Core Viewpoint - The company, Luqiao Information, is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations in financial information disclosure, following a significant revision of its financial reports that revealed a drastic reduction in projected profits for 2024 by 84.91% [1][4]. Group 1: Regulatory Actions - The CSRC issued a notice of investigation due to suspected violations in the disclosure of financial information in periodic reports [1]. - Prior to the CSRC's investigation, the Xiamen Securities Regulatory Bureau had already mandated corrective measures due to significant internal control deficiencies related to financial reporting [3][4]. - The company has committed to developing a rectification plan and improving its internal control systems in response to regulatory requirements [4]. Group 2: Financial Reporting Issues - Luqiao Information corrected seven financial reports from the past two years, significantly adjusting its financial data, including a major reduction in net profit for 2024 [3][4]. - The adjustments were made using the retrospective adjustment method, affecting reports for 2023 and 2024, among others [3]. Group 3: Management Changes - The company experienced notable management turnover, with both the chairman and the general manager resigning within a month prior to the investigation [4][5]. - The chairman, Yu Zheng, resigned for personal reasons and held 1.42% of the company's shares, while the general manager, Wei Cong, also resigned but retained a position on the board [5].
路桥信息遭证监会立案 此前公司董事长、总经理双双辞职