Fuyao Glass releases Ernst & Young's 2025 Annual Audit Performance Evaluation Report, recognizing its professional competence and independence.

Zhongfang Network Data
Fuyao Glass Industry Group Co., Ltd. recently released an evaluation report regarding the performance of the accounting firm for the 2025 annual audit. The report shows that the company has engaged Ernst & Young Huaming LLP and Ernst & Young as the domestic and overseas audit firms for the 2025 fiscal year, respectively. After a comprehensive evaluation, the company believes that Ernst & Young has complied with professional qualifications effectively in the past year of auditing, has a professional team capable of fulfilling its duties, strictly adheres to professional ethics, maintains good independence, and diligently fulfills its auditing responsibilities.

The evaluation report elaborates on Ernst & Young’s qualification conditions, quality management system, and past performance records. Ernst & Young Huaming, as a special general partnership firm, holds a practice qualification issued by the Ministry of Finance and is registered with the PCAOB in the United States. As of the end of 2025, it has 249 partners and over 1,700 registered public accountants. Its total audited business revenue for the fiscal year 2024 is CNY 5.71 billion, of which the revenue from securities business is CNY 2.369 billion. In the past three years, Ernst & Young Huaming and its related personnel have been subjected to a small number of supervisory measures; however, according to the evaluation, this does not affect its continued engagement in securities services.

In terms of quality management, Ernst & Young has established a comprehensive system covering eight elements and implements strict integrated management between headquarters and branches. For the company’s 2025 audit, Ernst & Young has assigned a dedicated team, with core members possessing many years of experience in auditing listed companies and the manufacturing industry. Key personnel, including project partner Fu Jun, signing registered accountant Hao Xinxin, and project quality control reviewer Xu Fei, have not faced any penalties for their professional conduct in the past three years.

The company pointed out that Ernst & Young developed a comprehensive and feasible audit plan during the audit process, effectively coordinating with the company’s disclosure timeline, and communicated with regulatory agencies on significant matters, providing valuable advice. Ernst & Young Huaming has accrued sufficient professional risk reserves and purchased professional insurance, with a cumulative compensation limit exceeding CNY 200 million, demonstrating good investor protection capability.

Based on the above evaluation, Fuyao Glass believes that Ernst & Young adhered to the principles of independence, objectivity, and fairness in the 2025 audit work, and the audit report fairly reflects the company’s financial condition and operating results, with professional opinions and credibility.

Massive information and precise interpretation, all in the Sina Finance APP