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Two more listed companies have been filed against by the China Securities Regulatory Commission for suspected violations of laws and regulations in information disclosure.

On the evening of August 2, Sunsea Intelligent Technology (002313) announced that the company received the "Notice of Filing of Case" from the China Securities Regulatory Commission on August 2.The company was suspected of violating laws and regulations in information disclosure.In accordance with the Securities Law of the People's Republic of China, the Administrative Penalty Law of the People's Republic of China and other laws and regulations, the China Securities Regulatory Commission decided to file a case against the company.

In this regard, Sunsea AIoT stated that as of the date of the announcement, after self-examination by the company, there are currently no other major matters that should be disclosed according to laws and regulations, and the company's production and operation are normal. The company has not yet received the final investigation conclusion of the China Securities Regulatory Commission, and the final investigation results of the case investigation will be based on the conclusion issued by the China Securities Regulatory Commission. During the investigation, the company will fully cooperate with the relevant work of the China Securities Regulatory Commission and strictly fulfill its information disclosure obligations in accordance with regulatory requirements.

It is worth mentioning that on February 2 this year, the Shenzhen Stock Exchange made a disciplinary decision against Rihai Intelligent and related parties, determining that the company had violated regulations in terms of failure to disclose major litigation and arbitration in a timely manner.

Specifically, the announcement at that time showed that Rihai Intelligent and related parties had committed multiple violations.

First, there are false records in the annual report. Due to errors in the accounting of goodwill impairment and the accounting of the proceeds from the disposal of equity of subsidiaries, Sunsea AIoT made false records in its annual reports from 2018 to 2021. Among them, the total profits from 2018 to 2020 were falsely increased by 33.4332 million yuan, 3.6829 million yuan, and 8.7812 million yuan, respectively, and the total profits in 2021 were falsely reduced by 30.1419 million yuan.

Secondly, in order to correct the errors in the financial accounting reports, Rihai Smart disclosed the "Announcement on Correction of Prior Period Accounting Errors and Retrospective Adjustments" on October 31, 2022 and April 17, 2023.

Due to the additional provision for impairment of multiple assets and the reconfirmation of gains and losses from changes in fair value, Rihai Smart adjusted the net profit attributable to the owners of the parent company in 2019, 2020 and 2021 (hereinafter referred to as the net profit) from RMB 78.1358 million, -RMB 546.6358 million and RMB 22.2944 million to RMB 64.6129 million, -RMB 759.8698 million and -RMB 162.8294 million, respectively. The changes in net profit before and after the correction of accounting errors were RMB -13.5230 million, -RMB 213.2340 million and -RMB 185.1238 million, respectively.

In addition, the listed company failed to disclose major lawsuits and arbitrations in a timely manner. The decision shows that Sunsea AIoT disclosed the "Announcement on the Cumulative Litigation and Arbitration Cases" on August 31, 2023. From July 1, 2022 to August 31, 2023, Sunsea AIoT and its holding subsidiaries have accumulated 79 new lawsuits and arbitration cases, involving a total amount of 555.5649 million yuan. Sunsea AIoT reached the disclosure standard as early as March 2, 2023, involving a cumulative amount of 282.3865 million yuan, accounting for 10.76% of the audited net assets in 2021.

Sunsea Intelligent's main business is mainly divided into three sectors: wireless communication module business, communication equipment business, and communication engineering service business. As of the end of the first quarter of this year, Zhuhai Rundata Investment Partnership is the controlling shareholder of Sunsea Intelligent, holding 27.74% of the listed company's shares, and the actual controller is the local state-owned assets - Zhuhai State-owned Assets Supervision and Administration Commission.

On the evening of July 9, Sunsea Technology released its first-half performance forecast, predicting a net profit attributable to shareholders of RMB 30 million to RMB 50 million in the first half of 2024, compared with a net profit attributable to shareholders of approximately RMB 107 million in the same period last year.

In this regard, Sunsea AIoT stated that the company concentrated on its advantages in the wireless communication module industry, increased investment in core module technology, and improved product competitiveness; at the same time, it focused on major customers, focused on investment and increased overseas business sales, improved operational capabilities and product delivery, and module business sales increased significantly year-on-year, driving gross profit growth. In addition, during the reporting period, the company took a variety of measures to increase the collection of accounts receivable, the amount of accounts receivable collected increased, and the provision for credit impairment of accounts receivable decreased year-on-year.

Coincidentally, another listed company, Jinfu Technology (300128), also disclosed an announcement yesterday evening that it had received a notice of filing from the China Securities Regulatory Commission.

The announcement shows that the company recently received a "Notice of Filing of a Case" issued by the China Securities Regulatory Commission.The company is suspected of violating laws and regulations in information disclosure.According to the Securities Law of the People's Republic of China, the Administrative Penalty Law of the People's Republic of China and other laws and regulations, the China Securities Regulatory Commission decided to file a case against the company. At present, all production and business activities of the company are proceeding normally.

Jinfu Technology's business covers two major areas: consumer electronics and new energy. Businesses related to the consumer electronics industry include LCD display modules and complete machine business, consumer electronics components business, intelligent detection and automation equipment business, etc. Businesses related to the new energy industry include lithium battery components, new energy vehicle parts, etc. In addition, the company is also involved in power equipment maintenance and installation engineering business.

As of the end of the first quarter of this year, Taixing Zhicheng Industrial Investment Fund (Limited Partnership) was the controlling shareholder of Jinfu Technology, holding 18.35% of the listed company's shares. The actual controller was the local state-owned assets - Jiangsu Taixing High-tech Industrial Development Zone Management Committee.

Editor: Peng Bo

Proofreading: Ran Yanqing