Beingmate(SZ:002570) Chang Jiang Shang Bao·2025-04-17 23:51Core Viewpoint - Beiyinmei has received a warning letter from the China Securities Regulatory Commission (CSRC) due to non-compliance in revenue recognition, fund occupation by controlling shareholders, and delayed information disclosure [2][3]. Group 1: Revenue Recognition Issues - Beiyinmei's revenue recognition does not comply with accounting standards, leading to inaccurate financial reporting [3]. - The company has been cited for failing to timely review and disclose financial assistance to Guangxi Quanan Sheng Enterprise Management Co., Ltd. [3]. Group 2: Fund Occupation by Controlling Shareholders - Beiyinmei Group, the controlling shareholder, occupied company funds amounting to 30.92 million yuan in 2021 and 16.94 million yuan in 2022, totaling 47.85 million yuan, which were returned within the same year [2][3]. - The controlling shareholder's shareholding is under pressure, with 98.85% of its shares being pledged or frozen [8][10]. Group 3: Legal and Financial Risks - Beiyinmei Group is facing potential forced selling of shares due to a court's execution notice related to a debt of 198 million yuan and associated interest [9][10]. - The company is actively coordinating with creditors to resolve debt issues and maintain the controlling shareholder's position [10]. Group 4: Historical Context and Compliance - Beiyinmei has received a C-level rating for information disclosure in the past three years, indicating compliance issues [5]. - The chairman, Xie Hong, has previously received warnings for inaccurate disclosures, including a significant discrepancy in profit forecasts for 2020 [6][7].