存货跌价准备计提不准确，坤彩科技被责令改正

Core Viewpoint - The announcement from Kuncai Technology indicates regulatory actions taken by the Fujian Securities Regulatory Bureau due to financial reporting inaccuracies, which could impact the company's credibility and future operations [1][6]. Group 1: Regulatory Actions - Kuncai Technology received a decision from the Fujian Securities Regulatory Bureau, mandating corrective measures due to delays in asset capitalization and inaccurate inventory impairment provisions for 2024 [1][6]. - The chairman and general manager, Xie Bingkun, along with the former CFO, Fang Fei, were held primarily responsible for the violations and received warning letters [1][6]. Group 2: Company Overview - Kuncai Technology, listed on the Shanghai Stock Exchange since April 14, 2017, specializes in the research, production, and sales of inorganic pigments, with key products including pearlescent materials and titanium dioxide [2][6]. Group 3: Financial Performance - The company's net profit has declined for four consecutive years, with figures for 2021 to 2024 being 144 million, 87.98 million, 83.94 million, and 35.14 million yuan, reflecting year-on-year decreases of 8.49%, 38.77%, 4.59%, and 58.13% respectively [2][7]. - For the first three quarters of 2025, Kuncai reported revenue of 856 million yuan, a year-on-year increase of 7.85%, and a net profit of approximately 61.07 million yuan, up 1.13% [4][9]. Group 4: Shareholding and Market Performance - As of November 19, 2025, Xie Bingkun pledged 65.39 million shares, representing 20.39% of his holdings and 9.98% of the total shares [4][9]. - The stock price of Kuncai Technology closed at 17.50 yuan per share on January 16, 2025, down 1.80%, with a total market capitalization of approximately 11.466 billion yuan, reflecting a 14% decline over the past year [4][9].