Core Viewpoint - The company has received a decision from the Shanghai Securities Regulatory Commission and has implemented a comprehensive review and corrective action plan regarding revenue recognition issues related to its subsidiary, SAIC Hongyan Automobile Co., Ltd. [1] Group 1 - The company identified issues with recognizing sales revenue for the period from 2019 to 2023, where control over certain goods had not been fully transferred [1] - Multiple corrective measures have been taken, including enhancing contract reviews, standardizing and revising relevant contract clauses, and streamlining internal processes related to product returns [1] - The company has organized training for relevant personnel to ensure compliance with enterprise accounting standards [1] Group 2 - The corrective actions have been completed, and the company will continue to adhere to regulatory standards moving forward [1]
动力新科:整改完成收入错报问题