JINKE PROPERTY(SZ:000656) Shang Hai Zheng Quan Bao·2025-05-05 20:08Core Viewpoint - The company, Jinke Property Group Co., Ltd., received administrative regulatory measures from the Chongqing Securities Regulatory Bureau due to inaccurate financial disclosures related to inventory impairment provisions for the year 2021 [2][3][4]. Group 1: Regulatory Measures - The Chongqing Securities Regulatory Bureau issued a decision requiring the company to correct its disclosures and issued a warning letter due to insufficient inventory impairment provisions in the 2021 financial report [3][4]. - The company has acknowledged the issues and is required to submit a written rectification report within 30 days, detailing corrective measures and responsible parties [4][6]. Group 2: Financial Reporting Issues - In 2021, the company miscalculated impairment provisions due to erroneous data and unreasonable future price estimates, leading to inaccurate financial reporting [2][5]. - The company has since conducted a comprehensive review of inventory impairment provisions from 2021 to 2023 and has strengthened its management of impairment testing [2][6]. Group 3: Impact on Operations - The administrative measures are not expected to significantly impact the company's normal operations or the restructuring plans that have already been approved [2][6]. - The company will continue to advance its restructuring efforts despite the regulatory actions [2][6].