002397，董事不认自家财报

Core Viewpoint - The article highlights the underlying crisis faced by Mengjie Co., Ltd. despite a reported increase in net profit, emphasizing issues related to financial compliance and internal governance [3][5][11]. Financial Performance - In Q3 2025, Mengjie reported revenue of 1.099 billion yuan, a year-on-year decrease of 7.97%, while net profit attributable to shareholders was 26.52 million yuan, an increase of 28.69% [3][4]. - The company's revenue for the first three quarters of this year reached the lowest level since 2017, with a net profit of only 800,000 yuan after deducting non-recurring items, and a sales gross margin that fell to 0.33% [4][13]. Governance Issues - Director Chen Jie publicly expressed concerns about the authenticity of the Q3 report, stating that it could not guarantee the report's truthfulness, accuracy, and completeness, which points to weak financial compliance [5][6]. - Chen's objections were linked to a regulatory fine received by the company, highlighting issues with a personal loan of over 60 million yuan that remains unresolved [6][10]. Accounting Concerns - Chen Jie criticized the company's accounting treatment of a significant debt, arguing that the full provision for bad debts was made without board approval, which she deemed inappropriate [7][10]. - The company has been accused of cross-period recognition of income, costs, and expenses, which is considered a typical form of financial fraud [8][9]. Business Challenges - Mengjie has faced declining performance since 2021, with revenue dropping from a peak of 2.463 billion yuan in 2021 to 1.715 billion yuan in 2024, reflecting a 30.37% decline [12][13]. - The company reported cumulative losses of 604 million yuan over two years (2021-2022), leading to negative retained earnings [12][13].