Core Viewpoint - New Yao Textile (002087) is facing administrative penalties from the China Securities Regulatory Commission (CSRC) due to false statements, leading to ongoing investor compensation claims [1][9]. Financial Misconduct - New Yao Textile inflated and deflated operating income, resulting in false records in annual reports from 2016 to 2022 [1][9]. - Specific methods of income inflation included: - False trades to inflate operating income [1][10]. - Repeatedly recognizing income to inflate operating income [2][10]. - Transactions between parent and subsidiary companies to inflate or deflate operating income [3][11]. - The company also inflated and deflated operating costs, leading to false records in annual reports from 2016 to 2022 [4][12]. - New Yao Textile inflated inventory, resulting in false records in annual reports from 2016 to 2022 [5][13]. - The company inflated research and development expenses, leading to false records in annual reports from 2016 to 2022 [6][14]. Financial Impact - In 2016, New Yao Textile inflated operating income by approximately 327.57 million yuan, reduced operating costs by about 176.57 million yuan, and inflated total profit by approximately 358.45 million yuan, which accounted for 159.81% of the disclosed profit [7][15]. - In 2017, the inflated operating income was approximately 415.19 million yuan, with a profit inflation of about 367.34 million yuan, accounting for 115.62% of the disclosed profit [7][15]. - In 2018, the inflated operating income was approximately 791.26 million yuan, with a profit inflation of about 284.35 million yuan, accounting for 65.78% of the disclosed profit [7][15]. - In 2019, the inflated operating income was approximately 1.21 billion yuan, with a profit inflation of about 582.74 million yuan, accounting for 180.47% of the disclosed profit [7][15]. - In 2020, the inflated operating income was approximately 1.03 billion yuan, with a profit inflation of about 390.94 million yuan, accounting for 199.63% of the disclosed profit [7][15]. - In 2021, the inflated operating income was approximately 666.64 million yuan, with a profit inflation of about 411.25 million yuan, accounting for 1,013.30% of the disclosed profit [7][15]. - In 2022, the inflated operating income was approximately 1.26 billion yuan, with a profit reduction of about 762.25 million yuan, accounting for 53.41% of the disclosed profit [7][15]. Legal Proceedings - Investors who purchased New Yao Textile shares between April 20, 2017, and April 27, 2023, and sold or held shares after April 27, 2023, are eligible to initiate compensation claims [8][16].
亚太会所被处罚,新野纺织(002087)投资者索赔继续推进