Xin Lang Cai Jing·2025-12-08 11:22Core Viewpoint - The Anhui Securities Regulatory Commission issued a warning letter to Guoyuan Securities Co., Ltd. and its personnel due to inadequate professional diligence in financial advisory services related to the acquisition of Hefei Zhongke Junda Vision Technology Co., Ltd. [1][2] Group 1: Regulatory Actions - Guoyuan Securities, along with project leaders Yang Shaojie and Liu Minhao, received a warning letter for failing to properly verify revenue recognition issues of Zhongke Junda, leading to inaccuracies in the independent financial advisory report [1][2] - The Anhui Securities Regulatory Commission emphasized the need for the company and its personnel to enhance their understanding of relevant laws and regulations and to strengthen compliance awareness [2] Group 2: Financial Penalties - On November 14, the Anhui Securities Regulatory Commission imposed fines of 6 million yuan on Fuhuang Steel Structure and 7 million yuan on Zhongke Junda for violations related to information disclosure, including inflated revenue and profits [4][14] - Zhongke Junda's 2024 financials were found to have inflated revenue by 25.19 million yuan and profit by 8.98 million yuan, which constituted 11.36% and 62.82% of its total revenue and profit, respectively [4][14] Group 3: Disclosure Issues - Significant omissions were noted in the disclosure of related party transactions, as Zhongke Junda failed to report transaction amounts with six distributors for 2023 and 2024 [5][15] - The report inaccurately disclosed the shareholding of Zhongke Junda's general manager, failing to mention that a substantial portion of the shares was held on behalf of other personnel [5][15] Group 4: Company Background - Guoyuan Securities was established in October 2001 and successfully listed on the Shenzhen Stock Exchange in October 2007 through a reverse merger [5][15]