拓斯达因五项违规被警示赴港上市临考 业绩波动两股东急减持套现2.95亿

Core Viewpoint - The company TuoSiDa is planning to list in Hong Kong to optimize its capital structure, enhance internationalization, and accelerate overseas business development, despite facing regulatory warnings regarding various operational issues [1][11]. Group 1: IPO Plans and Objectives - TuoSiDa's board approved the proposal for a Hong Kong IPO on December 30, 2025, aiming to improve its capital structure and international presence [1]. - The company has raised a total of 16.60 billion yuan since its A-share listing in 2017, with cumulative dividends of 2.84 billion yuan [2][10]. Group 2: Regulatory Warnings and Violations - TuoSiDa received a warning letter from the Guangdong Securities Regulatory Bureau due to five main violations, including inaccurate revenue recognition, cost accounting issues, improper bad debt provisions, non-compliance in fundraising usage, and inadequate insider information management [4][5][6]. - Specific violations included prematurely recognizing 7.9686 million yuan in revenue and misclassifying costs, leading to discrepancies in profit reporting for 2023 and 2024 [5]. Group 3: Financial Performance - TuoSiDa's financial performance has been inconsistent, with a peak net profit of 520 million yuan in 2020, followed by a decline to 88 million yuan in 2023 and a loss of 245 million yuan in 2024 [1][9]. - In the first three quarters of 2025, the company reported a net profit of 49 million yuan, showing signs of recovery but not yet reaching previous levels [1]. Group 4: Shareholder Actions - Recent shareholder actions included significant share reductions by major shareholders, with a total of 295 million yuan cashed out by shareholders Yang Shuangbao and Huang Daibo [3][11]. - Huang Daibo, a former vice president, sold 4.3452 million shares for approximately 131 million yuan before resigning [11].