Core Viewpoint - The article discusses the regulatory actions taken against Henan Kaiwang Electronic Technology Co., Ltd. for inaccuracies in financial disclosures related to accounting errors in revenue recognition methods [2][4]. Regulatory Measures - The company received an administrative regulatory decision from the Henan Securities Regulatory Bureau and a regulatory letter from the Shenzhen Stock Exchange due to the misreporting of financial data [4][5]. - The company changed its revenue recognition method from gross to net for specific business operations, leading to restatements of financial reports for the first three quarters of 2024 [4][6]. Financial Impact - The adjustments resulted in significant changes to the reported financial figures for 2024: - For Q1 2024, the reported revenue was adjusted from approximately 206.26 million to 124.10 million, a decrease of about 59.9% [10]. - For the first half of 2024, the revenue was revised from approximately 404.42 million to 288.70 million, a decrease of about 28.6% [12]. - For Q3 2024, the revenue was adjusted from approximately 625.72 million to 437.85 million, a decrease of about 30.0% [14]. Responsibilities and Compliance - The chairman and the financial director of the company were held primarily responsible for the violations of disclosure regulations [4][7]. - The company is required to enhance its compliance with securities laws and improve the quality of its information disclosures [5][8].
又一家上市公司总额法改净额法，收警示函、监管函！