Chongqing M&E (Chongqing M&E) has been approved by the board of directors on August 21, 2024, and announced the interim report as of June 30, 2024. The report includes the consolidated financial statements of Chongqing M&E and its subsidiaries, prepared in accordance with the enterprise accounting standards and relevant regulations issued by the Ministry of Finance. The company adopts a perpetual inventory system, and inventory is measured at actual cost. The long-term equity investment in subsidiaries is accounted for using the cost method, while equity method is applied to joint ventures and associated companies. Investment properties are initially recognized at cost, and subsequent costs are added to the initial cost if they are likely to bring economic benefits. Fixed assets...Show More

Chongqing M&E (Chongqing M&E) has been approved by the board of directors on August 21, 2024, and announced the interim report as of June 30, 2024. The report includes the consolidated financial statements of Chongqing M&E and its subsidiaries, prepared in accordance with the enterprise accounting standards and relevant regulations issued by the Ministry of Finance. The company adopts a perpetual inventory system, and inventory is measured at actual cost. The long-term equity investment in subsidiaries is accounted for using the cost method, while equity method is applied to joint ventures and associated companies. Investment properties are initially recognized at cost, and subsequent costs are added to the initial cost if they are likely to bring economic benefits. Fixed assets are depreciated using the straight-line method. Financial assets and liabilities are recognized when the company becomes a party to a financial instrument contract. The distinction between financial liabilities and equity instruments is based on whether there is an obligation to deliver cash or other financial assets. The report shows that the balance of cash and cash equivalents at the end of the period is RMB 1,523,098,259.16. The company's accounting policies and estimates are reviewed annually and adjusted as necessary. The interim report will be made available on the company's website and the stock exchange website around September 10, 2024. The borrowing costs directly attributable to the acquisition, construction, or production of qualifying assets are capitalized during the period required to prepare the asset for its intended use or sale. Right-of-use assets refer to the right to use leased assets during the lease term as a lessee. Intangible assets include land use rights, technology know-how, brands, customer relationships, franchise rights, and software, and are recognized at cost. Deferred tax assets and liabilities are recognized based on temporary differences between the tax basis and the carrying amount of assets and liabilities. The group has pledged and the amount of bills receivable not yet due at the end of the period is RMB 53,552,664.48. The group has no overdue short-term borrowings at the end of the period, and there are no unpaid notes due. The group's long-term receivables are loans to related parties, and according to the group's financial asset accounting policies, no provisions are made for bad debts.