Sinovel's former chairman was publicly denounced

News from the Shanghai Stock Exchange said that due to the failure to be diligent during the period of service, so that the company irregularities, Sinovel wind power (market, interrogation) technology (Group) Co., Ltd., former chairman and president of Han Junliang was publicly denounced by SSE. Financial profit treasure, the current savings rate of 1000% after the identification, Sinovel wind power in information disclosure, standardize the operation of the following violations: April 20, 2013, the company released "Sinovel Wind Power Technology (Group) Co., Ltd. on the early Accounting Errors Correction Bulletin",　　The disclosure of the 2011 Annual report was adjusted retroactively, in which total assets were reduced by 690 million yuan, a decrease of 2%, the total amount of debt reduced by 511 million yuan, the decline of 2.4%; The main reason for the above retrospective adjustment is that the company's 2011 sales revenue related to false and false cases. The company's specific basis for revenue recognition must meet the following 3 conditions: First, the company has signed a sales contract with the customer, the second is the goods to the scene after the two sides have signed equipment acceptance procedures, the third is to complete the hoisting and obtain mutual recognition. Because some of the production staff of the false out of the library, warehousing operations, some of the customer service staff to provide false lifting reports, some of the financial staff based on false reports paying business treatment, resulting in some projects in the second and third income recognition conditions have confirmed the income.　　The above facts indicate that the company is suspected of manufacturing and disclosing false information, the annual report is not based on objective facts, and fails to reflect the financial data and business situation truthfully. After further identification, the company's former chairman and President Han Junliang, as the company's main responsible, failed to be diligent and responsible for product production, sales, bookkeeping process in the existence of false, false behavior bears unshirkable responsibility.　　The SSE concluded that its actions were a serious violation of the relevant provisions of the Shanghai Stock Exchange stock listing rules and the commitments made in the statement and commitment of directors (supervisors, senior managers). In view of the above irregularities and circumstances, the SSE Disciplinary Committee approved the following disciplinary decision: Han Junliang, former chairman and president of Sinovel Technology (Group) Co., Ltd., was publicly condemned. Xinhua）