Group 1 - The China Securities Regulatory Commission (CSRC) has issued an administrative penalty against Beijing Orient Telecom Technology Co., Ltd. (*ST Dongtong) for suspected false reporting of financial data [1] - *ST Dongtong has inflated its revenue and profits for four consecutive years, violating securities laws and regulations [1] - The CSRC plans to impose a fine of 229 million yuan on the company and a total of 44 million yuan on seven responsible individuals, while the actual controller will face a 10-year ban from the securities market [1] Group 2 - *ST Dongtong is suspected of triggering major illegal circumstances that could lead to mandatory delisting, prompting the Shenzhen Stock Exchange to initiate delisting procedures [1] - The CSRC will transfer any potential criminal evidence to the public security authorities in accordance with relevant legal standards [1]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued a notice of administrative punishment against Beijing Dongfangtong Technology Co., Ltd. (*ST Dongtong*) for falsifying financial data over four consecutive years, leading to potential delisting from the Shenzhen Stock Exchange [1][2]. Group 1: Company Actions and Penalties - *ST Dongtong* is facing a fine of 229 million yuan for the company and a total of 44 million yuan for seven responsible individuals, with the actual controller facing a 10-year ban from the securities market [1]. - The CSRC has initiated delisting procedures for *ST Dongtong* due to serious violations, including fraudulent issuance of stocks in 2022 [1][2]. - The company’s chairman, Huang Yongjun, has been fined 26.5 million yuan and banned from the securities market for 10 years for his role in the violations [2]. Group 2: Financial Misconduct Details - From 2019 to 2022, *ST Dongtong* inflated its revenue and profits through fictitious business activities and premature revenue recognition via its wholly-owned subsidiary, Beijing Taice Technology Co., Ltd. [2]. - The company’s 2019 to 2022 annual reports contained false financial data, which was also referenced in its 2022 fundraising prospectus, constituting fraudulent issuance [2]. Group 3: Industry Context and Regulatory Response - The capital market has seen stringent actions against financial fraud, with significant penalties imposed on other companies and individuals involved in similar misconduct, reflecting a tough regulatory stance [3]. - The regulatory environment is evolving to create a comprehensive deterrent system against financial fraud, aiming to protect investor interests and maintain market integrity [3].

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued a notice of administrative penalty against Beijing Dongfangtong Technology Co., Ltd. (*ST Dongtong) for falsifying financial data over four consecutive years, leading to a proposed fine of 229 million yuan and a potential delisting from the Shenzhen Stock Exchange due to serious violations [1][2][3]. Financial Misconduct - *ST Dongtong has been found to have inflated revenue and profits from 2019 to 2022 through fictitious transactions and premature revenue recognition, resulting in false disclosures in its annual reports [3][4]. - The company reported significant losses in recent years, with net profits of -673 million yuan in 2023 and -576 million yuan in 2024, continuing to incur losses in the first half of 2023 with a net profit of -55 million yuan [2][3]. Regulatory Actions - The CSRC plans to impose a total fine of 273 million yuan, including 229 million yuan on the company and 44 million yuan on seven responsible individuals, alongside a 10-year market ban for the actual controller [1][4]. - This incident marks the 12th company this year facing potential delisting due to financial fraud, indicating a heightened regulatory crackdown on such misconduct [1][2]. Market Impact - Following the announcement of the investigation in April, *ST Dongtong's stock price plummeted, reaching a low of 4.13 yuan per share, with a maximum decline exceeding 70% [2]. - The number of shareholders decreased by 13,300 in the second quarter of 2023, reflecting a loss of investor confidence [2]. Legal and Compliance Framework - The new regulatory framework emphasizes a comprehensive accountability system for financial fraud, including civil and criminal liabilities for responsible parties [6][7]. - The CSRC has committed to transferring any criminal evidence to law enforcement, reinforcing the seriousness of financial misconduct [6][8].

Group 1 - The China Securities Regulatory Commission (CSRC) announced administrative penalties against Beijing Orient Telecom Technology Co., Ltd. (*ST Dongtong) for suspected false reporting of financial data [2] - *ST Dongtong has inflated revenue and profits for four consecutive years, violating securities laws and regulations [2] - The CSRC plans to impose a fine of 229 million yuan on the company and a total of 44 million yuan on seven responsible individuals, while the actual controller will face a 10-year ban from the securities market [2] Group 2 - *ST Dongtong is suspected of major violations that could lead to mandatory delisting, prompting the Shenzhen Stock Exchange to initiate delisting procedures [2] - The CSRC will transfer any potential criminal evidence to the public security authorities in accordance with relevant legal standards [2]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued a notice of administrative punishment against Beijing Orient Telecom Science & Technology Co., Ltd. (*ST Dongtong*) for suspected false reporting of financial data, indicating serious violations of securities laws and regulations [1][3]. Group 1: Financial Misconduct - *ST Dongtong* has inflated its revenue and profits for four consecutive years, leading to significant legal repercussions [3]. - The CSRC plans to impose a fine of 229 million yuan on the company and a total of 44 million yuan on seven responsible individuals [3]. - The actual controller of *ST Dongtong* faces a 10-year ban from the securities market due to these violations [3]. Group 2: Potential Consequences - The company is suspected of major illegal activities that could lead to mandatory delisting, prompting the Shenzhen Stock Exchange to initiate delisting procedures [3]. - The CSRC will transfer any potential criminal evidence to the public security authorities in accordance with relevant legal standards [3]. Group 3: Market Impact - As of September 12, *ST Dongtong*'s stock price closed at 6.58 yuan, reflecting a decline of over 56% year-to-date, with a total market capitalization of 3.671 billion yuan [4].

Market Performance - The three major stock indices collectively closed lower today, with over 1900 stocks rising, including 74 stocks hitting the daily limit up [1] - Over the past week, all three indices showed gains, with the Shanghai Composite Index rising 1.52%, the Shenzhen Component Index up 2.65%, and the ChiNext Index increasing by 2.1% [2] Stock Movements - A total of 3500 stocks rose this week, with 21 stocks increasing by over 30%. The largest gain was seen in Shannon Chip Creation, which rose by 71.74%, while Shoukai Co., Chunzong Technology, and Qingshan Paper all saw increases of over 52% [3] - Among the stocks that declined, 59 stocks fell by more than 10%, with eight stocks, including Hongyu Packaging and Anzheng Fashion, dropping over 20% [4] Institutional Activity - This week, institutional investors were active in 120 stocks, net buying 54 and net selling 66. Eight stocks saw net purchases exceeding 100 million yuan, with Junsheng Electronics receiving the highest net buy of 412 million yuan, rising 10.86% this week [5] - In total, five stocks saw net sales exceeding 100 million yuan, with Shanghai Washba experiencing the largest net sell of 530 million yuan, despite a 13.35% increase this week [5] Strategic Developments - *ST Dongtong may face mandatory delisting due to significant legal violations [7] - Baoli Technology plans to transfer 40.1% equity of its subsidiary for 1 yuan [8] - Jiangwan Electronics reported normal operations with no undisclosed significant information [10] - Jiangjiawei signed a strategic cooperation agreement with Anchaoyun [11] - Shanghai Mechanical plans to transfer 67% equity of Simik Welding Materials, exiting the non-ferrous welding materials industry [12] Industry Updates - Shandong Gold has terminated its A-share issuance to specific targets and withdrawn its application [18] - Longxin Zhongke expects its 3C6000 and 2K3000 chips to enter mass production next year [18] - Baiyun Airport reported a 4.33% year-on-year increase in passenger throughput for August [17]

Core Viewpoint - Beijing Orientcom Technology Co., Ltd. (referred to as "Orientcom") has been found to have committed financial fraud from 2019 to 2022, leading to potential forced delisting due to significant violations of regulations [1][3]. Financial Misconduct - Orientcom acquired 100% of Beijing Taice Technology Co., Ltd. in December 2018, which became a wholly-owned subsidiary [3]. - From 2019 to 2022, Orientcom inflated its revenue and profits through fictitious business activities and premature revenue recognition, resulting in false disclosures in its annual reports [3]. - The inflated revenues for the years 2019 to 2022 were 61.45 million, 84.85 million, 125.51 million, and 160.53 million respectively, accounting for 12.29%, 13.25%, 14.54%, and 17.68% of the reported revenues for those years [3]. - The inflated profits for the same years were 52.23 million, 58.77 million, 79.48 million, and 123.69 million respectively, representing 34.11%, 22.72%, 30.35%, and 219.43% of the reported profit totals [3]. - Cumulatively, Orientcom inflated its revenue by 432 million and profits by 314 million from 2019 to 2022 [3]. Stock Issuance Fraud - In 2022, Orientcom's issuance of shares to specific investors was deemed fraudulent, as it relied on false financial data from its 2019 to 2021 annual reports [4]. Regulatory Actions - The China Securities Regulatory Commission (CSRC) issued a warning to Orientcom and its executives, imposing fines totaling over 200 million [5][6]. - Orientcom was fined 229 million, while its actual controller and former chairman, Huang Yongjun, was fined 26.5 million and banned from the securities market for 10 years due to his significant role in the violations [6]. - Following the announcement of the investigation, Orientcom's stock price plummeted from around 20 to a low of 4.13, closing at 6.58 with a total market capitalization of 3.671 billion as of September 12 [6].

Core Viewpoint - Beijing Orientcom Technology Co., Ltd. (Orientcom) has been found to have committed financial fraud from 2019 to 2022, leading to a significant penalty from the China Securities Regulatory Commission (CSRC) [1][5][9] Group 1: Financial Misconduct - Orientcom's financial reports from 2019 to 2022 contained false records, with inflated revenues and profits due to fictitious business activities and premature revenue recognition through its subsidiary, Beijing Taice Technology Co., Ltd. [5][6] - The inflated revenues for the years 2019 to 2022 were 61.45 million, 84.85 million, 125.51 million, and 160.53 million respectively, accounting for 12.29%, 13.25%, 14.54%, and 17.68% of the reported revenues for those years [5] - The inflated profits for the same period were 52.23 million, 58.77 million, 79.48 million, and 123.69 million respectively, representing 34.11%, 22.72%, 30.35%, and 219.43% of the reported profits [5][6] Group 2: Regulatory Actions and Penalties - The CSRC issued a warning and imposed a fine of 229 million on Orientcom, while its actual controller and former chairman, Huang Yongjun, received a fine totaling 26.5 million and a 10-year ban from the securities market [9] - In 2022, Orientcom's issuance of shares to specific investors was deemed fraudulent, raising 2.2 billion with fabricated financial data from previous years [7][9] - Following the announcement of the investigation, Orientcom's stock price plummeted from around 20 yuan to a low of 4.13 yuan, with a closing price of 6.58 yuan and a total market capitalization of 3.671 billion as of September 12 [9]

2、根据《深圳证券交易所创业板股票上市规则》的相关规定，公司股票将 被叠加实施退市风险警示。股票简称仍为"*ST 东通"，证券代码仍为"300379"。 3、叠加退市风险警示后公司股票日涨跌幅限制仍为 20%。 证券代码：300379 证券简称：*ST 东通 公告编号：2025-091 北京东方通科技股份有限公司 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信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 重要提示： 1、北京东方通科技股份有限公司（以下简称"公司"或"东方通"）因涉嫌 定期报告等财务数据存在虚假记载，于 2025 年 4 月 14 日被中国证券监督管理委 员会（以下简称"中国证监会"）立案。2025 年 9 月 12 日，公司收到中国证监 会下发的《行政处罚事先告知书》（[2025]10 号）（以下简称《告知书》）。根据 《告知书》认定的事实，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，可能触及《深圳证券交易所创业板股票上 市规则》第 10.5.1 条第（一）项、第 10.5.2 条第一 ...

证券代码：300379 证券简称：*ST 东通 公告编号：2025-090 北京东方通科技股份有限公司 关于公司股票可能被实施重大违法强制退市的风险提示公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 2025 年 9 月 12 日，公司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 2019 年至 2022 年度报告存在虚假记载。公司 可能触及《深圳证券交易所创业板股票上市规则》第 10.5.1 条第（一）项、第 10.5.2 条第一款第（六）项"根据中国证监会行政处罚决定载明的事实，公司 披露的年度报告财务指标连续三年存在虚假记载，前述财务指标包括营业收入、 利润总额、净利润、资产负债表中的资产或者负债科目（本项情形适用于 2020 年度及以后年度的虚假记载行为）"规定的重大违法强制退市的情形，可能被实 施重大违法强制退市。 截至本公告披露日，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。 如根据正式的行政处罚决定书结论，公司触及重大违法 ...