Core Viewpoint - Tianye Co., Ltd. has faced disciplinary action from the Beijing Stock Exchange due to significant discrepancies in its financial disclosures, which have raised concerns about its internal controls and compliance with regulations [1][5][6]. Financial Discrepancies - The company revised its net profit from 28.59 million yuan to 9.65 million yuan, a substantial correction that was not timely disclosed [3][4]. - The total profit was adjusted from 34.08 million yuan to 14.21 million yuan, indicating a lack of transparency in financial reporting [4][5]. Regulatory Violations - Tianye Co., Ltd. failed to issue a performance forecast, violating the Beijing Stock Exchange's rules that require separate disclosure of corrections when financial data discrepancies exceed 20% [5]. - The company and its executives, including Chairman Yao Jiuzhi and CFO Zhang Xiongbin, received a public reprimand and were recorded in the integrity archives of the securities market [5]. Internal Control Issues - The company has a history of internal control deficiencies, with a recent audit report expressing an inability to provide an opinion on its internal controls [6]. - In response to these issues, the company has announced plans to enhance its internal controls and has expressed a commitment to improving its governance practices [9]. Management and Governance - The company's General Manager, Dan Shan, is under investigation for alleged insider trading, which further complicates the company's governance challenges [7]. - Tianye Co., Ltd. has acknowledged the need for improvement in its internal control systems and is taking steps to address these deficiencies by hiring additional talent and engaging external consultants [9].
内控问题频发，蜜雪冰城、奈雪的茶供应商田野股份信披违规被处分