科达制造及多名高管因信息披露不实及违规资金往来遭上交所通报批评及监管警示

Core Points - Keda Manufacturing Co., Ltd. has been criticized by the Shanghai Stock Exchange for multiple instances of false information disclosure and illegal fund operations, revealing significant deficiencies in its internal control systems [1][2] - The violations include off-the-books fund transactions, improper salary payments to executives without board approval, and undisclosed related-party transactions [1][2] Summary by Categories - Off-the-Books Transactions - The company engaged in off-the-books fund transactions through employees' personal bank accounts, leading to inaccurate financial reporting. This behavior affected the accuracy of total profit for multiple reporting periods, particularly impacting the profit total by 1.09% in 2024 [1][2] - Improper Executive Compensation - Keda Manufacturing improperly paid salaries to certain directors and senior executives without board committee review or shareholder approval. These payments were made through off-the-books accounts and were not disclosed as required. The company has since returned the total amount of these improper payments and interest by September 2025 [1][2] - Related-Party Transactions - The former chairman, Bian Cheng, occupied company funds under the guise of prepayments from specific suppliers between September 2017 and September 2018, with amounts representing 0.71% and 1.20% of the company's net assets at year-end for 2017 and 2018, respectively. These transactions were not disclosed [2] - Financial Assistance Violations - From August 2021 to June 2024, Bian Cheng and former general manager Zhang Zhonghua borrowed a total of 8.355 million yuan and 7.2 million yuan from off-the-books accounts, which have since been repaid. The company provided financial assistance to related parties without proper disclosure [2]