Koal(SH:603232) Zheng Quan Zhi Xing·2025-08-07 11:10Core Viewpoint - The company, Geer Software Co., Ltd., has disclosed its regulatory history over the past five years, indicating no penalties from securities regulators or exchanges, but it has faced warning letters due to issues related to financial disclosures and compliance with regulations [1][8]. Summary by Sections Recent Penalties - Over the last five years, the company has not been penalized by securities regulators or exchanges [1]. Regulatory Measures and Rectification - On May 18, 2023, the Shanghai Securities Regulatory Bureau issued warning letters to the company and several individuals for violations related to inaccurate financial data disclosures from 2018 to 2021, including inflated net profits and revenues [2][5]. - The inflated net profits for the years 2018 to 2020 were reported as 2.7478 million, 2.5067 million, and 0.7738 million yuan, representing 3.83%, 3.58%, and 1.36% of the disclosed amounts respectively. In 2021, the company reported a reduced net profit of 1.9037 million yuan, accounting for 2.39% of the disclosed amount [2][5]. - The company was also found to have inflated its 2018 revenue by 11.1981 million yuan (3.63%) and 2020 revenue by 2.1698 million yuan (0.49%) [2][5]. - Following these findings, the company received a regulatory attention notice from the Shanghai Stock Exchange on July 27, 2023, emphasizing the need for compliance and rectification [4][6]. Compliance and Governance Improvements - The company has acknowledged the issues raised in the warning letters and is committed to enhancing the governance and compliance training for its board members and senior management to prevent future occurrences [4][8]. - The company has also taken steps to ensure that all significant information is disclosed in accordance with legal and regulatory requirements [8].