China National Software & Service Company Limited Faces Penalty Over Bidding Irregularities

Stock News06-12

China National Software & Service Company Limited (SHA: 600536) has issued an announcement regarding a penalty imposed by the Ministry of Finance. The penalty was levied after authorities discovered that the company's bidding documents showed multiple instances of abnormal consistency with those of other suppliers, constituting a case of collusive bidding.

The Ministry of Finance has decided to impose a total fine of RMB 40,500 on the company. Additionally, the firm will be placed on a list of entities with poor conduct records and will be prohibited from participating in government procurement activities for a period of one year. The company has been ordered to rectify the issues related to its collusion with other suppliers.

The company stated that its overall production and business operations remain normal. Other contracts already signed are expected to be unaffected and can proceed as usual. During the prohibition period, the parent company will be barred from participating in government procurement, but its cooperation with channel and industry clients can continue normally. Subsidiaries of the company will be permitted to participate in government procurement activities as usual.

According to preliminary statistics, the business revenue directly generated by the parent company from government procurement accounts for approximately 11% of the company's total operating revenue for 2025. The company expects that this penalty will not have a significant adverse impact on its production and business operations.

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