---
title: "SONGZ and related personnel received a warning letter from the Shanghai Securities Regulatory Bureau"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/223195705.md"
description: "SONGZ recently received a warning letter from the Shanghai Securities Regulatory Bureau, as the company recognized an asset impairment provision of 29.8724 million yuan in 2023, accounting for 29.92% of the parent company's net profit. This impairment provision was not disclosed through a temporary report and was only explained in the 2023 annual report"
datetime: "2024-12-24T12:28:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/223195705.md)
  - [en](https://longbridge.com/en/news/223195705.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/223195705.md)
generator: "portal-rs"
---

# SONGZ and related personnel received a warning letter from the Shanghai Securities Regulatory Bureau

According to the Zhitong Finance APP, SONGZ (002454.SZ) announced that it recently received a notice from the Shanghai Regulatory Bureau of the China Securities Regulatory Commission (referred to as "Shanghai Securities Regulatory Bureau") regarding the decision to issue a warning letter to Shanghai Jialeng SONGZ Automotive Air Conditioning Co., Ltd., Chen Huanxiong, Ji Ankang, and Chen Rui (Document No. Hu Zheng Jian Jue \[2024\] 412).

Upon investigation, SONGZ recorded an asset impairment provision of 29.8724 million yuan for the year 2023, accounting for 29.92% of the net profit attributable to the parent company's owners for the current period, and 31.84% of the net profit attributable to the parent company's owners for the most recent period (2022). The company did not disclose the large asset impairment provision through a temporary report, but only through the 2023 annual report

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**