Dahua Smart Faces Heavy Penalty for Concealing 795 Million Yuan Contract and Falsifying Annual Reports, Investor Claims Initiated

Deep News
03/03

Affected investors can register their claims on the Sina Investor Rights Protection platform. The company focuses its core business development strategy on "communication networks" and "digital screens," with forward-looking deployments in high-throughput satellite and 5G integrated communications. Centered in Fujian, it aims to extend its operations nationwide and to countries and regions along the Belt and Road, building an integrated communication network that combines satellite internet, data centers, emergency communications, and marine economy operations.

According to the Shenwan industry classification (2021), Dahua Intelligent (stock code: 002512) falls under the Computers-Computer Equipment-Other Computer Equipment category.

On February 27, 2026, the company and relevant responsible persons received a "Prior Notice of Administrative Penalty" from the China Securities Regulatory Commission's Fujian Bureau. The investigation found that the company is suspected of the following violations: 1) Failure to disclose major contracts and their progress as required; 2) Significant omissions in the annual reports from 2021 to 2023; 3) False records in the 2023 annual report.

On January 27, 2025, Dahua Intelligent disclosed an announcement regarding the correction of prior accounting errors and retrospective adjustments, addressing the overstatement of profits mentioned above.

Eligibility for claims: Investors who purchased shares between December 2, 2021, and December 31, 2024, and sold or continued to hold them on or after January 1, 2025, including both individual and institutional investors.

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