WZJT(SH:600368) Zheng Quan Ri Bao·2025-12-19 22:31Core Viewpoint - Guangxi Wuzhou Transportation Co., Ltd. received a corrective measure from the Guangxi Securities Regulatory Bureau, requiring the company to rectify issues related to accounting irregularities and failure to perform due diligence on the integrity records of appointed directors and supervisors [1][11]. Group 1: Accounting Irregularities - The company acknowledged that from 2022 to 2024, there were issues with revenue recognition in its commercial operations, leading to inaccurate financial reporting [1][11]. - The company will correct these accounting errors by changing the revenue recognition method from gross to net, resulting in adjustments to the financial statements for 2022, 2023, and 2024 [2][11]. - The specific adjustments include a reduction of revenue and costs for 2022 by CNY 185,972,816.10, for 2023 by CNY 15,942,424.01, and for 2024 by CNY 260,402,624.54 [11][13]. Group 2: Compliance with Regulatory Requirements - The company failed to perform the required integrity checks on appointed directors and supervisors from 2022 to 2024, which is a violation of the relevant regulations [5][11]. - The company has since complied with the requirement to conduct integrity checks on its current directors and supervisors [6][11]. Group 3: Rectification Measures and Future Commitment - The company has completed the necessary rectifications and is committed to enhancing the quality of its accounting practices and financial reporting to prevent similar issues in the future [3][7]. - The board of directors and the audit committee have reviewed and approved the corrective measures, affirming that the adjustments align with accounting standards and improve the accuracy of financial disclosures [14][15].