ENC(SH:603869) Zheng Quan Zhi Xing·2025-04-03 10:11Summary of Key Points Core Viewpoint - The company has corrected prior accounting errors and made retrospective adjustments to its financial statements to better reflect its financial condition and operating results, following the findings of an administrative penalty decision [1]. Group 1: Overview of Accounting Error Corrections - The company held board meetings on April 28, 2024, to approve the proposal for correcting prior accounting errors, which included adjustments related to sales revenue, structured deposits, transactions with minority shareholders, contract assets, and receivables [1]. - The adjustments were made in accordance with relevant accounting standards and regulations, ensuring a comprehensive review of financial data for the years affected [1]. Group 2: Financial Statement Adjustments - The adjustments impacted various financial statement items, including: - Sales revenue was reduced by approximately 882.34 million yuan for 2021 and 70.22 million yuan for 2022 [2][4]. - The company reported a decrease in accounts receivable by 620.35 million yuan for 2019 and 300.28 million yuan for 2020 [3][4]. - The capital reserve increased by 131.46 million yuan for 2020, reflecting adjustments made to previous years [3][4]. Group 3: Impact on Financial Performance - The corrections resulted in a significant impact on the consolidated income statement, with operating income adjusted to approximately 867.78 million yuan for 2023 and 1.10 billion yuan for 2022 [4]. - The company also reported changes in net profit, with unallocated profits adjusted to 803.68 million yuan for 2023 [3][4]. Group 4: Cash Flow Statement Adjustments - The cash flow from sales of goods and services was adjusted downwards by 266.73 million yuan for 2023, resulting in a revised total of approximately 923.41 million yuan [4][8]. - Other cash inflows related to financing activities were adjusted upwards by the same amount, reflecting the corrections made [4][8]. Group 5: Board's Opinion - The board of directors believes that the corrections and retrospective adjustments comply with accounting standards and enhance the quality of financial information, providing a more accurate representation of the company's financial status [8].