Core Viewpoint - Kexin Information (300730) has received a "pre-penalty notice" from the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, following an investigation that began less than two months ago [1][2] Group 1: Regulatory Actions - On November 17, Kexin Information received a notice from the CSRC regarding the initiation of an investigation due to alleged violations of information disclosure laws [1] - The company and related responsible persons received an administrative penalty notice on December 23 from the Hunan Regulatory Bureau of the CSRC [1] Group 2: Financial Misstatements - Kexin Information engaged in server and application software sales with Dayou Digital Technology (Beijing) Co., Ltd. in April 2023, without having control over the goods, leading to the improper recognition of revenue using the total amount method [1] - This misrepresentation resulted in an inflated operating income of 46,320,193.97 yuan, accounting for 33.57% of the reported operating income for the period [1] - The inflated operating costs amounted to 32,601,645.30 yuan, also representing 33.57% of the reported operating costs, and the inflated profit was 12,792,144.79 yuan, which constituted 71.94% of the total reported profit for the period [1] Group 3: Penalties and Legal Implications - The Hunan Regulatory Bureau plans to issue a warning and impose a fine of 1.5 million yuan on Kexin Information, along with varying fines for the responsible individuals [2] - Investors who purchased Kexin Information stock between August 19, 2023, and November 17, 2025, and subsequently sold or held the stock after November 18, 2025, may have grounds to file compensation lawsuits for investment losses [2]
被立案到领预罚单仅36天,科创信息被查出虚增营收超四千万元