LianChuang Electronic Technology (002036.SZ) receives a warning letter from the China Securities Regulatory Commission Jiangxi Regulatory Bureau.

LianChuang Electronic Technology (002036.SZ) has issued an announcement, stating that the company recently received a decision from the Jiangxi Regulatory Bureau of the China Securities Regulatory Commission (referred to as "Jiangxi Securities Regulatory Bureau") concerning the issuance of a warning letter to LianChuang Electronic Technology Technology Co., Ltd., Zeng Jiyong, and Zhou Manzhen. The specific situation is as follows: Improper accounting for collection and payment of electricity and water charges on behalf of others. In 2023 and 2024, the company collected and paid electricity and water charges on behalf of others, fully included the revenue and transferred to the cost, resulting in an overstatement of revenue and cost by 13.9048 million yuan in 2023 and 15.0859 million yuan in 2024. The above situation does not comply with the provisions of the "Enterprise Accounting Standards No. 14 - Revenue" Article 34, paragraph 1. Bad debt provision across periods. In 2023, the company's accounts receivable from customers' sales amounted to 130 million yuan, mistakenly recorded as prepaid accounts. The company made corrections in 2024 and recorded them as accounts receivable. The bad debt provision for this accounts receivable was not made in the 2023 fiscal year, but was postponed to 2024, resulting in an overstatement of net profit by 3.9145 million yuan in 2023 and an understatement of 3.9145 million yuan in 2024. The above situation does not comply with the provisions of "Enterprise Accounting Standards No. 37 - Financial Instruments" Article 28, paragraph 1, items 1 and 2. Insufficient implementation of internal control system. According to the company's internal control management system for accounts receivable, the company should conduct assessments on relevant personnel regarding accounts receivable work. However, the company did not actually carry out relevant internal accountability, implementation of rewards and sanctions, and other assessment work in 2023 and 2024. Inadequate preservation of accounts receivable collection records and related evidence. Firstly, the company conducted accounts receivable collection through work emails, organizing special meetings, sending inquiries to customers, sending lawyer letters, recording phone calls, conducting field visits, etc. However, due to factors such as changes in operating personnel, lax repayment management, and inadequate internal control, the relevant collection records were not fully preserved. Secondly, according to the company's internal control management system for accounts receivable, the company should retain analysis, judgment, and other related evidence on whether accounts receivable from bankrupt clients are unrecoverable, but the company did not effectively preserve them. The above situation does not comply with the provisions of "Guidelines for the Application of Enterprise Internal Control No. 9 - Sales Business" Article 10. The company's above actions violate the provisions of the "Regulations on the Disclosure of Information by Listed Companies" (CSRC Order No. 182, the same below) Article 3, paragraph 1. Zeng Jiyong, as the Chairman of the company, and Zhou Manzhen, as the Chief Financial Officer, did not fulfill their duties diligently in accordance with Article 4 of the Regulations on the Disclosure of Information by Listed Companies, and bear primary responsibility for the above situation. To maintain market order, regulate the operation of listed companies, and in accordance with Article 52, paragraph 3 of the Regulations on the Disclosure of Information by Listed Companies, Article 170, paragraph 2 of the Securities Law of the People's Republic of China, the Jiangxi Securities Regulatory Bureau has decided to take administrative supervisory measures by issuing a warning letter and entering the integrity records of the securities and futures markets for your company, Zeng Jiyong, and Zhou Manzhen.