CFLED(SZ:300301) Zheng Quan Zhi Xing·2025-08-04 16:47Core Viewpoint - The document outlines the accounting policy, accounting estimate changes, and accounting error correction management system of Shenzhen Changfang Group Co., Ltd, aiming to enhance financial management and ensure the authenticity, accuracy, and completeness of accounting information while protecting investors' rights [2][3]. Group 1: General Principles - The system is established to adapt to the company's operational needs and strengthen financial accounting management [2]. - It applies to the company and its wholly-owned and controlling subsidiaries regarding accounting policy changes, accounting estimate changes, and accounting error corrections [2]. - The company is prohibited from manipulating financial indicators through changes in accounting policies and estimates [2]. Group 2: Decision-Making Procedures - The finance department is responsible for researching and drafting proposals for changes in accounting policies, estimates, and corrections, with the board secretary handling communications with regulatory bodies [3]. - Changes must follow legal regulations and the established decision-making procedures [3]. Group 3: Accounting Policy Changes - Changes can be mandated by laws or made autonomously by the company, requiring a detailed report on the change's nature, reasons, and impacts [4]. - If the change significantly affects net profit or net assets (over 50%), it must be submitted for shareholder approval after board approval [4][5]. Group 4: Accounting Estimate Changes - Changes in accounting estimates must follow similar reporting requirements as policy changes and require board approval before disclosure [5]. - Significant impacts (over 50% on net profit or net assets) necessitate shareholder approval and disclosure of the auditor's special opinion [5]. Group 5: Accounting Error Corrections - Corrections apply to publicly disclosed reports with errors, requiring a comprehensive audit or special verification by an accounting firm [6]. - If corrections lead to a change in profit or loss nature, a new audit report is required [6]. Group 6: Information Disclosure - The company must disclose details of accounting policy changes, including the nature of the change, its impact, and any necessary retrospective adjustments [7][8]. - For accounting error corrections, a separate report must be issued detailing the nature of the correction and its impact on financial statements [8].