HNHS(SH:600156) Xin Lang Zheng Quan·2025-04-15 09:29Core Viewpoint - Hunan Securities Regulatory Commission has imposed administrative measures on Hunan Huasheng Co., Ltd. due to inaccurate information disclosure and inadequate internal control management [1][2]. Group 1: Issues Identified - The company inaccurately disclosed financial data by using the gross method for revenue recognition instead of the net method for its color-woven product trading business in 2021-2022 [1]. - Internal control management was found to be inadequate, with issues such as incomplete trade business system construction, improper seal management, loss of business documents, and non-compliance in contract and financial management [1]. Group 2: Regulatory Actions - The Hunan Securities Regulatory Commission has ordered the company to rectify the identified issues and has issued warning letters to the responsible personnel, including the Chairman, General Manager, Secretary of the Board, and Chief Financial Officer [2].