Recently, Suzhou Yangzijiang New Materials Co., Ltd. (hereinafter referred to as "Yangzi New Materials") issued an announcement on the change of accounting firm.
The announcement said that the company's originally hired ShineWing Zhonghe Certified Public Accountants (Special General Partnership) 2021 annual financial statement audit business has become saturated, and will no longer undertake the audit business of Yangzi New Material in 2021.
Therefore, taking into account its own business development and the needs of the 2021 annual report audit, Yangzi New Material intends to change the 2021 annual financial audit institution and internal control audit institution to Chongqing Kanghua Accounting Firm (special general partnership).
ShineWing has no objection to the change of accounting firm.
According to public information, the history of Chongqing Kanghua Accounting Firm to be hired dates back to 1985; in June of that year, Chongqing Audit Firm was established and subordinate to the Chongqing Municipal Audit Bureau; in July 1999, Chongqing Audit Firm was restructured to form Chongqing Kanghua Accounting Firm Co., Ltd.; in September 2020, it was transformed into Chongqing Kanghua Accounting Firm (Special General Partnership).
Chongqing Kanghua has not been engaged in the securities service industry before, and in 2020, it has just entered the filing list of accounting firms engaged in securities service business issued by the Ministry of Finance and the Securities Regulatory Commission. In 2020, the firm's total revenue was 70.9887 million yuan, the audit business income was 70.9597 million yuan, the securities business income was 0 yuan, the number of audit companies was 1003, and the number of listed company annual report auditors was 0.
At the same time, Yangzi New Material also indicated in the announcement that the "Proposal on Changing the Accounting Firm" was deliberated and passed at the tenth meeting of the fifth board of directors and the fifth meeting of the fifth board of supervisors.
According to the data, in November 2002, Yangzi New Material was established. The predecessor of the company is Suzhou Yangzi Jiangcai Steel Plate Co., Ltd., which was changed to a joint-stock limited company in November 2008 with a registered capital of 80 million yuan and was listed in January 2012. The company's business scope includes research and development, production, processing, sales of organic coated boards and substrates.
At present, the legal representative of Yangzi New Material is Wang Gonghu, and the largest shareholder is Nanning Yiran Pension Industry Partnership (Limited Partnership), which holds 30% of the shares of Yangzi New Material.
According to Tianyan, from April 2018 to November 2019, the legal representative of Yangzi New Materials has changed three times, from the initial Hu Weilin to the current Wang Gonghu.
Through the review of Yangzi New Material's past audit reports, it was found that since 2018, the company has also changed its accounting firm twice. The 2018 annual report and the previous 5 years were audited by Ruihua, the 2019 annual report was audited by Zhongjian Zhonghuan, and the annual report in 2020 was audited by ShineWing.
Among them, Yangzi New Material has been issued a qualified opinion for two consecutive years from 2019 to 2020, and the audit fee in 2020 has risen from 600,000 yuan to 2.1 million yuan.
2020 Annual Report Audit Status
2019 Annual Report Audit Status
2018 Annual Report Audit Status