HJHS(SH:603616) Shang Hai Zheng Quan Bao·2025-10-17 19:07Core Viewpoint - Beijing Hanjian Heshan Pipeline Co., Ltd. received an administrative supervision measure from the Beijing Securities Regulatory Bureau, requiring the company to rectify issues related to financial accounting, information disclosure, and compliance with regulations [1][2]. Summary by Sections Overall Rectification Arrangement - The company has taken the issues raised in the decision seriously and has communicated them to all board members, supervisors, and senior management. A comprehensive review and analysis of the matters have been conducted, and rectification plans have been proposed [2]. Issues and Measures Ordered for Rectification Issue 1: Non-compliance in Financial Accounting - Problems identified include inaccurate revenue recognition for a project, incorrect write-offs of accounts receivable, and inadequate impairment provisions for construction costs and goodwill [3]. - Rectification measures include holding meetings to approve corrections of prior accounting errors, enhancing financial personnel's understanding of revenue standards, and improving internal controls and audit processes [4][5][6]. Issue 2: Non-compliance in Disclosing Major Litigation - The company failed to timely disclose a cumulative litigation amount of 122 million yuan over 12 months [7]. - Measures taken include establishing a litigation case management system, improving internal communication regarding significant information, and enhancing compliance awareness among management [8][9][10]. Issue 3: Non-compliance in Disclosing Related Transactions - The company did not follow proper procedures for disclosing related transactions totaling 65.63 million yuan over 12 months [11]. - Rectification actions involve confirming related transactions, conducting compliance training, and strengthening internal management regarding related party transactions [12][14][15]. Summary of Rectification Status - The company acknowledges the issues in financial accounting and information disclosure and emphasizes the importance of compliance for sustainable development. It aims to enhance the awareness of regulatory compliance among its management and improve the quality of information disclosure [16].