Jiangsu Boqian New Materials Stock (605376.SH) received a warning letter from the Jiangsu Securities Regulatory Bureau.

Jiangsu Boqian New Materials Stock (605376.SH) issued an announcement on January 21, 2025, stating that the company received a decision from the Jiangsu Regulatory Bureau of the China Securities Regulatory Commission regarding the issuance of a warning letter to Jiangsu Boqian New Materials Stock Co., Ltd. and related responsible persons ([2025] No. 17). After investigation, the company was found to have the following issues: firstly, there were disclosure errors in the progress of the investment projects in the "Special Report on the Use and Deposit of Raised Funds in the First Half of 2021"; secondly, the company failed to timely disclose the delay in investment projects in the "Special Report on the Use and Deposit of Raised Funds in the First Half of 2022"; thirdly, there were misstatements in the non-recurring income and expenses in the 2023 annual report, leading to an overstatement of non-recurring net profit by 1.1681 million yuan in the 2023 annual report; fourthly, the company failed to accurately disclose changes in the top five suppliers.