Two home furnishing enterprises withdrew from the market one after another due to difficult labor and false income in the annual report

On May 10, according to the delisting announcement recently issued by Rongyi, Rongyi failed to disclose the 2021 semi annual report within the specified time, and the national small and medium-sized enterprise share transfer system Co., Ltd. decided to terminate the listing of Rongyi.

After the delisting period, the listing of the company's shares will be terminated from may6,2022. This is another home furnishing enterprise that recently delisted after Xinyi shares.

According to the investigation, Guangdong Rongyi home was founded in 1998 and listed on the new third board in 2016. The legal representative of the company, lijinyi, whose production base is located in Dongguan, Guangdong Province, is mainly engaged in R & D, design, manufacturing and sales of customized panel wood combined furniture and solid wood furniture, including domestic sales and export. The product styles are European classical, neoclassical, new Chinese and other types of customized furniture for high-end hotels, villas and clubs, home decoration and related Internet products.

In April this year, Xinyi shares were delisted due to false increase in operating income in 2018 and 2019. The company, formerly known as Chongqing Siwei Ceramics Co., Ltd., was listed on the Shanghai Stock Exchange on September 23, 1999. The main business includes self-produced and self sold ceramic products, composite bathtubs, plastic products, enamel products, sales of general machinery, instruments and meters, decorative materials, hardware accessories and kitchen equipment.