Juli Sling Co., Ltd. (002342.SZ) announced that on December 18, 2025, it received a regulatory decision from the Hebei Securities Regulatory Bureau, which ordered corrective actions and issued a warning letter to the company while imposing supervisory talks on relevant responsible persons.
The decision cited the following violations: 1. **Inaccurate Provision for Accounts Receivable Impairment**: The company failed to correctly calculate the aging of certain estimated receivables based on actual transaction months, resulting in an under-provision of RMB 2.1491 million in bad debt reserves for 2023. This violated Article 3, Paragraph 1 of the *Administrative Measures for Information Disclosure of Listed Companies* (CSRC Order No. 182). Chairman Yang Jianguo, General Manager Yang Chao, and CFO Fu Qiang were deemed primarily responsible.
2. **Delayed Disclosure of Government Subsidies**: The company received a vocational skills training subsidy of RMB 1.6362 million on April 18, 2024, but disclosed it only on May 24, 2024. This breached Article 3, Paragraph 1 and Article 22, Paragraph 1 of the same regulation. Chairman Yang Jianguo, General Manager Yang Chao, and Board Secretary Zhang Yun were held accountable.
3. **Irregular Corporate Governance**: - The remuneration committee and board failed to review and explain to shareholders the compensation plan for senior executives appointed during the 7th board term. - The board and shareholders did not deliberate on individual non-independent directors’ compensation, violating Article 60 of the *Corporate Governance Guidelines for Listed Companies* (2018 Revision). - Certain executives concurrently served as audit committee members, contravening Article 5, Paragraph 2 of the *Administrative Measures for Independent Directors of Listed Companies* (CSRC Orders No. 220 & 227).
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