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What is the motivation of Kangmei Pharmaceutical's accounting fraud?
The motivation of Kangmei Pharmaceutical's accounting fraud is the result of profit-driven.

Kangmei Pharmaceutical Co., Ltd., referred to as Kangmei Pharmaceutical. 1997, founded by private entrepreneur Mr. Ma Xingtian, is located in Puning City, Guangdong Province, formerly known as "Guangdong Kangmei Pharmaceutical Co., Ltd.". In 2000, the share reform began. It is one of the large-scale private pharmaceutical enterprises integrating pharmaceutical supply and marketing, Chinese herbal pieces, Chinese herbal medicines and medical devices.

The company passed the share-trading reform. 2065438+On the evening of February 28th, 2008, Kangmei Pharmaceutical announced that it had received the notice of filing an investigation by China Securities Regulatory Commission. 2065438+200910.2, Kangmei Pharmaceutical opened at the limit. As of the 2nd 10, the price was 8.29 yuan, and more than 400,000 lots were closed at the daily limit, with the turnover exceeding 60 million yuan.

2065438+On April 30th, 2009, Kangmei Pharmaceutical released accounting errors of nearly 30 billion. May 1 sent an apology letter to shareholders. 2065438+May 2009 17, the CSRC informed Kangmei Pharmaceutical that its financial report was fraudulent and was suspected of making false statements and other illegal acts. 2065438+May 2, 20091day, Kangmei Pharmaceutical Co., Ltd. took the initiative to change to "ST Kangmei".

On May 4, 2020, 14, the CSRC issued a decision on the punishment and prohibition of Kangmei Pharmaceutical, and decided to order Kangmei Pharmaceutical to make corrections, give a warning, impose a fine of 600,000 yuan, impose a fine of 900,000 yuan to100,000 yuan on 2/kloc-0, and ban six major responsible persons from the securities market/kloc-0.

The corporate culture of Kangmei Pharmaceutical;

Since its establishment, Kangmei Pharmaceutical has been shouldering the responsibility and sacred mission of promoting traditional Chinese medicine and creating the cause of human life and health. Adhere to the idea that discovery is the only way to invention and invention is the only way to development, and devote ourselves to the innovative development of western medicine research and development, biotechnology and modern Chinese medicine.

Innovation can create, and creation can start a business. Kangmei integrates philosophical wisdom into corporate culture, cultivates corporate ideas with innovative spirit, and promotes career development with scientific creation. Honesty is the only way to be honest, and honesty is the only way to succeed. Adults can achieve their goals. Kangmei people deeply realize that only by realizing human health and social harmony can they succeed in Kangmei's career.