What is the meaning of a scholar's statement: "Every verse or hadith that contradicts the saying of our companions is either subject to interpretation or abrogated," and who is the author of this statement?

The origin of the statement transmitted from Abu al-Hasan al-Karkhi, one of the Hanafi imams, is: "The fundamental principle is that every verse that contradicts the saying of our companions is to be interpreted as abrogated or as a preference, and it is better to interpret it through harmonization." This is applied to Quranic verses whose apparent meaning contradicts the Hanafi view, either by interpreting them to align with their school of thought, or by considering them abrogated if evidence exists, or by preferring one verse over another by prioritizing the one revealed later. The same applies to prophetic hadiths, where a report contradicting the Hanafi view is considered abrogated, or another evidence is sought for it, or it is preferred according to their methods of preference, or it is harmonized with their sayings.