Why did the CSRC decide to file an investigation on Shede Liquor Industry?

101On the evening of October 30th, ST was willing to announce that the China Securities Regulatory Commission had decided to initiate an investigation into the company. According to the announcement, Shede Liquor Co., Ltd. (stock abbreviation: ST Shede) received the Notice of Investigation from China Securities Regulatory Commission (hereinafter referred to as "China Securities Regulatory Commission") on October 30th, 2020. Because the company is suspected of violating laws and regulations in information disclosure, according to the relevant provisions of the Securities Law of People's Republic of China (PRC), the China Securities Regulatory Commission decided to initiate an investigation on the company.

ST Shede said that during the investigation, the company will actively cooperate with the investigation work of the China Securities Regulatory Commission and fulfill its information disclosure obligations in strict accordance with relevant laws, regulations and regulatory requirements.

Extended data

Willing to publish the third quarterly report

According to official website data of Shede Liquor Industry, 1996, the company became the third listed company in liquor industry. Shede Liquor has two liquor brands, Tuopai and Shede, among which "China Famous Liquor Tuopai Qujiu Series" has sold more than 5 billion bottles of liquor.

On the 28th, ST was willing to announce the third quarterly report. The data shows that from June 5438 to September, ST realized operating income of17.63 million yuan, down 4.34% year-on-year. The net profit attributable to shareholders of listed companies was 3 1 1 billion yuan, a year-on-year increase of 2.63%; The net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 288 million yuan, down 5. 12% year-on-year.

Regarding the year-on-year decrease of 4.34% in the first three quarters, st was willing to explain that it was mainly due to the decrease in sales affected by the epidemic in this period; R&D expenses decreased by 63.37% year-on-year, mainly due to the reduction of R&D projects of Sichuan Tianma Glass Co., Ltd., a holding subsidiary; Other income decreased by 66. 18% year-on-year, mainly due to the decrease in government subsidies included in current income.

Zhongxin Jingwei-suspected of violating information disclosure, ST Shede was put on file for investigation.