FUDAN FORWARD(SH:600624) Xin Lang Cai Jing·2026-01-20 08:38Core Viewpoint - Fudan Fuhua Technology Co., Ltd. has been found guilty of information disclosure violations, leading to administrative penalties against its former financial officer Zhao Mouxing for false reporting in annual financial statements from 2019 to 2023 [2][3][5] Group 1: Violations and Findings - The company reported false information in its 2019 and 2020 annual reports, failing to accurately account for construction costs related to the Fuhua Wenyuan residential project, resulting in an understatement of operating costs by 50.65 million yuan in 2019, which inflated total profits by the same amount, constituting 60.25% of the reported profit for that year [2] - In 2020, the company again understated operating costs by 2.59 million yuan, inflating total profits by the same amount, which represented 7.11% of the reported profit for that year [2] - In the 2023 annual report, the company incorrectly combined high-rise residential and villa assets for inventory impairment testing, leading to an understatement of asset impairment losses by 27.82 million yuan, inflating total profits by the same amount, which accounted for 118.48% of the reported profit for that year [3] Group 2: Administrative Actions - Zhao Mouxing, who served as the financial officer from December 2017 to November 2022, was directly responsible for the inaccurate financial reporting and failed to consider rising labor and material costs during the accounting process [4] - The Shanghai Securities Regulatory Bureau has issued a warning and imposed a fine of 700,000 yuan on Zhao Mouxing for his role in the violations [5] - The penalties must be paid within 15 days of receiving the decision, and Zhao has the right to appeal within 60 days or file a lawsuit within six months [5]