Core Viewpoint - Road Bridge Information (路桥信息) has faced significant financial reporting issues, with a drastic reduction in net profit for 2024 by 84.91% due to major internal control deficiencies identified by the Xiamen Securities Regulatory Bureau [1][5][6]. Financial Adjustments - The company announced a correction of accounting errors, leading to a revised net profit for 2024 from 22.48 million to 3.39 million, a decrease of 19.09 million [2][7]. - The adjusted operating revenue for 2024 was reduced from 240 million to 215 million, a decline of 10.71% [6][7]. - For 2023, the operating revenue was adjusted from 238 million to 222 million, a reduction of 15.84 million, and net profit decreased from 21.58 million to 8.57 million, a drop of 60.29% [7]. Stock Performance - Despite the financial turmoil, the company's stock price has increased over 130% year-to-date, although it has experienced significant volatility, including a surge of over 90% in late May [2][3][6]. - Following the announcement of the financial corrections, the stock price fell by more than 5% on September 30 [2][3]. Regulatory Actions - The Xiamen Securities Regulatory Bureau mandated corrective measures due to the identified internal control deficiencies, which violate relevant securities laws [5][6]. - The company is required to hire a qualified accounting firm to provide a special verification report on the corrections made [7]. Company Response - The board of directors has acknowledged the issues raised by the regulatory body and has conducted a comprehensive self-examination, committing to improve internal controls and governance [6][7].