Core Viewpoint - The Shenzhen Stock Exchange has criticized Lianda Accounting Firm and its certified public accountants for providing false audit reports for Guangdong Super Hua Technology Co., Ltd. from 2019 to 2022, highlighting significant violations in their auditing practices [1][4][10]. Group 1: Violations in Audit Reports - Lianda issued false audit reports for Super Hua Technology's financial statements from 2019 to 2022, failing to disclose related party transactions and non-operating fund occupation [1][4]. - The audit reports for 2019 and 2020 were issued with unqualified opinions, while those for 2021 and 2022 received qualified opinions, indicating a lack of diligence in the auditing process [5][6]. Group 2: Lack of Diligence in Auditing - Lianda did not adequately execute risk response measures for prepaid items, with significant balances reported: 80.86% in 2019, 81.53% in 2020, 91.76% in 2021, and 67.99% in 2022 [5][6]. - The firm failed to properly check the documentation for accounts payable and other receivables, lacking sufficient audit evidence to support their conclusions [6][7]. - The firm did not maintain control over confirmation procedures, leading to issues such as incorrect addresses and failure to follow up on confirmations [7][8]. Group 3: Failure to Address Fraud Risks - Lianda did not maintain professional skepticism regarding unusual circumstances, such as the relationships between suppliers and the actual controller, Liang [8][9]. - The firm inadequately evaluated fraud risks, particularly in light of known personal debt issues related to Liang, which were not reflected in their assessments [8][9]. Group 4: Disciplinary Actions - The Shenzhen Stock Exchange has decided to publicly criticize Lianda Accounting Firm and the responsible accountants, marking these violations in their integrity records [10].

Core Viewpoint - The article focuses on three core dimensions: information disclosure, corporate governance, and standardized operations, systematically summarizing key points and deep impacts of various revisions to provide practical references for the board of directors of companies listed on the Sci-Tech Innovation Board and related practitioners [1]. Group 1: Background and Core Context of Rule Revisions - The Shanghai Stock Exchange's Sci-Tech Innovation Board Stock Listing Rules were officially implemented on March 1, 2019, following approval by the China Securities Regulatory Commission. The revisions have undergone five significant updates to align with key policy requirements such as the delisting system reform and the independent director system reform [2]. Group 2: Key Points of Information Disclosure Regulations Revisions - Information disclosure has been continuously strengthened in terms of authenticity, accuracy, and completeness through various revisions, detailing disclosure standards and operational norms [3]. Subgroup 1: Optimization of Regular Report Disclosure System - A rigid requirement was added stating that if more than half of the directors cannot guarantee the truthfulness, accuracy, and completeness of the regular report, it is considered not approved [4]. - Responsibilities of key executives such as the general manager, financial officer, and board secretary in the preparation and disclosure of regular reports were specified, requiring financial information to be approved by more than half of the audit committee before submission to the board [4]. - Directors and executives must confirm the compliance of the preparation and review procedures and the truthfulness of the content in writing; dissenting directors and audit committee members must vote against or abstain and provide written reasons [4]. - Annual financial reports must be audited by a qualified accounting firm as per the Securities Law, and unaudited reports cannot be disclosed [4]. - The rules for trading suspension were simplified by removing the requirement for suspension due to undisclosed quarterly reports and optimizing the suspension process to balance regulatory efficiency and market liquidity [4]. Subgroup 2: Major Transaction Regulations - The scope of transactions was expanded to clarify that "purchasing low-risk bank wealth management products" is not included in external investments, and "waiving rights" is now classified as a major transaction type [8]. - The exemption clause for net profit indicators for unprofitable companies was canceled, and it was clarified that when relevant indicators are negative, their absolute values should be used for calculations [8]. - Financial assistance must be approved by more than half of the board of directors and two-thirds of the attending directors if the single or cumulative amount exceeds 10% of net assets or if the recipient's debt ratio exceeds 70% [9]. Subgroup 3: Related Party Transaction Supervision Mechanism Improvement - A requirement was established for directors, executives, and shareholders holding more than 5% to report related party lists and relationships promptly, creating a routine registration management mechanism to prevent non-related party transactions [16]. - Related transactions must be approved by more than half of the independent directors before being submitted to the board for review [16]. - The cumulative calculation rules were refined to clarify that transactions with different related parties under the same category must be combined for calculation [16]. Subgroup 4: Accounting Policy and Asset Impairment Disclosure Norms - A regulatory red line was defined, stating that companies must not manipulate financial indicators such as operating income, net profit, and net assets through changes in accounting policies or estimates [19]. - Changes in accounting policies must disclose an overview, impact, and any changes in profit or loss nature, and must be approved by the board and disclosed accordingly [19]. - If asset impairment provisions or asset write-offs affect the current profit and loss by more than 10% of the absolute value of the most recent audited net profit and exceed 1 million yuan, timely disclosure is required [19].

Core Viewpoint - The Shenzhen Stock Exchange has imposed self-regulatory measures on the sponsoring representatives Zhou Jiaming and Wang Wei for their inadequate verification of information disclosure related to the IPO of Huizhou Renxin New Materials Co., Ltd. [1][4] Group 1: Company Overview - Huizhou Renxin New Materials Co., Ltd. was established on January 21, 2011, and became a joint-stock company on March 14, 2018 [2]. - The registered capital of the company is 10.869 million yuan, and its legal representative is Qiu Hanzhou [2]. - The company operates in the manufacturing of chemical raw materials and chemical products, with its main production address located at Huizhou Daya Bay [2]. Group 2: IPO and Regulatory Actions - The application for the IPO of Huizhou Renxin New Materials was accepted by the Shenzhen Stock Exchange on April 30, 2021, and the company was listed on July 3, 2023 [4]. - The company cited third-party industry research data in its prospectus and responses to inquiries but failed to adequately disclose discrepancies between its forecasts and the third-party data [4][5]. - The actions of the sponsoring representatives violated the Stock Issuance and Listing Review Rules, leading to self-regulatory measures being taken against them [5].

Core Viewpoint - The article discusses the recent IPO approvals and delays for two companies, Mifutech (Zhejiang) Co., Ltd. and Ningbo Huikang Industrial Technology Co., Ltd., highlighting their financial performance and business focus [1]. Group 1: Ningbo Huikang Industrial Technology Co., Ltd. - The company specializes in the research, production, and sales of refrigeration equipment, including ice machines, refrigerators, and cold cabinets, primarily serving both residential and commercial markets [4]. - The company reported revenues of 193,006.09 million yuan, 249,334.71 million yuan, 320,377.71 million yuan, and 138,907.72 million yuan over the past four years, with net profits of 22,474.46 million yuan, 34,538.67 million yuan, 44,228.70 million yuan, and 19,351.48 million yuan respectively [5]. - The company has a total of 15 wholly-owned subsidiaries and employs 2,568 people as of June 2025 [4]. Group 2: Mifutech (Zhejiang) Co., Ltd. - The company focuses on the research, production, and sales of key components for automotive fluid pipeline systems and other plastic parts, with products applicable to both new energy and traditional fuel vehicles [8]. - Mifutech reported revenues of 13,812.29 million yuan, 20,171.56 million yuan, 27,290.72 million yuan, and 15,245.77 million yuan over the past four years, with net profits of 3,742.1 million yuan, 5,817.23 million yuan, 7,636.76 million yuan, and 4,099.36 million yuan respectively [10]. - The company has three controlling subsidiaries and employs 286 people as of June 2025 [8]. Group 3: Financial Metrics and Standards - Ningbo Huikang has chosen to meet the listing standards that require positive net profits over the last three years, with a cumulative net profit of no less than 200 million yuan and a minimum of 100 million yuan in the most recent year [7]. - Mifutech has opted for listing standards that require a market value of no less than 200 million yuan, with net profits of at least 15 million yuan in the last two years or 25 million yuan in the most recent year [12]. - Both companies have faced inquiries regarding the sustainability of their earnings and the accuracy of their revenue recognition processes [13].

文/梧桐小编 1月19日，厦门证监局公布《关于对金圆统一证券有限公司采取出具警示函措施的决定》。经查，该公司作为厦门路桥信息股份有限公司（920748）持续督导机 构，未勤勉尽责，未有效持续督导路桥信息履行规范运作、信息披露等义务。 据公开资料，路桥信息2023年8月16日北交所上市，保荐机构即为金圆统一证券。 | 索引 号 | | bm56000001/2026-00000678 | ਜੋ 崇 | 行政监管措施;行政执法 | | --- | --- | --- | --- | --- | | 发布机构 | | | 发文日期 | 2026年01月19日 | | ਲ | 称 | 厦门证监局关于对金圆统一证券有限公司采取出具警示函措施的决定 | | | | 文 | 특 | 中国证券监督管理委员会厦门监管局行政监管措施决定书〔2025〕39号 | 主题词 | | | 经查，你公司作为厦门路桥信息股份有限公司（以下简称路桥信息）持续督导机构，未勤勉尽责，未有效持续督导路桥信息履行规范运作、信息披露等义 | | --- | | 务，违反了《证券发行上市保荐业务管理办法》（证监会令第207号）第十六条第二款的规定。 | ...

文/梧桐小编 1月21日，安徽证监局公布《关于对容诚会计师事务所（特殊普通合伙）及相关人员采取出具警示函措施的决定》。罕见的是，除容诚所外，被出具警示函的相关 人员多达27名。安徽证监局牵头对容诚所进行了检查。经查，该所存在以下问题： 一、内部治理方面：一是财务管理不到位，内部财务制度存在部分冲突，个别分所财务审批流程执行不规范。二是个别分所印章及合同管理不到位。 二、质量管理方面：一是未实现全所范围内统一委派项目质量复核人员。二是未定期开展事务所整体层面质量风险评估。三是对归档后的电子底稿未建立借阅、 复制、借出等制度，也未设计有效控制。四是底稿防篡改机制不健全。五是部分项目超期归档。 三、独立性方面：一是部分审计、审阅、专项鉴证等收费项目未签订业务约定书。二是存在为同一客户同时提供内控审计及内控专项咨询情形。三是个别合伙 人、项目组成员及其主要近亲属违规买卖上市公司股票。四是部分项目内幕信息知情人管理不规范。 四、项目执业质量方面：（一）风险评估方面。一是舞弊风险评价底稿中描述前后矛盾，未能形成一致的审计结论。二是未将超出正常经营过程的重大关联交易 识别为特别风险，未相应制定风险应对措施。三是重要业务循环 ...

文/飞云 单位：万元 | | 北交所 | | | | | | --- | --- | --- | --- | --- | --- | | 公司简称 | 主营业务 | 2024年营收 | 2024年净利润 | 审核结果 | 保荐/律所/审计 | | 百瑞吉 | 生物医用材料 | 23,122.72 | 5,369.42 | 通过 | 中金公司/锦天城/容诚 | 注：净利润为扣非归母净利润 常州百瑞吉生物医药股份有限公司 是一家主要从事生物医用材料等产品研发、生产和销售的高新技术企业，同时少量从事含透明 质酸功能性衍生物的功效护肤品的生产及销售业务。公司控股股东及实际控制人为舒晓正，其合计控制公司 32.36% 的股份对应的 表决权。报告期内，公司营业收入分别为 15,073.99 万元、19,817.83 万元、23,122.72 万元和 14,146.25 万元，扣非归母净利润分别 为 2,731.51 万元、4,511.50 万元、5,369.42 万元和 4,129.24 万元。 一、基本信息 公司是一家主要从事生物医用材料等产品研发、生产和销售的高新技术企业，致力于通过自主创新打造技术领先的生物模拟组织 ...

Core Viewpoint - Nanjing Qinheng Microelectronics Co., Ltd. has had its IPO review terminated by the Shanghai Stock Exchange due to the withdrawal of application documents by the company and its sponsor, Huatai United Securities, marking it as the second company to have its IPO review terminated in 2026 [1][3]. Group 1: Company Overview - Nanjing Qinheng Microelectronics was established in May 2004 and transformed into a joint-stock company in June 2019, with a registered capital of 632.42 million yuan [3]. - The company is primarily controlled by Jiangsu Qinheng Co., Ltd., with the actual controller Wang Chunhua holding a total of 94.57% of the shares, indicating a high concentration of control [3]. Group 2: Financial Performance - The company reported net profits attributable to the parent company of 0.4895 billion yuan, 0.6289 billion yuan, 0.9724 billion yuan, and 0.7910 billion yuan for the years 2022, 2023, 2024, and the first half of 2025, respectively [1][6]. - The total operating revenue for the same periods was 2.3826 billion yuan, 3.0761 billion yuan, 3.9680 billion yuan, and 2.4898 billion yuan [6]. Group 3: Revenue Composition - The main business revenue composition includes USB interface chips, which accounted for 49.41% of total revenue in the first half of 2025, and MCU chips, which contributed 21.19% [5]. - The company’s revenue from USB interface chips has shown a consistent increase, with figures of 12,301.97 million yuan in the first half of 2025, 20,785.64 million yuan in 2024, and 18,296.67 million yuan in 2023 [5]. Group 4: R&D Investment - Cumulative R&D investment exceeded 200 million yuan during the reporting period, representing 21.72% of cumulative operating revenue [8][9]. - As of December 31, 2024, the company had 160 R&D personnel, accounting for 57.97% of the total workforce [8]. Group 5: Tax Incentives - The company benefited from tax incentives that exceeded 20% of total profits during the reporting period, with total tax incentives of 1,346.25 million yuan, 1,700.04 million yuan, 2,358.51 million yuan, and 1,955.65 million yuan for the years 2022 to 2025 [12]. Group 6: Customer Base - The top five customers contributed to 10.28%, 15.05%, 14.15%, and 16.67% of total revenue in the years 2022, 2023, 2024, and the first half of 2025, respectively, indicating a diverse customer base [10][11]. Group 7: IPO Fundraising Plans - The company planned to raise 931.54 million yuan through its IPO for three R&D and industrialization projects, including USB chip development and industrialization, network chip development, and full-stack MCU chip development [16][17].

Core Viewpoint - The article discusses the warning issued by the Chongqing Securities Regulatory Bureau against Lixin Certified Public Accountants and its auditors for deficiencies in the audit of China Automotive Engineering Research Institute Co., Ltd.'s 2024 annual report [1][3][4]. Group 1: Control Testing Issues - There were insufficient sample sizes for control testing, biased sample selection, and incomplete or contradictory documentation in the audit work papers, violating several auditing standards [3][4]. Group 2: Substantive Procedures Issues - The auditors failed to check the post-balance payment situations for significant accounts receivable clients, did not properly verify the valuation of non-current financial assets, and inadequately addressed abnormal responses in confirmation letters, leading to undetected irregularities in revenue recognition [3][4]. Group 3: Other Compliance Issues - The auditors did not determine the importance levels for various components and failed to document the rationale for selecting these levels in the work papers, which contravenes relevant auditing standards and disclosure regulations [4].

Core Viewpoint - The article discusses the approval of two companies for IPOs, highlighting their financial performance and business focus in the automotive electronics and material automation sectors [1]. Group 1: Company Overview - Wuhu Aiteke Automotive Electronics Co., Ltd. is a leading provider of automotive electronic intelligent solutions, focusing on R&D, production, and sales of automotive electronic products [3][4]. - Wuxi Lichi Intelligent Equipment Co., Ltd. specializes in material automation processing, offering comprehensive solutions for material handling systems [10]. Group 2: Financial Performance - Wuhu Aiteke reported revenues of 346,655.84 million yuan and a net profit of 20,185.18 million yuan for 2024, showing significant growth from previous years [2][6]. - Wuxi Lichi's revenues reached 217,341.92 million yuan with a net profit of 27,310.72 million yuan for 2024, indicating a strong upward trend in financial performance [2][12]. Group 3: Shareholding Structure - Wuhu Aiteke is controlled by Wuhu Jiatai and Australia Aiteke, holding a combined 34.36% of the voting rights, with Chen Zejian as the actual controller [5]. - Wuxi Lichi is jointly controlled by Ningbo Zhilian and Lu Haodong, with Lu holding 85.27% of the shares, serving as the chairman and general manager [11]. Group 4: Listing Standards - Wuhu Aiteke meets the listing criteria set by the Shanghai Stock Exchange, requiring positive net profits over the last three years and a cumulative net profit of no less than 200 million yuan [8]. - Wuxi Lichi adheres to the listing standards of the Shenzhen Stock Exchange, necessitating positive net profits in the last two years and a cumulative net profit of at least 100 million yuan [14].