Group 1 - The company, Anhui Sierte Fertilizer Co., Ltd., will hold an online performance briefing for the first half of 2025 on September 11, 2025, from 15:00 to 17:00 [1][3] - The purpose of the briefing is to enhance communication with investors and provide insights into the company's production and operational status [1] - Key personnel attending the briefing include the Chairman and General Manager Yuan Qirong, CFO Zhao Hongliang, Secretary of the Board Wu Changhao, and Independent Director Zhu Keliang [1] Group 2 - The company is inviting investors to submit questions in advance to ensure the briefing addresses common concerns and suggestions [2] - Investors can submit their questions through the "Interactive Easy" platform under the "Cloud Interview" section [2]

Group 1 - The company, Anhui Sierte Fertilizer Co., Ltd., will hold an online performance briefing for the first half of 2025 on September 11, 2025, to enhance communication with investors [1][2] - The briefing will feature key personnel including the Chairman and General Manager, Mr. Yuan Qirong, and the Chief Financial Officer, Mr. Zhao Hongliang [1] - Investors are encouraged to submit questions in advance through the "Interactive Easy" platform to ensure the briefing addresses common concerns [2] Group 2 - The company's half-year report for 2025 was disclosed on August 30, 2025, on the Giant Tide Information Network [1] - The company aims to provide a comprehensive understanding of its production and operational status during the briefing [1] - The announcement emphasizes the importance of investor participation and feedback for improving communication [2]

安徽省司尔特肥业股份有限公司公告 证券代码：002538 证券简称：司尔特 公告编号：2025-25 安徽省司尔特肥业股份有限公司 关于举行 2025 年半年度业绩网上说明会的公告 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，对公告的虚 假记载、误导性陈述或者重大遗漏负连带责任。 安徽省司尔特肥业股份有限公司（以下简称"公司"）2025年半年度报告已 于2025年8月30日在巨潮资讯网上披露。为了更好地与广大投资者进行交流，使 投资者能够进一步了解公司的生产经营情况，公司将于2025年9月11日（星期四） 15：00–17：00举行2025年半年度业绩网上说明会，本次业绩说明会将采用网络 远 程 方 式 召 开 ， 投 资 者 可 登 录 深 圳 证 券 交 易 所 " 互 动 易 " 平 台 （http://irm.cninfo.com.cn），进入"云访谈"栏目参与本次说明会。 出席本次半年度业绩网上说明会的人员有：公司董事长、总经理袁其荣先生、 财务总监赵宏亮先生、董事会秘书吴昌昊先生、独立董事朱克亮先生。 为充分尊重投资者、提升交流的针对性，现就公司本次说明会提前向投资者 征集相关问题，广泛 ...

Core Viewpoint - Anhui Sierte Fertilizer Co., Ltd. is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, which may be linked to financial fraud and embezzlement incidents involving its wholly-owned subsidiary [1][3][4] Group 1: Investigation and Regulatory Actions - The CSRC has formally initiated an investigation against Sierte, as indicated by the notice received on September 1, 2025 [3] - The company has previously faced regulatory scrutiny from the Anhui Securities Regulatory Bureau, which identified inaccuracies in financial reporting due to non-compliance with accounting standards from 2021 to 2023 [5] - Sierte has committed to cooperating with the CSRC during the investigation and will fulfill its information disclosure obligations [4][6] Group 2: Financial Performance - For the first half of 2025, Sierte reported a revenue of 2.183 billion yuan, reflecting a year-on-year increase of 7.15%, primarily driven by higher sales of phosphate fertilizers [7] - However, the net profit decreased by 43.60% to 95.18 million yuan, attributed to soaring raw material costs, particularly for sulfur and potassium fertilizers [7] - The company is aware of potential civil liabilities due to investor losses stemming from the alleged information disclosure violations [7]

Core Viewpoint - The company Sierte (002538.SZ) is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, which has led to significant concerns regarding its financial reporting and governance [1][4][9]. Group 1: Investigation and Allegations - On September 1, the company received a notice from the CSRC regarding the initiation of an investigation due to suspected information disclosure violations [1][4]. - The investigation is linked to allegations of internal misconduct involving the company's audit department, specifically concerning the actions of Huang Xili, the deputy head of the audit department, who is suspected of embezzlement [1][4][6]. - The CSRC's investigation is speculated to be related to previous disclosures about internal fraud, with the company acknowledging potential fictitious transactions affecting its financial statements [4][5]. Group 2: Financial Performance and Reporting Issues - In the first half of 2025, the company reported revenues of 2.183 billion yuan, a year-on-year increase of approximately 7%, but the net profit attributable to shareholders fell by 43.60% to 95 million yuan [1][10]. - The company’s financial reports have been questioned, with two board members explicitly stating they cannot guarantee the authenticity of the reports due to ongoing investigations and potential undisclosed fraudulent activities [2][9]. - The company has faced scrutiny for its financial practices from the Anhui Securities Regulatory Bureau, which identified issues with the authenticity of business operations and cost accounting that do not comply with accounting standards [5][9]. Group 3: Market Reaction - Following the announcement of the CSRC's investigation, the company's stock price dropped by 7.71% on September 2, indicating market concerns over the implications of the investigation [3][7].

Core Viewpoint - The company Sierte (002538.SZ) is under investigation for information disclosure violations, leading to a significant drop in its stock price and raising concerns about its financial integrity [2][3]. Group 1: Investigation and Regulatory Actions - The China Securities Regulatory Commission (CSRC) has decided to investigate Sierte for suspected violations of information disclosure laws [2]. - Following the announcement, Sierte's stock price fell by 7.71%, closing at 5.03 yuan per share, with a total market capitalization of 4.293 billion yuan [2]. - The company has previously issued non-standard opinions on its 2023 and 2024 annual reports due to potential fictitious transactions affecting its financial statements [2][3]. Group 2: Financial Performance and Anomalies - In the first half of 2025, Sierte reported total revenue of 2.183 billion yuan, a year-on-year increase of 7.15%, but its net profit decreased by 43.60% to 95 million yuan [6]. - The company has experienced significant fluctuations in its financial performance, with a net profit decline of 75.79% in 2023, adjusted to 131 million yuan from an initial 1.22 billion yuan [5]. - The company's total assets as of June 30, 2025, were 6.326 billion yuan, a decrease of 0.92% from the beginning of the year [7]. Group 3: Management and Internal Issues - Allegations against former management personnel, including Huang Xili, involve embezzlement and fraudulent activities that have led to significant financial discrepancies [3][4]. - The company has indicated that the ongoing investigation may further impact its financial statements, necessitating potential adjustments based on the final conclusions of the investigation [3][4]. - Independent directors have expressed concerns regarding the authenticity of the company's financial reports due to the unresolved nature of the embezzlement case [5].

Core Viewpoint - The company Si Er Te (002538.SZ) is under investigation for information disclosure violations, leading to a significant drop in its stock price and raising concerns about its financial integrity and management practices [2][3][4]. Group 1: Investigation and Regulatory Actions - The company announced on September 1 that it is under investigation by the China Securities Regulatory Commission (CSRC) for suspected information disclosure violations [2]. - Following the announcement, the company's stock price fell by 7.71%, closing at 5.03 yuan per share, with a total market capitalization of 4.293 billion yuan [3]. - The investigation is linked to allegations of financial misconduct by former management, specifically Huang Xili, who is suspected of embezzling company funds through fictitious transactions [4][5]. Group 2: Financial Performance and Reporting Issues - The company reported a 43.60% year-on-year decline in net profit for the first half of 2025, with a net profit of 95 million yuan [8]. - In the first half of 2025, total revenue was 2.183 billion yuan, reflecting a 7.15% increase year-on-year, but operating profit decreased by 40.92% [8]. - The company has faced significant scrutiny regarding its financial statements, with independent directors expressing doubts about the authenticity of the 2023 semi-annual report and the 2024 annual report, both of which received non-standard audit opinions [6][7]. Group 3: Impact of Management Misconduct - The alleged misconduct by former management has led to significant discrepancies in financial reporting, particularly affecting the financial statements of a key subsidiary, Guizhou Lufang Industrial Co., Ltd. [5]. - The company has indicated that the ongoing investigation may lead to further adjustments in previously reported financial data as the extent of the misconduct is still being determined [4][5]. - The financial irregularities have resulted in a volatile performance, with net profit for 2023 adjusted to a decline of 75.79% compared to previous reports [7].

Core Points - The company Sierte (002538.SZ) has been investigated for information disclosure violations, leading to a significant drop in its stock price by 7.71% to 5.03 CNY per share, with a total market value of 4.293 billion CNY [1] - The investigation is linked to allegations of financial misconduct by former management, specifically Huang Xili, who is suspected of embezzling company funds through fictitious transactions [2][3] - The company's financial performance has been volatile, with a 43.60% year-on-year decline in net profit for the first half of 2025, despite a 7.15% increase in total revenue [5] Financial Performance - In the first half of 2025, Sierte reported total revenue of 2.183 billion CNY, with operating profit down by 40.92% to 126 million CNY and total profit down by 40.81% to 124 million CNY [5] - The net profit for the first half of 2025 was 95 million CNY, reflecting a 43.60% decrease compared to the previous year [5] - The company's total assets as of June 30, 2025, were 6.326 billion CNY, a decrease of 0.92% from the beginning of the year, while net assets were 5.306 billion CNY, down 0.11% [5] Audit and Compliance Issues - The company has faced continuous audit challenges, with its annual reports for 2023 and 2024 receiving non-standard opinions due to unresolved investigations into the alleged misconduct [4] - Two independent directors abstained from voting on the 2025 semi-annual report, citing concerns over the accuracy and completeness of the financial statements due to ongoing investigations [4] - The company has indicated that the financial impact of the alleged misconduct may expand as investigations continue, necessitating potential adjustments to past financial statements [2][3]

Company Investigation - Anhui Sierte Fertilizer Co., Ltd. received a notice of investigation from the China Securities Regulatory Commission (CSRC) on September 1, 2025, due to suspected violations of information disclosure laws [3][4] - The CSRC decided to initiate an investigation based on the Securities Law and the Administrative Penalty Law of the People's Republic of China [3] Financial Reporting Issues - The company has previously disclosed significant issues in its financial reporting, particularly related to its wholly-owned subsidiary, Guizhou Lufa Industrial Co., Ltd., which was found to have engaged in false labor engineering business and improper cost accounting from 2021 to 2023 [4][8] - The company has been ordered to correct these issues and improve internal controls to prevent future occurrences [8] Recent Financial Performance - For the first half of 2025, the company reported a revenue of 2.186 billion yuan, a year-on-year increase of 7.15%, but the net profit attributable to shareholders decreased by 41.96% to approximately 95.18 million yuan [15][16] - The net profit after deducting non-recurring gains and losses also saw a decline of 42.47% [15][16] Audit and Compliance - The company has been actively cooperating with the CSRC during the investigation and has committed to timely information disclosure as per legal and regulatory requirements [4] - The board of directors expressed concerns regarding the accuracy of the 2025 semi-annual report due to ongoing investigations related to potential financial misconduct [13] Historical Financial Adjustments - The company has made retrospective adjustments to its financial statements for the years 2021 to 2023, correcting various accounting errors that affected its reported financial position [15][17][18] - Specific adjustments included changes to long-term deferred expenses and total assets, reflecting a more accurate financial picture [17][18]

Core Viewpoint - The company Si Er Te (司尔特) is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, which may impact its financial statements and operations [2][3]. Company Summary - Si Er Te has received a notice of investigation from the CSRC due to alleged information disclosure violations, and the company claims that its production and operations remain normal [2]. - The company has indicated that the investigation could lead to adjustments in its financial data for previous years, depending on the outcomes of the regulatory review [2]. - In April 2023, the Anhui Securities Regulatory Bureau had already issued a corrective order to Si Er Te for inaccuracies in its financial reporting related to its subsidiary's operations [2]. Financial Performance - In the first half of 2025, Si Er Te reported a revenue of 2.183 billion yuan, representing a year-on-year increase of 7.15%, while its net profit attributable to shareholders decreased by 43.6% to 95.18 million yuan, indicating a "revenue growth without profit increase" situation [3][4]. - The company faced rising costs due to increased prices of raw materials such as sulfur and potassium, which negatively impacted its profit margins [4]. Industry Context - The increase in international sulfur prices and domestic procurement costs for sulfur and sulfuric acid has significantly raised the production costs for phosphate fertilizers, leading to a decline in gross margins for companies in the sector [4]. - Analysts have noted that fluctuations in raw material prices directly affect the production costs of phosphate fertilizers, contributing to a challenging profit environment for the industry [4].