Shang Hai Zheng Quan Bao·2025-12-26 16:18Core Viewpoint - The company, Pairui Co., Ltd. (300831), has received a notice from the China Securities Regulatory Commission (CSRC) regarding an investigation into alleged violations of information disclosure laws, linked to prior accounting errors [2][4]. Group 1: Investigation and Accounting Errors - The investigation is related to accounting errors identified in the company's financial reports for 2024 and 2025, specifically concerning the recognition of revenue from a sales contract [4][6]. - The company confirmed that the accounting error resulted in an understatement of revenue by approximately 22.71 million yuan, which is 11.84% of the revenue for the period, and a corresponding understatement of total profit by about 17.12 million yuan, accounting for 26.18% of the annual profit [6]. Group 2: Financial Reporting and Adjustments - Pairui Co., Ltd. has engaged the accounting firm ShineWing Certified Public Accountants to conduct a special verification of the accounting errors, and the corrections will be made using the retrospective restatement method [6]. - The company has released corrected financial reports for the third quarter of 2025, the first quarter of 2025, the half-year report of 2025, the annual report of 2024, and the third quarter report of 2024 [7]. Group 3: Company Background and Current Status - Established in 2010, Pairui Co., Ltd. is a wholly-owned subsidiary of the Xi'an Power Electronics Technology Research Institute, which remains the largest shareholder with a 39.55% stake [7]. - The company specializes in the design, development, production, and service of power semiconductor discrete devices, power electronic conversion devices, and testing equipment, holding a leading market share in high-voltage, high-power, and large-diameter high-grade thyristors [7]. - As of December 26, the company's stock price was 13.02 yuan per share, down 0.53% from the previous trading day, with a total market capitalization of 4.166 billion yuan [9].