China Net Finance, December 29 (Reporter Hu Zhaohui, Li Bingyan) On the evening of December 28, Zhongqingbao (300052SZ) announced that the company recently received the "Shenzhen Securities Regulatory Bureau's Decision on Issuing a Warning Letter to Shenzhen Zhongqingbao Interactive Network Co., Ltd." (hereinafter referred to as the "Warning Letter") issued by the Shenzhen Securities Regulatory Commission and the Shenzhen Securities Regulatory Bureau.
On December 27, the Shenzhen Stock Exchange issued a regulatory letter to Zhongqingbao, pointing out that Zhongqingbao had inaccurate financial data disclosed in its regular reports from 2019 to 2021, weak internal control of related businesses of its holding subsidiaries, and insufficient basis for impairment of accounts receivable.
According to the warning letter, the financial data disclosed in Zhongqingbao's periodic reports from 2019 to 2021 was inaccurate, which violated the provisions of Article 3, Paragraph 1 of the Administrative Measures for Information Disclosure of Listed Companies.
In addition, the Shenzhen Securities Regulatory Bureau believes that Zhongqingbao also has problems such as weak internal control of the relevant business of its holding subsidiaries and insufficient basis for the impairment of accounts receivable. Therefore, the Shenzhen Securities Regulatory Bureau decided to take administrative supervision measures of issuing a warning letter to Zhongqingbao in accordance with the provisions of Article 52, Paragraph 3 of the Administrative Measures for Information Disclosure of Listed Companies.
In this regard, Zhongqingbao said in the announcement that the company has carried out a comprehensive review in the early stage. In order to reflect the company's operating results and financial status more objectively, truthfully, accurately and completely, based on the principle of accounting prudence and in accordance with the Accounting Standards for Business Enterprises and other relevant regulations, the company has corrected and retrospectively adjusted the accounting errors in the annual accounting statements for 2019, 2020 and 2021, and disclosed the "Announcement on the Correction and Retrospective Adjustment of Accounting Errors in the Previous Period" (hereinafter referred to as the "Announcement") on April 27, 2023.
Zhongqingbao stated in the "Announcement" that when the company carried out the annual self-inspection and approval procedures, it was found that its individual subsidiaries may have insufficient conditions for the accounting recognition of their revenue costs or intangible assets in the resale or procurement of transmission business in 2019, 2020 and 2021.
According to public information, Zhongqingbao's main business is game business, cloud service business, digital twin and cultural tourism business.
According to the financial report, Zhongqingbao's revenue in the first three quarters of this year was about 19.6 billion yuan, a year-on-year decrease of 1304%；The net profit loss attributable to the parent company was about 890,000 yuan, and the net profit in the same period last year was 705160,000 yuan.