当日，*ST高鸿亦发布公告称，公司收到中国证监会下发的《行政处罚事先告知书》(以下简称《告知 书》)。根据《告知书》认定的事实，公司2020年非公开发行股票构成欺诈发行、2015年至2023年年度 报告存在虚假记载，将触及重大违法强制退市情形，可能被实施重大违法强制退市。 近日，证监会对*ST高鸿涉嫌信息披露违法违规行为依法作出行政处罚事先告知。经查，*ST高鸿长期 开展无商业实质的笔记本电脑等"空转""走单"业务，大幅虚增收入和利润，违反证券法律法规。证监会 拟对相关责任主体罚款1.6亿元，对配合造假的第三方罚款700万元。 *ST高鸿涉嫌触及重大违法强制退市情形，深交所将依法启动退市程序。对于可能涉及的犯罪线索，证 监会将坚持应移尽移的工作原则，严格按照《刑法》《最高人民检察院公安部关于公安机关管辖的刑事 案件立案追诉标准的规定(二)》的规定移送公安机关。 据中国证监会网站8月8日消息，证监会严肃查处贵州辖区深交所主板上市公司大唐高鸿网络股份有限公 司(以下简称"*ST高鸿（000851）")严重财务造假案件。 ...

证券代码：000851 证券简称：*ST 高鸿 公告编号：2025-086 大唐高鸿网络股份有限公司 关于公司股票被叠加实施退市风险警示的公告 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，不存在虚假记载、 误导性陈述或者重大遗漏。 2025 年 8 月 8 日，公司收到中国证券监督管理委员会下发的《行政处罚事先告 知书》处罚字〔2025〕62 号。主要内容如下： （一）高鸿股份通过参与、组织开展虚假贸易业务的方式虚增收入和利润，2015 年至 2023 年年度报告存在虚假记载 特别提示： 1.大唐高鸿网络股份有限公司(以下简称"公司")，因涉嫌信息披露违法违规， 被中国证券监督管理委员会(以下简称"中国证监会")立案调查。公司于 2025 年 8 月 8 日收到中国证监会下发的《行政处罚事先告知书》(以下简称"《告知书》")。根 据《告知书》认定的事实，公司 2020 年非公开发行股票构成欺诈发行、2015 年至 2023 年年度报告存在虚假记载，将触及《深圳证券交易所股票上市规则》第 9.5.1 条第一 项、第 9.5.2 条第一款第（六）项规定的重大违法强制退市情形，可能被实施重大违 法强制退市 ...

Core Viewpoint - *ST Gaohong (000851.SZ) is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, which may lead to significant penalties including mandatory delisting of its shares [1] Summary by Relevant Sections - **Investigation Details** - The company received an administrative penalty notice from the CSRC on August 8, 2025, regarding its non-public stock issuance in 2020, which is deemed fraudulent [1] - The annual reports from 2015 to 2023 are found to contain false records, which may trigger major violations under the Shenzhen Stock Exchange listing rules [1] - **Potential Consequences** - The company may face mandatory delisting if the formal penalty decision confirms the findings of major violations [1] - The specific provisions of the Shenzhen Stock Exchange rules that may apply include Article 9.5.1 and Article 9.5.2, which outline conditions for significant legal violations leading to delisting [1]

*ST高鸿（000851）(000851.SZ)公告，公司因涉嫌信息披露违法违规，被中国证监会立案调查。公司于 2025年8月8日收到中国证监会下发的《行政处罚事先告知书》。根据《告知书》认定的事实，公司2020 年非公开发行股票构成欺诈发行、2015年至2023年年度报告存在虚假记载，将触及《深圳证券交易所股 票上市规则》第9.5.1条第一项、第9.5.2条第一款第(六)项规定的重大违法强制退市情形，可能被实施重 大违法强制退市。如根据正式的处罚决定书结论，公司触及重大违法强制退市情形，公司股票将被终止 上市。 ...

Core Viewpoint - The company *ST Gao Hong is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, which may lead to significant penalties including potential delisting of its stock [1] Group 1: Investigation and Allegations - The company has received an administrative penalty notice from the CSRC regarding its 2020 non-public stock issuance, which is deemed fraudulent [1] - Annual reports from 2015 to 2023 are reported to contain false records, potentially triggering major violations that could result in mandatory delisting [1] Group 2: Company Response - The company has stated it will fully cooperate with the CSRC's investigation and will strictly adhere to information disclosure obligations [1]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued a notice of administrative penalty against *ST Gaohong (000851.SZ) for suspected violations of information disclosure laws, involving significant financial misconduct [1] Summary by Relevant Sections Regulatory Actions - CSRC has proposed a fine of 160 million yuan for the responsible parties involved in the misconduct and an additional 7 million yuan for third parties that facilitated the fraud [1] Company Operations - *ST Gaohong has been engaged in non-substantive business activities, such as "empty transfers" and "fake orders" related to notebook computers, which have led to a substantial inflation of revenue and profits, violating securities laws [1] Potential Consequences - The company is suspected of triggering conditions for mandatory delisting due to serious violations, prompting the Shenzhen Stock Exchange to initiate delisting procedures [1] - CSRC will transfer any criminal evidence to law enforcement agencies in accordance with relevant legal standards [1]

证监会一纸罚单震动资本市场！上市公司*ST高鸿因严重财务造假+欺诈发行，被重罚1.6亿元，同时面 临强制退市，第三方帮凶领罚700万元，这场监管风暴才刚刚开始—— 0:00 【重罚核心】 上市公司*ST高鸿：领罚1.35亿元； 董事长、时任总经理付景林：750万罚款+10年市场禁入； 关键帮凶江庆：作为第三方虚假贸易操盘手，被处700万罚款+10年禁入（处罚力度直逼上市公司掌门 人）； 配合造假第三方处罚力度加大，证监会正推动三记重拳： 争取立法赋予直接处罚权； 推动政府部门之间"齐抓共管"； 通报配合造假第三方黑名单。 特殊身份：*ST高鸿案成为今年配合造假第三方行政处罚第二例，距首例案发仅隔2个月！ 【终极审判】 深交所启动强制退市：*ST高鸿27年上市历程即将终结； 主要责任人移送公安机关； 【监管重拳升级】 从上市公司到第三方帮凶，监管利剑已无死角！ ...

Core Viewpoint - *ST Gaohong is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, which may lead to forced delisting due to fraudulent issuance of shares and false records in annual reports from 2015 to 2023 [1][1][1] Summary by Relevant Sections - **Investigation Details** - The company received an administrative penalty notice from the CSRC on August 8, 2025, regarding its non-public stock issuance in 2020, which is classified as fraudulent [1] - The annual reports from 2015 to 2023 contain false records, potentially triggering major violations under the Shenzhen Stock Exchange listing rules [1] - **Potential Consequences** - The company may face forced delisting if the formal penalty decision confirms the major violations [1] - According to the Shenzhen Stock Exchange listing rules, if the company is found to have committed major violations, its stock will be terminated from listing [1] - **Company's Response** - The company will fully cooperate with the CSRC's investigation and the final outcome will depend on the formal penalty decision issued by the CSRC [1] - Investors are advised to pay attention to subsequent announcements and remain cautious regarding investment risks [1]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has imposed a hefty fine of 160 million yuan on *ST Gaohong for serious financial fraud and fraudulent issuance, marking a significant regulatory crackdown on corporate misconduct [1][2][9]. Group 1: Penalties and Consequences - *ST Gaohong was fined 135 million yuan, while nine responsible executives faced fines ranging from 750,000 to 7.5 million yuan [1][9]. - The chairman and former general manager, Fu Jinglin, received the highest penalty of 7.5 million yuan and a 10-year market ban [1][9]. - The company is likely to face mandatory delisting due to severe violations, with the Shenzhen Stock Exchange initiating delisting procedures [2][10]. Group 2: Criminal Implications - *ST Gaohong and its key responsible individuals will be referred to law enforcement for potential criminal prosecution, indicating a shift towards stricter enforcement against corporate fraud [3][10]. Group 3: Role of Third Parties - The case highlights the involvement of third parties in facilitating fraud, specifically Jiang Qing, the actual controller of Nanjing Qingya Trading Co., who was fined 7 million yuan and banned from the market for 10 years [5][11]. - The regulatory trend is shifting towards punishing third parties involved in corporate fraud, with the CSRC aiming to strengthen its authority to impose administrative penalties on these entities [5][12][13]. Group 4: Fraud Mechanisms - The primary method of fraud involved fictitious trade activities, with Nanjing Qingya orchestrating these operations, creating a closed loop of funds and contracts without actual goods being exchanged [7][8]. - *ST Gaohong also engaged in similar fraudulent activities through its subsidiaries, although on a smaller scale compared to the third-party operations [7][8]. Group 5: Regulatory Trends - The CSRC is actively working on regulatory reforms to enhance the punishment of third parties involved in fraud, including the introduction of new regulations to clarify its authority [12][13]. - The recent surge in criminal cases against listed companies reflects a broader trend of heightened regulatory scrutiny and enforcement in the market [10].

Core Viewpoint - Company *ST Gao Hong (000851.SZ) is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, which may lead to significant penalties including forced delisting [1] Summary by Relevant Sections - **Investigation and Allegations** - The company received an administrative penalty notice from the CSRC on August 8, 2025, indicating that its non-public stock issuance in 2020 constituted fraudulent issuance [1] - Annual reports from 2015 to 2023 were found to contain false records, which could trigger major violations under the Shenzhen Stock Exchange listing rules [1] - **Potential Consequences** - The company may face forced delisting due to the serious violations identified, as per the Shenzhen Stock Exchange listing rules [1] - Following the imposition of risk warnings, the company's stock will continue to be labeled as "*ST Gao Hong" with the same security code "000821" [1] - The daily price fluctuation limit for the stock remains at 5% even after the risk warning is applied [1]