--- title: "Shuifa Gas and related personnel received a warning letter from the Dalian Securities Regulatory Bureau" type: "News" locale: "en" url: "https://longbridge.com/en/news/226330799.md" description: "Shuifa Gas recently received a warning letter from the Dalian Securities Regulatory Bureau due to inaccurate disclosure of financial report information. The company announced on October 28, 2023, that it had corrected accounting errors from 2020 to 2023, resulting in a reduction of operating income by 111,627,517.22 yuan, 210,562,602.30 yuan, 443,942,736.08 yuan, and 76,809,853.76 yuan, respectively. The responsible individuals include the then Chairman Shang Zhiyong, General Manager Li Qiming, and Chief Financial Officer Yan Fenglai. The Securities Regulatory Bureau requires the company to submit a rectification report within 30 days" datetime: "2025-01-27T07:44:02.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/226330799.md) - [en](https://longbridge.com/en/news/226330799.md) - [zh-HK](https://longbridge.com/zh-HK/news/226330799.md) generator: "portal-rs" --- # Shuifa Gas and related personnel received a warning letter from the Dalian Securities Regulatory Bureau According to the Zhitong Finance APP, Shuifa Gas (603318.SH) announced that it recently received a warning letter from the Dalian Regulatory Bureau of the China Securities Regulatory Commission (CSRC) (referred to as: Dalian Securities Regulatory Bureau) regarding the decision to issue a warning letter to Shuifa Gas Co., Ltd., Shang Zhiyong, Li Qiming, and Yan Fenglai (Document No. \[2025\] 1) (referred to as: warning letter). The relevant situation is announced as follows: After investigation, it was found that Shuifa Gas had the following issues with inaccurate financial report information disclosure: On October 28, 2023, Shuifa Gas issued an announcement regarding the correction of prior accounting errors, correcting the accounting treatment of certain trade-type sales for the years 2020, 2021, 2022, and the first half of 2023 from the gross method to the net method. This correction of accounting errors reduced the reported operating income amounts in the annual reports for 2020, 2021, 2022, and the semi-annual report for 2023 by 111,627,517.22 yuan, 210,562,602.30 yuan, 443,942,736.08 yuan, and 76,809,853.76 yuan, respectively. The information disclosure in the annual reports for 2020, 2021, 2022, and the semi-annual report for 2023 of Shuifa Gas was inaccurate, violating Article 3, Paragraph 1 of the Administrative Measures for Information Disclosure of Listed Companies (2021 Revision) (CSRC Order No. 182, referred to as: Information Disclosure Management Measures). Shang Zhiyong, as the then chairman of the company, Li Qiming, as the then general manager and board secretary, and Yan Fenglai, as the then chief financial officer, failed to fulfill their duties of loyalty and diligence in accordance with Articles 4, 51, Paragraph 1, and Paragraph 3 of the Information Disclosure Management Measures, and bear primary responsibility for the company's aforementioned violations. According to Article 52 of the Information Disclosure Management Measures, our bureau has decided to take administrative regulatory measures against Shuifa Gas, Shang Zhiyong, Li Qiming, and Yan Fenglai by issuing a warning letter, which will be recorded in the integrity file of the securities and futures market. You should seriously learn from this lesson, enhance your awareness of standardized operations, and fulfill your information disclosure obligations truthfully, accurately, completely, timely, and fairly in accordance with the law. You should submit a rectification report to our bureau within 30 days of receiving this decision, taking practical and effective measures to improve information disclosure work ### Related Stocks - [603318.CN](https://longbridge.com/en/quote/603318.CN.md) - [600233.CN](https://longbridge.com/en/quote/600233.CN.md) - [600415.CN](https://longbridge.com/en/quote/600415.CN.md) ## Related News & Research - [09:26 ETThe SOC 2 Industry Is Facing an Arthur Andersen Moment, Warns RISCPoint's Jake Nix](https://longbridge.com/en/news/296363416.md) - [Cocoa Prices Fall on Rising Nigerian Cocoa Exports](https://longbridge.com/en/news/296637826.md) - [Galway Metals (CVE:GWM) Director Purchases 80,000 Shares of Stock](https://longbridge.com/en/news/296527906.md) - [09:25 ETThe Brothers That Just Do Gutters Encourages Homeowners to Prepare for the Great American Leaf Drop](https://longbridge.com/en/news/296235825.md) - [REG - PetroTal Corp. - Director Dealing](https://longbridge.com/en/news/296381467.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**