Core Viewpoint - Xiamen Road and Bridge Information Co., Ltd. (referred to as "Road and Bridge Information") has been penalized by the China Securities Regulatory Commission (CSRC) for financial misconduct, including inflating revenue and profits through false contracts and fictitious sales [2][6]. Group 1: Financial Misconduct Details - Road and Bridge Information inflated its operating revenue by CNY 15,835,974.32 in 2023 and CNY 25,764,001.49 in 2024, accounting for 6.66% and 10.71% of the disclosed annual revenue for those years, respectively [2][6]. - The company also inflated its profits by CNY 15,307,059.32 in 2023 and CNY 22,459,275.84 in 2024, representing 73.57% and 103.50% of the disclosed total profit for those years, respectively [2][6]. Group 2: Regulatory Actions and Announcements - On September 29, 2025, Road and Bridge Information issued a correction announcement regarding prior accounting errors that affected the financial statements [2][6]. - The CSRC's Xiamen Regulatory Bureau decided to issue warnings and impose fines on Road and Bridge Information and its responsible personnel due to the violations [2][6]. Group 3: Investor Compensation and Legal Actions - Investors who suffered losses due to the company's misconduct can seek civil compensation, which includes investment differences, commissions, and stamp duties [3][7]. - A lawyer from Shanghai Hanlian Law Firm is collecting claims from investors who purchased Road and Bridge Information's securities between April 23, 2024, and September 29, 2025, and sold or continued to hold them after September 30, 2025 [3][7]. - The conditions for compensation claims may be adjusted based on the CSRC's administrative penalties and the final court rulings [8].
路桥信息（920748）被处罚，股民索赔可期