动力新科因未及时披露公司重大事件等违规行为被证监会责令改正

Core Points - Shanghai New Power Automotive Technology Co., Ltd. faced regulatory scrutiny for failing to timely disclose significant events and information, leading to a correction order from the China Securities Regulatory Commission (CSRC) Shanghai Bureau [1][2] Group 1: Violations - The company reported inaccurate revenue figures in its restructuring report and annual reports from 2021 to 2023, due to premature recognition of sales revenue by its subsidiary, SAIC Hongyan, which did not comply with accounting standards [1] - SAIC Hongyan overestimated expected receivables from the transfer of goods without properly estimating implied return rights, violating accounting regulations [1] - The company failed to disclose its relationship and transactions with its related party, Chongqing Heavy Card Technology Co., Ltd., which is controlled by a related natural person, and did not seek shareholder approval for related transactions in 2021 [1] Group 2: Regulatory Actions - The CSRC mandated the company to correct its violations within thirty days of receiving the supervisory measures and submit a written report [2] - A warning letter was issued as part of the supervisory measures [3]