FilingReader Intelligence
Yuhong Waterproof cited for fund misuse and accounting irregularities
August 11, 2025 at 05:14 PM UTC•By FilingReader AI
Beijing Oriental Yuhong Waterproof Technology received a warning letter from Beijing securities regulators. The company's controlling shareholder Li Weiguo used company funds totaling 69.5 million yuan between February 2023 and May 2024 without timely disclosure.
The company was also cited for irregular financial accounting, including inaccurate revenue recognition and other accounting discrepancies.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
SZSE:002271•Shenzhen Stock Exchange
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