Stock Code: 200771 Stock ID: Hangqilun B Announcement No. :2022-24
Hangzhou Steam Turbine Co., Ltd.
Announcement on Extending the Auditing Services of
Pan-China CPA to Year 2022
The members of the Board and the Company acknowledge being responsible for the truthfulness,
accuracy, and completeness of the announcement. Not any false record, misleading statement or
significant omission carried in this announcement.
Pan-China Certified Public Accountants is an accounting firm with securities and
futures-related business qualifications. It has many years of experience in providing audit services
to listed companies and has sufficient independence, professional competence and investor
protection capabilities. In the process of engaging in the company's 2021 annual audit service,
they can fulfill their duties and follow the practice standards. The audit report issued can fully
reflect the company's 2021 annual financial situation and operating results, and the audit results
issued conform to the actual situation of the company. The audit staff it is equipped with has the
ability to complete the audit work, complete the audit work according to the annual audit plan, and
meet the company's annual financial audit requirements.
In order to maintain the continuity of the company's audit work, the company plans to
continue to employ Pan-China Certified Public Accountants as the company's audit institution in
2022 for annual financial report and internal control, with an employment period of one year. The
relevant audit fees for 2022 and internal control audit are RMB 1.3 million respectively (the audit
fees for 2021 annual report are RMB 900,000 ); Internal control audit cost is RMB300,000
(2021 internal control audit cost is RMB 260,000).
The basic information of Pan-China Certified Public Accountants is as follows:
I. Institutional information
1. Basic information
Name of firm Pan-China Certified Public Accountants (Special General Partnership)
Date of July 18, 2011 Organizational Special General
establishment form Partnership
Registered address 6/F, No. 128, Xixi Road, Xihu District, Hangzhou City, Zhejiang
Chief partner Hu Shaoxian Number of partners at the end 210
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of the last year
Number of Certified public accountant 1,901
practitioners at the Who have signed the audit report of securities service business
749
end of the last year
Total business
3.06 billion yuan
income
2020 business Audit business 2.72 billion yuan
revenue income
Securities business 1.88 billion yuan
income
Number of
529
customers
Total audit fees 570 million yuan
Manufacturing, information transmission, software and
information technology service industry, wholesale and retail
industry, real estate industry, construction industry, electricity,
Audit of listed
heat, gas and water production and supply industry, financial
companies (including
industry, transportation, storage and postal industry, political,
A and B shares) in Industries mainly
culture, sports and entertainment industry, leasing and business
2020 involved
service industry, water conservancy, environment and public
facilities management industry, scientific research and
technical service industry, agriculture, forestry, animal
husbandry, fishery, mining industry, accommodation and
catering industry, education, general, etc.
Audit clients of listed companies in the same industry by the firm 395
2. Investor protection capabilities
At the end of last year, Pan-China Certified Public Accountants (Special General Partnership) had
accrued a total of more than 100 million yuan in the occupational risk fund, and the cumulative
compensation limit for the purchased occupational insurance exceeded 100 million yuan. The
accrual of the occupational risk fund and the purchase of occupational insurance comply with the
Ministry of Finance’s relevant provisions in the "Administrative Measures for Professional Risk
Funds of Accounting Firms" and other documents.
In the past three years, Pan-China Certified Public Accountants (Special General Partnership) had no
civil liability for the concluded civil litigation related to practice activities.
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3. Independence and integrity record
Pan-China Certified Public Accountants (Special General Partnership) has been subject to
supervision and management measures 14 times due to its practice in the past three years, and has
not received criminal penalties, administrative penalties, self-regulatory measures and disciplinary
sanctions. 36 employees have been subject to supervision and management measures 20 times due
to their practice in the past three years, and have not received criminal penalties, administrative
penalties, or self-regulatory measures.
II. Project information
1. Personnel information
Information
about the
signing or
When start
When start When start review of
When providing
Project team members Name auditing listed practicing in audit reports
become CPA audit services
companies the firm of listed
for the firm
companies in
the past three
years
Sheng
Project partner 2003 2001 2001 2019
Weiming
[Note 1]
Sheng
2003 2001 2001 2019
CPA with power to Weiming
sign Lin
2013 2008 2006 2022 No
Qunhui
Quality control Ning
2008 2005 2008 2021 [Note 2]
reviewer Yifeng
[Note 1] In 2021, signed the 2020 annual audit report of listed companies such as Hangzhou
Steam Turbine and Longma Environmental Sanitation ; In 2020, signed the 2019 annual audit
report of listed companies such as Hangzhou Steam Turbine; in 2019, signed the 2018 annual
audit of listed companies such as Jiemei Technology.
[Note 2] In 2021, signed the 2020 annual audit reports of listed companies such as Great Wall
Technology，Yongjin Technology and Wellsun Intelligent; In 2020, signed the 2019 audit reports
of listed companies such as Insigma Technology, and Yongjin Technology; In 2019, signed the
2018 annual audit reports of listed companies such as Insigma Technology and Xianghe Industrial.
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2. Integrity record
In the past three years, project partners, certified public accountants with power to sign, and
project quality control reviewers have not received criminal penalties for their practice, and have
not been subject to administrative penalties and supervisory measures by the China Securities
Regulatory Commission and its dispatched agencies and the industry authorities, nor subject to the
situation of self-regulatory measures and disciplinary sanctions from stock exchange and
self-regulatory organizations such as industry associations.
3. Independence
Pan-China Certified Public Accountants (Special General Partnership) and project partners,
certified public accountants with power to sign, and project quality control reviewers have no
circumstances that may affect independence.
4. Audit fee pricing principles
The 2022 audit fee is RMB 1.3 million, and the internal control audit fee is RMB 300,000.
The pricing principles for 2022 audit fees and internal control audit fees are mainly based on the
Company’s business scale, industry, and accounting processing complexity, etc., and are according
to the Company's annual report auditing needs of the auditors and workload and the firm's fee
standards, and upon referring to the audit fees paid by the Company in previous years, it’s finally
determined by both parties by consult.
III. Procedures performed to renew/change the accounting firm
1. Duty performance of the audit committee
The audit committee of the Company’s board of directors convened three communication
meetings in advance on the 2021 annual report, and conducted an investigation and evaluation of
the 2021 financial audit work of Pan-China Certified Public Accountants (Special General
Partnership). The Company’s audit committee considered that: Pan-China Certified Public
Accountants (Special General Partnership) can complete the audit work on time in accordance
with the 2021 financial report audit plan, and it issued the audit opinion for the 2021 financial
report on schedule; in the implementation of the 2021 audit work, it can abide by the professional
ethics and follow the audit standard of the Chinese certified public accountant to implement the
audit work, the relevant audit opinions are objective and fair, and the various tasks entrusted by
the Company have been completed well. The audit committee reviewed the relevant qualification
certificates, relevant information and integrity records of Pan-China Certified Public Accountants,
and recognized the independence, professional competence and investor protection capabilities of
Pan-China Certified Public Accountants. After the fourth meeting of the eighth session of the
Audit Committee, the "Proposal on the 2021 Work Evaluation and the 2022 Renewal of
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Pan-China Certified Public Accountants " was reviewed and approved, and it’s agreed to be
submitted to the 23rd meeting of the eighth board of directors for deliberation.
2. Prior recognition and independent opinions of independent directors
The independent directors of the Company issued explicit and agreed pre-approval opinions
and independent opinions on the matter. For details, please refer to the relevant announcement
disclosed by the Company on www.cninfo.com.cn (http://www.cninfo.com.cn) on the same day.
3. Explanation of voting
The 23rd meeting of the eighth session of the Company's board of directors reviewed and
approved the "Proposal on the Company's Renewal of the Appointment of Pan-China Certified
Public Accountants as the 2022 Audit Agency" with 8 votes in favor, 0 votes against, and 0
abstentions.
4. Effective date
The appointment of the accounting firm still needs to be submitted to the Company's 2021 annual
general meeting of shareholders for deliberation, and it will take effect from the date of approval
by the Company's general meeting of shareholders.
IV. Filing documents
(1) Resolutions of the 23rd meeting of the 8th board of directors;
(2) Documents certifying the performance of the audit committee's duties;
(3) Written opinions of independent directors;
(4) Explanation on the basic information of the accounting firm to be appointed.
The Board of Directors of Hangzhou Steam Turbine Co., Ltd.
March 31,2022
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