revenue recognition

Another Major Manufacturer’s MCU and SoC Shipments Exceed 100 Million

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Another Major Manufacturer's MCU and SoC Shipments Exceed 100 Million

On November 20, 2023, Siwei Tuxin (002405.SZ) responded to concentrated inquiries from investors regarding chip shipments and revenue recognition on its investor relations platform. Previously, the company’s semi-annual report disclosed that its subsidiary Jiefa Technology shipped approximately 90 million SoC chips and about 80 million MCU chips in the first half of the year. In … Read more

Compilation of Regulatory Cases: Revenue Section (Part 3)

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Compilation of Regulatory Cases: Revenue Section (Part 3)

1. Accounting Treatment of Receivables from Suppliers How should the amounts received by dealers from suppliers be accounted for? Case: Company A primarily engages in automobile dealership, with its main profit sources being the gross profit from buying and selling and rebates from various automobile manufacturers. At the end of the reporting period, there were … Read more