财报披露不准、股份回购违规，山子高科收警示函

Core Points - The company received a warning letter from the Gansu Securities Regulatory Bureau on October 31, 2025, highlighting issues related to inaccurate financial data and incomplete share repurchase [2][3] - The company acknowledged the problems and committed to rectifying them, enhancing compliance awareness, and improving financial reporting quality [3] Financial Data Issues - The company disclosed corrections to financial data for the first three quarters of 2024 on April 29, 2025, indicating inaccuracies in the consolidated balance sheet and income statement for the first quarter, half-year, and third quarter of 2024 [2] - The actions violated the relevant regulations of the "Administrative Measures for Information Disclosure of Listed Companies" [2] Share Repurchase Plan - The board approved a share repurchase plan on July 25, 2024, intending to use between 600 million to 1 billion yuan for repurchasing shares within a six-month period [2] - By the deadline of July 24, 2025, the company only repurchased shares worth 11.0148 million yuan, which is 1.8% of the lower limit of the repurchase plan, indicating non-compliance [2] Regulatory Actions - The Gansu Securities Regulatory Bureau decided to issue a warning letter to the company's then-chairman and president Ye Ji and the then-financial director Lu Yan, which will be recorded in the securities and futures market integrity archives [3] - The company is required to submit a written rectification report within 30 days of receiving the decision [3]