Manuscripts Don't Lie

The story takes place in a new energy equipment company that is preparing to go public: Xinghan Technology Co., Ltd. Xinghan Technology claims to have mastered the core technology of new generation energy storage. Its revenue has surged for three consecutive years, and its profit margin is much higher than that of its peers. It is called the "Light of Domestic Energy Storage" by the capital market. The company is rushing to be listed on the Hong Kong stock market, and investment banks, law firms, securities firms, and accounting firms are all entering the market. The protagonist team comes from a large accounting firm and is assigned to conduct the listing audit of Xinghan Technology. At the beginning, the project was just an ordinary annual review plus a listing audit, but abnormalities soon occurred: The customer's core supplier suddenly canceled. The bank confirmation has not been returned yet. A financial manager lost contact during the audit. During the inventory count, it was discovered that a large amount of "high-value raw materials" could not be opened for inspection. A huge advance payment seemed normal, but behind it it led to a shell company. What's even weirder is that every key anomaly in Xinghan Technology has a "reasonable explanation". This is not crude fakery. This is a bureau designed by someone who understands auditing rules.