China Economic Net, Beijing, January 19. Recently, the website of the China Securities Regulatory Commission disclosed the decision to order corrective measures against Hainan Natural Rubber Industry Group Co., Ltd. (stock abbreviation: Hainan Rubber, stock code: 601118.SH).
The Hainan Supervision Bureau of the China Securities Regulatory Commission found that the Hainan Rubber Subsidiary Shanghai Dragon Rubber International Trading Co., Ltd. had several transfers of cargo rights from 2016 to 2017, and the related transactions had no commercial substance, resulting in an inflated income of 272.4965 million yuan in 2016, accounting for the current operating income. The proportion is 3.07%, the total deducted profit is 3.0844 million yuan, accounting for 3.50% of the current total profit (calculated in absolute value). , accounting for 2.72% of the current total profit (calculated in absolute value). The above behavior violated Article 2 of the Measures for the Administration of Information Disclosure of Listed Companies (Order No. 40 of the China Securities Regulatory Commission).
In accordance with Article 59 of the Measures for the Administration of Information Disclosure of Listed Companies and Article 21 of the Measures for On-site Inspection of Listed Companies (Announcement of the China Securities Regulatory Commission [2010] No. 12), the Hainan Supervision Bureau of the China Securities Regulatory Commission has decided to take measures against Hainan Rubber. The administrative supervision measures ordered to be corrected shall be recorded in the capital market integrity information database.
Relevant laws and regulations:
Article 2 of the "Administrative Measures for Information Disclosure of Listed Companies" The information disclosure obligor shall disclose information truthfully, accurately, completely and in a timely manner, and shall not contain false records, misleading statements or major omissions.
The information disclosure obligor shall publicly disclose information to all investors at the same time.
The information disclosed in the overseas market by a company that issues securities and their derivatives in the domestic and foreign markets and goes public shall be disclosed in the domestic market at the same time.
Article 59 Where information disclosure obligors and their directors, supervisors and senior managers, shareholders, actual controllers, acquirers and their directors, supervisors and senior managers of listed companies violate these Measures, the CSRC may take the following measures: Regulatory measures:
(1) Order to make corrections;
(2) Regulatory talks;
(3) Issue a warning letter;
(4) Record their violations of laws and regulations, non-performance of public commitments, etc. in the integrity file and publish them;
(5) Determining as an inappropriate candidate;
(6) Other regulatory measures that may be taken according to law.
Article 21 of the "Measures for On-site Inspection of Listed Companies" If it finds that there are problems in the standardized operation of the inspection object, the CSRC may order the inspection object to take corrective measures.
Where the measures mentioned in the preceding paragraph are adopted, the CSRC shall inform the inspection object and relevant personnel of the facts, reasons and basis for the inspection in advance. If the inspection object or relevant personnel have different opinions, they may defend, state their opinions and explain the reasons. The China Securities Regulatory Commission shall review the matter, and notify the review result within 10 working days from the date of receipt of the defense and statement.
The following is the original text:
Decision on taking corrective measures against Hainan Natural Rubber Industry Group Co., Ltd.
[2022] No. 1
Hainan Natural Rubber Industry Group Co., Ltd.:
After investigation, our bureau found that your company's subsidiary Shanghai Long Oak International Trading Co., Ltd. had a number of cargo rights transfers from 2016 to 2017, and the relevant transactions did not have commercial substance, resulting in an inflated income of 272,496,500 yuan in 2016, accounting for the current operating income. The proportion is 3.07%, the total deducted profit is 3.0844 million yuan, accounting for 3.50% of the current total profit (calculated in absolute value). , accounting for 2.72% of the current total profit (calculated in absolute value). The above behavior violated Article 2 of the Measures for the Administration of Information Disclosure of Listed Companies (Order No. 40 of the China Securities Regulatory Commission).
According to the provisions of Article 59 of the Administrative Measures for Information Disclosure of Listed Companies and Article 21 of the Measures for On-site Inspection of Listed Companies (Announcement of the China Securities Regulatory Commission [2010] No. 12), our bureau has decided to order your company to make corrections. Administrative supervision measures, and recorded in the capital market integrity information database. Your company should seriously rectify the above-mentioned violations, draw lessons from them, strengthen the management and control of subsidiaries, improve the quality of financial information disclosure, and prevent the recurrence of violations of laws and regulations. Your company should submit a written rectification report to our bureau within 30 days from the date of receipt of the decision.
If you are not satisfied with these supervisory and administrative measures, you may file an application for administrative reconsideration with the China Securities Regulatory Commission within 60 days from the date of receipt of this decision, or you may file an application with the competent people within 6 months from the date of receipt of this decision. Court proceedings. During the period of reconsideration and litigation, the above-mentioned supervision and management measures will not cease to be implemented.
Hainan Securities Regulatory Bureau
January 14, 2022
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