ZOTYE(SZ:000980) 新华网财经·2025-05-22 06:11Core Viewpoint - The article discusses the regulatory actions taken against Zhongtai Automobile Co., Ltd. due to financial misreporting and the company's declining performance in recent years [4][5]. Group 1: Regulatory Actions - On May 20, the Zhejiang Securities Regulatory Bureau issued a warning letter to Zhongtai Automobile and its executives for inaccuracies in financial disclosures [4]. - The company announced corrections to its financial data for the years 2021 to 2024, indicating prior reports contained inaccuracies [4]. - The chairman, Hu Zeyu, and other executives were held primarily responsible for these violations of the Information Disclosure Management Measures [4]. Group 2: Company Performance - Zhongtai Automobile's revenue for 2024 was reported at 558 million yuan, a decrease of 23.96% year-on-year [5]. - The net profit attributable to shareholders was -1 billion yuan, reflecting an increase in losses of 6.82% compared to the previous year [5]. - The company sold only 14 vehicles in 2024, a staggering decline of 98.74%, with production halting completely [5]. Group 3: Financial and Operational Metrics - Research and development expenses for 2024 were 5.70 million yuan, down 94.17% from the previous year [5]. - The number of R&D personnel decreased by 49.69% to 81 from 161 in the previous year [5]. - Despite the financial downturn, the total compensation for 16 executives increased by 61.45% to 9.55 million yuan [6]. Group 4: Stock Performance - The stock price of Zhongtai Automobile closed at 2.24 yuan, reflecting a decline of 1.75% [6].