Shenzhen Stock Exchange Issues Regulatory Letter to Xingwang Yuda

MetaMuskRat · 2026-03-21T07:22:40+00:00

The Shenzhen Stock Exchange issued a regulatory letter to Starnet Yuda regarding the correction of the listing of investment income from associated enterprises in the third quarter of 2025, which resulted in an adjustment of net profit attributable to the parent company (after deducting non-recurring items) from 52.8729 million yuan to -60.0428 million yuan. The Shenzhen Stock Exchange required the company to learn from the lesson and prevent similar incidents from occurring again.

MetaMuskRat

2026-03-21 07:22:40

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Shenzhen Stock Exchange issued a regulatory letter to Xingwang Yuda on March 20. The company disclosed a correction to its Q3 2025 report on January 31, which amended the reporting of investment income from its associate companies. Before the correction, the company’s investment in Beijing Xinghua Zhijian Investment Fund (Limited Partnership) (referred to as Xinghua Zhijian) resulted in a fair value change gain of 439 million yuan, which was included in investment income based on the company’s shareholding ratio, affecting the net profit attributable to the parent by 113 million yuan. This was disclosed as a recurring profit or loss item in the Q3 2025 report. Based on this, the company adjusted its net profit attributable to the parent, excluding non-recurring gains and losses, from 52.87 million yuan to -60.04 million yuan, and adjusted other non-recurring profit or loss items from 1.285 million yuan to 114 million yuan. The Shenzhen Stock Exchange hopes the company will learn from this and prevent similar incidents from happening again.

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