Every reporter Zhao Li Nan every editor Chen Junjie

On April 21, Shengtun Mining (SH600711, share price 4.Snowbros2.68 yuan, with a market capitalization of 14.7 billion yuan) announced that it had recently received a notice from Xiamen Securities Regulatory BureauSnowbros2Decision of Xiamen Securities Regulatory Bureau on taking measures to order correction and issue warning letter to Shengtun Mining Group Co., Ltd.

A reporter from the Daily Economic News noted that according to a survey by Xiamen Securities Regulatory Bureau, Shengtun Mining Industry has confirmed about 4% more in 2021 and 2022.Snowbros2Operating income of .40 billion yuan.

"during the period from 2021 to 2022, when your company carried out the sales business of cobalt wet smelting intermediate products with relevant customers, the control of the goods was not substantially transferred when the goods were delivered to the relevant customers, and your company recognized the revenue at the time of delivery, and the accounting treatment was inaccurate." Xiamen Securities Regulatory Bureau said.

According to the investigation, the individual cobalt wet smelting intermediates sold to customers by Shengtun Mining Co., Ltd., were bought back for production by a subsidiary of Shengtun Mining Industry and were not merged to offset. As a result of the above-mentioned events, the recognized income of Shengtun Mining Industry in 2021 is about 360 million yuan, accounting for 0.79% of the current operating income, and the more recognized profit is about 190 million yuan, accounting for 7.15% of the total profit of the year.Snowbros2In 2022, the recognized income was about 80 million yuan, accounting for 0.33% of the year's operating income, and the total underrecognized profit was about 140 million yuan, accounting for 18.2% of the total profit for the year.

Xiamen Securities Regulatory Bureau decided to take the administrative supervision measures of ordering correction and issuing warning letters to Shengtun Mining Industry, and record the relevant information in the integrity files according to the provisions of the measures for Integrity Supervision and Administration of Securities and Futures Market.

Shengtun Mining said that after receiving the above "decision", all the directors, supervisors and senior managers of the company attached great importance to it and would comprehensively sort out the problems existing in the company in accordance with the requirements of the Xiamen Securities and Regulatory Bureau, so as to prevent such incidents from happening again. In strict accordance with the requirements, the company will complete the rectification work and submit a rectification report within the prescribed time limit.

"in the follow-up, the company will organize relevant personnel to study laws and regulations in depth, continuously improve the professional level of financial personnel, enhance the ability of accounting and financial management, comprehensively improve the level of corporate governance, and promote the healthy and stable development of the company. safeguard the interests of the company and all shareholders, especially minority shareholders." Shengtun Mining said.