股价迎考！清越科技遭证监会立案 涉嫌财务数据虚假记载

Core Viewpoint - Qingyue Technology (688496) faces regulatory scrutiny from the China Securities Regulatory Commission (CSRC) due to financial reporting issues, leading to a significant drop in stock price on November 3, 2023 [2][3] Financial Performance - Qingyue Technology's financial performance has been declining since its IPO in 2022, with net profit turning negative in the following year and continuing losses into 2025 [2][9] - Revenue figures for 2022 to 2024 are approximately 1.044 billion, 661 million, and 753 million respectively, with corresponding net profits of approximately 55.89 million, -118 million, and -69.49 million [9] - For the first three quarters of 2025, the company reported revenue of about 476 million, a year-on-year decrease of 13.64%, and a net loss of approximately -43.35 million, indicating a reduction in losses but still not achieving profitability [9] Regulatory Issues - On November 1, 2023, Qingyue Technology received a "Notice of Case Filing" from the CSRC for suspected false reporting of financial data, which could lead to mandatory delisting if deemed a serious violation [3] - The company had previously received a warning letter from the Jiangsu Securities Regulatory Bureau for three main issues: improper use of raised funds, non-compliance in financial accounting for new product lines, and undisclosed related party transactions [4] Legal Matters - In March 2024, Qingyue Technology was involved in a contract fraud case linked to its subsidiary, which raised concerns about its operational integrity [5][6] - The company clarified its non-involvement in the decision-making process related to the fraud case, asserting that it had no direct business dealings with the parties involved [7] Market Reaction - Following the announcement of the regulatory investigation, there is a potential for significant stock price volatility as investors may react negatively, leading to concentrated sell-offs [3]