时空科技实控人宫殿海等收警示函 2020上市连亏4年3季

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued a corrective order to Time Space Technology (605178.SH) due to various financial irregularities, including improper fund borrowing and inadequate asset impairment provisions [1][2]. Group 1: Financial Irregularities - Time Space Technology's controlling shareholder, Gong Lanhai, borrowed a total of 23.864 million yuan from the company through employee loans, which constituted non-operational fund occupation [1]. - The company failed to properly account for expected credit impairment losses, and there were indications of impairment for idle fixed assets, with insufficient basis for goodwill impairment testing [1]. - The company improperly classified 1.053 million yuan of expenditures unrelated to project development as part of construction in progress [1]. Group 2: Regulatory Actions - The CSRC's decision is based on violations of the Information Disclosure Management Measures and the Regulatory Guidelines for Listed Companies regarding fund transactions and external guarantees [2]. - The CSRC has mandated corrective measures for Time Space Technology and issued warning letters to Gong Lanhai, Jiang Huapeng, and Wang Xincai, who bear primary responsibility for the issues [2]. Group 3: Company Response and Future Plans - Time Space Technology has acknowledged the issues raised in the CSRC's decision and is committed to rectifying them, emphasizing the completion of the fund borrowing issue and its non-impact on normal operations [2]. - The company plans to enhance the knowledge of its board and key personnel regarding relevant laws and regulations, improve its corporate governance structure, and elevate the quality of information disclosure [2]. Group 4: Company Background and Financial Performance - Time Space Technology was listed on the Shanghai Stock Exchange on August 21, 2020, with an initial issuance of 17.727 million shares at a price of 64.31 yuan per share, raising a total of 1.14 billion yuan [3][4]. - The company has reported net losses for four consecutive years, with net profits attributable to shareholders of -17.6653 million yuan in 2021, -209 million yuan in 2022, -207 million yuan in 2023, and -262 million yuan in 2024 [4].