Core Viewpoint - Dahua Intelligent Technology Co., Ltd. is facing regulatory scrutiny due to multiple violations of information disclosure regulations, leading to a formal investigation by the China Securities Regulatory Commission (CSRC) [2][6]. Group 1: Regulatory Violations - The Fujian Securities Regulatory Bureau identified four major issues with Dahua Intelligent, including failure to disclose significant contracts and financial assistance, undisclosed related party transactions, premature recognition of subsidiary disposal gains, and incorrect accounting for construction projects [8][9][10][11]. - Dahua Intelligent's subsidiary, Fujian Fumi Technology Co., Ltd., entered into a significant contract worth 794.99 million yuan without proper disclosure [8]. - The company failed to disclose a related party transaction involving a fund transfer of 140 million yuan to repay the former chairman [9]. - Dahua prematurely recognized gains of 61.1163 million yuan from the disposal of subsidiaries, inflating profits inaccurately [10]. - The company misclassified expenses related to construction projects, leading to inflated profits of 28.91 thousand yuan in 2022 and 2.92937 million yuan in 2023 [11]. Group 2: Financial Reporting Errors - Dahua Intelligent announced corrections for accounting errors affecting 12 financial reports from 2021 to 2024, including a reduction of cash and net profit adjustments [12][13]. - The 2021 consolidated balance sheet saw a cash reduction of 360 million yuan and a net profit decrease of 13.42 million yuan due to these corrections [12][13]. Group 3: Financial Performance - Dahua Intelligent has reported a continuous decline in its net profit, with a cumulative loss of 1.743 billion yuan from 2018 to 2024 [14]. - The company expects a net loss of 60 million to 40 million yuan for the first half of 2025, continuing its trend of losses [17]. - The decline in profitability is attributed to increased competition, rising material costs, and strategic decisions to exit non-core business lines [18].

关于江苏精研科技股份有限公司 前期会计差错更正专项说明审核报告 中兴华会计师事务所(特殊普通合伙) ZHONGXINGHUA CERTIFIED PUBLIC ACCOUNTANTS LLP 地址：北京市丰台区丽泽路 20 号丽泽 SOHO Ｂ座 20 层 邮编：100073 电话：(010) 51423818 传真：(010) 51423816 目 录 一、审核报告 二、前期会计差错更正专项说明 我们认为，精研科技编制的《前期会计差错更正专项说明》已按照《企业会计准 则第 28 号——会计政策、会计估计变更和差错更正》、中国证券监督管理委员 会《公开发行证券的公司信息披露编制规则第 19 号——财务信息的更正及相关 披露》等相关规定编制，如实反映了精研科技前期会计差错的更正情况。 四、使用限制 本专项审核报告仅供精研科技对外披露之用，不得用作任何其他目的。由于 使用不当所造成的后果，与执行本业务的注册会计师和会计师事务所无关。 中兴华会计师事务所（特殊普通合伙） 中国注册会计师： （项目合伙人） 中国·北京 中国注册会计师： 中国注册会计师： 一、前期会计差错更正的原因 公司于近期发现，公司编制的 2023 ...

Core Viewpoint - Jiangsu Jingyan Technology Co., Ltd. has announced corrections to previous accounting errors and retrospective adjustments in its financial statements for the year 2023, which were approved during the eighth meeting of the fourth board of directors and the eighth meeting of the fourth supervisory board held on August 1, 2025 [1]. Financial Statements Summary Balance Sheet Adjustments - The total assets as of December 31, 2023, were adjusted to RMB 3,217,914,776.11, down from RMB 3,527,191,508.11 on January 1, 2023 [1][2]. - Current assets decreased from RMB 1,915,729,010.27 to RMB 1,764,290,293.78, with significant changes in cash and cash equivalents, which increased from RMB 240,194,640.80 to RMB 645,812,599.73 [1][2]. - Non-current assets also saw a reduction from RMB 1,611,462,497.84 to RMB 1,453,624,482.33, primarily due to adjustments in goodwill and construction in progress [1][2]. Liabilities and Equity Adjustments - Total liabilities decreased from RMB 1,635,998,647.44 to RMB 1,170,187,376.04, with current liabilities dropping significantly from RMB 1,476,979,801.51 to RMB 1,055,074,566.37 [2][3]. - The total equity increased from RMB 1,891,192,860.67 to RMB 2,047,727,400.07, reflecting a rise in retained earnings from RMB 417,032,117.88 to RMB 540,800,079.84 [2][3]. Profit and Loss Statement - The total operating revenue for 2023 was reported at RMB 2,195,581,038.39, down from RMB 2,507,646,953.04 in 2022 [4]. - Total operating costs decreased from RMB 2,419,661,934.19 to RMB 1,969,690,420.67, leading to an operating profit of RMB 132,329,773.41 compared to a loss of RMB 282,672,688.65 in the previous year [4][5]. - The net profit for 2023 was RMB 133,813,685.31, a significant recovery from a net loss of RMB 262,616,920.90 in 2022 [4][5]. Earnings Per Share - Basic and diluted earnings per share for 2023 were reported at RMB 0.77, a turnaround from a loss of RMB 1.25 in 2022 [4][5].

Core Viewpoint - Jiangsu Jingyan Technology Co., Ltd. has announced corrections to prior accounting errors, which will impact its financial statements for 2023, 2024, and the first quarter of 2025, ensuring a more accurate reflection of the company's financial status and operating results [1][5][6]. Summary by Sections 1. Overview of Accounting Error Corrections - The company held meetings on August 1, 2025, to approve the proposal for correcting prior accounting errors, specifically related to the performance compensation amounts from the controlling shareholder for the years 2021 to 2023 [1][2]. 2. Impact on Financial Statements - **2023 Financial Statements:** - **Balance Sheet Adjustments:** - Capital Surplus increased from ¥1,221,003,318.09 to ¥1,244,626,906.75, a change of ¥23,623,588.66 - Surplus Reserve decreased from ¥100,922,158.93 to ¥98,559,800.07, a change of -¥2,362,358.86 - Undistributed Profits decreased from ¥562,061,309.64 to ¥540,800,079.84, a change of -¥21,261,229.80 [3] - **Income Statement Adjustments:** - Operating Profit decreased from ¥160,122,230.66 to ¥132,329,773.41, a change of -¥27,792,457.25 - Net Profit decreased from ¥157,437,273.97 to ¥133,813,685.31, a change of -¥23,623,588.66 - Basic Earnings per Share decreased from ¥0.89 to ¥0.77, a change of -¥0.12 [3][4]. - **2024 Financial Statements:** - **Balance Sheet Adjustments:** - Capital Surplus increased from ¥1,219,891,261.47 to ¥1,243,514,850.13, a change of ¥23,623,588.66 - Undistributed Profits decreased from ¥651,967,908.67 to ¥630,706,678.87, a change of -¥21,261,229.80 [4]. - **2025 Q1 Financial Statements:** - **Balance Sheet Adjustments:** - Capital Surplus increased from ¥1,219,891,261.47 to ¥1,243,514,850.13, a change of ¥23,623,588.66 - Undistributed Profits decreased from ¥634,471,751.51 to ¥613,210,521.71, a change of -¥21,261,229.80 [4]. 3. Review Procedures - The independent directors and the audit committee reviewed and approved the accounting error corrections, confirming that the adjustments align with relevant accounting standards and do not harm the interests of the company or its shareholders [5][6]. 4. Auditor's Opinion - The auditing firm Zhongxinghua issued a report confirming that the corrections comply with accounting standards and regulations, ensuring that the financial data accurately reflects the company's financial condition [6]. 5. Reference Documents - The company has made available the special review report regarding the accounting error corrections for further reference [6].

Core Viewpoint - The company, Liuzhou Chemical Co., Ltd. (柳化股份), has disclosed corrections of prior accounting errors, which will affect its financial reports from 2021 to 2024, leading to adjustments in revenue and costs for those years [1][3][4]. Group 1: Reasons for Accounting Error Correction - The company received a directive from the China Securities Regulatory Commission (CSRC) on July 4, 2025, indicating that it had improperly accounted for certain trade transactions using the gross method instead of the net method, resulting in inaccurate financial reporting for the years 2021 to 2024 [4][6]. - The company is required to strengthen its accounting practices and ensure compliance with the relevant accounting standards and regulations [5][6]. Group 2: Financial Impact of Corrections - The adjustments will reduce the reported revenue and costs for the following periods: - 2021: Revenue and costs reduced by 15,486,205.45 CNY - 2022: Revenue and costs reduced by 12,011,555.98 CNY - 2023: Revenue and costs reduced by 7,156,511.68 CNY - Q1 2024: Revenue and costs reduced by 893,850.10 CNY - H1 2024: Revenue and costs reduced by 4,028,843.56 CNY - Q3 2024: Revenue and costs reduced by 6,238,227.10 CNY [3][8]. - The corrections will not impact the company's total assets, total liabilities, net assets, net profit, or net cash flow from operating activities [8].

Group 1 - The company held its second board meeting of the seventh session on July 25, 2025, with all seven directors present, complying with relevant laws and regulations [2] - The board approved the proposal for correcting prior accounting errors and retrospective adjustments with unanimous support [3] - The board emphasized that the corrections align with accounting standards and improve the quality of financial information disclosure [3][4] Group 2 - The supervisory board also convened on July 25, 2025, with all three supervisors present, meeting legal requirements [7] - The supervisory board approved the same proposals regarding accounting error corrections and the rectification report from the Guangxi Securities Regulatory Bureau [8] - The supervisory board will monitor the implementation of corrective measures to enhance the company's operational standards and financial management [9] Group 3 - The company received a directive from the Guangxi Securities Regulatory Bureau on July 4, 2025, requiring corrective actions within 30 days [23] - The company acknowledged issues found during inspections and has actively worked on rectifying management and internal control weaknesses [24] - The company will continue to enhance governance and compliance to prevent similar issues in the future [29] Group 4 - The company reported specific financial adjustments due to prior accounting errors, including reductions in revenue and costs for the years 2021 to 2024 [12][14] - The adjustments will not affect the total assets, liabilities, net assets, net profit, or cash flow of the company [13][15] - The company expressed regret for any inconvenience caused to investors and committed to improving governance and operational standards [20]

Core Viewpoint - The company has announced corrections of prior accounting errors and retrospective adjustments affecting financial statements from 2021 to 2024, ensuring compliance with relevant accounting standards and regulations [1][2][3]. Summary by Sections 1. Reasons for Accounting Error Corrections - The company was directed by the regulatory authority to correct accounting errors due to the misapplication of revenue recognition methods, specifically using gross instead of net accounting for certain trade transactions [3][5]. 2. Financial Impact of Corrections - The adjustments resulted in reductions of revenue and costs for the following years: - 2021: Revenue and costs reduced by 15,486,205.45 CNY [5] - 2022: Revenue and costs reduced by 12,011,555.98 CNY [5] - 2023: Revenue and costs reduced by 7,156,511.68 CNY [5] - 2024 Q1: Revenue and costs reduced by 893,850.10 CNY [5] - 2024 H1: Revenue and costs reduced by 4,028,843.56 CNY [5] - 2024 Q3: Revenue and costs reduced by 6,238,227.10 CNY [5] - The corrections do not affect total assets, liabilities, net assets, net profit, or net cash flow from operating activities [5]. 3. Review and Approval Process - The Audit Committee, Board of Directors, and Supervisory Committee have all reviewed and approved the corrections, confirming compliance with accounting standards and regulations [6][7]. 4. Auditor's Opinion - The auditing firm provided a report affirming that the corrections were made in accordance with applicable accounting standards and accurately reflect the company's financial situation [8]. 5. Future Commitments - The company emphasizes its commitment to improving financial oversight, training for accounting personnel, and enhancing information disclosure and internal controls to prevent future issues [8].

Core Viewpoint - The report provides a verification of the accounting error corrections made by Tsinghua Design Group Co., Ltd. for the years 2020 to 2022, ensuring compliance with relevant accounting standards and regulations [1][4]. Management's Responsibility - The management of Tsinghua Design is responsible for preparing the special explanation in accordance with various accounting standards and ensuring its accuracy and completeness [1][2]. Auditor's Responsibility - The auditors are tasked with providing a verification conclusion based on the execution of verification work, ensuring adherence to professional ethical standards [2][3]. Overview of Work - The verification was conducted following specific guidelines, including inquiries and examination of accounting records to ensure the accuracy of the accounting error corrections [2][3]. Verification Conclusion - The auditors concluded that the special explanation regarding the accounting error corrections is prepared in accordance with relevant regulations and accurately reflects the corrections made [3][4]. Reasons and Content of Accounting Error Corrections - The company identified several accounting errors related to revenue recognition and cost adjustments for various projects, leading to adjustments in revenue and costs for the years 2020 to 2022 [4][5]. Impact of Corrections on Financial Statements - The corrections affected the consolidated balance sheet and profit and loss statements for the years 2020 to 2022, with specific adjustments detailed for various financial metrics [5][6][7]. Performance Commitment Impact - The accounting error corrections will impact the performance commitments made during the major asset restructuring in 2018, with specific figures indicating the shortfall in meeting profit commitments [10][13].

Core Viewpoint - The company has announced a correction of prior accounting errors and retrospective adjustments for financial statements from 2020 to 2023, ensuring compliance with relevant accounting standards and regulations [1][2][10]. Summary by Sections Reasons for Correction - The company conducted a thorough self-examination of its financial reports and identified accounting errors in its wholly-owned subsidiary, Shenzhen Jialida Energy Technology Co., Ltd., necessitating corrections and retrospective adjustments [1][2]. Impact on Financial Statements - **2020 Consolidated Balance Sheet Adjustments:** - Accounts Receivable decreased by CNY 1,270,637.67 to CNY 660,345,004.18 - Contract Assets decreased by CNY 299,624.21 to CNY 477,719,874.84 - Total Assets decreased by CNY 1,574,310.92 to CNY 2,751,564,423.06 - Total Equity decreased by CNY 1,574,310.92 to CNY 1,529,407,395.63 [2][3]. - **2020 Consolidated Income Statement Adjustments:** - Total Revenue increased by CNY 4,537,520.35 to CNY 1,854,467,370.65 - Total Costs increased by CNY 6,134,775.85 to CNY 1,634,531,834.65 - Net Profit decreased by CNY 1,574,310.92 to CNY 44,590,059.09 [3][4]. - **2021 Consolidated Balance Sheet Adjustments:** - Accounts Receivable decreased by CNY 9,459,278.06 to CNY 700,007,131.65 - Total Assets decreased by CNY 26,364,365.87 to CNY 3,416,677,366.76 - Total Equity decreased by CNY 24,781,156.31 to CNY 1,611,025,872.20 [3][4]. - **2022 Consolidated Income Statement Adjustments:** - Total Revenue increased by CNY 16,040,786.19 to CNY 1,871,230,233.75 - Net Profit increased by CNY 4,206,911.96 to CNY 8,842,363.49 [4][5]. - **2023 Consolidated Income Statement Adjustments:** - Total Revenue decreased by CNY 16,859,906.75 to CNY 1,579,749,836.17 - Net Profit decreased by CNY 15,814,407.49 to CNY -319,969,862.37 [6][7]. Impact on Performance Commitment - The company has highlighted that the retrospective adjustments will affect the performance commitments related to the acquisition of Shenzhen Jialida, which had a profit guarantee of CNY 42 million, CNY 54 million, CNY 68 million, and CNY 68 million for the respective years [9][10]. Audit and Compliance - The company engaged Lixin Accounting Firm to provide a verification report on the corrections, confirming that the adjustments comply with accounting standards and accurately reflect the company's financial status [2][10][11]. Internal Control and Future Measures - The company expressed its commitment to improving internal controls and enhancing the quality of financial disclosures to prevent future errors [11][12].

Core Viewpoint - Jiangxi Mubang High-tech Co., Ltd. has faced significant financial challenges in 2024, reporting a revenue of 277 million yuan, a decrease of 83.24% year-on-year, and a net loss of 1.162 billion yuan, indicating severe operational issues and internal control deficiencies [2][3]. Financial Performance - The company reported a total revenue of 277.14 million yuan for 2024, with a notable decline in both photovoltaic and toy businesses, where photovoltaic revenue was 241.60 million yuan (87.17% of total) and toy revenue was 35.54 million yuan (12.83% of total) [4]. - The discrepancy between the reported revenue and the forecasted revenue was 70.88 million yuan, primarily due to adjustments in revenue recognition methods [4][14]. Revenue Recognition Issues - The company has made multiple corrections to its revenue recognition practices, particularly in the toy raw materials segment, shifting from a gross method to a net method, which resulted in a revenue adjustment of 46.99 million yuan [6][19]. - Significant internal control deficiencies were identified, particularly in customer management and revenue recognition, leading to the need for substantial corrections in financial reporting [2][3]. Related Party Transactions - The company disclosed that sales to related party Qiongcheng Qifeng Company were conducted at prices significantly above market rates, leading to a revenue adjustment of 11.84 million yuan due to the recognition of unearned revenue [15][16]. - The relationship between the actual controllers of the company and its related parties raised concerns about the fairness of transaction pricing, prompting further scrutiny and adjustments [15][16]. Internal Control and Audit Findings - The annual audit revealed that the company had not adequately considered the implications of related party transactions on its financial statements, necessitating corrections to previously reported figures [17][24]. - The audit process included a thorough review of contracts, sales invoices, and customer confirmations to ensure the accuracy of reported revenues and the legitimacy of transactions [24][25]. Customer Management and Credit Policies - The company has implemented flexible credit policies to maintain relationships with customers amid a challenging market environment, which has led to discrepancies between agreed settlement periods and actual payment timelines [13][14]. - The company reported a significant reduction in accounts receivable, amounting to 32.04 million yuan, indicating improved collection efforts [13]. Business Model Adjustments - The toy raw materials trading business has been characterized by a high degree of market competition, leading to adjustments in revenue recognition practices to align with industry standards [19][21]. - The company operates through subsidiaries that manage procurement and sales, with varying degrees of control over inventory and pricing, impacting how revenue is recognized [19][20].