Creator Information(SZ:300730) Xin Lang Cai Jing·2025-12-29 03:28Core Viewpoint - Hunan Kexin Information Technology Co., Ltd. (Kexin Information) is facing administrative penalties from the China Securities Regulatory Commission (CSRC) for accounting irregularities that led to inflated financial statements [2][6]. Group 1: Allegations and Financial Impact - In April 2023, Kexin Information engaged in server and application software sales with Dayou Digital Technology, despite lacking control over the goods, and improperly recognized revenue using the total amount method, violating accounting standards [2][6]. - The company's actions resulted in a reported inflated revenue of 46,320,193.97 yuan, which accounted for 33.57% of the disclosed revenue for the period [2][6]. - Additionally, inflated costs amounted to 32,601,645.30 yuan, also representing 33.57% of the disclosed costs, and inflated profits reached 12,792,144.79 yuan, making up 71.94% of the total reported profit [2][6]. Group 2: Legal and Compensation Actions - Following the allegations, Kexin Information issued a correction announcement on April 27, 2024, to amend its previous financial data [2][6]. - Affected investors are encouraged to register for compensation claims through legal representation, with specific conditions for eligibility based on their trading activities between August 19, 2023, and April 26, 2024 [3][7]. - The compensation claims will cover investment differences, commissions, and stamp duties, and investors must provide necessary documentation for their claims [4][8].