存货核算差错致年报失真，通裕重工收监管函+警示函

Core Viewpoint - The Shenzhen Stock Exchange issued a regulatory letter to Tongyu Heavy Industry Co., Ltd. due to accounting errors and non-compliance with listing rules [1][3]. Group 1: Regulatory Actions - The regulatory letter was prompted by an announcement on April 29, 2025, regarding prior accounting errors, which led to discrepancies in inventory accounting and required corrections to the 2022 and 2023 annual reports [3]. - The Shenzhen Stock Exchange indicated that Tongyu Heavy Industry violated specific articles of the "Growth Enterprise Market Stock Listing Rules (2025 Revision)" [3]. - The company and seven related parties received a warning letter from the Shandong Securities Regulatory Bureau, emphasizing the need for corrective actions and improved governance [5]. Group 2: Financial Performance - In the first half of 2025, Tongyu Heavy Industry reported revenue of 2.94 billion yuan, a 7.59% increase from the previous year [6]. - The net profit attributable to shareholders was 60.74 million yuan, reflecting a 49.70% increase year-on-year [6]. - The company’s inventory amounted to 3.096 billion yuan, representing 20.54% of total assets as of the end of the first half of 2025 [6]. Group 3: Operational Risks - The company acknowledged potential operational management risks due to the increasing complexity of its organizational structure and management systems as it expands [7].