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Stock Code:3013
CHENMING ELECTRONIC TECHNOLOGY CORP.
AND SUBSIDIARIES
CONSOLIDATED FINANCIAL STATEMENTS
With Independent Auditors' Review Report
For the Nine Months Ended September 30, 2022 and 2021
The independent auditors' review report and the accompanying consolidated financial statements are the English translation of the Chinese version prepared and used in the Republic of China. If there is any conflict between, or any difference in the interpretation of the English and Chinese language independent auditors' review report and consolidated financial statements, the Chinese version shall prevail.
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Table of contents
Contents | Page | |||
1. | Cover Page | 1 | ||
2. | Table of Contents | 2 | ||
3. | Independent Auditors' Review Report | 3 | ||
4. | Consolidated Balance Sheets | 4 | ||
5. | Consolidated Statement of Comprehensive Income | 5 | ||
6. | Consolidated Statement of Changes in Equity | 6 | ||
7. | Consolidated Statement of Cash Flows | 7 | ||
8. | Notes to the Consolidated Financial Statements | |||
(1) | Company history | 8 | ||
(2) | Approval date and procedures of the consolidated financial statements | 8 | ||
(3) | New standards, amendments and interpretations adopted | 8~10 | ||
(4) | Summary of significant accounting policies | 10~11 | ||
(5) | Significant accounting assumptions and judgments, and major sources | 11 | ||
of estimation uncertainty | ||||
(6) | Explanation of significant accounts | 12~30 | ||
(7) | Related-party transactions | 31~32 | ||
(8) | Pledged assets | 32 | ||
(9) | Commitments and contingencies | 33 | ||
(10) | Losses due to major disasters | 33 | ||
(11) | Subsequent events | 33 | ||
(12) | Other | 33~34 | ||
(13) | Other disclosures | |||
(a) Information on significant transactions | 34~37 | |||
(b) Information on investees | 37 | |||
(c) Information on investment in mainland China | 37~38 | |||
(d) Major shareholders | 38 | |||
(14) | Segment information | 39 |
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Independent Auditors' Review Report
To the Board of Directors of CHENMING ELECTRONIC TECHNOLOGY CORP.:
Introduction
We have reviewed the accompanying consolidated balance sheets of CHENMING ELECTRONIC TECHNOLOGY CORP. (the "Company") and its subsidiaries (the "Group") as of September 30, 2022 and 2021, and the related consolidated statements of comprehensive income for the three months and nine months then ended, as well as the changes in equity and cash flows for the nine months then ended, and notes to the consolidated financial statements, including a summary of significant accounting policies. Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and International Accounting Standard 34, " Interim Financial Reporting" , endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China. Our responsibility is to express a conclusion on the consolidated financial statements based on our reviews.
Scope of Review
We conducted our reviews in accordance with the Statement of Auditing Standard 65, "Review of Financial Information Performed by the Independent Auditor of the Entity" . A review of the consolidated financial statements consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the generally accepted auditing standards, and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
Conclusion
Based on our reviews, nothing has come to our attention that causes us to believe that the accompanying consolidated financial statements do not present fairly, in all material respects, the consolidated financial position of the Group as of September 30, 2022 and 2021, and of its consolidated financial performance for the three months and nine months then ended, as well as its consolidated cash flows for the nine months then ended in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and International Accounting Standard 34, " Interim Financial Reporting" endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China.
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The engagement partners on the reviews resulting in this independent auditors'review report are Yi Wen Wang and Szu-Chuan Chien .
KPMG
Taipei, Taiwan (Republic of China)
November 9, 2022
Notes to Readers
The accompanying consolidated financial statements are intended only to present the consolidated financial position, financial performance, and cash flows in accordance with the accounting principles and practices generally accepted in the Republic of China and not those of any other jurisdictions. The standards, procedures, and practices to review such consolidated financial statements are those generally accepted and applied in the Republic of China.
The independent auditors' review report and the accompanying consolidated financial statements are the English translation of the Chinese version prepared and used in the Republic of China. If there is any conflict between, or any difference in the interpretation of the English and Chinese language independent auditors' review report and consolidated financial statements, the Chinese version shall prevail.
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(English Translation of Consolidated Financial Statements Originally Issued in Chinese)
Reviewed only, not audited in accordance with generally accepted auditing standards as of September 30, 2022 and 2021
CHENMING ELECTRONIC TECHNOLOGY CORP. AND SUBSIDIARIES
Consolidated Balance Sheet
September 30, 2022, December 31, 2021, and September 30, 2021
(Expressed in Thousands of New Taiwan Dollars)
September 30, 2022 | December 31, 2021 | September 30, 2021 | |||||||||||
Assets | Amount | % | Amount | % | Amount | % | |||||||
Current assets: | |||||||||||||
1100 | Cash and cash equivalents (note (6)(a)) | $ | 382,922 | 5 | 222,648 | 3 | 254,031 | 5 | |||||
1110 | Current financial assets at fair value through profit or | ||||||||||||
loss (note (6)(b)) | 1,853 | - | - | - | - | - | |||||||
1170 | Trade receivables, net (notes (6)(c) and (6)(q)) | 2,145,239 | 30 | 2,199,511 | 31 | 1,675,585 | 30 | ||||||
1310 | Inventories, net (note (6)(d)) | 1,417,713 | 20 | 1,360,682 | 19 | 1,421,011 | 25 | ||||||
1479 | Other current assets | 71,602 | 1 | 85,166 | 1 | 76,695 | 1 | ||||||
4,019,329 | 56 | 3,868,007 | 54 | 3,427,322 | 61 | ||||||||
Non-current assets: | |||||||||||||
1600 | Property, plant, and equipment (notes (6)(f), (7) and | ||||||||||||
(8)) | 2,532,588 | 36 | 2,812,920 | 39 | 1,558,590 | 28 | |||||||
1755 | Right-of-use assets (notes (6)(g) and (7)) | 346,806 | 5 | 224,544 | 3 | 228,918 | 4 | ||||||
1760 | Investment property, net (notes (6)(h) and (8)) | 173,091 | 3 | 195,162 | 3 | 195,471 | 3 | ||||||
1780 | Intangible assets | 11,845 | - | 14,084 | - | 10,374 | - | ||||||
1840 | Deferred income tax assets | 5,902 | - | 5,780 | - | 14,005 | - | ||||||
1980 | Other non-current financial assets (note (8)) | 16,509 | - | 20,463 | - | 29,153 | 1 | ||||||
1990 | Other non-current assets (notes (6)(f)) | 8,626 | - | 70,942 | 1 | 152,241 | 3 | ||||||
3,095,367 | 44 | 3,343,895 | 46 | 2,188,752 | 39 |
Total assets | $ | 7,114,696 100 | 7,211,902 100 | 5,616,074 100 | ||||||||
September 30, 2022 | December 31, 2021 | September 30, 2021 | ||||||||||||||||
Liabilities and Equity | Amount | % | Amount | % | Amount | % | ||||||||||||
Current liabilities: | ||||||||||||||||||
2100 | Short-term loans (note (6)(i)) | $ | 110,000 | 2 | 1,030,771 | 15 | 626,797 | 11 | ||||||||||
2130 | Current contract liabilities (note (6)(q)) | 443 | - | 674 | - | 686 | - | |||||||||||
2170 | Trade payables | 2,163,991 | 31 | 1,965,398 | 27 | 1,631,102 | 29 | |||||||||||
2200 | Other payables | 242,232 | 3 | 257,855 | 4 | 243,573 | 4 | |||||||||||
2220 | Other payables-related parties (notes (6)(e) and (7)) | 22,225 | - | 33,216 | - | 33,420 | 1 | |||||||||||
2230 | Current tax liabilities | 42,248 | 1 | 526 | - | 104 | - | |||||||||||
2280 | Current lease liabilities (notes (6)(k) and (7)) | 13,345 | - | 6,690 | - | 9,220 | - | |||||||||||
2300 | Other current liabilities | 3,152 | - | 585 | - | 900 | - | |||||||||||
2,597,636 | 37 | 3,295,715 | 46 | 2,545,802 | 45 |
Non-current liabilities: | ||||||||||||||
2540 | Long-term loans (note (6)(j)) | 1,376,684 | 19 | 1,663,458 | 23 | 793,000 | 15 | |||||||
2580 | Non-current lease liabilities (notes (6)(k) and (7)) | 123,455 | 2 | 2,936 | - | 3,109 | - | |||||||
2645 | Guarantee deposits | 25,990 | - | 8,062 | - | 7,815 | - | |||||||
1,526,129 | 21 | 1,674,456 | 23 | 803,924 | 15 | |||||||||
Total liabilities | 4,123,765 | 58 | 4,970,171 | 69 | 3,349,726 | 60 | ||||||||
Equity attributable to owners of parent (note | ||||||||||||||
(6)(o)): | ||||||||||||||
3100 | Ordinary shares | 1,959,350 | 28 | 1,559,350 | 22 | 1,559,350 | 27 | |||||||
3200 | Capital surplus | 313,563 | 3 | 173,563 | 2 | 173,563 | 3 | |||||||
3300 | Retained earnings | 749,730 | 11 | 575,472 | 8 | 609,986 | 11 | |||||||
3410 | Exchange differences on translation of foreign | |||||||||||||
financial statements | (31,712) | - | (66,654) | (1) | (76,551) | (1) | ||||||||
Total equity | 2,990,931 | 42 | 2,241,731 | 31 | 2,266,348 | 40 | ||||||||
Total liabilities and equity | $ | 7,114,696 | 100 | 7,211,902 | 100 | 5,616,074 | 100 | |||||||
See accompanying notes to consolidated financial statements.
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Chenming Mold Industrial Corp. published this content on 16 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 December 2022 08:42:05 UTC.