远程电缆回复发行股票审核问询：违规整改成效显著，经营状况逐步向好

Core Viewpoint - Recently, Yuancheng Cable Co., Ltd. responded to the Shenzhen Stock Exchange's inquiry regarding its application for a specific object stock issuance, demonstrating the company's progress in compliance and operational development [1] Group 1: Past Violations and Rectifications - From 2017 to 2019, Yuancheng Cable faced disciplinary actions and administrative penalties from the Shenzhen Stock Exchange and Jiangsu Securities Regulatory Bureau due to unauthorized guarantees, non-standard financial accounting, and information disclosure violations, resulting in a total deduction of 324 million yuan [2] - The company has implemented multiple rectification measures, including financial data adjustments, correction of accounting errors from 2018, and cooperation with regulatory investigations, leading to the resignation of involved executives and the establishment of a sound internal control system [2] - Since 2020, the company has not experienced any related violations, thanks to improved internal controls and commitments from major shareholders [2] Group 2: Financial Situation and Asset Transfers - The company has completed the recovery of 12.31 million yuan from forced deductions, with the financial impact primarily felt between 2018 and 2020, while operating revenue has been increasing year by year [3] - In 2023-2024, the company publicly transferred accounts receivable and recovery rights to mitigate the impact of past violations and optimize asset management, with approximately 10 million yuan in receivables collected by the end of 2024 [4] - The company's main business revenue and gross margin have shown fluctuations, with raw material price changes significantly affecting performance, although the gross margin trend aligns with comparable companies [5] Group 3: Audit and Compliance - Zhongxinghua Accounting Firm has verified that the company complies with relevant regulations regarding rectifications, asset transfers, and financial handling, indicating an improvement in operational status and the ability to sustain profitability and manage risks [6]