Shenzhen Securities Regulatory Bureau Issues Warning to Solarin Over Information Disclosure Violations
2025-02-07 / Read about 0 minute
Author:小编   

Solarin, a company specializing in the R&D, production, sales, and service of automotive intelligence systems, has received a warning letter from the Shenzhen Securities Regulatory Bureau concerning issues related to information disclosure. Specifically, the letter cited the company's failure to disclose supplementary agreements in a timely manner and inaccuracies in the disclosure of related party transactions data in its annual report. In response, Solarin stated that it would learn from this experience and strive to enhance the quality of its information disclosure practices.

Despite facing delisting risk warnings in 2020 due to financial challenges, Solarin successfully completed its reorganization by the end of 2021, marking a gradual recovery in its performance. Over the past few years, the company has witnessed consistent growth, with operating revenue reaching RMB 828 million and net profit attributable to shareholders amounting to RMB 8.8259 million in 2022. This momentum continued in 2023, with operating revenue increasing to RMB 1.26 billion and net profit surging to RMB 32.5998 million. Furthermore, in the first three quarters of 2024, Solarin reported operating revenue of RMB 1.032 billion and net profit of RMB 44.0658 million.