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 exchange [2][3]. Financial Performance - In 2022, the company reported a revenue of 1.044 billion yuan, a year-on-year increase of 50.40%, but the net profit decreased by 5.72% [6]. - 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% [6]. - 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 [6]. - 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% [6]. Regulatory Issues - The company received a notice from the China Securities Regulatory Commission (CSRC) regarding an investigation into alleged false financial reporting [3][4]. - The investigation follows previous warnings from regulatory bodies, indicating ongoing concerns about the company's financial practices [3]. Tax and Compliance Concerns - In 2023, a tax issue arose when a subsidiary acknowledged discrepancies in export tax refund documents, leading to a tax payment of approximately 44.42 million yuan [4]. - Independent directors expressed concerns about the legitimacy and compliance of the company's handling of this tax matter [4]. Research and Development Investment - R&D investment in 2023 was approximately 86.15 million yuan, a decrease of 7.14% from the previous year, while the proportion of R&D spending relative to revenue increased from 8.88% in 2022 to 13.03% in 2023 [7]. - Absolute R&D spending has declined from 92.78 million yuan in 2022 to 86.15 million yuan in 2023, and further to approximately 69.64 million yuan in 2024 [7].
上市不满3年 清越科技涉嫌财务数据虚假记载被立案