ZTT controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2023
Related-party guarantee review and equity transfer progress disclosed late, company warned
In 2023, ZTT and its board secretary were issued a regulatory warning by the Shanghai Stock Exchange for failing to promptly submit a related-party guarantee to the shareholders' meeting for review after the transfer of Zhongtian Guomao, and for untimely disclosure of the equity transfer progress.
2022
Revenue restated from gross to net basis; multiple financial reports inaccurate, company warned
In June 2022, ZTT was issued a regulatory warning by the Shanghai Stock Exchange after its high-end communications business lacked sufficient pricing power, requiring retrospective adjustment of revenue recognition and rendering multiple periods of financial disclosure inaccurate; the company and its then finance director were both warned.