LZCIC(SH:600423) Zheng Quan Zhi Xing·2025-07-25 16:25Core Viewpoint - The company has announced corrections of prior accounting errors and retrospective adjustments affecting financial statements from 2021 to 2024, ensuring compliance with relevant accounting standards and regulations [1][2][3]. Summary by Sections 1. Reasons for Accounting Error Corrections - The company was directed by the regulatory authority to correct accounting errors due to the misapplication of revenue recognition methods, specifically using gross instead of net accounting for certain trade transactions [3][5]. 2. Financial Impact of Corrections - The adjustments resulted in reductions of revenue and costs for the following years: - 2021: Revenue and costs reduced by 15,486,205.45 CNY [5] - 2022: Revenue and costs reduced by 12,011,555.98 CNY [5] - 2023: Revenue and costs reduced by 7,156,511.68 CNY [5] - 2024 Q1: Revenue and costs reduced by 893,850.10 CNY [5] - 2024 H1: Revenue and costs reduced by 4,028,843.56 CNY [5] - 2024 Q3: Revenue and costs reduced by 6,238,227.10 CNY [5] - The corrections do not affect total assets, liabilities, net assets, net profit, or net cash flow from operating activities [5]. 3. Review and Approval Process - The Audit Committee, Board of Directors, and Supervisory Committee have all reviewed and approved the corrections, confirming compliance with accounting standards and regulations [6][7]. 4. Auditor's Opinion - The auditing firm provided a report affirming that the corrections were made in accordance with applicable accounting standards and accurately reflect the company's financial situation [8]. 5. Future Commitments - The company emphasizes its commitment to improving financial oversight, training for accounting personnel, and enhancing information disclosure and internal controls to prevent future issues [8].