Mei Ri Jing Ji Xin Wen·2025-08-11 09:27Group 1 - The company has violated multiple regulations as per the Stock Listing Rules and Self-Regulatory Guidelines, indicating a need for strict adherence to legal and regulatory obligations [1] - The company is urged to ensure accurate, complete, and timely information disclosure to prevent future occurrences of similar issues [1] - For the first half of 2025, the revenue composition of the company is as follows: waterproof materials sales account for 69.71%, mortar powder accounts for 14.71%, other sales account for 8.39%, waterproof engineering construction accounts for 6.26%, and other businesses account for 0.94% [1] Group 2 - On August 11, 2025, the Shenzhen Stock Exchange issued a regulatory letter to the company regarding financial accounting irregularities, including inaccurate revenue recognition and improper accounting practices [3] - Specific issues identified include the use of total amount method for photovoltaic component sales, incorrect timing for revenue recognition on engineering projects, and improper accounting for debt restructuring of certain assets [3] - The company has also been noted for improper use of advance payments to offset accounts receivable and errors in the aging classification of other receivables [3]