东兴证券: 东兴证券股份有限公司会计政策变更公告

Core Viewpoint - The company is changing its accounting policy in response to a new guideline issued by the Ministry of Finance regarding the accounting treatment of standard warehouse receipts in futures trading, effective from January 1, 2025 [1][2]. Specific Situation and Impact on the Company Specific Situation - The new guideline clarifies that contracts for buying or selling standard warehouse receipts, which are frequently traded for profit without physical delivery, should be treated as financial instruments under the relevant accounting standards [2]. - The company has revised its revenue recognition method for these transactions, shifting from a gross method to recognizing the difference between the received consideration and the book value of the sold warehouse receipts as investment income [2][3]. Impact on Financial Statements - The change in accounting policy will not affect the company's net profit, net assets, or total assets for comparable periods. The financial statement impacts are as follows: - Operating revenue: 4,878,366,299.97 - 2,878,432,286.95 = 1,999,934,013.02 - Other business income: 2,900,781,419.27 - 2,893,405,990.86 = 7,375,428.41 - Investment income: 87,855,748.48 + 14,973,703.91 = 102,829,452.39 - Operating costs: 4,111,626,668.38 - 2,878,432,286.95 = 1,233,194,381.43 - Other business costs: 2,882,607,476.84 - 2,878,432,286.95 = 4,175,189.89 [3][4]. - The accounting policy change is deemed reasonable and compliant with legal regulations, ensuring that the company's financial status and performance are fairly represented [3][4].