In order to successfully complete the backdoor listing, huanrui century, which once held the aura of many stars such as Yang Mi, Li Yifeng, Yang Zi and Jia Nailiang, has poured water into the profit data for four consecutive years since 2013 by means of falsely increasing revenue and fictitious recovery of receivables. Now it has received the punishment of the CSRC.
On the evening of November 4, huanrui century announced that according to the decision on administrative punishment of the CSRC, huanrui film and television failed to provide true, accurate and complete financial data for 2013, 2014, 2015 and the half year of 2016, resulting in false records and major omissions in the major asset restructuring documents publicly disclosed by huanrui century. According to the punishment of the CSRC, the reporter calculated that huanrui century will face a fine of 4.52 million yuan.