Zhejiang Power New Energy (SH:688184) Shang Hai Zheng Quan Bao·2025-09-26 19:03Core Viewpoint - Zhejiang Pava New Energy Co., Ltd. has been placed under risk warning due to a negative audit opinion on its internal controls for the 2024 financial report, leading to the implementation of risk warnings on its A-share stock starting May 6, 2025 [2][3]. Group 1: Risk Warning Implementation - The audit firm Tianjian issued a negative opinion regarding the company's internal controls for the 2024 financial report, resulting in the stock being placed under risk warning as per the Shanghai Stock Exchange rules [2][3]. - The company is required to disclose progress on the risk warning at least once a month during the warning period [2]. Group 2: Measures Taken Post Risk Warning - The company has initiated a comprehensive internal control diagnosis and accountability tracing, hiring third-party firms to review deficiencies and implement targeted improvements [4]. - Management changes have occurred, with the resignation of the former chairman and general manager, and the election of a new board of directors [5]. Group 3: Training and Education Initiatives - The company is conducting compliance training for management and specialized training for accounting personnel to enhance awareness of regulations and improve operational integrity [6][8]. - Internal training sessions have been held to deepen the understanding of accounting standards among financial staff [9]. Group 4: System Improvement and Monitoring - The finance department is revising accounting policies and enhancing communication between finance and business personnel to ensure compliance with revenue recognition standards [10]. - The company is strengthening its internal audit capabilities and has engaged third-party firms for compliance audits to identify and mitigate potential risks [14][16]. Group 5: Fund Recovery Efforts - The company is actively pursuing the recovery of funds misappropriated by a former executive, with a total of 191.34 million yuan involved, and has received partial repayment [18][19]. - Legal actions have been initiated against the former executive for alleged embezzlement and information disclosure violations [19]. Group 6: Corporate Governance Changes - The company has completed the registration of changes in corporate governance, including the cancellation of the supervisory board and the election of new directors and management [21][22]. - The updated business license reflects the new legal representative and registered capital of 1.59047514 billion yuan [22].