Core Viewpoint - Qingyue Technology received a warning letter from the Jiangsu Securities Regulatory Bureau due to multiple regulatory violations related to fundraising and financial reporting practices [1][2][3] Group 1: Regulatory Violations - The company misused raised funds by transferring them to a general settlement account to purchase bank wealth management products in 2023 [2] - The financial accounting for the CTP+OLED product trading business was not compliant, as the company reported revenue using the gross method instead of the net method, leading to a correction of 13.67 million yuan in the third quarter report of 2023 [2][3] - An undisclosed related party transaction occurred with Zaozhuang Hongyuan Construction Engineering Company, controlled by a close relative of the company's actual controller, involving a payment of 3.63 million yuan for engineering contracts [2][3] Group 2: Consequences and Company Background - The violations led to a warning letter being issued to Qingyue Technology, its chairman Gao Yudi, and secretary Zhang Xiaobo, which will be recorded in the securities market integrity archive [3] - Qingyue Technology went public on the Shanghai Stock Exchange's Sci-Tech Innovation Board on December 28, 2022, raising a total of 824.4 million yuan, with a net amount of 734.95 million yuan after expenses [3][4] - The company has reported losses for two consecutive years, with net profits of -118 million yuan, -69.49 million yuan, and -15.99 million yuan for the first quarters of 2023, 2024, and 2025, respectively [4]
连亏股清越科技信披违规等收警示函 2022上市超募3亿