HXDF(SZ:300081) 中国基金报·2025-08-13 02:05Core Viewpoint - Hengxin Dongfang has been investigated by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws [2][4]. Summary by Sections Investigation Announcement - On August 12, Hengxin Dongfang announced that it received a notice of investigation from the CSRC due to suspected violations of information disclosure laws [4][6]. Financial Reporting Issues - The company acknowledged accounting errors in its 2022 annual report and has adjusted its financial statements using the retrospective restatement method. The adjustment reduced the reported revenue by 182 million yuan, which is 37.12% of the pre-adjustment revenue, resulting in a revised revenue of 308 million yuan for 2022 [8][10]. Revenue Adjustment Details - The adjustment involved changing the revenue recognition method for its system integration and technical services business from the gross method to the net method. This decision was based on the company's assessment that it did not fully control the goods sold, thus acting more as an agent [10]. Historical Performance - Hengxin Dongfang has experienced significant financial challenges, with a substantial decline in performance since 2019 and continued losses since 2020. The company reported a net profit of -495 million yuan for 2022 [10][11]. Market Position - As of August 12, the company's stock price was 7.17 yuan per share, with a total market capitalization of 4.3 billion yuan [12].