龙溪股份，被责令改正！

Core Viewpoint - Longxi Co., Ltd. has been ordered to rectify its financial reporting practices by the Fujian Securities Regulatory Bureau due to improper revenue recognition in its steel trading business, leading to inaccurate disclosures in its annual reports [1] Financial Performance - In the first three quarters of this year, the company reported revenue of 1.067 billion CNY, a decrease of 22.23% year-on-year; net profit was 117 million CNY, down 29.38% year-on-year; and the non-recurring net profit was 83.74 million CNY, a reduction of 17.05% [2] - In the third quarter alone, revenue fell by 29.54% and net profit dropped by 48.45% compared to the same period last year [2] - The decline in revenue is attributed to the company's focus on key technologies and market expansion while significantly reducing its production trade scale [2] - The nearly halved net profit is primarily due to a substantial decrease in fair value gains from stocks held in listed companies, such as Industrial Securities, impacting the total profit [2] Market Performance - As of December 19, the company's stock price increased by 3.02%, closing at 24.58 CNY per share, with a total market capitalization of 9.821 billion CNY [3] - The stock's trading volume was 322,100 hands, with a turnover of 797 million CNY [4]