Zhixing Finance and Economics APP News, Xinlong Holding (000955.SZ) announced that it received the Decision on Issuing a Warning Letter to Xinlong Holding (Group) Co., Ltd. and Relevant Personnel ([2024] No. 25) from the Hainan Branch of the China Securities Regulatory Commission on June 4, 2024 (hereinafter referred to as the "Warning Letter"). The relevant content is now announced as follows:
Xinlong Holding (Group) Co., Ltd., Bao Yue, Yu Chunshan, Dai Xiao: After investigation, our bureau found that your company has the following violations: Your company's announcement on the rectification of accounting errors in "Announcement on the Rectification of Accounting Errors by Xinlong Holding (Group) Co., Ltd." disclosed on April 30, 2024, shows that your company adjusted the recognition method of some trade revenue from "total method" to "net method" for the year 2023. Based on the above accounting error correction, the operating income for the first quarter, half year, and third quarter of 2023 will be reduced by CNY 41,250,733.61, CNY 57,958,463.35, and CNY 72,637,050.59, respectively.
Your company's aforementioned financial report information disclosure is inaccurate, which violates the provisions of Article 3, Paragraph 1 of the Measures for the Administration of Information Disclosure of Listed Companies (CSRC Order No. 182). Chairman Bao Yue, President Yu Chunshan, and CFO Dai Xiao failed to fulfill their due diligence, in violation of the provisions of Article 4 of the Measures for the Administration of Information Disclosure of Listed Companies (CSRC Order No. 182). According to Article 52 of the Measures for the Administration of Information Disclosure of Listed Companies (CSRC Order No. 182), our bureau has decided to adopt administrative supervision measures to issue a warning letter to your company, Bao Yue, Yu Chunshan, and Dai Xiao, and include it in the capital market integrity file database.