航发控制连收警示函、监管函！

Core Viewpoint - The company,航发控制, received a warning letter from the Jiangsu Securities Regulatory Bureau due to violations related to cash management and related party transactions [1][5]. Group 1: Violations in Fund Management - The company exceeded the approved amount for cash management using idle raised funds, with a total of up to RMB 21 billion approved for cash management, but exceeded this limit between November 18, 2022, and January 11, 2023 [3]. - The company failed to timely perform review procedures and disclose information regarding the excess amount used for purchasing 7-day notice deposits [3]. - A subsequent approval for cash management of up to RMB 18 billion was granted on October 25, 2023, but the company did not timely review and disclose cash management activities between October 25, 2024, and December 3, 2024 [3][4]. Group 2: Related Party Transaction Issues - The company continued to engage in related party transactions with China Aviation Engine Group Finance Co., Ltd. without timely review and disclosure after the expiration of a financial service agreement on November 15, 2024 [5]. - The company did not properly manage the transition of review procedures for the related party transactions, violating multiple provisions of the information disclosure regulations [5]. Group 3: Administrative Measures and Company Response - The Jiangsu Securities Regulatory Bureau decided to issue a warning letter to the company and its financial director, 闫聪敏, for the violations, which will be recorded in the securities and futures market integrity archive [5]. - The company expressed that it takes the issues raised in the warning letter seriously and will reflect and learn from the lessons [5]. Group 4: Company Performance - In the first three quarters of 2025, the company reported revenue of RMB 3.968 billion, a decrease of 5.75% year-on-year, and a net profit attributable to shareholders of RMB 401 million, down 36.25% year-on-year [7]. - As of the close on December 12, the company's stock price increased by 1.25% to RMB 19.51 per share, with a total market capitalization of RMB 25.66 billion [7].