收入确认不准确，熵基科技收到广东证监局警示函

Core Viewpoint - Entropy Technology Co., Ltd. received a warning letter from the Guangdong Securities Regulatory Bureau due to multiple inaccuracies in financial information, including revenue recognition and related party transaction disclosures [1][4][5] Group 1: Financial Inaccuracies - The company inaccurately recognized revenue, resulting in a cross-period revenue recognition of 36.95 thousand yuan due to inconsistencies in the timing of customer rebates [4] - Insufficient provision for bad debts was noted, as the company only used aging categories for certain clients with significant credit risk, failing to make individual provisions [4] - Research and development expenses were inaccurately accounted for, including salaries of non-R&D personnel and lack of proper time tracking for R&D projects [4] Group 2: Inventory and Related Party Transactions - The provision for inventory impairment was inaccurately calculated, with the company using a sales expense rate of 15% from another subsidiary instead of the actual 57% from ZKTECO USA LLC, leading to an overestimation of net realizable value [4] - There was a discrepancy in the disclosure of related party transactions, with the reported amount of 11.34 million yuan differing from the actual sales amount of 18.91 million yuan to ZKTECO SOLUTIONS INC. [5] Group 3: Regulatory Response - The Guangdong Securities Regulatory Bureau issued a warning letter to the company and its key executives, including the chairman and CFO, for failing to fulfill their diligence obligations as per the regulations [5] - The company is required to submit a written report to the regulatory bureau within 30 days of receiving the decision [5] - The company stated that the regulatory measures would not affect its normal operations and emphasized its commitment to rectify the identified issues and enhance compliance [5]