TWH(SZ:002512) Mei Ri Jing Ji Xin Wen·2025-07-28 15:16Core Viewpoint - Dahua Intelligent has been investigated by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, following previous regulatory actions for failing to disclose significant contracts and inflating profits [1][2]. Group 1: Regulatory Actions - Dahua Intelligent received a notice of investigation from the CSRC due to alleged information disclosure violations [1]. - The company was previously ordered to rectify issues by the Fujian Securities Regulatory Bureau, including failing to disclose nearly 800 million yuan in contracts and inflating profits [2]. - The company has committed to cooperating with the CSRC during the investigation and adhering to relevant laws and regulations [2]. Group 2: Financial Discrepancies - Dahua Intelligent reported significant financial discrepancies, including the premature recognition of disposal gains from subsidiaries, which inflated profits by approximately 61.12 million yuan [3]. - The company has acknowledged accounting errors in 12 financial reports, leading to adjustments in its financial statements from 2021 to the third quarter of 2024 [4]. - The adjustments included a reduction of about 360 million yuan in cash and a decrease of approximately 13.42 million yuan in net profit for the 2021 fiscal year [4]. Group 3: Operational Adjustments - In response to the regulatory findings, Dahua Intelligent has expressed regret and plans to enhance internal management systems and risk prevention measures [4]. - The company will improve its understanding of related party transactions among its board members and management to ensure compliance with disclosure requirements [4]. - Dahua Intelligent has established internal control processes for equity transfers and clarified departmental responsibilities to prevent future discrepancies [4].