China Tianrui Cuts Audit Costs With Switch From KPMG to Ascenda Cachet

The latest update is out from China Tianrui Automotive Interiors Co., Ltd. ( (HK:6162) ).

China Tianrui Automotive Interiors Co., Ltd. has replaced KPMG with Ascenda Cachet CPA Limited as its auditor after a review of professional fees concluded that KPMG’s proposed 2025 audit fee of RMB2.1 million was no longer competitive relative to the group’s operational scale and audit scope. The audit committee selected Ascenda Cachet, which quoted about RMB966,000, after assessing other reputable firms and determining that the lower fee remained reasonable and aligned with market practices.

The company emphasised that the reduced audit fee results from operational efficiencies and targeted resource deployment by Ascenda Cachet rather than any cut in audit scope or quality. Ascenda Cachet has committed to using an experienced engagement team, concentrating senior expertise on critical audit areas and maintaining regular, proactive communication with management and the audit committee, aiming to preserve audit quality while supporting the company’s broader cost-control strategy and governance standards.

The most recent analyst rating on (HK:6162) stock is a Sell with a HK$0.21 price target. To see the full list of analyst forecasts on China Tianrui Automotive Interiors Co., Ltd. stock, see the HK:6162 Stock Forecast page.

More about China Tianrui Automotive Interiors Co., Ltd.

China Tianrui Automotive Interiors Co., Ltd. is a Hong Kong-listed company engaged in the automotive interiors industry, focusing on the design and manufacture of interior components for vehicles. The group’s operations and cost structure are closely monitored by its board and audit committee, reflecting an emphasis on governance, risk management and cost control in a competitive market environment.

Average Trading Volume: 15,714,711

Technical Sentiment Signal: Hold

Current Market Cap: HK$402M

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