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China Singapore Jingwei, May 21 – On May 21, the Shanghai Stock Exchange website released the Decision on Giving Regulatory Warning to Ruimaotong Supply Chain Management Co., Ltd. and Relevant Responsible Persons (hereinafter referred to as the "Regulatory Warning Decision").
The Regulatory Warning Decision shows that, according to the facts identified in the Decision on Taking Warning Letter Measures against Ruimaotong Supply Chain Management Co., Ltd. ([2024] No. 39) issued by the Shandong Regulatory Bureau of the China Securities Regulatory Commission, Ruimaotong has borrowed the cross-border two-way RMB special deposit account of its controlling shareholder Zhengzhou Ruimaotong Supply Chain Co., Ltd. since November 2015, Handle the settlement of capital transactions between the Company and its domestic subsidiaries and overseas subsidiaries. The financial account of the Company directly records the transactions between the Company and its domestic subsidiaries and overseas subsidiaries, and does not record the information transferred through the special account. The Company has not disclosed relevant information until the 2022 annual report.
The Shanghai Stock Exchange pointed out that Ruimaotong has long borrowed the accounts of related parties, and no circulation information has been recorded in the financial accounts, and no relevant information has been disclosed. The situation of the year will not be disclosed in the regular report until the 2022 annual report, The company's financial and accounting treatment is not standardized and the information disclosure is incomplete, Violated Articles 1.4 and 2.1.1 of the Stock Listing Rules of the Shanghai Stock Exchange (Revised in February 2023) (hereinafter referred to as the Stock Listing Rules) and Article 5.5 of the Self discipline Supervision Guidelines for Listed Companies of the Shanghai Stock Exchange No. 1 - Standardized Operation.
In terms of responsible persons, Zhang Jufang, the then Secretary of the Board of Directors, as the specific person in charge of the company's information disclosure, and Liu Jianhui and Li Aijun, the then Chief Financial Officer, as the specific persons in charge of the company's financial affairs, failed to be diligent and responsible for the above violations, which violated Articles 2.1.2, 4.3.1 Article 4.4.2 and other relevant provisions, as well as the commitments made in the Statement and Commitment of Directors (Supervisors and Senior Management).
In view of the above violation facts and circumstances, in accordance with Article 13.2.2 of the Stock Listing Rules and the Measures for the Implementation of Disciplinary and Regulatory Measures of the Shanghai Stock Exchange and other relevant provisions, the Shanghai Stock Exchange decided to give regulatory warnings to Ruimaotong as the Secretary of the Board of Directors Zhang Jufang, the then CFO Liu Jianhui, and the then CFO Li Aijun in a timely manner.
According to public data, Ruimaotong's main business is commodity supply chain business, industrial Internet platform and supply chain finance. The company's main products include coal supply chain, non coal bulk and supply chain finance.
According to the first quarter report of the company in 2024, Ruimaotong achieved a revenue of 6.971 billion yuan, a year-on-year decrease of 35.23%; The net profit attributable to shareholders of the listed company was 103 million yuan, down 49.16% year on year.
On the secondary market, Ruimaotong closed 1.69% lower at 4.66 yuan/share on the 21st. (Zhongxin Jingwei APP)
