Lanshi Heavy Equipment, along with Chairman Guo Fuyong, General Manager Che Shengwen, and Chief Financial Officer Wei Tongyan, recently received a warning letter from the Gansu Securities Regulatory Bureau. The action was taken because the company made accounting error corrections to its financial data for the first three quarters of 2025, resulting in inaccurate disclosures in the relevant financial reports. The Gansu Securities Regulatory Bureau decided to issue a warning letter to the company, and to impose regulatory talks and warning letters on the three executives, with the matter also recorded in their integrity files. They are required to attend the talks by August 10, 2026, and submit a rectification report within 30 days. This warning is a follow-up to the earlier incident in which the major shareholder, Lanshi Group, had non-operational fund occupation exceeding 6 billion yuan between 2020 and 2024, leading to false records in financial reports. The company and its controlling shareholder were already subject to administrative penalties by the Gansu Securities Regulatory Bureau on April 30, 2026. Lanshi Heavy Equipment was fined 3 million yuan, Lanshi Group was fined 4 million yuan, and at that time Guo Fuyong and Wei Tongyan were also fined 1.1 million yuan and 800,000 yuan respectively.
Lanzhou LS Heavy Equipment CoReceived warning letter from securities regulator for accounting errors and prior fund occupation penalties.