China Resources: The revenue disclosure in the first quarter, half-year report, and third quarter report of 2024 is inaccurate and a warning letter has been issued.

Sina Finance reported on March 31st that Zhongli Group announced that the company and related personnel recently received a decision from the Jiangsu Securities Regulatory Bureau on issuing a warning letter to Jiangsu Zhongli Group Co., Ltd. and related personnel. After investigation, it was found that in the correction announcement of accounting errors for the first three quarters of 2024 disclosed by the company in 2025, the company changed the method of recognizing photovoltaic business revenue from the total amount method to the net amount method, resulting in adjustments of 2.81 billion yuan, 5.58 billion yuan, and 6.58 billion yuan in operating income for the first quarter, half-year, and third quarter of 2024 respectively, leading to inaccurate information disclosure. This behavior violates relevant regulations on information disclosure. The Jiangsu Securities Regulatory Bureau has decided to issue a warning letter to the company, former Chairman Wang Weifeng, and former CFO Xu Juncheng, and to record it in the integrity file of the securities and futures market.