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Sony China Fined CNY30000 For Understating Sales Revenue

December 29, 2005
Editorial Staff

The Beijing Municipal Statistics Bureau has punished a list of enterprises that have been found to have reported false financial tax data.

Sony (SNE), which was identified to be hiding CNY5.98 million for this year's payable welfare fees and CNY1.8 billion in sales revenue, has been included in the list and fined CNY30000 as an administrative punishment.

The Beijing Municipal Statistics Bureau conducted a general economic investigation over the financial status of 6762 businesses whose annual business revenue have reached more than CNY1 million, of which 1478 companies, including Sony China, Tsinghua Unisplendor and Beijing Dongfang Jieguan Electronics were found to have provided inaccurate financial information.

Related Topics: Beijing | Business | China | data | Economy | finance | financial | Gadgets & Electronics | punishment | revenue | sales | Sony | statistics | tax | Tsinghua | welfare

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