Zhitong Finance App News, Guanshi Technology (605588.SH) issued an announcement. The company recently received Decision [2024] No. 7 on Administrative Supervision Measures from the China Securities Regulatory Commission and the Jiangsu Regulatory Bureau — “Jiangsu Securities Regulatory Bureau's Decision on Issuing Warning Letter Measures against Nanjing Guanshi Technology Co., Ltd. and related personnel”.

After investigation, at the beginning of 2022, the company added a new trade and sales business for oversized polarizers, confirmed revenue according to the total amount method and disclosed it in the first quarter report, semi-annual report, and third quarter report of 2022. On April 28, 2023, the company disclosed the “Notice on Correction of Early Accounting Errors”, which adjusted the company's trade and sales revenue recognition method from the total amount method to the net amount method, and simultaneously reduced the operating income and operating costs of the company's 2022 first quarter report, semi-annual report, and third quarter report by 26.4234 million yuan, 10,9246 million yuan, and 15.045.28 million yuan, respectively.