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Huaming Intelligence Faces Administrative Penalty Over Suspected Manipulation of R&D Expenses
2025-07-07 /
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Author：小编
On July 5, Huaming Intelligence disclosed that both the company and certain related parties had received a Notice of Prior Administrative Penalty from the Shanghai Supervision Bureau of the China Securities Regulatory Commission on July 4. The penalty stems from suspected breaches of information disclosure regulations, particularly involving the alleged inflation of sales and research and development (R&D) expenses in the 2020 and 2021 annual reports. As a consequence, the company will be issued a warning and subjected to a fine of 1.5 million yuan.
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