深交所向江西万年青水泥股份有限公司、李世锋、熊汉南发出监管函

Core Viewpoint - The Shenzhen Stock Exchange issued a regulatory letter to Jiangxi Wannianqing Cement Co., Ltd. and its executives due to issues related to corporate governance and financial reporting irregularities [1][2][3] Group 1: Corporate Governance Issues - The position of the board secretary has been vacant since January 2023, with responsibilities being temporarily handled by the deputy general manager [1] - The company has been found to have inadequate governance practices, leading to non-compliance with the Stock Listing Rules [3] Group 2: Financial Reporting Irregularities - There are discrepancies in the financial accounting of trade business, particularly in the coal trading services conducted by subsidiaries, resulting in inaccurate revenue and cost disclosures for the fiscal year 2024 [1][2] - The company failed to accurately disclose customer revenue, including not consolidating clients controlled by the same actual person [2] - Incomplete disclosure of restricted cash and inaccuracies in the cash flow statement were noted, as certain bank acceptance bill guarantees and restricted cash accounts were not included in the reporting [2]