Core Viewpoint - The company, Luqiao Information, has been notified by the China Securities Regulatory Commission (CSRC) regarding an investigation into alleged violations related to the disclosure of financial information in periodic reports [2] Group 1 - On October 14, 2025, the company received a formal notice from the CSRC indicating that it is under investigation for suspected violations [2] - The investigation is focused on the company's financial information disclosure practices [2]

Core Viewpoint - The company, Luqiao Information, is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations in financial information disclosure, following a significant revision of its financial reports that revealed a drastic reduction in projected profits for 2024 by 84.91% [1][4]. Group 1: Regulatory Actions - The CSRC issued a notice of investigation due to suspected violations in the disclosure of financial information in periodic reports [1]. - Prior to the CSRC's investigation, the Xiamen Securities Regulatory Bureau had already mandated corrective measures due to significant internal control deficiencies related to financial reporting [3][4]. - The company has committed to developing a rectification plan and improving its internal control systems in response to regulatory requirements [4]. Group 2: Financial Reporting Issues - Luqiao Information corrected seven financial reports from the past two years, significantly adjusting its financial data, including a major reduction in net profit for 2024 [3][4]. - The adjustments were made using the retrospective adjustment method, affecting reports for 2023 and 2024, among others [3]. Group 3: Management Changes - The company experienced notable management turnover, with both the chairman and the general manager resigning within a month prior to the investigation [4][5]. - The chairman, Yu Zheng, resigned for personal reasons and held 1.42% of the company's shares, while the general manager, Wei Cong, also resigned but retained a position on the board [5].

登录新浪财经APP 搜索【信披】查看更多考评等级 出品：新浪上市公司研究院 文/夏虫工作室 核心观点：路桥信息业绩失真疑似出现重大会计差错调整。公司此次业绩失真是否构成重大财务造假？ 值得注意的是，在路桥信息此次暴雷前夕，其出现高管频繁离职、四季度收入显著异于同行及冲刺北交 所前夕疑似也出现重大差错调整等异常信号。 近日，路桥信息因业绩不实收监管罚单。 据公告显示，根据《上市公司现场检查规则》（证监会公告[2025]5号）的规定，厦门证监局路桥信息 进行了现场检查，发现该公司与财务报表相关的内部控制存在重大缺陷，2023年度、2024年度收入利润 核算不符合企业会计准则相关规定，导致2023年、2024年年度报告披露的有关财务信息不真实、不准 确。 业绩差错调整重大 公开信息显示，路桥信息成立于2001年7月26日，2023年8月16日正式登陆北交所。目前，路桥信息主营 业务为运用人工智能、物联网、大数据、云计算等新一代信息技术为交通领域提供信息化产品和解决方 案以及运维、运营等服务。其产品和服务覆盖轨道交通（含BRT）、智慧停车（静态交通）、公路与城 市交通等综合交通应用场景，具备"建设、管理、养护、运营、 ...

Core Viewpoint - Nine A-shares, including SMIC and Roadbridge Information, have had their financing and securities margin rates adjusted to zero due to their static price-to-earnings (P/E) ratios exceeding 300 or being negative, as part of a dynamic risk control measure by several securities firms [2][5][10]. Group 1: Adjustments and Impact - Multiple securities firms, including Dongfang Caifu Securities and Guorong Securities, confirmed the adjustment of financing and securities margin rates for nine stocks to zero, effective October 9 [2][3]. - Following the announcement, stocks such as SMIC and Roadbridge Information experienced significant declines, with SMIC's A-shares dropping by 0.87% and Roadbridge Information's shares falling by 17.24% [5][6]. - The adjustment means that these stocks temporarily lose their function as collateral for financing, significantly reducing investors' ability to leverage these stocks [5][6]. Group 2: Reasons for Adjustment - The adjustments are based on the rules of the Shanghai, Shenzhen, and Beijing Stock Exchanges, which state that stocks with a static P/E ratio above 300 or negative must have their financing margin rates set to zero [5][10]. - The highest static P/E ratio among the affected stocks was 947 for Roadbridge Information, while SMIC and Baiwei Storage had static P/E ratios of 303 and 301, respectively [7][8]. Group 3: Recovery Conditions - The financing margin rates can be restored if the static P/E ratios of the affected stocks fall below 300 in the future, as demonstrated by other stocks like Sifang Precision and Jikong Co., which had their rates restored after meeting this criterion [10].

Group 1 - The stock of Luqiao Information (920748) experienced a significant decline of 17.24% with a trading volume of 1.27 billion yuan and a price fluctuation of 30.82% on the day [1][2] - The stock was listed on the龙虎榜 due to its price fluctuation, with a net buying amount of 1.8172 million yuan from brokerage seats [2][3] - In the past six months, the stock has appeared on the龙虎榜 seven times, with an average price increase of 5.55% the day after being listed and an average increase of 35.20% over the following five days [3] Group 2 - The top buying brokerage was Guotai Junan Securities Co., Ltd. with a purchase amount of 7.9076 million yuan, while the top selling brokerage was Jianghai Securities Co., Ltd. with a selling amount of 3.8130 million yuan [3] - The total transaction amount of the top five buying and selling brokerages was 38.1543 million yuan, with buying transactions amounting to 19.9858 million yuan and selling transactions amounting to 18.1686 million yuan [2][3]

Core Viewpoint - The company, Luqiao Information, has reported significant financial discrepancies leading to a drastic reduction in its net profit for the fiscal years 2023 and 2024, raising concerns about its internal controls and potential regulatory actions [4][6][9]. Financial Performance - For the fiscal year 2023, the adjusted net profit decreased from 22.56 million to 9.546 million, a decline of 57.68%, while the non-recurring net profit fell from 17.706 million to 4.695 million, a drop of 73.48% [9]. - In 2024, the adjusted net profit plummeted by 83.69%, from 22.812 million to 3.722 million, and the non-recurring net profit saw a staggering decline of 97.82%, from 19.516 million to 0.425 million [10]. - The company reported a significant loss of 24.721 million in the first half of 2025, which is over a 300% increase in losses compared to the previous year [10]. Regulatory Actions - The Xiamen Securities Regulatory Bureau has mandated Luqiao Information to submit a written rectification plan within 30 days and to complete the rectification within 60 days due to major internal control deficiencies related to financial reporting [7][6]. - The company faces potential delisting risks if it fails to rectify the identified issues within the stipulated timeframe [7]. Management Changes - The chairman and general manager of Luqiao Information both resigned due to personal reasons, raising concerns about management stability amid financial turmoil [10][8]. Stock Performance - Despite the financial challenges and management changes, Luqiao Information's stock price has increased by approximately 152% year-to-date, ranking 13th among companies listed on the Beijing Stock Exchange [12].

9月30日，北交所个股合计成交量6.79亿股，成交额161.42亿元，成交额相对上一交易日减少7.93亿元， 个股来看，收盘上涨的共108只。 证券时报·数据宝统计显示，今日可交易北交所个股中，收盘股价上涨的有108只，占可交易个股的 39.13%，收盘涨幅居前的有*ST云创、同力股份、七丰精工，分别上涨13.11%、5.79%、4.85%。收盘股 价下跌的有162只，跌幅居前的有锦华新材、路桥信息、五新隧装等，分别下跌12.23%、6.55%、 5.91%。 成交方面，全天成交额超亿元的股票共有40只，成交额居前的北交所股票有锦华新材、贝特瑞、五新隧 装等，成交额分别为7.65亿元、4.69亿元、4.05亿元。 股票活跃度来看，今日可交易的北交所个股中，换手率超10%的有10只，其中，1股换手率超20%，换 手率在5%~10%之间的有28只，换手率在1%~5%之间的有220只。全天换手率居前的股票有锦华新材、 灵鸽科技、天宏锂电等，换手率分别为49.77%、17.52%、16.39%。（数据宝） 北交所个股今日成交明细 | 代码 | 简称 | 收盘价（元） | 涨跌幅（%） | 换手率（%） | 成交额（万 ...

每经记者｜赵李南 每经编辑｜段炼 文多 路桥信息（BJ837748）近日上演了一场财报"变脸"。 9月29日，路桥信息发布公告称，厦门证监局现场检查发现其与财务报表相关的内部控制存在重大缺陷。 同日，路桥信息发布公告进行会计差错更正。其中，2024年的调整后净利润降幅高达84.91%。 9月30日，路桥信息股价大跌，截至中午收盘已跌超5%。值得注意的是，该公司股价年内经历大起大落，曾在5月末一周暴涨超90%，至6月下旬一度涨至 96.88元，较年初的19.42元涨幅近400%。随后震荡下滑至50元上下。即便如此，该公司年内股价涨幅仍超过130%。 | रेने | 48.38 | | 最高 | 49.10 | | 成交量 | 1.13万手 | | --- | --- | --- | --- | --- | --- | --- | --- | | 昨收 | 49.15 | | 最低 | 46.50 | | 成交额 | 5338万 | | 换手率 | 1.80% | | 市盈(TTM) | | | 总市值 | 35.68亿 | | 4481 | 开日 | 日K | 国K | 日K | 家 | 年K | 面名v | ...

登录新浪财经APP 搜索【信披】查看更多考评等级 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 9月30日，路桥信息股价大跌，截至中午收盘已跌超5%。值得注意的是，该公司股价年内经历大起大 落，曾在5月末一周暴涨超90%，至6月下旬一度涨至96.88元，较年初的19.42元涨幅近400%。随后震荡 下滑至50元上下。即便如此，该公司年内股价涨幅仍超过130%。 厦门证监局： 公司内控存在重大缺陷 突然"爆雷"！A股公司财报"变脸"：去年净利调减超80%，证监局现场检查，发现公司内控存重大缺 陷！年内股价已涨超130% 路桥信息（BJ837748）近日上演了一场财报"变脸"。 9月29日，路桥信息发布公告称，厦门证监局现场检查发现其与财务报表相关的内部控制存在重大缺 陷。 同日，路桥信息发布公告进行会计差错更正。其中，2024年的调整后净利润降幅高达84.91%。 成整改"，则可能被北京证券交易所实施股票退市风险警示。 路桥信息也表示，公司董事会高度重视厦门证监局指出的问题，进行了全面自查自纠，截至公告披露 日，"已完成自查并作出前期会计差错更正"。 路桥信息还表示："公司将按照监管 ...

Core Viewpoint - Road and Bridge Information has faced significant financial reporting issues, leading to a drastic reduction in its projected net profit for 2024 by 84.91% due to major internal control deficiencies identified by the Xiamen Securities Regulatory Bureau [1][2][3]. Financial Adjustments - The company announced a correction of accounting errors, adjusting its 2024 revenue from 240 million yuan to 215 million yuan, a decrease of 25.76 million yuan, or 10.71% [3]. - The net profit for 2024 was revised from 22.48 million yuan to 3.39 million yuan, a reduction of 19.09 million yuan, equating to a decline of 84.91% [3]. - The adjusted net profit after deducting non-recurring items fell from 19.52 million yuan to 425,400 yuan, a staggering drop of 97.82% [3]. Previous Year Adjustments - For 2023, the company's revenue was adjusted from 238 million yuan to 222 million yuan, a decrease of 15.84 million yuan [4]. - The net profit for 2023 was revised from 21.58 million yuan to 8.57 million yuan, reflecting a decline of 60.29% [4]. Regulatory Actions - The Xiamen Securities Regulatory Bureau mandated the company to rectify its financial reporting practices due to violations of the Securities Law of the People's Republic of China and related disclosure regulations [2]. - The company is required to engage a qualified accounting firm to provide a special verification report on the corrections made [4].