Yinjiang Technology's latest claim news:
On April 29, 2024, Yinjiang Technology Co., Ltd. issued an audit report that could not express an opinion (report number: Zhongxing Hua Shen Zi [2024] No. 510023). The relevant matters are explained as follows:
1. Unable to express the main content of the opinion
(1) Matters involving large amounts of capital transactions Yinjiang Technology Company
In 2023, a total of 518.2366 million yuan will be transferred to Hangzhou Lingtou Technology Co., Ltd. (hereinafter referred to as Lingtou Technology) (showing the inflow of funds at the end of the quarter and the outflow of funds at the beginning of the quarter), with a balance of 13.0854 million yuan at the end of the year. Part of the funds were transferred from the special fundraising account to a third party, and then from the third party to Lingtou Technology. Yinjiang Technology Co., Ltd. has disclosed the capital transactions with Lingtou Technology in the summary table of non-operating capital occupation and other related capital transactions in 2023. We were unable to obtain sufficient and appropriate audit evidence to determine the true purpose and nature of the large amount of capital transactions between Yinjiang Technology and Lingtou Technology, the relationship between the two companies, and the possible impact of the above events on the financial statements.
(2) The accuracy and completeness of costs and expenses
According to the 2023 litigation judgments of Yinjiang Technology Company, there is a large difference between the amount of project payment and service fee claimed by some suppliers involved in Yinjiang Technology Company and the amount of payable confirmed by Yinjiang Technology Company, and Silver Technology Company has not been able to provide a reasonable explanation for the difference in the cost and expense of the relevant project, and we cannot determine whether there are similar situations in other projects. In response to the above-mentioned anomalies, we have implemented audit procedures such as contract and voucher inspection, correspondence, inquiry, on-site inspection, bank account flow check, and counterparty background information public inquiry and interview, but we are still unable to obtain satisfactory audit evidence to judge the authenticity and commercial rationality of these transactions, nor can we judge the accuracy and completeness of the cost of the project. Therefore, we cannot determine whether it is necessary to make adjustments to the accounting treatment of the above matters, nor can we determine the amount of adjustments that should be made and the impact on the financial statements and disclosures.
2. Reasons and basis for expressing opinions that cannot be expressed
(1) The overall materiality level of the consolidated financial statements In the audit of the financial statements, we determine the materiality in accordance with the Chinese Certified Public Accountants Auditing Standard No. 1221 - Importance when planning and executing audit work and its application guidelines, and since Yinjiang Technology Company is a for-profit entity, we use the consolidated net profit of Yinjiang Technology Company after the audit in 2023 as the benchmark of -235.9711 million yuan, based on 5% The materiality level of the consolidated financial statements as a whole is $11.8 million, and the method of recognition of materiality level remains unchanged from the previous year.
(2) The reasons and basis for expressing an opinion that cannot be expressed
3. The impact of the matters involved in the opinion on the financial position and operating results of the reporting period cannot be expressed
4. Whether there are any circumstances in which the certified public accountant can determine that there is a material misstatement based on the audit evidence obtained in the matters covered by the opinion
According to the Securities Law and the Several Provisions of the Supreme People's Court on the Trial of Civil Compensation Cases Arising from False Statements in the Securities Market, listed companies shall be liable for civil compensation if their rights and interests are damaged due to illegal information disclosure and misrepresentation, and the injured investors have the right to claim compensation for losses.
The conditions for Yinjiang Technology's claim are as follows:
Those who buy 300020 Yinjiang Technology between January 1, 2023 and April 30, 2024, and sell or continue to hold it after May 6, 2024 (inclusive).
The above claim registration conditions only represent the views of the stock protection team, and are not used as any securities investment decisions and trading recommendations, and are subject to the final determination of the court.
Basis for Yinjiang Technology's violation:
On March 11, 2021, Guangdong Rongtai received the Prior Notice of Administrative Punishment and Market Ban from the Guangdong Supervision Bureau of the China Securities Regulatory Commission (Guangdong Zheng Jian Zhi Zi [2021] No. 5) (No. 2020-016).
On May 13, 2021, Guangdong Rongtai received the Administrative Penalty Decision ([2021] No. 8) from the Guangdong Supervision Bureau of the China Securities Regulatory Commission.