Core Viewpoint - Huaming Intelligent has been notified by the Shanghai Securities Regulatory Bureau regarding administrative penalties due to suspected inflation of sales and R&D expenses, which has led to false financial reporting for the years 2020 and 2021 [2][3] Group 1: Company Actions and Financial Impact - In 2019, Huaming Intelligent acquired 100% of Beijing Juli Technology Co., Ltd. through share issuance and convertible bonds, with Juli Technology included in the consolidated financial statements from October 2019 [2] - Juli Technology improperly classified certain expenses related to third-party intermediary and agency services as R&D expenses instead of sales expenses, leading to inaccurate financial reporting [2] - The misclassification resulted in an inflated total profit of 25.3154 million yuan for 2020, accounting for 18.76% of the reported profit, and a reduced total profit of 35.7037 million yuan for 2021, accounting for 16.9% of the reported profit [3] Group 2: Regulatory Response - The Shanghai Regulatory Bureau has determined that Huaming Intelligent's actions violate the Securities Law of the People's Republic of China, proposing penalties including a warning and a fine of 1.5 million yuan for the company [3] - Specific penalties include a warning and a fine of 700,000 yuan for the then Chairman and General Manager Zhang Liang, and similar fines for other executives involved [3]
因涉嫌虚增研发费用等，华铭智能收行政处罚通知书