MPCSH(SZ:000637) Zheng Quan Zhi Xing·2025-08-31 08:12Summary of Key Points Core Viewpoint - The company, Maoming Petrochemical Shihua Co., Ltd., has disclosed its regulatory history over the past five years, indicating no administrative penalties but noting several regulatory measures taken by the China Securities Regulatory Commission (CSRC) and the Shenzhen Stock Exchange. Group 1: Regulatory Penalties - Over the last five years, the company has not faced any administrative penalties from securities regulatory authorities or exchanges [1]. Group 2: Regulatory Measures - In July 2023, the company received a warning letter from the CSRC Guangdong Supervision Bureau due to significant discrepancies between its 2022 annual profit forecast and the audited net profit, which violated the Information Disclosure Management Measures [1]. - In February 2024, the company, along with several key executives, received another warning letter from the CSRC for failing to account for a transaction with Jinghui Petrochemical, resulting in an understatement of revenue by 48.07 million yuan and net profit by 1.7125 million yuan, violating the Securities Law and Information Disclosure Management Measures [2]. - In February 2024, the company also received a regulatory letter from the Shenzhen Stock Exchange for failing to timely record a sale of polypropylene worth 54.3168 million yuan to Jinghui Petrochemical, which was not disclosed in the 2022 semi-annual report, violating the Stock Listing Rules [3][4]. - The company has taken these regulatory measures seriously and is enhancing its internal controls and compliance with relevant laws and regulations to ensure accurate and timely information disclosure [4].