MENDALE(SZ:002397) Sou Hu Cai Jing·2025-10-21 01:35Core Viewpoint - The company, Dream Jie Co., Ltd. (002397), has received an administrative regulatory decision from the Hunan Securities Regulatory Bureau due to two violations, leading to corrective measures and warnings issued to key executives [1] Group 1: Regulatory Issues - The company was found to have issues with revenue and cost recognition for direct sales from 2022 to 2024, including improper timing of sales rebates and employee compensation [1] - A subsidiary, Fujian Dafang Sleep Technology Co., Ltd., provided financial assistance to an individual, resulting in a loan balance of 63.3763 million yuan as of September 30, 2025, indicating inadequate financial management and internal controls [1] - The Hunan Securities Regulatory Bureau has mandated the company to complete rectification within three months and submit a written report [1] Group 2: Management Response - The company's executives, including Chairman Jiang Tianwu, General Manager Tu Yunhua, and CFO Li Yunlong, have received warning letters and these will be recorded in the securities market integrity archives [1] - The company has expressed a strong commitment to addressing the issues and enhancing compliance with laws and regulations [1] Group 3: Financial Performance - In the first half of 2025, the company reported total operating revenue of 734 million yuan, reflecting a year-on-year decline of 14.83% [1]