China Harzone Industry Gets 4-Million-Yuan Fine Over Errors in 2022 Annual Report
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(MT Newswires) -- China Harzone Industry (SHE:300527) was fined 4 million yuan by China's securities regulator for errors in its 2022 annual report. These errors include prematurely recognizing revenue and miscalculating bad debt provisions, according to a Wednesday filing with the Shenzhen bourse. Also fined were chair Tang Yong with 700,000 yuan, general manager Wang Xiaofeng with 600,000 yuan and chief financial officer Li Yingchang with 600,000 yuan. Shares of the emergency traffic engineering equipment manufacturer rose 2% in recent trade.
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