Core Viewpoint - Hengxin Oriental has been investigated by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, with the company stating that its operations remain normal during the investigation [1]. Financial Adjustments - The company has corrected accounting errors from its 2022 annual report, reducing its reported revenue by 182 million yuan, resulting in a revised revenue of 308 million yuan, while net profit remained unchanged [2]. - Similar errors were found in the 2023 Q3 financial statements, leading to a reduction of 34.51 million yuan in both revenue and cost [2]. Regulatory Actions - Hengxin Oriental has faced previous penalties for inaccurate information disclosure, including issues with impairment assessments and discrepancies in financial reporting, resulting in administrative measures from the Beijing Securities Regulatory Bureau [3]. - The company, along with its chairman and CFO, received a warning letter for these discrepancies, which have been recorded in the securities market integrity archives [3]. Business Overview - Hengxin Oriental operates in the digital cultural creativity sector, focusing on internet video applications, digital creative products, and computing system integration services [3]. - The company has struggled financially, with revenues fluctuating between 300 million and 500 million yuan since 2020 and reporting losses for five consecutive years. In 2024, it reported revenues of 375 million yuan, a year-on-year decline of 6.79%, and a net loss of 346 million yuan [3].
恒信东方,被证监会立案!