Shantou Ultrasonic Instrument Research Institute Co., Ltd. (hereinafter referred to as "the Company") is changing its accounting policies in accordance with the Ministry of Finance of the People's Republic of China (hereinafter referred to as "the Ministry") announcement titled "Notice on Issuing Interpretation No. 19 of the Enterprise Accounting Standards" (Cai Kuai [2025] No. 32) (hereinafter referred to as "Interpretation No. 19"). This change in accounting policy complies with relevant laws and regulations and will not have a significant impact on the Company's financial position, operating results, or cash flows. It does not require submission for consideration by the Company's board of directors or shareholders. The specific details are as follows:
301602SZSE
Announcement on Changes in Accounting Policies
✨ AI Summary
Shantou Ultrasonic Instrument Research Institute Co., Ltd. is changing its accounting policies in accordance with the Ministry of Finance's new guidelines effective January 1, 2026. The changes relate to the accounting treatment of compensatory assets in business combinations and other financial disclosures. This adjustment is not expected to significantly impact the company's financial position, operating results, or cash flows, and does not require board or shareholder approval.
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