Core Viewpoint - ST Keli Da (603828.SH) has received a warning letter from the Jiangsu Regulatory Bureau of the China Securities Regulatory Commission due to significant violations related to the assessment of credit risks associated with accounts receivable and contract assets [1] Summary by Relevant Sections - Violation Details - In 2022, the company faced a significant increase in credit risk related to accounts receivable and contract assets from companies within the Zhengshang Group, including Henan Zhengshang Real Estate Co., Ltd. and Henan Zhengyang Construction Engineering Group Co., Ltd. [1] - The company failed to adequately assess the impairment signs of these accounts receivable and contract assets, leading to insufficient provisions for impairment, which does not comply with the relevant accounting standards [1]