Hubei Radio & Television Information Network(000665.SZ) received a warning letter from the Hubei Securities Regulatory Bureau.

date
19/09/2025
avatar
GMT Eight
Hubei Radio and Television (000665.SZ) announced that the company received a document issued by the Hubei Securities Regulatory Bureau on September 18, 2025...
Hubei Radio & Television Information Network (000665.SZ) announced that on September 18, 2025, it received a decision from the Hubei Securities Regulatory Bureau to issue a warning letter to the company and relevant responsible personnel. Previously, on April 29, 2025, the company disclosed an announcement regarding the correction of prior accounting errors and retrospective adjustments. Due to the inappropriate recognition of business revenue from customer acquisition projects by its wholly-owned subsidiary, Hubei Radio & Television Information Network Wuhan Investment Co., Ltd., and its Wuhan branch in 2023, the company made corrections to the revenues related to 2023. The inappropriate recognition of revenue by Hubei Radio & Television Information Network in 2023 led to inaccuracies in the financial data disclosed in the 2023 annual report.