Huasheng Co., Ltd. (600156.SH) received a decision on administrative supervision measures

Zhitong Finance App News, Huasheng Co., Ltd. (600156.SH) issued an announcement. On April 15, 2025, the company received the administrative supervision measures decision “Decision on Ordering Corrective Measures against Hunan Huasheng Co., Ltd. and Issuing Warning Letter Measures against Responsible Personnel” ([2025] No. 10) issued by the Hunan Regulatory Bureau of the China Securities Regulatory Commission.

After investigation, the company had the following problems: 1. Information disclosure was inaccurate. The company does not assume the main responsibility in the dyed products trading business carried out from 2021 to 2022, and should confirm revenue from related businesses in accordance with the net amount method. Your company uses the total accounting method, resulting in inaccurate disclosure of financial data related to the 2021-2022 semi-annual report and annual report. 2. Internal control management is not in place. The company's trade business system is imperfect, seal management is not standardized, some business data is lost, system management is not standardized, some contracts are not standardized, and financial management is not standardized.

The above acts violate the relevant provisions of Article 3 (1) of the “Administrative Measures on Information Disclosure of Listed Companies” (Securities Regulatory Commission Order No. 182), Article 3 (2), and Article 94 (1) of the “Guidelines for Governance of Listed Companies” (Securities Regulatory Commission Notice (2018) No. 29). The company's chairman Liu Zhigang, general manager Liao Yongqiang, board secretary Jiang Hongkai, and financial director Liang Yongjun violated the provisions of section 4 of the “Administrative Measures on Information Disclosure of Listed Companies” and section 4 of the “Guidelines for the Governance of Listed Companies” and bear the main responsibility for the above matters.