Core Viewpoint - Qingyue Technology is facing regulatory scrutiny due to allegations of false financial reporting, which could lead to significant penalties including potential delisting from the stock market [1][2]. Financial Performance - In 2022, Qingyue Technology reported a revenue of 1.044 billion yuan, a year-on-year increase of 50.40%, but the net profit decreased by 5.72% [4]. - The company's performance deteriorated in 2023, with revenue dropping by 36.69% to 661 million yuan and a net loss of 118 million yuan, a decline of 311.02% [4]. - In 2024, there was a slight recovery with revenue of 753 million yuan, a year-on-year increase of 13.96%, but the net loss narrowed to approximately 69.49 million yuan [5]. - The latest report for the first three quarters of 2025 shows a revenue of 476 million yuan, a decrease of 13.64%, and a net loss of approximately 43.35 million yuan, with Q3 revenue down 41.40% year-on-year [5]. Regulatory Issues - The company received a notice from the China Securities Regulatory Commission (CSRC) regarding an investigation into alleged false financial data in periodic reports [2]. - The investigation follows previous warnings from the Jiangsu Securities Regulatory Bureau and the Shanghai Stock Exchange regarding the company's financial practices [2]. - Independent directors have expressed concerns about the legitimacy of the company's tax matters, which involved a tax payment of approximately 44.42 million yuan due to discrepancies in export tax refund documents [3]. Research and Development - In 2023, Qingyue Technology's R&D expenditure was approximately 86.15 million yuan, a decrease of 7.14% from the previous year, with R&D expenses as a percentage of revenue increasing from 8.88% in 2022 to 13.03% in 2023 [5]. - The absolute amount of R&D investment has been declining, from 92.78 million yuan in 2022 to 86.15 million yuan in 2023, and further down to approximately 69.64 million yuan in 2024 [5].
上市不满3年，清越科技涉嫌财务数据虚假记载被立案