---
title: "FPT and related personnel received the administrative supervision measures decision from the Jiangxi Securities Regulatory Bureau"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/241017200.md"
description: "On May 20, 2025, FPT received an administrative regulatory measure decision from the Jiangxi Securities Regulatory Bureau due to the failure to prudently recognize revenue for 2023 in accordance with enterprise accounting standards, resulting in inaccurate disclosures of total revenue and costs in the semi-annual and third-quarter reports. The company's chairman, Yingjie Shen, and the then CFO, Junjiang Li, are responsible for this, and the Jiangxi Securities Regulatory Bureau decided to issue a warning letter to them and the company"
datetime: "2025-05-20T11:07:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/241017200.md)
  - [en](https://longbridge.com/en/news/241017200.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/241017200.md)
---

# FPT and related personnel received the administrative supervision measures decision from the Jiangxi Securities Regulatory Bureau

According to the announcement from Zhitong Finance APP, FPT (300256.SZ) stated that on May 20, 2025, the company received an administrative regulatory measure decision letter from the Jiangxi Regulatory Bureau of the China Securities Regulatory Commission ("Jiangxi CSRC") titled "Decision on the Issuance of Warning Letters to Jiangxi FPT Co., Ltd., Ying Guangjie, and Li Junjiang" and a regulatory letter from the Shenzhen Stock Exchange's Growth Enterprise Market Company Management Department regarding Jiangxi FPT Co., Ltd. and related personnel. The relevant situation is as follows:

Upon investigation, it was found that the company had the following main issues: during the year 2023, it failed to prudently recognize revenue in accordance with the provisions of the Enterprise Accounting Standards, resulting in inaccurate disclosures of total operating revenue and total operating costs in the 2023 semi-annual report and third-quarter report. Specifically, the impact amount on the semi-annual report's operating revenue and operating costs was RMB 12 million, and the impact amount on the third-quarter report's operating revenue and operating costs was RMB 170 million. In April 2024, your company disclosed the "Announcement on the Correction of Prior Period Accounting Errors" to rectify the above matters.

The above behavior violated the provisions of Article 3, Paragraph 1 of the "Administrative Measures for Information Disclosure of Listed Companies" (2021 Revision) (CSRC Order No. 182). According to the provisions of Article 52, Item 3 of the "Administrative Measures for Information Disclosure of Listed Companies," the Jiangxi CSRC decided to issue a warning letter to the company as an administrative regulatory measure.

Ying Guangjie, as the chairman and general manager of the company, and Li Junjiang, as the then chief financial officer of the company, are responsible for the above violations, which violated the provisions of Article 4 of the "Administrative Measures for Information Disclosure of Listed Companies." According to the provisions of Article 51, Paragraph 1, and Article 52, Item 3 of the "Administrative Measures for Information Disclosure of Listed Companies," the Jiangxi CSRC decided to issue warning letters to Ying Guangjie and Li Junjiang as administrative regulatory measures.

The company's above behavior violated Article 1.4 and Article 5.1.1 of the Shenzhen Stock Exchange's "Rules for the Listing of Stocks on the Growth Enterprise Market (Revised in August 2023)"; the company's chairman and general manager Ying Guangjie and the then chief financial officer Li Junjiang failed to fulfill their duties and perform their obligations of loyalty and diligence, violating Article 1.4, Article 4.2.2, and Article 5.1.2 of the Shenzhen Stock Exchange's "Rules for the Listing of Stocks on the Growth Enterprise Market (Revised in August 2023)," and are responsible for the company's above violations

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