Log in to Sina Finance APP to search [Xinpi] to see more evaluation levels.
May 13, 2024InternationalcasinonodepositbonusGome Communications equipment Co., Ltd. (600898) and its then Chairman Song Linlin, General Manager Song Huohong and Financial Director Guo Chen were warned by the Shanghai Stock Exchange for inaccurate disclosure of financial report information in 2022.
The regulatory authorities believe that there are two violations in the company: first, the basis for the recognition of the income of individual customers is not sufficient, the accounting treatment of sales return is not timely, and the measurement of income is not accurate, resulting in more recognition of operating income and operating costs. Second, the calculation of the credit impairment loss of individual customers is not accurate. The company has made retroactive adjustments to the 2022 financial statements, reducing net assets and operating income.
The Shanghai Stock Exchange requires the company and the board of directors to take effective measures to rectify the relevant violations and submit a rectification report.
* ST, formerly known as Zhengzhou Department Store Stationery Company, was listed on the Shanghai Stock Exchange in April 1996. In August 2003, the company changed its name to Sanlian Trading Co., Ltd. In February 2008, Shandong Longji Island Construction Co., Ltd. won 27 million shares by auction, and the actual control of the company was Huang Guangyu. In June 2017, the company changed its name to Gome Communication equipment Co., Ltd.
On the evening of April 24th, 2024, ST disclosed its 2023 financial results. The company achieved an operating income of 3907 last year.Internationalcasinonodepositbonus.260 million yuan, down 63.80% from 2022, while the net profit lost 112 million yuan. By the end of 2023, the net worth of ST had become negative.
ST shares will be delisted with a risk warning, trading will be suspended for one day on April 25, and its securities will become * ST from April 26.
As for the main reason for the loss, ST explained that due to the shrinking demand of the industry, there was a serious shortage of factory orders, and the main business income was only 35.56 million yuan in 2023. The decline in the scale of income can not cover more fixed costs, and the gross profit of the company's main business is-28.82 million yuan, which can not support the expenses of 42.6 million yuan as a whole, coupled with more bad debt losses related to some business receivables and prepayments. the loss of materials and so on led to a larger loss in the current period.
In its annual report, ST believes that despite signs of recovery in the consumer electronics industry after a downturn, the company's transition to high-margin customers is still slow. "the gross profit margin of the main business is low, and business income cannot fully cover various expenses, resulting in operating losses."
On the evening of April 15 this year, ST announced that the company received a "notice of administrative punishment and market ban" issued by the China Securities Regulatory Commission on the same day. Prior to this, ST received the notice of filing a case issued by the China Securities Regulatory Commission on December 6, 2023. According to relevant laws and regulations, the China Securities Regulatory Commission decided to file a case against the company because the company was suspected of violating the law and regulations in information disclosure.
Regulators believe that ST is suspected of breaking the law, including false records in the 2020 annual report, fraudulent issuance of private shares in 2020, and false records in the 2021 annual report.
According to the announcement, ST participated in the trading business of Apple phones, Konka color TVs and Huawei mobile phones carried out by related parties under the control of the same actual controller, which is a false purchase and sale business with closed-loop contracts and funds. Through false trade business, ST falsely increased operating income of 578 million yuan and operating cost of 575 million yuan, accounting for 61.53% of operating income and 62.18% of operating cost, respectively.
In the relevant documents of non-public offering in 2020, ST cited the above false trade business income data. The company confirmed that the false trade business income from January to September 2020 was 578 million yuan, accounting for 86.21% of the current operating income.
In March 2021, the China Securities Regulatory Commission approved ST Maxun's application for a non-public offering, that is, to issue shares to the controlling shareholder, Shandong Longji Island Construction Co., Ltd., to raise funds mainly for the Jingmei smart terminal production line transformation project. The documents related to the non-public offering of ST shares have false records, which constitute a fraudulent issue.
ST 2021 deferred income tax assets recognition, right to use assets and lease liabilities and other accounting treatment is improper.
On April 29, 2023, ST issued a "suggestive announcement on Prophase Accounting error Correction and retroactive Adjustment" to correct and retroactively adjust the accounting errors in the 2021 financial statements. The misstated net profit of ST in 2021 was 19.6298 million yuan, accounting for 38.35% of the net profit recorded in the current report. St's 2021 annual report has a false record.
The China Securities Regulatory Commission intends to order ST to correct, give a warning and impose a fine of 21.56 million yuan, while give a warning to the relevant responsible personnel and impose a fine of varying amounts. Among them, Song Linlin, Song Huohong, and Guo Chen, as the chairman, general manager, and financial director of ST Meixun, played a major role in the illegal activities involved in the case, seriously disrupting the securities market order and seriously harming the interests of investors, and the circumstances were more serious. The CSRC intends to decide to ban Song Linlin, Song Huohong and Guo Chen from the market for 10 years.