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Shanxi Tongbao Energy Co., Ltd.

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2022

    Retrospective Correction of Accounting Errors Draws SSE Warning; Stock Price Manipulated by Four Individuals

    In June 2022, Tongbao Energy changed its electricity sales revenue from the gross method to the net method and retrospectively corrected three 2021 periodic reports; the company and its then chief accountant received a regulatory warning from the Shanghai Stock Exchange. In September 2023, the Shenzhen Securities Regulatory Bureau penalized Li Guoyuan and three others for manipulating Tongbao Energy stock (total fines RMB 2.4 million). Regulatory warning.

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