According to the Zhitong Finance APP, SI-TECH (300608.SZ) announced that the company recently received a decision from the Beijing Regulatory Bureau of the China Securities Regulatory Commission regarding the issuance of a warning letter administrative regulatory measure against Beijing SI-TECH Information Technology Co., Ltd., Wu Feizhou, and Xian Haifeng. The decision states:

The company has the following facts: First, the timing of the recognition of intangible assets is inaccurate. The timing of the transfer of certain projects to intangible assets does not match the actual situation, resulting in an inaccurate amortization amount for intangible assets in the 2023 fiscal year. Second, the impairment provision for intangible assets is insufficient. The company did not fully consider the impact of the new self-developed software on the sales of the old self-developed software and did not provide impairment for the intangible assets of the old self-developed software, leading to insufficient impairment of intangible assets in the 2023 fiscal year. Third, the accounting for long-term equity investments is not standardized. The company has significant influence over certain entities but did not account for them as long-term equity investments. The above situations do not comply with Article 9 and Article 17 of the "Accounting Standards for Enterprises No. 6 - Intangible Assets" and Article 11 of the "Accounting Standards for Enterprises No. 2 - Long-term Equity Investments," affecting the accuracy of the relevant financial information disclosure for the 2023 fiscal year