Hunan Kylinsec Technology (688152.SH) received administrative regulatory measures from the Hunan Securities Regulatory Bureau to take corrective actions.

Hunan Kylinsec Technology (688152.SH) issued an announcement recently, stating that the company has received the decision of the Hunan Regulatory Bureau of the China Securities Regulatory Commission on imposing administrative supervisory measures to rectify the Hunan Kylinsec Technology Co., Ltd. (2024No.43). At the end of 2023, the company reduced its 2023 operating income by 20,973,800 yuan due to contract changes, of which 6,384,700 yuan of operating income should have been offset in the 2023 half-year report, but accounting treatment was not carried out in a timely manner, leading to misrepresentation in the 2023 half-year report. This behavior violated the provisions of Article 3(1) of the "Administrative Measures for Information Disclosure of Listed Companies" (CSRC Order No.182). According to Article 52 of the "Administrative Measures for Information Disclosure of Listed Companies," the Hunan Regulatory Bureau has decided to impose administrative supervisory measures to rectify the company and record it in the integrity file of the securities and futures market.