格隆汇9月15日丨司尔特（维权）(002538.SZ)公布，公司董事长、总经理袁其荣先生，董事、副总经理 袁鹏先生，董事会秘书吴昌昊先生将根据市场情况，计划自本公告披露之日起3个月内通过集中竞价交 易方式增持公司股份，董事长、总经理袁其荣先生拟增持金额不低于人民币300万元，不超过人民币600 万元（含）；董事、副总经理袁鹏先生增持金额不低于人民币50万元，不超过人民币100万元（含）； 董事会秘书吴昌昊先生增持金额不低于人民币25万元，不超过人民币50万元（含）。 ...

Core Viewpoint - The company Sier Te (002538.SZ) is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure, stemming from a prolonged embezzlement case involving its former financial director, which has created significant governance and financial reporting issues [1][2]. Group 1: Investigation and Governance Issues - The investigation was triggered by allegations against Huang Xili, the former financial director of the wholly-owned subsidiary Guizhou Lufang Industrial Co., who is suspected of embezzlement and has refused to cooperate with the investigation [1]. - Two directors, Wu Yuguang and Zhu Keliang, have expressed their inability to guarantee the authenticity and completeness of the company's financial reports due to the ongoing investigation and potential undisclosed fictitious transactions [2]. - The Anhui Securities Regulatory Bureau's inspection revealed that Guizhou Lufang had inflated costs through fictitious labor and engineering projects from 2021 to 2023, leading to inaccurate periodic reports [2]. Group 2: Financial Performance and Internal Control Failures - In the first half of 2025, the company reported a revenue increase of 7.15% to 2.183 billion yuan, but net profit plummeted by 43.6% to 95.18 million yuan, attributed to rising raw material costs [3]. - Concerns have been raised regarding the historical impact of fictitious business activities and the significant non-operational fund occupation by related parties, amounting to 176 million yuan, indicating a failure in internal controls [3]. - The company's situation reflects a typical path of internal control failure in A-share companies, characterized by subsidiary misconduct, executive cover-ups, ineffective auditing, and superficial rectification efforts, leading to a complete loss of trust [3].

Group 1 - The company, Sier Te, announced on September 12 that it and its controlling shareholders have not engaged in any form of stock price manipulation [2]

（编辑 袁冠琳） 证券日报网讯 司尔特9月12日发布公告，在公司回答调研者提问时表示，公司将根据经营情况，通过利 润分配的方式回馈投资者。鉴于未来公司贵州磷矿及磷化工项目有较大的资金需求，公司结合中长期及 短期资金安排，暂不考虑实施股份回购。 ...

Group 1 - The company announced on September 12 that it will continue to promote the development of traditional compound fertilizer as its main business and the integrated mining operation as its business goal in the coming years [1] - Revenue from compound fertilizer and the Mingniwan phosphate mine will be the key profit drivers in the coming years [1] - The company plans to increase investment in integrated mining operations [1]

Core Viewpoint - The company announced a collaboration with Guizhou Phosphate regarding the procurement of phosphate ore [1] Group 1 - The company, Si Er Te (002538), released an announcement on September 12 [1] - The collaboration involves business cooperation in the procurement of phosphate ore [1]

Core Viewpoint - The company, Sier Te (002538), announced on September 12 that it will comprehensively assess financing methods and specific plans based on long-term and short-term funding needs, financing conditions, and industrial resources [1] Group 1 - The company is open to various financing methods depending on multiple factors [1]

Group 1 - The company, Sier Te (002538), announced on September 12 that as of June 30, 2025, the total number of shareholders was 44,794 [1]

Core Viewpoint - The company, Si Er Te, is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, highlighting significant issues in corporate governance and internal control mechanisms [1][2]. Group 1: Investigation and Regulatory Actions - On September 1, Si Er Te announced it received a notice from the CSRC regarding an investigation for suspected violations of information disclosure laws [1]. - The CSRC's Anhui branch conducted on-site inspections from January to March 2023, uncovering discrepancies in the financial reporting of Si Er Te and its subsidiary, Guizhou Lufang [1]. - The company acknowledged that from 2021 to 2023, its labor engineering business and cost accounting practices were not in compliance with accounting standards, leading to inaccurate disclosures [1]. Group 2: Internal Issues and Management Response - The company identified that certain former management personnel were involved in fabricating costs and misappropriating funds, which may still affect financial statements [2]. - The case has been escalated for further investigation, and the company is cooperating with authorities, indicating positive progress [2]. - The independent director expressed concerns over the accuracy of future financial reports, emphasizing the need for improved governance and compliance in information disclosure [3]. Group 3: Implications for Corporate Governance - Legal experts highlighted that the Si Er Te incident reflects failures in corporate governance and internal controls, stressing the importance of integrating compliance into daily management practices [2]. - There are expectations that companies should bear responsibility for investor losses resulting from fabricated transactions affecting financial statements [3].

Group 1: Legal and Compliance Issues - The case involving Huang has been escalated for handling as of April 2025, and the company believes there has been positive progress in the case [3] - The company does not foresee a risk of delisting due to continuous false records over the past three years based on their cooperation with investigations [3][4] - The main personnel involved in the case have been subjected to compulsory measures by law enforcement [3] Group 2: Financial Performance and Stock Management - The company reported a significant increase in inventory, with a total amount of CNY 1.094 billion, reflecting a year-on-year increase of 30.69% [10] - The increase in inventory is primarily due to production and stockpiling of phosphate ammonium for export [10] - The company does not currently plan to repurchase shares due to substantial funding needs for future projects [9][10] Group 3: Operational Developments - The company is accelerating the approval process for the Yongwen phosphate mine, which has faced delays due to previous legal issues [6][10] - The company is focusing on traditional compound fertilizer business and mineral integration as key profit growth areas for the next few years [10] - The company has a partnership with Guizhou Phosphate for phosphate ore procurement [7] Group 4: Investor Relations and Shareholder Concerns - The company has received suggestions from shareholders regarding stock buybacks and management share purchases to stabilize market value [9] - The total number of shareholders as of June 30, 2025, is 44,794 [12] - The independent director has expressed concerns about the accuracy of financial reports due to previous management's misconduct, but has recognized the current management's efforts [8]