Private equity funds of limited partnerships may prepare consolidated statements.

For private equity funds organized in the form of limited partnerships, the reporting format is generally in accordance with the new standards stipulated in the "Notice of the Securities Association of China on the Issuance of the Guidelines for the Accounting Business of Securities Investment Funds" (Zhongzheng Xianfa [2007] No. 56)

Securities investment fund report format, but the following adjustments need to be made: 1. In view of the actual situation that most of the invested companies are not listed and the subsequent fair value is difficult to obtain continuously, a "long-term equity investment" project needs to be set up. According to the "Accounting Standards for Business Enterprises No. 2 -

—Long-term Equity Investment" shall be used to account for unlisted equity investments.

2. Owner's equity can be called "partner's equity", which consists of two items: "partner's capital contribution" and "undistributed profits".

When presenting the statement of changes in partners' equity, it can be further divided into general partners' equity and limited partners' equity to list the opening and closing balances and increases and decreases of each item.