证券代码：839680 证券简称：*ST 广道 公告编号：2025-052 深圳市广道数字技术股份有限公司 一、公司股票可能被实施重大违法强制退市的风险暨立案调查进展情况 公司于 2024 年 12 月 4 日晚收到中国证券监督管理委员会(以下简称"中国证 监会")出具的《立案告知书》(证监会立案字 007202442 号)，因涉嫌信息披露违 法违规被立案调查。 公司于 2025 年 6 月 13 日收到中国证监会《告知书》，根据收到的《告知 书》认定情况，公司可能触及《北京证券交易所股票上市规则》10.5.1 条规定的 重大违法行为，可能被实施重大违法强制退市。 公司于 2025 年 6 月 13 日公告了公司股票可能被实施重大违法强制退市的 第一次风险提示的公告（公告号：2025-047）。 公司尚未收到就上述立案调查事项的正式处罚决定，公司将全力配合中国证 监会的相关工作,并严格按照相关要求履行信息披露义务。 二、其他说明及风险提示 1、如根据正式的处罚决定书，公司可能触及重大违法强制退市情形，公司 股票将被终止上市。 关于公司股票可能被实施重大违法强制退市的第二次风险提示 公告 本公司及董事会全体成员 ...

Group 1 - The recent regulatory actions against companies like Guangdao Digital and Dongxu Optoelectronics signal a zero-tolerance approach towards financial fraud in the securities market [2][3] - Guangdao Digital was penalized for fabricating contracts and invoices, resulting in a revenue inflation of 1.465 billion yuan, which constituted over 85% of its reported revenue during the period from 2018 to mid-2024 [2] - Dongxu Optoelectronics was found to have fabricated business activities and misappropriated 9.595 billion yuan, leading to a penalty of 378 million yuan, which is only 5% of the raised funds [2][3] Group 2 - The current regulatory penalties are significantly harsher compared to previous years, where fines were typically in the range of 300,000 to 500,000 yuan, indicating a shift towards more stringent enforcement [3] - Despite the increased penalties, there are concerns that the current measures may not fully deter companies from engaging in financial fraud, as the penalties may still be perceived as insufficient relative to the harm caused to investors [3] - To restore investor confidence in the A-share market, it is crucial to enhance the transparency and authenticity of information provided by listed companies, alongside ensuring that investors' interests are adequately protected [4]

Market Overview - On June 19, the total trading volume of stocks on the Beijing Stock Exchange reached 1.384 billion shares, with a total transaction value of 30.423 billion yuan, a decrease of 0.415 billion yuan compared to the previous trading day [1] - Among the tradable stocks, 26 stocks closed higher, accounting for 9.74% of the total, with notable gainers including Kaiteng Gas, Kunming Technology, and Keli Co., which rose by 11.75%, 11.16%, and 7.67% respectively [1][2] - Conversely, 241 stocks closed lower, with *ST Guangdao, Ruqi Intelligent Manufacturing, and Youji Co. experiencing declines of 17.09%, 8.80%, and 8.73% respectively [1][2] Trading Activity - A total of 91 stocks had transaction values exceeding 10 million yuan, with Keli Co., Air China Ocean, and Qifeng Precision Engineering leading in transaction value at 949.67 million yuan, 778.05 million yuan, and 749.55 million yuan respectively [1] - The trading activity indicated that 55 stocks had a turnover rate exceeding 10%, with 20 stocks exceeding 20%. Additionally, 77 stocks had turnover rates between 5% and 10%, while 133 stocks had turnover rates between 1% and 5% [1] Notable Stocks - Keli Co. had a closing price of 59.24 yuan with a turnover rate of 69.18% and a transaction value of 94.57 million yuan [1] - Air China Ocean closed at 12.72 yuan with a turnover rate of 21.58% and a transaction value of 77.81 million yuan [1] - Qifeng Precision Engineering closed at 45.00 yuan with a turnover rate of 32.04% and a transaction value of 74.95 million yuan [1] Summary of Stock Performance - The performance of stocks on the Beijing Stock Exchange showed a mixed trend, with a significant number of stocks experiencing declines while a few managed to achieve notable gains [1][2] - The overall trading environment reflects a cautious sentiment among investors, as evidenced by the decrease in transaction value compared to the previous day [1]

Group 1 - The recent regulatory actions against companies like Guangdao Digital and Dongxu Optoelectronics signal a zero-tolerance approach towards financial fraud in the securities market [1][2] - Guangdao Digital was penalized for fabricating contracts and invoices, resulting in a revenue inflation of 1.465 billion yuan, while Dongxu Optoelectronics misappropriated 9.595 billion yuan in funds [1][2] - The penalties imposed, such as a 10 million yuan fine for Guangdao Digital and a 378 million yuan fine for Dongxu Optoelectronics, are viewed as insufficient compared to the scale of the fraud [2][3] Group 2 - Restoring investor trust in the A-share market is crucial, which requires transparency and authenticity in financial reporting from listed companies [3] - A combination of civil compensation and criminal accountability is necessary to create an effective regulatory and accountability framework [3]

证券代码：839680 证券简称:*ST 广道 公告编号：2025-051 深圳市广道数字技术股份有限公司股票交易异常波动公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带法律责任。 一、股票交易异常波动的具体情况 公司股票最近 2 个有成交的交易日（2025 年 6 月 17 日-2025 年 6 月 18 日）涨跌幅偏离 值累计达到-40.91%，根据《北京证券交易所交易规则（试行）》的有关规定，属于股票交易 异常波动情形。 二、公司关注并核实的相关情况 1、 核实对象： 公司控股股东、实际控制人及一致行动人，持股 5%以上股东，在任的董事、监事及高 级管理人员。 2、 核实方式： 电话询问、口头询问、微信询问等方式。 3、 核实结论： 公司于 2025 年 6 月 13 日收到中国证监会下发的《行政处罚事先告知书》(【2025】12 号)(以下简称"《告知书》")，根据收到的《告知书》认定情况，公司可能触及《北京证券交 易所股票上市规则》10.5.1 条规定的重大违法行为，可能被实施重大违法强制退市。根据《 ...

Core Viewpoint - *ST Guangdao (839680) experienced a significant decline, hitting the daily limit down of -29.92%, with a total trading volume of 6.4241 million yuan and a turnover rate of 3.18% [2] Trading Activity - The stock was listed on the trading board due to its price drop, with a net selling amount of 1.3233 million yuan from brokerage seats [2] - The top five brokerage seats accounted for a total transaction amount of 3.5361 million yuan, with buying amounting to 1.1064 million yuan and selling at 2.4297 million yuan, resulting in a net sell of 1.3233 million yuan [2] - The largest buying brokerage was Huazhong Securities Co., Ltd. with a purchase amount of 291,100 yuan, while the largest selling brokerage was Zheshang Securities Co., Ltd. with a selling amount of 726,100 yuan [2] Historical Performance - Over the past six months, *ST Guangdao has appeared on the trading board seven times, with an average price drop of 3.14% the day after being listed and an average decline of 12.61% in the following five days [2]

Core Viewpoint - Both Dongxu Optoelectronics Technology Co., Ltd. and Shenzhen Guangdao Digital Technology Co., Ltd. have received administrative penalties from regulatory authorities for financial fraud, highlighting the increasing scrutiny and zero-tolerance policy towards financial misconduct in the market [1][4][16]. Group 1: Dongxu Optoelectronics - Dongxu Optoelectronics has been found guilty of false disclosures and fraudulent issuance of shares, with a total of 9.595 billion yuan in non-operating funds misappropriated by its controlling shareholder [5][9]. - The company raised 7.565 billion yuan through a non-public stock issuance, which was based on falsified financial reports from 2015 and 2016, leading to a penalty of 3.9 billion yuan from the Hebei Securities Regulatory Bureau [10][11]. - Dongxu Optoelectronics was officially delisted on October 11, 2024, after its stock price fell below 1 yuan for twenty consecutive trading days [14]. Group 2: Guangdao Digital - Guangdao Digital has been accused of fabricating sales and procurement activities from 2018 to the first half of 2024, resulting in inflated revenues and costs, with a maximum inflation rate of 99.39% in reported figures [6][7]. - The company reported inflated revenues of 1.43 billion yuan in 2018, increasing to 3.04 billion yuan in 2023, leading to a total penalty of 10 million yuan from the Shenzhen Securities Regulatory Bureau [11][12]. - Guangdao Digital is at risk of becoming the first delisted company on the Beijing Stock Exchange due to significant violations, having already received a warning and a special treatment designation [15]. Group 3: Regulatory Environment - The regulatory bodies have demonstrated a strong commitment to enforcing laws against financial fraud, reflecting a broader trend towards stricter oversight and legal compliance in the securities market [16].

Group 1 - The State Council emphasized the need to promote the construction of "good houses" and integrate it into urban renewal mechanisms, providing policy support in planning, land, finance, and other areas to stabilize the real estate market [4][5] - The People's Bank of China announced a 400 billion yuan reverse repurchase operation to maintain liquidity in the banking system, with a term of 182 days [4] - The CSRC released new regulations for algorithmic trading in the futures market to enhance monitoring and risk management [4] Group 2 - The National Development and Reform Commission allocated 80 billion yuan for urban renewal projects, benefiting approximately 1.7 million people [5] - A series of adjustments to A-share indices took effect on June 16, including major indices like the Shanghai Composite and Shenzhen Component [5][6] - Shenzhen is expected to pilot a secondary listing for red-chip stocks, providing a more efficient listing channel for tech companies [6] Group 3 - Global markets experienced significant volatility on June 13 due to escalating geopolitical tensions in the Middle East, with major indices in the US and Europe declining [7] - The Israeli airstrikes have resulted in significant casualties in Iran, further heightening regional tensions [7] Group 4 - GAC Group committed to ensuring the completion of dealer rebates within two months [10] - Kweichow Moutai adjusted its 2024 profit distribution plan, increasing the dividend to 27.673 yuan per share [10] - *ST Guandao faces potential delisting due to financial fraud, with trading suspended for one day [10] Group 5 - Huatai Securities reported that the conflict between Israel and Iran has led to increased oil price volatility [14] - CITIC Securities noted that new models of real estate development will more effectively address structural supply-demand mismatches [15] - The computer industry is expected to maintain a positive trend, with a focus on AI applications and smart vehicles [17]

Core Viewpoint - The company *ST Guangdao (839680.BJ)* is facing significant penalties and potential delisting due to serious financial fraud involving inflated revenue and costs from 2018 to mid-2024, with inflated amounts constituting 83.30% to 99.39% of reported figures [2][3][4]. Financial Fraud Details - The Shenzhen Securities Regulatory Commission has identified that Guangdao Digital systematically inflated its revenue and costs through the creation of false contracts, invoices, and other documents, leading to substantial misrepresentation in financial reports [4][6]. - Specific inflated revenue figures include 143 million, 192 million, 223 million, 249 million, 304 million, 283 million, and 72 million for the years 2018 to mid-2024, representing 87.34% to 99.39% of reported amounts [4]. - Corresponding inflated costs were 65 million, 85 million, 117 million, 133 million, 163 million, 152 million, and 39 million, with similar high percentages of misrepresentation [4]. Regulatory Actions - The Shenzhen Securities Regulatory Commission plans to impose a total fine of 40.5 million yuan on the company and its executives, with the chairman and general manager facing individual fines of 15 million yuan and 5 million yuan respectively [5][6]. - The company may face mandatory delisting due to the severity of the violations, as indicated in the administrative penalty notice [6]. Audit Firm's Responsibility - The auditing firm Zhongshen Huawen has provided unqualified audit opinions for six consecutive years, raising questions about its diligence and potential liability for failing to detect the fraud [3][8]. - Experts suggest that the audit firm may face administrative penalties, civil liabilities, and reputational damage due to its role in the oversight failure [9][10]. Industry Implications - The case highlights systemic risks in financial fraud and weaknesses in audit regulation, prompting calls for enhanced technological measures and stricter enforcement to ensure the integrity of financial reporting [9][11]. - Recommendations include the adoption of electronic confirmations, big data analysis for anomaly detection, and improved accountability mechanisms for audit firms [11].

Core Viewpoint - Shenzhen Guangdao Digital Technology Co., Ltd. (*ST Guangdao) has been found to have engaged in financial fraud by fabricating sales and procurement documents, leading to significant inflation of reported revenue and costs, which may result in severe penalties including potential delisting from the Beijing Stock Exchange [1][3][6] Summary by Sections Company Actions and Findings - *ST Guangdao inflated its revenue by amounts ranging from 71.65 million to 2.49 billion CNY over several years, with the inflated figures constituting up to 99.39% of reported revenue in certain periods [3][4] - The fraudulent activities persisted for six and a half years, indicating a long-term pattern of misconduct [3][6] Regulatory Response - The Shenzhen Securities Regulatory Bureau has proposed a fine of 10 million CNY for the company and 15 million CNY for the chairman and actual controller, Jin Wenming, along with fines for other board members [1][6] - The regulatory body is considering a lifetime ban from the securities market for Jin Wenming and Zhao Lu, the financial head, due to their direct involvement in the fraud [6][8] Independent Directors' Accountability - Independent director An Xiumei, who has been with the company since September 2020, claimed ignorance of the fraudulent activities but failed to provide evidence of due diligence [2][5] - Other independent directors also expressed limited knowledge of the company's operations, yet they signed off on financial reports that contained false information [4][5] Investor Protection Measures - Minmetals Securities has initiated a plan for advance compensation to investors affected by the fraudulent disclosures, proposing a fund of approximately 220 million CNY for this purpose [8][9] - The firm aims to fulfill its responsibilities as a gatekeeper in the securities market and mitigate investor losses resulting from *ST Guangdao's actions [8][9]