180,215,749.00
V. Net profit (Net loss is listed with “-”)2,649,364,676.152,822,735,930.56
(i) Classify by business continuity　　
1.continuous operating net profit (net loss listed with ‘-”)2,649,364,676.152,822,735,930.56
2.termination of net profit (net loss listed with ‘-”)　　
(ii) Classify by ownership　　
1.Net profit attributable to owner’s of parent company2,575,371,419.802,772,769,377.96
2.Minority shareholders’ gains and losses73,993,256.3549,966,552.60
VI. Net after-tax of other comprehensive income-50,662,087.7313,839,596.07
Net after-tax of other comprehensive income attributable to owners of parent company-50,662,964.0713,781,747.80
(I) Other comprehensive income items which will not be reclassified subsequently to profit of loss16,008.80　
1.Changes of the defined benefit plans that re-measured　　
2.Other comprehensive income under equity method that cannot be transfer to gain/loss16,008.80　
3.Change of fair value of investment in other equity instrument　　
4.Fair value change of enterprise's credit risk　　
5. Other　　
(ii) Other comprehensive income items which will be reclassified subsequently to profit or loss-50,678,972.8713,781,747.80
1.Other comprehensive income under equity method that can transfer to gain/loss　　
2.Change of fair value of other debt investment　　
3.Amount of financial assets re-classify to other comprehensive income　　
4.Credit impairment provision for other debt investment　　
5.Cash flow hedging reserve　　
6.Translation differences arising on translation of foreign currency financial statements-50,678,972.8713,781,747.80
7.Other　　
Net after-tax of other comprehensive income attributable to minority shareholders876.3457,848.27
VII. Total comprehensive income2,598,702,588.422,836,575,526.63
Total comprehensive income attributable to owners of parent Company2,524,708,455.732,786,551,125.76
Total comprehensive income attributable to minority shareholders73,994,132.6950,024,400.87
VIII. Earnings per share:　　
(i) Basic earnings per share2.572.79
(ii) Diluted earnings per share2.572.79
As for the enterprise combined under the same control, net profit of 0 yuan achieved by the merged party before combination
while 0 yuan achieved last period
Legal Representative: Wang Xiaodong
Person in charge of accounting works: Ou Jianbin Person in charge of accounting institute: Ou Jianbin
4. Profit Statement of Parent Company
In RMB

Item20212020
I. Operating income4,832,340,790.454,536,417,803.79
Less: Operating cost3,605,342,507.483,236,311,612.73
Taxes and surcharge29,689,175.8238,086,034.27
Sales expenses44,807,972.25126,442,956.05
Administration expenses324,244,883.74533,649,297.97
R&D expenses225,949,431.82205,001,982.50
Financial expenses-15,417,294.04-34,275,071.44
Including: interest expenses7,427,980.884,163,923.00
Interest income26,881,455.1940,948,820.72
Add: other income41,029,454.0158,782,085.85
Investment income (Loss is listed with “-”)1,758,393,772.541,816,759,403.42
Including: Investment income on affiliated Company and joint venture1,366,704,678.231,457,471,604.06
The termination of income recognition for financial assets measured by amortized cost (Loss is listed with “-”)　　
Net exposure hedging income (Loss is listed with “-”)　　
Changing income of fair value (Loss is listed with “-”)-40,747,662.86383,241,806.28
Loss of credit impairment (Loss is listed with “-”)-654,218.492,076,529.99
Losses of devaluation of asset (Loss is listed with “-”)-40,950,682.53-82,232,381.43
Income on disposal of assets (Loss is listed with “-”)850,642.47-520,470.69
II. Operating profit (Loss is listed with “-”)2,335,645,418.522,609,307,965.13
Add: Non-operating income527,726.3630,937,706.44
Less: Non-operating expense24,178,368.733,493,103.39
III. Total Profit (Loss is listed with “-”)2,311,994,776.152,636,752,568.18
Less: Income tax101,437,713.12162,713,161.17
IV. Net profit (Net loss is listed with “-”)2,210,557,063.032,474,039,407.01
(i)continuous operating net profit (net loss listed with ‘-”)2,210,557,063.032,474,039,407.01
(ii) termination of net profit (net loss listed with ‘-”)　　
V. Net after-tax of other comprehensive income　　
(I) Other comprehensive income items which will not be reclassified subsequently to profit of loss　　
1.Changes of the defined benefit plans that re-measured　　
2.Other comprehensive income under equity method that cannot be transfer to gain/loss　　
3.Change of fair value of investment in other equity instrument　　
4.Fair value change of enterprise's credit risk　　
5. Other　　
(II) Other comprehensive income items which will be reclassified subsequently to profit or loss　　
1.Other comprehensive income under equity method that can transfer to gain/loss　　
2.Change of fair value of other debt investment　　
3.Amount of financial assets re-classify to other comprehensive income　　
4.Credit impairment provision for other debt investment　　
5.Cash flow hedging reserve　　
6.Translation differences arising on translation of foreign currency financial statements　　
7.Other　　
VI. Total comprehensive income2,210,557,063.032,474,039,407.01
VII. Earnings per share:　　
(i) Basic earnings per share　　
(ii) Diluted earnings per share　　
5. Consolidated Cash Flow Statement （未完）
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