① Hongbo Co., Ltd.'s 2023 performance forecast changed from “pre-profit” to “pre-loss”. Today, the company's stock price fell to a standstill, and the market value shrunk by more than 1 billion yuan; ② The “big change in face” of the performance forecast caused an uproar in public opinion. According to tonight's announcement, the company and relevant responsible personnel recently received a warning letter from the Fujian Securities Regulatory Bureau.
Financial Services Association, April 15 (Reporter Wang Bin) As the peak of the annual report is approaching, the “big change in face” of Hongbo Co., Ltd.'s performance forecast quickly attracted regulatory attention. This evening, Hongbo Co., Ltd. announced that the company and relevant responsible personnel received the “Decision on Issuing Warning Letter Measures against Hongbo Co., Ltd. and related responsible personnel ([2024] No. 15)” (“Decision”) issued by the Fujian Securities Regulatory Bureau.
Looking back simply, last Friday evening, the “dark horse of computing power” Hongbo Co., Ltd. (002229.SZ) suddenly issued an announcement to revise the 2023 annual performance forecast. The company's performance forecast changed from “pre-profit” to “pre-loss”, and it has been in deep losses for two consecutive years. The Financial Services Association followed up on this report and published “Predicting Sudden Changes in Profits and Losses, “Dark Horse in Computing Power” This morning, so there's no need for dividends? More than 40 companies revised their performance forecasts, and those “too poor” were regulated”. After the opening of the market today, the stock price of Hongbo Co., Ltd. also fell to a halt. By the close, its market value had shrunk by more than 1 billion yuan in one day.
According to the “Decision”, after investigation, Hongbo Co., Ltd. disclosed the 2023 annual performance forecast on January 11. The estimated net profit is 37.4 million yuan to 56.1 million yuan, and profit after deducting non-net profit is 28.4 million yuan to 42.6 million yuan. On the evening of April 12, the company disclosed the revised performance forecast, stating that due to the time the equipment sales revenue was not approved by the auditing agency, the net profit for 2023 is expected to be corrected to a loss of 50 million yuan to 58 million yuan, and a loss of 65 million yuan to 75 million yuan after deducting non-net profit.
The “Decision” states that the above situation of Hongbo Co., Ltd. violates the provisions of Article 3 (1) of the “Administrative Measures on Information Disclosure of Listed Companies” (Securities Regulatory Commission Order No. 182, hereinafter referred to as the “Administrative Measures”). According to Article 51 (3) of the Administrative Measures, Ni Hui, chairman of Hongbo Co., Ltd., and Pu Wei, the financial director, failed to perform their duties of diligence and due diligence, and bear the main responsibility for the above issues.
The Fujian Securities Regulatory Bureau stated that according to the provisions of Article 52 (3) of the Administrative Measures, it has decided to take administrative supervision measures to issue warning letters against Hongbo Co., Ltd., Ni Hui, and Puwei, and record them in the securities and futures market integrity file database. Furthermore, the Fujian Securities Regulatory Bureau will carry out an on-site inspection of Hongbo shares and take the next supervisory measures based on the inspection situation.
In response, Hongbo Co., Ltd. said that after receiving the warning letter, the company and relevant personnel attached great importance to it and deeply reflected. The company will strictly follow the requirements of the Fujian Securities Regulatory Bureau, carefully summarize the issues raised in the warning letter and learn lessons; the company and relevant personnel will effectively strengthen their study and understanding of laws and regulations, strengthen the management of information disclosure matters, and strictly fulfill information disclosure obligations.
It is worth noting that this is the second time in nearly half a year that Hongbo Co., Ltd. has received a warning letter from the Fujian Securities Regulatory Bureau. According to an earlier announcement, in November of last year, Hongbo Co., Ltd. received a warning letter from the Fujian Securities Regulatory Bureau due to three financial data errors. The related financial errors were: errors in reporting foreign investment matters, erroneously included business-related penalties in operating income, and erroneously applying the Total Amount Law to confirm printing business revenue.
The warning letter stated that Mao Wei, then chairman of Hongbo Co., Ltd., Li Honglei, general manager, and Pu Wei, the financial director, were mainly responsible for the above issues. The three were supervised and managed by issuing a warning letter and recorded in the securities and futures market integrity file database.