熵基科技被出具警示函，因多项财务信披违规

Core Viewpoint - The company, Entropy Technology, has received a warning letter from the Guangdong Securities Regulatory Bureau due to five major violations related to financial reporting and disclosures [2][4]. Group 1: Violations Identified - The company has inaccurately recognized revenue, leading to a cross-period revenue recognition of 369,500 yuan for 2024 due to inconsistent rebate periods [2]. - There is an inadequate provision for bad debts, as the company failed to assess certain customers with significant credit risk and only used aging categories for provisions, resulting in insufficient bad debt provisions [2]. - Research and development expenses were inaccurately accounted for, including non-R&D personnel salaries, which were improperly included in R&D costs without proper project hour registration [3]. Group 2: Inventory and Related Party Transactions - The company inaccurately calculated inventory impairment provisions, using a sales expense rate of 15% from a different subsidiary instead of the actual 57% from ZKTECOUSALLC, leading to an overestimation of net realizable value [3]. - There was a discrepancy in the disclosure of related party transactions, with the actual sales amount to ZKTECO SOLUTIONS INC. being 18,907,200 yuan, significantly higher than the disclosed amount of 11,344,300 yuan [3]. Group 3: Regulatory Actions and Company Background - The Guangdong Securities Regulatory Bureau has decided to issue a warning letter to the company and its key executives, emphasizing the need for effective corrective measures and a written report within 30 days [4]. - The company was listed on the Shenzhen Stock Exchange's Growth Enterprise Market in August 2022, focusing on biometric technology and providing intelligent terminals and software for smart spaces, offices, and digital identity verification [4]. Group 4: Financial Performance - For the first three quarters of 2025, the company reported an operating income of 1.401 billion yuan, a year-on-year decrease of 0.68%, while the net profit attributable to shareholders increased by 6.24% to 128 million yuan [5].