多年未披露关联方非经营性资金往来 浙文互联收监管警示函

Core Viewpoint - Zhejiang Wen Internet Group Co., Ltd. received a warning letter from the Zhejiang Securities Regulatory Bureau for failing to disclose related party transactions involving loans to its subsidiary, Beijing Zhejiang Wen Internet Catering Co., Ltd. [1][2] Group 1: Regulatory Actions - The warning letter indicates that Zhejiang Wen Internet provided loans to its subsidiary over the years 2021 to 2024, totaling 1.6 million yuan, 3.37 million yuan, 2.19 million yuan, and 485,000 yuan respectively, without proper disclosure in annual reports [1][2] - The Zhejiang Securities Regulatory Bureau and the Shanghai Stock Exchange issued simultaneous warnings, emphasizing a "zero tolerance" policy towards information disclosure violations [2] Group 2: Corporate Governance Issues - The loans and lack of disclosure reflect weaknesses in the company's internal controls regarding related party identification and fund approval processes, indicating a need for improved governance [2][3] - The subsidiary, Zhejiang Wen Catering, was fully acquired by Zhejiang Wen Internet in January 2025 but was subsequently dissolved within ten months, raising concerns about the company's strategic decision-making [3] Group 3: Financial Performance - For the first three quarters of 2025, the company reported revenues of 5.605 billion yuan, a slight increase of 0.12%, while net profit attributable to shareholders decreased by 19.68% to 127 million yuan [3]