Core Viewpoint - Beijing Guolian Vision Information Technology Co., Ltd. (referred to as "Guolian Co., Ltd.") has been found to have significant violations in information disclosure and regulatory compliance, leading to disciplinary actions from the Shanghai Stock Exchange [1][10]. Group 1: Financial Reporting Violations - The company disclosed inaccurate financial data in its periodic reports, with substantial adjustments made to the operating income and costs for the first three quarters of 2024. The adjustments included a reduction of operating income by approximately 2.63 billion yuan (16.21%), 4.01 billion yuan (13.50%), and 6.76 billion yuan (14.38%) for the first, second, and third quarters respectively [2][12]. - The corresponding operating costs were also adjusted downwards by the same amounts, representing reductions of 16.86%, 14.11%, and 15.03% for the respective quarters [2][12]. Group 2: Regulatory Response Delays - The company failed to respond to a regulatory letter from the Shanghai Stock Exchange in a timely manner, delaying its response three times and only partially addressing the issues by June 19, 2025. The complete response was not provided until July 26, 2025 [3][13]. Group 3: Misuse of Raised Funds - The company misused raised funds by allocating 4.9 million yuan to the construction of a sodium-ion battery production line, which was not closely related to the intended AI-based big data production analysis system project. The company has since returned the funds to the designated account [4][14]. Group 4: Accountability and Disciplinary Actions - The disciplinary actions were directed at the company's former chairman Liu Quan, former general manager Qian Xiaojun, and former financial director Tian Tao for their failure to fulfill their responsibilities, leading to violations of multiple regulations [5][15]. - The Shanghai Stock Exchange has issued a public reprimand against the company and the responsible individuals, emphasizing the need for improved compliance and information disclosure practices [18][19].