V view of the financial report China Construction was filed for violations of laws and regulations

Mondo Social Updated on 2024-01-29

Zhongxin Jingwei, December 15, Shenzhen China Construction Group Co., Ltd. *** hereinafter referred to as China Construction Group) was filed by the China Securities Regulatory Commission on suspicion of violating laws and regulations.

According to the announcement disclosed on the evening of the 15th, the company received the "Notice of Case Filing" (No. 007202336 Zheng Jian Case Filing) issued by the China ** Regulatory Commission (hereinafter referred to as the "China Securities Regulatory Commission") on the same day. Due to the company's suspected illegal information disclosure, the China Securities Regulatory Commission decided to file a case against the company in accordance with the "** Law of the People's Republic of China", "Administrative Punishment Law of the People's Republic of China" and other laws and regulations.

According to the announcement, during the investigation, the company will actively cooperate with the investigation of the China Securities Regulatory Commission and fulfill its information disclosure obligations in strict accordance with regulatory requirements. At present, the company's business situation is normal.

It is worth noting that the company announced on the evening of October 20 that it had received the "Decision of the Shenzhen Securities Regulatory Bureau on Issuing a Warning Letter to Shenzhen China Construction Group Co., Ltd." (No. 2023 No. 181, hereinafter referred to as the "Warning Letter") issued by the Shenzhen Securities Regulatory Bureau.

According to the warning letter, on April 27, 2023, China Construction disclosed the "Announcement on the Correction of Accounting Errors in the Previous Period", retrospectively adjusting the financial statements from 2018 to 2021.

The Shenzhen Securities Regulatory Bureau pointed out that the above-mentioned corrections reflected the inaccurate disclosure of relevant financial data information in the company's annual reports from 2018 to 2021, which violated the provisions of Article 3, Paragraph 1 of the Administrative Measures for Information Disclosure of Listed Companies (Decree No. 182 of the CSRC, the same below).

In accordance with the provisions of Article 52 of the Administrative Measures for Information Disclosure of Listed Companies, the Shenzhen Securities Regulatory Bureau decided to take regulatory measures to issue a warning letter to China Construction Construction.

According to the data, China Construction Construction was established in 1994 and listed on the Shenzhen Stock Exchange in 2016. The company is committed to the research of green buildings and the application and development of new energy, and its main products are decoration construction, decoration design and garden business.

In terms of performance, in the first three quarters of 2023, the company's revenue was 260.7 billion yuan, down 2193%;The net profit loss attributable to the parent company was 9156960,000 yuan, a year-on-year increase of 160675%。

In the secondary market, China Construction closed at 4 on the 15th64 yuan, down 128%, the company's latest market capitalization is 331.1 billion yuan. (Zhongxin Jingwei app).

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