China's CSRC probes Sichuan Wisesoft for disclosure violations, warns five executives
On September 22, 2026, Sichuan Wisesoft Co., Ltd. (川大智胜) announced it received a CSRC investigation notice for suspected information disclosure violations. Separately, the Sichuan CSRC branch issued corrective measures and warning letters to five executives, including chairman You Zhisheng, for failures including undisclosed related-party transactions, undisclosed performance commitments, and a 15 million yuan non-operational fund occupation by You Zhisheng. The company must submit a rectification report within 60 days.
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China's securities regulator investigates Sichuan University Zhisheng Software for suspected information disclosure violations
Sichuan University Zhisheng Software (stock code 002253) announced on September 22, 2026, that it received a case-opening notice from the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws. The company stated it will cooperate with the investigation and that its operations remain normal. Separately, the Sichuan branch of the CSRC issued a corrective order and warning letters to the company and several executives, including Chairman You Zhisheng, for multiple violations. These include: failure to timely disclose related-party transactions with Chengdu Wanlian Sensor Network Technology from 2020 to 2024; failure to disclose performance commitments for a subsidiary; Chairman You Zhisheng's unauthorized borrowing of 15 million yuan in company funds between July 2024 and April 2025 to repay a related party's bank loan, which was later repaid; internal control deficiencies in contract management and accounts receivable; and improper accounting treatment of fixed assets, inventory, and development costs. The company must submit a rectification report within 60 days.
Read sourceChina's Sichuan CSRC Fines Sichuan Air Traffic Control for Disclosure Violations
Sichuan Air Traffic Control Software Co., Ltd. (川大智胜) announced on September 22 that it received an investigation notice from the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws. Concurrently, the Sichuan branch of the CSRC issued an administrative supervision decision detailing multiple infractions. These include failing to timely disclose related-party transactions with associate company Chengdu Wanlian Sensor Network Technology Co., Ltd., failing to disclose performance commitment agreements from a 2019 investment in Tianjin Huayi Lantian Technology Co., Ltd., and failing to disclose a non-operational fund occupation of 15 million yuan by actual controller You Zhisheng between July 2024 and April 2025. The company also faced issues with internal control execution and accounting treatment. The Sichuan CSRC ordered corrective measures and issued warning letters to several executives, including You Zhisheng, Liu Jianbo, Yang Bo, Hu Qingxian, and Wu Junjie, with records entered into the securities futures market integrity archive. The company stated it will cooperate with the investigation and implement corrective actions, emphasizing that its operations remain normal. For the first half of 2026, the company reported revenue of 65.53 million yuan (up 20.21% year-on-year) and a net loss of 29.52 million yuan (narrowing 10.22%).
Read sourceSichuan Jiuzhou Electric receives corrective measures from Sichuan Securities Regulatory Bureau
Sichuan Jiuzhou Electric Co., Ltd. (002253.SZ) announced that on September 22, 2026, the company and its responsible persons received a decision letter from the Sichuan Office of the China Securities Regulatory Commission (CSRC). The letter states that the company failed to timely review and disclose related-party transactions, failed to disclose performance commitments of its investee companies, failed to disclose non-operational fund occupation, and had inadequate internal controls. As a result, the Sichuan CSRC office ordered the company to take corrective measures and issued warning letters to responsible persons You Zhisheng, Yang Bo, Liu Jianbo, Hu Qingxian, and Wu Junjie, which will be recorded in the securities and futures market integrity archive.
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China's Sichuan Jiuzhou Electric Faces CSRC Probe Over Alleged Information Disclosure Violations
On September 22, Sichuan Jiuzhou Electric Co., Ltd. (stock code 002253), known as Chuan Da Zhi Sheng, announced it had received a 'Case Filing Notice' from the China Securities Regulatory Commission (CSRC) on the same day. The CSRC has decided to open an investigation into the company for suspected violations of information disclosure laws and regulations. The company stated it will actively cooperate with the investigation and fulfill its disclosure obligations. Separately, the Sichuan branch of the CSRC issued an 'Administrative Regulatory Measures Decision' against the company and several individuals. The regulator found multiple issues: failure to timely review and disclose related-party transactions, failure to disclose performance commitments of an investee company, failure to disclose non-operational fund occupation, inadequate internal control implementation, and improper accounting treatment. The Sichuan CSRC ordered the company to rectify and issued warning letters to five individuals, including You Zhisheng, Yang Bo, Liu Jianbo, Hu Qingxian, and Wu Junjie, which will be recorded in the securities and futures market integrity archive.
Read sourceChina's CSRC Investigates Sichuan University Zhisheng Software for Information Disclosure Violations
On September 22, Sichuan University Zhisheng Software Co., Ltd. (stock ticker: Chuan Da Zhi Sheng) announced that the China Securities Regulatory Commission (CSRC) has initiated an investigation into the company for suspected violations of information disclosure laws. The same day, the company received a warning letter from the Sichuan branch of the CSRC detailing multiple issues. These include failure to timely disclose related-party transactions with associate Chengdu Wanlian Sensor Network Technology Co., Ltd., failure to disclose performance commitments from a 2019 investment in Tianjin Huayi Lantian Technology Co., Ltd., and non-operational fund occupation where the company's actual controller, You Zhisheng, borrowed 15 million yuan in company funds from July 2024 to April 2025 to repay a related party's bank loan. Additionally, the company was cited for inadequate internal controls over contract approvals and seal management, and improper accounting treatment for asset impairment tests. The Sichuan regulator ordered corrective measures and issued warning letters to several executives, including You Zhisheng, former general manager Yang Bo, current general manager Liu Jianbo, former CFO Hu Qingxian, and board secretary Wu Junjie. The company reported a net loss of 29.52 million yuan for the first half of the year.
Read sourceChina regulator orders Sichuan University Zhisheng Software to rectify, issues warning letters to executives
The Sichuan Securities Regulatory Bureau has issued a decision ordering Sichuan University Zhisheng Software Co., Ltd. to take corrective measures and issued warning letters to several executives, including Chairman You Zhisheng, for multiple violations of information disclosure and internal control rules. The violations include failing to timely disclose related-party transactions with a subsidiary, failing to disclose performance commitments from an investment in Tianjin Huayi Lantian Technology Co., Ltd., failing to disclose a non-operational fund occupation of 15 million yuan by the actual controller, and inadequate internal controls and accounting treatments. The regulator found that Chairman You Zhisheng and current General Manager Liu Jianbo were responsible for all violations, while former General Manager Yang Bo, former CFO Hu Qingxian, and Board Secretary Wu Junjie were responsible for specific subsets. The company must submit a rectification plan within 60 days. The decision is dated September 17, 2026.
Sichuan University Zhisheng and Executives Receive Regulatory Sanctions for Violations
Sichuan University Zhisheng Software Co., Ltd. and several of its executives have been issued administrative regulatory measures by the Sichuan Securities Regulatory Bureau, according to a September 22 report by Southern Finance. The company was found to have failed to timely disclose related-party transactions, failed to disclose performance commitments of an invested company, failed to disclose non-operational fund occupation, had inadequate internal control implementation, and improper accounting treatment. Notably, actual controller You Zhisheng was involved in a non-operational fund occupation of 15 million yuan. The Sichuan Bureau ordered the company to take corrective measures and issued warning letters to You Zhisheng, Yang Bo, Liu Jianbo, Hu Qingxian, and Wu Junjie, with the sanctions recorded in the securities and futures market.
Read sourceChina's Wisesoft under CSRC investigation for information disclosure violations, five executives warned
On September 22, 2026, Sichuan Wisesoft Co., Ltd. (川大智胜) announced it had received a formal investigation notice from the China Securities Regulatory Commission (CSRC) for suspected information disclosure violations. Separately, the Sichuan branch of the CSRC issued an administrative regulatory decision identifying multiple violations between 2020 and 2025, including failure to timely disclose related-party transactions, failure to disclose performance commitments from a 2019 investment, undisclosed non-operational fund occupation of 15 million yuan by actual controller You Zhisheng, inadequate internal controls, and improper accounting treatment. Five responsible individuals, including chairman You Zhisheng, general manager Liu Jianbo, former general manager Yang Bo, former CFO Hu Qingxian, and board secretary Wu Junjie, received warning letters. The company stated the measures would not affect normal operations. The article also notes that while Wisesoft's 2026 first-half revenue grew 20.21% to 65.53 million yuan, net loss narrowed only slightly to 29.52 million yuan, with low-margin air traffic control business driving growth and R&D spending plunging 67.1%.
Read sourceSichuan University Zhisheng Ordered to Correct Violations, Submit Report in 60 Days
Sichuan University Zhisheng (川大智胜) announced that on September 22, 2026, the company and related responsible individuals received an administrative regulatory measure decision from the Sichuan Securities Regulatory Bureau. The bureau ordered the company to take corrective measures and issued warning letters to You Zhisheng, Yang Bo, Liu Jianbo, Hu Qingxian, and Wu Junjie, which will be recorded in the securities and futures market integrity archives. The company must submit a written rectification report within 60 days of receiving the decision. The violations include failure to timely disclose related-party transactions, failure to disclose performance commitments, and a non-operational fund occupation of 15 million yuan.
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