Juewei Food Co.,Ltd. Penalized for Concealing Revenue, Eligible Investors May Seek Compensation

Deep News09-22

Juewei Food Co.,Ltd. is a company primarily engaged in the production and sales of leisure braised food products, as well as the operation and management of franchise chain systems. It is a leading brand among modern leisure braised food chain enterprises in China.

According to the SWSRESEARCH industry classification (2021), Juewei Food Co.,Ltd. belongs to the Food & Beverage - Leisure Food - Prepared Food sector.

On August 15, 2024, Juewei Food Co.,Ltd. announced that it received a "Case Filing Notice" issued by the China Securities Regulatory Commission (CSRC). Due to the company's suspected violations in information disclosure, the CSRC decided to file a case against the company.

On September 19, 2025, the company disclosed an "Administrative Penalty Advance Notice" (No. [2025] 7) issued by the Hunan Securities Regulatory Bureau of the CSRC. From 2017 to 2021, Juewei Food Co.,Ltd. failed to recognize revenue from franchise store decoration business, resulting in underreported operating revenue in annual reports. The unrecognized revenue represented 5.48%, 3.79%, 2.20%, 2.39%, and 1.64% of the publicly disclosed operating revenue for the corresponding years respectively. The company's annual reports from 2017 to 2021 failed to truthfully disclose operating revenue.

Compensation Period: Investors, including individual and institutional investors, who purchased shares between April 25, 2018, and August 15, 2024, and sold or continued to hold their positions after August 16, 2024, may be eligible for compensation.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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