Core Viewpoint - Shenzhen Luochang Technology Co., Ltd. (referred to as "Luochang Technology") has faced significant discrepancies between its audited net profit and its performance forecasts, leading to regulatory scrutiny and violations of stock listing rules [1][2][6]. Financial Performance Summary - In the third quarter of 2019, Luochang Technology reported a revenue of 167 million yuan, a year-on-year decline of 8.69%, and a net profit attributable to shareholders of -24.81 million yuan, down 50.60% year-on-year [2]. - The company initially projected a net profit range for 2019 of -150 million to -120 million yuan, which was later revised to -270 million to -180 million yuan due to market downturns and increased competition [3]. - The final audited net profit for 2019 was reported at -352 million yuan, representing a year-on-year decline of 2177.22% [4]. Regulatory Compliance Issues - Luochang Technology failed to timely correct its profit forecasts, violating multiple provisions of the Stock Listing Rules, including the need for accurate and timely disclosures [2][7]. - The company was reminded to adhere to legal and regulatory requirements for information disclosure, ensuring that all disclosures are truthful, accurate, and complete [7][8].