What are the specific reasons why Beijing culture was investigated by the CSRC?

Mainly because the company was involved in illegal information disclosure, it was investigated by the CSRC. Recently, Beijing Culture announced that the company had been investigated by the Securities and Futures Commission for allegedly violating the information disclosure rules. In fact, in recent years, Beijing Culture Company has been a dark horse in the film and television industry. With the production of several explosive movies, its brand influence has been greatly enhanced. At the peak of its share price, it once broke through 40 yuan/share, but at present, its share price is only 5 yuan, equivalent to one-eighth of the previous one. At present, Beijing Culture Company also indicated that it will actively cooperate with the investigation and disclose information as required.

In fact, before this, the Beijing Securities Regulatory Commission issued a warning letter to Beijing Culture, and told the outside world that Beijing Culture Company had great problems in the fund management of its subsidiaries, and its financial information disclosure was also very inaccurate. Subsequently, the company began a large-scale top management change. First, Song Ge, the chairman of the board of directors, resigned as the president of the company, and then the company's secretary-general and chief financial officer left. It is reported that these people are actually old employees of the company, but they have to be suspended because of the investigation by the CSRC. In addition, under the wave of information disclosure violations, shareholders of the company also began to reduce their holdings crazily. Last year alone, Beijing Culture issued 14 reduction announcements, which set a new record for the number of times the company reduced its holdings.

Judging from the company's operating data, the film industry almost stopped working due to the epidemic. In the first three quarters of last year, the company's revenue was130,000 yuan, down 98% year-on-year, doubling, while the profit loss attributable to listed shareholders was 65,438+10,000 yuan, nearly three times higher than the previous year.

In fact, this company has been favored by investors because it has been betting on explosive movies. However, due to the epidemic situation and its own business problems, the company's operating conditions are very poor, and its share price has fallen to a low point.