Suning.com warned by CSRC for accounting, disclosure breaches

Suning.com Group Co., Ltd. announced on December 20, 2025, that it received a warning letter from the China Securities Regulatory Commission's Jiangsu Regulatory Bureau. The letter cited the company for several significant issues, including inaccurate revenue recognition for some procurement and sales businesses and an insufficient basis for accounting treatment of investment gains/losses from long-term equity investments. This led to imprecise accounting and untimely impairment testing.

These actions violated multiple articles of the Accounting Standards for Business Enterprises and the Administrative Measures for Information Disclosure by Companies Issuing Securities. Consequently, the company's annual reports contained inaccurate information disclosures.

Ren Jun, former director, chairman, and president, along with Huang Wei, former chief financial officer and board secretary, and Zhou Bin, former chief financial officer, were deemed primarily responsible for these violations due to their failure to diligently perform their duties. The Jiangsu Regulatory Bureau has issued a warning letter to Suning.com, Ren Jun, Huang Wei, and Zhou Bin, recording these actions in the securities and futures market integrity file. The company is required to submit a written report to the bureau within 10 working days.