Rebecca(SH:600439) Mei Ri Jing Ji Xin Wen·2025-07-25 13:11Core Viewpoint - The company "Rebecca" is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure regulations, following previous administrative sanctions from the Henan Securities Regulatory Bureau [1][2][3]. Group 1: Regulatory Issues - Rebecca received a notice from the CSRC regarding the investigation due to suspected violations of information disclosure laws [1]. - The Henan Securities Regulatory Bureau had previously issued a decision highlighting five major issues, including failure to disclose non-operating fund transactions with related parties and inadequate provisions for inventory depreciation [2][3]. - The company and its major executives, including the chairman and CFO, received warnings and were recorded in the securities market's integrity archives [3]. Group 2: Financial Performance - Rebecca reported a significant decline in financial performance, with revenue growth rates of -19.65% in 2022, -2.57% in 2023, and a slight increase of 1.1% in 2024 [6][7]. - The company experienced a net loss of 1.18 billion yuan in 2024, marking its first loss since it began publicly reporting financial data in 2000 [6][8]. - The loss was primarily attributed to increased marketing expenses, which rose by 62% in the fourth quarter of the previous year, impacting the overall profitability [8].