Core Viewpoint - Kaewang Technology (301182.SZ) has received regulatory measures from the China Securities Regulatory Commission (CSRC) and the Shenzhen Stock Exchange due to accounting errors in financial disclosures, which the company is committed to rectifying [1][2][3]. Regulatory Actions - The CSRC's Henan Regulatory Bureau issued an administrative regulatory measure decision (2025) 18, highlighting the company's accounting errors and the responsibilities of its executives [3]. - The Shenzhen Stock Exchange issued a regulatory letter (2025) 109, indicating that the company violated listing rules by inaccurately disclosing financial data in its reports for the first three quarters of 2024 [2]. Financial Reporting Issues - Kaewang Technology corrected its revenue recognition method from gross to net for its "purchase of raw materials + finished product assembly" business, leading to restatements of its financial reports for the first quarter, half-year, and third quarter of 2024 [2][3][4]. - The company acknowledged that its financial data for these periods was inaccurate, violating the Information Disclosure Management Measures [3]. Financial Performance - For the year 2024, Kaewang Technology reported a revenue of 596.09 million yuan, a year-on-year increase of 9.12%, but a net loss attributable to shareholders of 93.45 million yuan, worsening from a loss of 56.82 million yuan in the previous year [5][6]. - The company’s cash flow from operating activities was negative 65.10 million yuan, compared to a negative 13.00 million yuan in the previous year, indicating a significant decline in cash flow [6]. Corporate Governance - The company has committed to enhancing its internal control mechanisms and improving governance standards in response to the regulatory findings [1][2].

Core Insights - The article emphasizes the importance of financial literacy in understanding capital markets and making informed decisions. It introduces a learning package designed to enhance financial skills from basic to advanced levels [1]. Summary by Sections Financial Handbook Overview - The "Investment Banking Financial Handbook (Third Edition)" is structured into five main chapters: understanding financial statements, identifying financial anomalies, assessing business performance, common tax knowledge, and financial regulations for IPOs [6]. Chapter 1: Understanding Financial Statements - This chapter explains the purposes, differences, connections, core points, and key financial indicators of the three main financial statements, using case studies for clarity. It teaches how to extract important information and understand a company's profitability [6][11]. Chapter 2: Identifying Financial Anomalies - Building on the ability to read financial statements, this chapter discusses five common financial manipulation methods and nine ways to identify financial anomalies, supported by multiple case studies for thorough understanding [8][9]. Chapter 3: Assessing Business Performance - This chapter combines business operations with financial metrics, detailing how to use financial data to evaluate a company's operational status. It includes analysis of well-known companies' financial reports, focusing on revenue, gross profit, and operational metrics [10][12]. Chapter 4: Tax Knowledge - This section covers essential tax knowledge for non-financial professionals, including common tax types, tax implications related to invoices/contracts, and tax planning strategies. It aims to make tax concepts accessible to a broader audience [13]. Chapter 5: Financial Issues for IPOs - The final chapter addresses financial issues that companies need to consider when going public, using various case studies of companies that succeeded or failed in their IPO attempts. It discusses how to handle accounting errors and compliance with new revenue standards [15][16].

当今时代，无论什么身份， 人人都不可避免地要和财务打交道。 作为一项生存必备的技能，可以说，理解 了财务，掌握了财务知识，具备了财务思维，才能更深入地理解资本市场上各项业务的逻辑和联系，做出更 明智的决定。 如果要问小师姐有什么可以从零开始提升财务技能的方法，那就不得不提到—— 「 投行人财务基础到进阶 学习包」！ 投行人财务基础到进阶学习包 扫码立享8折 学习包内含： 纸质资料《投行财务手册（第三版）》、线上课程《如何识别财务造假（券商视角）》、梧 桐定制笔记本。 从多个角度辅助你学习财务知识，掌握财务思维。 接下来，小师姐将带着大家详细了解 纸质资料 《投行财务手册（第三版）》， 首先，我们来看一下目录。 - 上下滑动查看目录 - 通过目录，我们可以发现，《投行财务手册（第三版）》主要分为五大章节： 看懂财务报表、识别财务异 常、评估企业经营情况、常用的税收知识、拟IPO企业财务规范。 小师姐通篇读下来非常轻松，因为内容都是 用案例"说话" ，特别好理解。比如这里讲"利润表的来源"，就 是通过对比两家公司的指标，一点点教我们怎么去追本溯源，搞懂一家公司的利润是怎么来的？是盈利还是 亏损？和同行业其他公司相 ...

请发行人说明:(1) 公司一致性评价业务 2019年采用完工百分比法确认收入 的原因,与采用形象进度法确认收入的差异、对经营业绩的具体影响;(2)公司 各项业务设置不同收入确认时点和确认比例的原因及合理性,与行业可比公司是 否一致,各时点收入比例确认的依据,按行业通行的确认时点和确认比例模拟测 算公司收入、成本及利润情况,是否存在显著差异;(3)2020年后,相关节点收 入确认比例显著提高的原因、依据及合理性,是否符合业务开展实际,对经营业 绩的具体影响,是否存在通过变更会计政策调节业绩的情况。 希格玛会计师事务所(特殊普通合伙) Xigema Cpas(Special General Partnership) 关于新疆百花村医药集团股份有限公司向特定对象发行股票 申请文件的审核问询顾回复 上海证券交易所: 贵所于 2023年3月23日出具的上证上审(再融资)(2023)146号《关于新 疆百花村医药集团股份有限公司向特定对象发行股票申请文件的审核问询函》(以 下简称"问询函")已收悉。根据贵所问询函提出的要求,我们在审慎核查的基础 上,就问询函中的有关问题回复说明如下: 1、根据申报材料,发行人主要以形象进 ...