Core Viewpoint - Road and Bridge Information has faced significant financial reporting issues, leading to a drastic reduction in its projected net profit for 2024 by 84.91% due to major internal control deficiencies identified by the Xiamen Securities Regulatory Bureau [1][2][3]. Financial Adjustments - The company announced a correction of accounting errors, adjusting its 2024 revenue from 240 million yuan to 215 million yuan, a decrease of 25.76 million yuan, or 10.71% [3]. - The net profit for 2024 was revised from 22.48 million yuan to 3.39 million yuan, a reduction of 19.09 million yuan, equating to a decline of 84.91% [3]. - The adjusted net profit after deducting non-recurring items fell from 19.52 million yuan to 425,400 yuan, a staggering drop of 97.82% [3]. Previous Year Adjustments - For 2023, the company's revenue was adjusted from 238 million yuan to 222 million yuan, a decrease of 15.84 million yuan [4]. - The net profit for 2023 was revised from 21.58 million yuan to 8.57 million yuan, reflecting a decline of 60.29% [4]. Regulatory Actions - The Xiamen Securities Regulatory Bureau mandated the company to rectify its financial reporting practices due to violations of the Securities Law of the People's Republic of China and related disclosure regulations [2]. - The company is required to engage a qualified accounting firm to provide a special verification report on the corrections made [4].
路桥信息财报“变脸”：2024年净利润调减超80% 监管机构指其内控存重大缺陷