Zhitong Financial APP News, Feili letter (300287.SZ) notice, the company, Yang Zhenhua, Cao Xinjun recently received the China Securities Regulatory Commission Beijing Regulatory Bureau issued a "decision on Beijing Feilixin Technology Co., Ltd., Yang Zhenhua, Cao Xinjun to take warning letter administrative supervision measures." The warning letter points out that the company has the following problems:
The credit risk portfolio is not properly evaluated and divided. For some accounts receivable with obviously different credit risk characteristics, the credit risk portfolio is not properly evaluated and classified, and the expected credit loss is calculated.
The calculation of credit impairment loss is not accurate, first, the age of individual accounts receivable is wrong; second, the accounting treatment of direct write-off of individual accounts receivable is not appropriate. Some of the accounts receivable that are still in the process of litigation and are not really uncollectible can be written off directly. As a result, the calculation of relevant credit impairment losses is not accurate.
The accounting treatment of long-term receivables is inappropriate. Transfer part of the long-term receivables to accounts receivable accounting, resulting in inaccurate listing of non-current asset balances and accounts receivable balances due within one year. For some long-term receivables with obviously different credit risk characteristics, the credit risk portfolio is not properly evaluated and classified, and the expected credit loss is calculated.
The amount of previous period occurrence of individual projects in the notes to the 2022 financial statements is incorrect. If the depreciation and amortization of the right-to-use assets are included in the "rent" sub-item of costs and expenses, the unrecognized financing expenses of the relevant funds collected by installments will be included in the "interest expense" sub-item of financial expenses.
Part of the project management is not in place. For some of the projects that need to be accepted and confirmed, the company records internally that the project has been completed, and recognizes the income when receiving the refund, and fails to obtain the acceptance form in time.