SHBT(SH:603009) Zheng Quan Zhi Xing·2025-06-26 16:31Core Viewpoint - The announcement details the regulatory measures and penalties imposed on Beite Technology over the past five years, highlighting the company's commitment to improving governance and compliance following these incidents [1][2][3]. Regulatory Penalties - In December 2021, Beite Technology received an administrative penalty from the China Securities Regulatory Commission (CSRC) for overstating profits by 12.77 million yuan in its 2018 annual report, which constituted 23.63% of the reported profit [1][2]. - The company was fined 300,000 yuan and received a warning for violating the Securities Law [2]. Rectification Measures - Following the penalties, the company undertook significant rectification measures, including training for board members and management on legal regulations and internal controls, enhancing financial accounting practices, and improving the quality of information disclosure [2][3]. Previous Regulatory Actions - In 2020, Beite Technology was criticized for failing to issue a timely performance forecast after reporting a net loss for 2019, which led to a public reprimand from the Shanghai Stock Exchange [3][4]. - In May 2021, the company received a regulatory warning due to accounting errors related to its subsidiary, which affected the accuracy of financial reports from 2018 to 2020 [4][5]. Additional Violations - In August 2021, the company faced further scrutiny for improper fund transfers to related parties, amounting to 238 million yuan, which violated regulations regarding related party transactions [5][6]. - A verbal warning was issued in November 2024 for discrepancies in a share repurchase announcement, indicating ongoing compliance challenges [7][8].