Core Viewpoint - The Shandong Securities Regulatory Bureau has issued administrative regulatory measures against Shengtong Energy Co., Ltd. and its responsible individuals due to violations of accounting standards and disclosure regulations [1][3]. Group 1: Regulatory Findings - Shengtong Energy adopted the total amount method for revenue recognition in part of its trading business from 2024 to the first half of 2025, which does not comply with the provisions of the Accounting Standards for Enterprises [1][3]. - This improper accounting led to inaccuracies in the reported operating revenue and operating costs in the company's annual report for 2024, semi-annual report for 2025, and third-quarter report for 2025 [1][3]. Group 2: Responsible Individuals - Zhang Wei, as the chairman and former general manager, Song Haizhen, as the financial director and board secretary, and Wang Zhaotao, as the general manager, are held responsible for the violations [1][3][4]. - The regulatory measures include issuing warning letters to Zhang Wei, Song Haizhen, and Wang Zhaotao, which will be recorded in the securities and futures market integrity database [1][4]. Group 3: Regulatory Actions - The Shandong Securities Regulatory Bureau has mandated corrective actions for Shengtong Energy and has recorded the violations in the integrity database [1][4]. - The individuals involved are advised to learn from this experience, enhance their understanding of relevant laws and regulations, and improve operational compliance to prevent future occurrences [4].
胜通能源被责令改正，责任人被出具警示函