Han Jia Intelligent: Received the decision letter of administrative penalty from the Ministry of Finance

Han Jia Intelligence Announcement: The company has received a decision letter from the Ministry of Finance, which determined that the recognition of income for 6 joint venture projects of EPC consortiums in 2024 using the total amount method according to performance progress did not comply with regulations. Income should be recognized using the net amount method, resulting in an overstatement of income by 2.93 billion yuan and an overstated cost of 2.93 billion yuan. The Ministry of Finance has decided to warn the company, publically criticize it, and impose a fine of 800,000 yuan. The former unit leader, former head of accounting, and former head of the accounting institution will be fined 200,000 yuan, 100,000 yuan, and 100,000 yuan respectively. The company attaches great importance to this matter and will make serious efforts to rectify it.