Core Viewpoint - Wuzhou Transportation has been subjected to administrative regulatory measures by the Guangxi Securities Regulatory Bureau due to accounting irregularities and failure to fulfill obligations regarding the integrity records of proposed directors and senior management [1][3][6] Group 1: Regulatory Actions - The company was ordered to rectify its accounting practices and was subjected to regulatory talks involving its former chairman and senior management [1][3] - The Guangxi Securities Regulatory Bureau found that Wuzhou Transportation's financial reports for 2022 to 2024 contained inaccuracies due to improper revenue recognition methods [3][6] Group 2: Financial Performance - For the years 2022 to 2024, the company's revenue from its commercial logistics business was reported as 5.35 billion, 2.91 billion, and 5.69 billion respectively, with year-on-year growth rates of 6.96%, -44.94%, and 95.21% [3] - In the first three quarters of the current year, Wuzhou Transportation achieved revenue of 1.205 billion, a decrease of 0.86% year-on-year, and a net profit of 508 million, down 10.26% year-on-year [7] Group 3: Business Operations - The company has been expanding its commercial business, including products like ginger, garlic, sugar, and dairy, leading to an increase in revenue [4] - Wuzhou Transportation's commercial logistics business is a significant segment, second only to its toll road operations, and has been affected by market demand fluctuations [4][5]