Lyric Selected as a Typical Case of Internal Control for Listed Companies in 2026

Recently, the China Association for Public Companies officially announced the results of the "2026 Typical Case of Internal Control Collection Campaign for Listed Companies". Lyric’s submission, Digital Intelligence Empowers Accurate R&D Expense Accounting and Closed-Loop Internal Control Management — Internal Control Practice of Lyric’s R&D Man-Hour Accounting System, has been successfully selected.

As a listed company in the intelligent equipment sector, Lyric manages numerous R&D projects where researchers work on multiple assignments in parallel. It has long grappled with common industry pain points: difficulties in splitting R&D man-hours and the complexity of expense accumulation. Moving beyond the limitation of traditional internal control that “emphasizes rules over execution”, Lyric leverages its self-developed R&D man-hour accounting system to digitally and intelligently restructure its internal control system. By embedding internal control rules into the full R&D workflow, the company connects the chains of R&D projects, man-hour submission, multi-level approval, cost accumulation and financial accounting. This enables real-time logging of man-hour data and automatic, precise aggregation of R&D expenses, forming a traceable, verifiable and supervisable closed-loop internal control framework.

Lyric has always attached great importance to internal control and corporate governance. Going forward, the company will continue to upgrade its internal control system. It will leverage digital and intelligent internal control to underpin high-quality development, and offer a referable and replicable practical model for internal control development among listed companies in China’s intelligent equipment industry.