Stock Code: 200771 Stock ID: Hangqilun B Announcement No. :2023-20
Hangzhou Steam Turbine Power Group Co., Ltd.
Announcement on Extending the Auditing Services of
Pan-China CPA to Year 2023
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 2022 annual audit service,
they can fulfill their duties and follow the practice standards. The audit report issued can fully
reflect the company's 2022 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 2023 and internal control audit are RMB 1.3 million respectively; Internal
control audit cost is RMB300,000, the fees are the same as in 2022
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 No.128, Xixi Road,Lingyin Street, Xihu District, Hangzhou City, Zhejiang
Chief partner Hu Shaoxian Number of partners at the end 225 persons
Number of Certified public accountant 2,064 persons
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practitioners at the Who have signed the audit report of securities service business
780 persons
end of the last year
Total business
3.501 billion yuan
income
2021 business Audit business 3.178 billion yuan
revenue income
Securities business 1.901 billion yuan
income
Number of
612
customers
Total audit fees 632 million yuan
Manufacturing, information transmission, software and
information technology service industry, wholesale and retail
Audit of listed industry, real estate industry, construction industry, electricity,
companies (including heat, gas and water production and supply industry, financial
industry, transportation, storage and postal industry, political,
Industries mainly
A and B shares) in culture, sports and entertainment industry, leasing and business
2022 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 458
firm
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.
Bearing civil liability in civil litigations related to practice conduct in the past three years:
Suitor (Claimant for Respondent (To be Litigation (arbitration) Amount of litigation Outcome of litigation
Arbitration) arbitrated) events (arbitration). (arbitration).
The first instance
ruled that Pan-China
Some cases are in the
Yatai Pharmaceutical, Certified Public
pre-litigation mediation
Investors Tianjian, Essence Annual report Accountants (Special
stage and are not
Securities General Partnership)
counted
is jointly and
severally liable
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within 5% of the
investors’ losses, and
the occupational
insurance insured by
Pan-China Certified
Public Accountants
(Special General
Partnership) is
sufficient to cover the
amount of
compensation
The case has not yet
been tried, and the
occupational
insurance insured by
LAWTON Pan-China Certified
Investors DEVELOPMENT， Annual report Not counted Public Accountants
Tianjian (Special General
Partnership) is
sufficient to cover the
amount of
compensation
The case has not yet
been tried, and the
occupational
insurance insured by
Pan-China Certified
Donghai
Investors Annual report Not counted Public Accountants
Securities,HEAG
(Special General
Partnership) is
sufficient to cover the
amount of
compensation
The case has not yet
Pan-China Certified been tried, and the
Public Accountants occupational
(Special General insurance insured by
Partnership), Pan-China Certified
Borunte Robot Co.,
Pan-China Certified Annual report Not counted Public Accountants
Ltd
Public Accountants (Special General
(Special General Partnership) is
Partnership) sufficient to cover the
Guangdong Branch amount of
compensation
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3. Independence and integrity record
In the past three years (From January 1, 2020 to December 31, 2022), Pan-China Certified Public
Accountants (Special General Partnership) has received one administrative penalty, 13 supervision and
management measures, and one self-regulatory measure for its professional conduct, and has not
received criminal penalties or disciplinary sanctions. In the past three years, its practitioners have
received 3 administrative punishments, 31 supervision and management measures, 2
self-regulatory measures, and 3 disciplinary sanctions for their professional conduct, and have not
received criminal punishments, involving a total of 39 people.
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 2003 2019
Weiming
[Note1]
Sheng
2003 2001 2003 2019
CPA with power to Weiming
sign Lin
2013 2008 2013 2022 No
Qunhui
Quality control [Note2]
reviewer
[Note 1] In 2022, signed the 2021 annual audit report of listed companies such as Hangzhou
Steam Turbine, Longma Environmental Sanitation and Kelin Power ; In 2021, signed the 2020
annual audit report of listed companies such as Hangzhou Steam Turbine and Longma
Environmental stanitation ; in 2020, signed the 2019 annual audit of listed companies such as
Hangzhou Steam Turbine .
[Note 2] As Pan-China Certified Public Accountants is carrying out the independent rotation
of project quality reviewers, it is currently impossible to determine the quality reviewers of the
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Company's audit project in 2023. The Company will disclose relevant personnel information in a
timely manner after Pan-China Certified Public Accountants determines the project quality
reviewer.
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 2023 audit fee is RMB 1.3 million, and the internal control audit fee is RMB 300,000.
The pricing principles for 2023 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.
The Board of Directors of Hangzhou Steam Turbine Power Group Co., Ltd.
March 29,2023
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