Core Viewpoint - *ST Dongtong (300379.SZ) is facing potential delisting from the Shenzhen Stock Exchange due to false disclosures in its annual reports from 2019 to 2022, which violate the listing rules of the ChiNext board [1][2]. Summary by Sections Company Financial Misconduct - The company has been found to have falsely reported revenues and profits over the years 2019 to 2022, with inflated revenues of CNY 614.51 million, CNY 848.51 million, CNY 1.255 billion, and CNY 1.605 billion respectively [3]. - The inflated profits for the same years were CNY 522.28 million, CNY 587.74 million, CNY 794.82 million, and CNY 1.2369 billion, with the 2022 inflated profit accounting for 219.43% of the reported total profit for that year [3][4]. - Cumulatively, the company inflated its revenues by CNY 432 million and profits by CNY 314 million from 2019 to 2022 [4]. Regulatory Actions - The China Securities Regulatory Commission (CSRC) has issued a notice indicating a proposed fine of CNY 229 million for the company and a total of CNY 44 million for seven responsible individuals, with the actual controller facing a 10-year ban from the securities market [7]. - The company has the right to request a hearing or submit written statements regarding the delisting decision, with failure to do so resulting in automatic forfeiture of rights [2]. Market Impact - Following the announcement of potential delisting, *ST Dongtong's stock experienced a 7.86% increase in value on the day before the suspension, with a trading volume of CNY 493 million [7]. - As of September 2025, the company had 45,869 shareholders, indicating a significant retail investor base [7]. Company Background - *ST Dongtong, listed in 2014, is recognized as a pioneer in middleware solutions in China, providing various digital products and services [8].

Core Viewpoint - *ST Dongtong (300379.SZ) is facing potential delisting from the Shenzhen Stock Exchange due to false disclosures in its annual reports from 2019 to 2022, which violate the listing rules of the Growth Enterprise Market [1][2][3] Financial Misconduct - The company inflated its revenue by 61.45 million, 84.85 million, 125.51 million, and 160.53 million in the years 2019 to 2022 respectively [2] - The inflated profits for the same years were 52.23 million, 58.77 million, 79.48 million, and 123.69 million, with the 2022 inflated profit amounting to 219.43% of the reported total profit for that year [2] - Cumulatively, from 2019 to 2022, the company inflated its revenue by 432 million and profits by 314 million [3] Regulatory Actions - The China Securities Regulatory Commission (CSRC) has issued a notice proposing a fine of 229 million against the company and a total of 44 million against seven responsible individuals, with a 10-year market ban for the actual controller [3] - The company is also at risk of being subjected to mandatory delisting due to serious violations of laws [3][4] Business Practices - The company engaged in financial fraud by acquiring 100% of Beijing Taice Technology Co., Ltd. in December 2018 and subsequently using it to fabricate business and prematurely recognize revenue [3] - The former chairman and general manager of *ST Dongtong, Huang Yongjun, was aware of and allowed the inflation of revenue and profits [3]

*ST东通（300379）(300379.SZ)今日公告称，公司于2025年11月26日收到深圳证券交易所下发的《事先 告知书》，拟决定终止公司股票上市交易。 《告知书》指出，*ST东通在2019年至2022年分别虚增收入6145.10万元、8485.06万元、12550.58万元、 16052.95万元；2019年至2022年分别虚增利润5222.79万元、5877.42万元、7948.22万元、12369.20万 元，其中2022年虚增利润金额占公司当期披露利润总额的219.43%。 记者估算，*ST东通在2019年至2022年期间，累计虚增收入4.32亿元，虚增利润3.14亿元。 与此同时，2023年6月*ST东通完成定增募集资金总额约22亿元。本次定增中*ST东通披露的《募集说明 书》引用了公司2019年至2021年年度报告中营业收入、利润总额等虚假财务数据，在公告的证券发行文 件中编造重大虚假内容。 《告知书》同步披露了*ST东通涉嫌财务造假的手法：2018年12月，*ST东通收购北京泰策科技有限公 司（以下简称"泰策科技"）100%股权，泰策科技成为东方通全资子公司。随后*ST东通通过泰策科技虚 ...

格隆汇11月26日丨*ST东通（维权）(300379.SZ)公布，收到深圳证券交易所下发的《事先告知书》，拟 决定终止公司股票上市交易。公司收到中国证券监督管理委员会北京监管局作出的《行政处罚决定 书》。根据该《行政处罚决定书》载明的事实，公司2019年至2022年年度报告信息披露存在虚假记载。 公司触及本所《创业板股票上市规则（2025年修订）》第10.5.1条第一项、第10.5.2条第一款第六项规定 的股票终止上市情形，本所拟决定终止公司股票上市交易。 登录新浪财经APP 搜索【信披】查看更多考评等级 ...

Group 1: Company Developments - *ST Dongtong has been penalized by the China Securities Regulatory Commission for false disclosures in annual reports from 2019 to 2022, which may lead to forced delisting of its shares starting November 26, 2025 [1] - The company was previously under investigation for suspected false financial data in its periodic reports, with a warning of significant legal violations that could result in delisting [1] Group 2: Market Activity - *ST Dongtong's stock experienced significant trading activity, with a surge in price due to speculative buying, reaching a limit up on November 19 and again on November 20, followed by a 7.86% increase on the following day [3] - The net buying amount from major brokerage firms was 1.4 million yuan, indicating strong interest from retail investors [3] Group 3: Industry Trends - Huawei launched the Mate X7, which features the first commercial use of A2A intelligent agent collaboration technology, enabling complex tasks through a single command, enhancing the capabilities of AI applications [4] - The AI industry is expected to see significant catalysts in 2026, including the production of next-generation GPUs and new large models from major tech companies, which may drive a new wave of smartphone upgrades [5] Group 4: Stock Performance - Over 200 AI intelligent agent concept stocks have been tracked, with 17 stocks seeing price increases exceeding 100% this year, led by Pinming Technology with a 648.82% rise [6] - Institutional interest has surged, with companies like Zhongkong Technology and Lingzhi Software receiving significant attention from investors, indicating a strong market focus on AI applications [7][8]

Group 1 - *ST Dongtong has been penalized by the China Securities Regulatory Commission for false disclosures in annual reports from 2019 to 2022, which may lead to forced delisting of its stock starting November 26, 2025 [1] - The company was previously under investigation for suspected false reporting and has received a notice of administrative penalty regarding fraudulent issuance of shares [1] - The stock has been subject to speculation, with significant trading activity noted, including a net buying amount of 1.4 million yuan on November 19 and 20 [3] Group 2 - Huawei has launched the Mate X7, which features the first commercial use of A2A intelligent agent collaboration technology, enabling complex tasks through a single command [4] - The AI industry is expected to see significant catalysts in 2026, including the release of new GPUs and AI models, which may drive a new wave of smartphone upgrades [5] - Over 200 AI intelligent agent concept stocks have been identified, with 17 stocks seeing over 100% price increases this year, highlighting the growing interest and investment in this sector [6]

11月25日晚，*ST东通发布《关于收到行政处罚决定书的公告》及《关于公司股票停牌暨可能被终止上 市的风险提示公告》，确认公司因长期系统性财务造假及欺诈发行，收到中国证券监督管理委员会北京 监管局《行政处罚决定书》。 公司股票将于11月26日开市起停牌，面临被深交所终止上市的重大风险。 财务造假手段恶劣 根据《行政处罚决定书》查明的事实，*ST东通的违法事实主要集中在两个方面：一是连续4年年度报 告信息披露存在虚假记载；二是证券发行文件编造重大虚假内容。 经查，2018年12月，东方通收购北京泰策科技有限公司(下称"泰策科技")100%股权，泰策科技成为东方 通全资子公司。2019年至2022年期间，*ST东通通过泰策科技虚构业务、提前确认收入等方式，虚增收 入、利润，导致东方通披露的2019年至2022年年度报告存在虚假记载。 具体来看，*ST东通的财务造假规模逐年扩大：从虚增收入看，2019年至2022年，公司分别虚增收入 6145.10万元、8485.06万元、12550.58万元、16052.95万元，分别占公司当期披露营业收入的12.29%、 13.25%、14.54%、17.68%。 从虚增利润看 ...

Core Viewpoint - *ST Dongtong has been penalized by the China Securities Regulatory Commission (CSRC) for long-term systematic financial fraud and fraudulent issuance, leading to a significant risk of being delisted from the Shenzhen Stock Exchange [2][3]. Financial Fraud Details - The company engaged in severe financial fraud, which included false disclosures in annual reports for four consecutive years and fabricating significant false content in securities issuance documents [4]. - From 2019 to 2022, *ST Dongtong inflated its revenue by amounts of 61.45 million, 84.85 million, 125.51 million, and 160.53 million, which represented 12.29%, 13.25%, 14.54%, and 17.68% of the reported revenue for those years, respectively [4]. - The inflated profits during the same period were 52.23 million, 58.77 million, 79.48 million, and 123.69 million, accounting for 34.11%, 22.72%, 30.35%, and 219.43% of the reported total profits [4]. Fraudulent Issuance - The company’s fraudulent activities also included issuing stocks based on false financial data from 2019 to 2021, which facilitated a successful fundraising of 2.2 billion yuan through a targeted issuance [5]. Regulatory Actions - The Beijing Securities Regulatory Bureau imposed a total fine of 273 million yuan on the company and related responsible individuals for these serious violations [6]. - The company was fined 229 million yuan in total, which included 9 million yuan for information disclosure violations and 220 million yuan for fraudulent issuance [7]. - The former chairman, general manager, and actual controller, Huang Yongjun, received a warning and a combined fine of 26.5 million yuan, along with a 10-year ban from the securities market [7].

本文字数：1110，阅读时长大约2分钟 据证券时报，11月25日，*ST东通(300379.SZ)公告称，公司收到中国证券监督管理委员会北京监管局下 发的《行政处罚决定书》，认定公司2019年至2022年年度报告信息披露存在虚假记载，同时构成欺诈发 行。该行为触及《创业板股票上市规则》规定的重大违法强制退市情形，公司股票可能被终止上市。根 据相关规定，公司股票自2025年11月26日起停牌。 *ST东通及相关当事人在9月12日收到中国证监会下发的《行政处罚事先告知书》（简称"《告知 书》"），告知书称公司2019年至2022年度报告存在虚假记载、公司2022年向特定对象发行股票构成欺 诈发行。 2025.11.25 《告知书》指出，*ST东通在2019年至2022年分别虚增收入6145.10万元、8485.06万元、12550.58万元、 16052.95万元；2019年至2022年分别虚增利润5222.79万元、5877.42万元、7948.22万元、12369.20万 元，其中2022年虚增利润金额占公司当期披露利润总额的219.43%。 据估算，*ST东通在2019年至2022年期间，累计虚增收入4.3 ...

*ST东通可能被终止上市。 《告知书》指出，*ST东通在2019年至2022年分别虚增收入6145.10万元、8485.06万元、12550.58万元、 16052.95万元；2019年至2022年分别虚增利润5222.79万元、5877.42万元、7948.22万元、12369.20万元，其 中2022年虚增利润金额占公司当期披露利润总额的219.43%。 记者估算，*ST东通在2019年至2022年期间，累计虚增收入4.32亿元，虚增利润3.14亿元。 11月25日，*ST东通(300379.SZ)公告称，公司收到中国证券监督管理委员会北京监管局下发的《行政处罚 决定书》，认定公司2019年至2022年年度报告信息披露存在虚假记载，同时构成欺诈发行。该行为触及 《创业板股票上市规则》规定的重大违法强制退市情形，公司股票可能被终止上市。根据相关规定，公司 股票自2025年11月26日起停牌。 *ST东通及相关当事人在9月12日收到中国证监会下发的《行政处罚事先告知书》（简称"《告知书》"）， 告知书称公司2019年至2022年度报告存在虚假记载、公司2022年向特定对象发行股票构成欺诈发行。 与此同时，20 ...