Zhongdu Property Faces Administrative Penalty, Blacklisted from Government Procurement

Deep News
Yesterday

On September 9, Zhongdu Property (872955.NQ) announced that it received an administrative penalty decision from the Xiamen Municipal Finance Bureau. According to the announcement, Zhongdu Property provided materials that did not match the company's actual situation in the bidding documents for tender project numbered [350201]GWCG[GK]2024081-1 due to staff negligence.

In accordance with relevant regulations, the company was fined 23,839.93 yuan, which represents 0.5% of the procurement amount (4,767,986 yuan). The company has been placed on the bad behavior record list and is prohibited from participating in government procurement activities for one year.

Zhongdu Property was established in August 2005, with Lan Siying as the legal representative and actual controllers being Lan Siying and Yin Shenping, with no persons acting in concert.

Regarding financial performance, in the first half of 2025, Zhongdu Property recorded operating revenue of 26.459 million yuan, representing a year-on-year increase of 9.64%. Net profit attributable to shareholders was 802,100 yuan, down 21.27% year-on-year. Net profit attributable to shareholders after deducting non-recurring gains and losses was 605,000 yuan, declining 30.46% year-on-year.

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