路桥信息财务造假！金圆统一证券督导失职遭警示

Core Viewpoint - The Xiamen Securities Regulatory Bureau has imposed penalties on Xiamen Road and Bridge Information Co., Ltd. for financial fraud over two consecutive years, highlighting the importance of intermediary institutions as gatekeepers in the registration system [2][4][10]. Group 1: Financial Fraud Details - Xiamen Road and Bridge Information inflated its revenue by 15.836 million yuan in 2023 and 25.764 million yuan in 2024, accounting for 6.66% and 10.71% of the reported revenue, respectively [4]. - The company also inflated its profits by 15.307 million yuan in 2023 and 22.459 million yuan in 2024, representing 73.57% and 103.5% of the reported profit, respectively [4][10]. - The fraudulent activities included signing false contracts, fabricating sales, and prematurely recognizing revenue [4]. Group 2: Regulatory Actions - The Xiamen Securities Regulatory Bureau issued a total fine of 21.5 million yuan against Xiamen Road and Bridge Information and eight responsible individuals, with two key executives facing a three-year ban from the securities market [10]. - The continuous supervisory institution, Jinyuan Tongyi Securities, received a warning for failing to diligently oversee the company's compliance with operational and disclosure obligations [13][15]. - The regulatory actions reflect a broader trend of increasing accountability for intermediary institutions in maintaining the integrity of the registration system [15]. Group 3: Company and Industry Impact - Following the penalties, Xiamen Road and Bridge Information announced that it would enhance its corporate governance and internal controls to improve financial reporting and compliance [10]. - The company reported that its business operations remain normal and that the penalties will not significantly impact its production and operations [10]. - Jinyuan Tongyi Securities has faced ongoing financial pressure since its establishment, with revenues fluctuating and net losses recorded in previous years, indicating challenges in its operational performance [18][20].