FUDAN FORWARD(SH:600624) Xin Lang Cai Jing·2026-01-20 10:01Core Viewpoint - Fudan Fuhua Technology Co., Ltd. has been found guilty of information disclosure violations, leading to administrative penalties against its former deputy general manager, Shen, for failing to accurately report financial data in annual reports from 2019 to 2023 [1][2][3][4]. Group 1: Violations in Financial Reporting - The 2019 and 2020 annual reports contained false records due to improper accounting of construction costs for the Fuhua Wenyuan residential project, resulting in an understatement of operating costs by 50.65 million yuan and an inflated total profit by the same amount, which accounted for 60.25% of the disclosed profit for those years [2]. - In the 2023 annual report, Fudan Fuhua 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 and an inflated total profit by 27.82 million yuan, representing 118.48% of the disclosed profit for that year [3]. Group 2: Accountability and Penalties - Shen, who served as deputy general manager from December 2017 to December 2023, was directly responsible for the inaccurate financial disclosures and failed to consider rising costs during the project evaluation [4]. - The company issued announcements in April 2022 and April 2025 regarding prior accounting errors and adjustments [4]. - As a result of these violations, Shen received a warning and a fine of 500,000 yuan, with a requirement to pay the fine within 15 days of receiving the penalty notice [4][5].