Zotye Automobile, which suffered huge losses, was punished by the regulatory authorities because its information disclosure was not timely and correct. Zotye Auto said in the announcement that the Zhejiang Securities Regulatory Bureau decided to take supervision and management measures to issue warning letters to the company and related personnel, and included them in the integrity files of the securities and futures markets.

Due to the untimely and inaccurate information disclosure of the company, Chairman and President Jin Zheyong, Secretary of the Board of Directors Yang Haifeng, Chief Financial Officer Zhang Zhi and then Chief Financial Officer Fang Maojun violated the relevant provisions of the Credit Management Measures, and Zhejiang Securities Regulatory Bureau decided to take the supervision and management measures of issuing warning letters to the above personnel.

At the beginning of June 5438+ 10 this year, zotye motor disclosed the "20 19 annual performance forecast", showing that the net profit attributable to shareholders of listed companies was a loss of 6 billion to 9 billion yuan. /kloc-in June, 2008, the company revised the amount from 108 billion yuan to11500 million yuan. On June 23rd, the annual report disclosed by the company showed that the actual performance was a loss of 110.90 billion yuan, which was quite different from the amount disclosed in the performance forecast of 20201. The company failed to correct the performance forecast of 20 19 in time. Therefore, Zotye Automobile only received a warning letter from Zhejiang Securities Regulatory Bureau, requiring Zotye Automobile to submit a written report before August 7.

In this regard, Zotye Automobile said that after receiving the above warning letter, the company and all directors, supervisors and senior managers attached great importance to it and deeply reflected on the problems and deficiencies in the company's information disclosure work. The company will actively rectify according to the requirements of Zhejiang Securities Regulatory Bureau.

14 In July, Zotye Automobile released the semi-annual performance forecast for 2020, which showed that the net profit attributable to shareholders of listed companies in the first half of the year was expected to be a loss of 750 million yuan-105 million yuan, compared with a loss of 290 million yuan in the same period of last year, down/kloc-0.58%-26/kloc-0.56% year-on-year. In terms of sales volume, according to the announcement of Zotye Automobile, 574 vehicles will be produced in 2020, and 14 17 vehicles will be sold.

Zotye Automobile, established in 2003, has been taking a high imitation route for many years. The neglect of the car itself has led to a sharp decline in its sales. In a short period of time, Zotye seems to be difficult to reverse the trend.

This article comes from car home, the author of the car manufacturer, and does not represent car home's position.