On June 14, 2024, Shandong Longertek Technology (300594.SZ) announced that it received a warning letter from the Shandong Securities Regulatory Bureau.
On June 14, 2024, Shandong Longertek Technology (300594.SZ) announced that it received a decision from the Shandong Securities Regulatory Bureau to issue a warning letter to the company.
The warning letter pointed out that on January 29, 2024, the company disclosed the "2023 Annual Performance Forecast", with a net income of RMB 10-15 million attributable to shareholders of listed companies expected to be realized in 2023. On April 22, 2024, the company disclosed the "Revision Notice of 2023 Annual Performance Forecast", which revised the expected net income attributable to shareholders of listed companies to be -RMB 3-4 million in 2023. On April 26, 2024, the company disclosed the "2023 Annual Report", with the net income attributable to shareholders of listed companies in 2023 being -RMB 3.17 million. The company failed to fully estimate the asset impairment losses, credit impairment losses, etc., resulting in inaccurate financial data disclosure in the "2023 Annual Performance Forecast".