New Stock Issuance - Cash option declaration period for *ST Tianmao (000627) is from September 15 to September 19, 2025[1] - *ST Zitian (300280) has 12 trading days remaining until the last trading day during the delisting arrangement period[1] Trading Alerts - *ST Jishi Media (601929) reported severe abnormal fluctuations in stock price[1] - *ST Yushun (002289) and *ST Weier (002058) are under scrutiny due to abnormal trading activities[1] Company Announcements - *ST Gao Hong (000851) and *ST Dongtong (300379) have recent announcements regarding their financial status[1] - Shanghai Construction (600170) and Zhongke Shuguang (603019) have disclosed important updates on their operations[1] Market Trends - The report indicates a trend of increased scrutiny on companies with abnormal trading patterns, reflecting a tightening regulatory environment[2] - The number of companies under cash option declarations and delisting arrangements suggests a potential increase in market volatility[1]

又一家上市公司因严重财务造假被中国证监会查处，将被退市。 近日，中国证监会对深交所创业板上市公司北京东方通科技股份有限公司（以下简称"*ST东通 （300379）"）涉嫌定期报告等财务数据存在虚假记载作出行政处罚事先告知。经查，*ST东通连续4年 虚增收入和利润，违反证券法律法规。 在市场人士看来，今年以来，重大违法强制退市数量创新高，形成了强大的执法震慑，促使上市公司 及"关键少数"更加敬畏法律、敬畏市场，依法依规经营。 连续4年虚增收入和利润 9月12日晚，*ST东通发布公告称，收到中国证监会《行政处罚事先告知书》（以下简称《告知 书》）。根据《告知书》，*ST东通2019年、2020年、2021年、2022年年度报告信息披露存在虚假记 载、公告的证券发行文件编造重大虚假内容。 《告知书》显示，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。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*ST东通披露的2019年至2022年年度报告存在虚假记载，4年间合 计虚增收入4.32亿元， ...

2025 年半年度定期现场检查报告 1 保荐机构名称：第一创业证券承销保荐有限责任公司 被保荐公司简称：*ST 东通 保荐代表人姓名：张德平 联系电话：010-63212001 保荐代表人姓名：王璐 联系电话：010-63212001 现场检查人员姓名：张德平、司子健 现场检查对应期间：2025 年 1 月 1 日至 6 月 30 日 现场检查时间：2025 年 8 月 27 日-2025 年 9 月 2 日 一、现场检查事项1 现场检查意见 是 否 不适 用 （一）公司治理 现场检查主要手段：查阅公司章程及公司治理等有关文件；查阅历次公司股东大会、董事会、 监事会的会议文件和公告文件；访谈管理层、获取公司说明文件 1.公司章程和公司治理制度是否完备、合规 √ 2.公司章程和股东会、董事会规则是否得到有效执行 详见"二、现场检查发现的问 题及说明"之"1、公司及公 司实际控制人、董事长被证监 会立案调查并收到《行政处罚 事先告知书》"、"2、公司内部 控制仍存在重大缺陷" 3.股东会、董事会会议记录是否完整，时间、地点、出席人 员及会议内容等要件是否齐备，会议资料是否保存完整 √ 4.股东会、董事会会议决议是 ...

第一创业证券承销保荐有限责任公司 关于北京东方通科技股份有限公司 2025年半年度跟踪报告 二、保荐机构发现公司存在的问题及采取的措施 | 事项 | 存在的问题 | 采取的措施 | | --- | --- | --- | | | 1.2025 年 4 月 14 日，公司收到 | | | | 中国证券监督管理委员会下发 | | | | 的《立案告知书》（证监立案字 | | | | 142025025 号），因公司涉嫌定 | 本保荐机构将持续关注相关事项 | | | 期报告等财务数据存在虚假记 | 的进展情况，并提请公司及公司 | | | 载，中国证监会决定对东方通 | 实际控制人、董事长：（1）持续 | | | 立案调查； | 关注上述事项的进展情况，严格 | | | 2.2025 年 8 月 6 日，公司实际 | 按照相关法律法规的规定和监管 | | | 控制人、董事长黄永军先生收 | 要求及时履行信息披露义务；（2） | | | 到中国证券监督管理委员会送 | 公司吸取经验教训，严格按照《公 | | | 达的《立案告知书》（证监立案 | 司法》《证券法》《上市公司治理 | | | 字 号），因涉嫌信 014 ...

证券代码：300379 证券简称：*ST 东通 公告编号：2025-092 北京东方通科技股份有限公司 关于股票交易异常波动的公告 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。 特别提示： 1、北京东方通科技股份有限公司（以下简称"公司"）股票交易价格于 2025 年 9 月 15 日、9 月 16 日连续 2 个交易日收盘价格跌幅偏离值累计超过 30%，根 据深圳证券交易所相关规定，属于股票交易异常波动的情况。 4、公司将全力配合中国证监会的相关工作，最终结果以中国证监会出具的 正式处罚决定为准。敬请广大投资者关注后续公告并注意投资风险。 2、因涉嫌定期报告等财务数据存在虚假记载，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 9 月 12 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 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。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 ...

最近，村里又开出了一个大罚单。 东方通因财务造假，被罚2.29亿，7名责任人共被罚4400万，实控人黄永军，还被禁入市场10年，东方 通也将强制退市。 来源| 是史大郎&大猫财经Pro 当然了，这些还不是最重要的，监管强调，涉及违法犯罪的线索"应移尽移"，移送公安机关，也就是 说，涉案的老板、各种"总"们，可能面临牢狱之灾了。 东方通造假，源于一场蹊跷的收购。 2018年，东方通花6亿，收购了北京泰策科技，当时争议很大，因为泰策科技净资产不到5000万，收购 价溢价12倍，这是钱多得没地花了吗？ 黄老板肯定不傻，这次收购也有对赌，4年时间净利润总额不低于2.27亿，而且原股东还要花1亿去买东 方通的股票。 *此图由AI生成 作者| 史大郎&猫哥 现在回头看，黄老板这一套造假行为完全是有预谋的，他是2018年1月才成了东方通的实控人，10个月 后搞收购，一年后搞财务造假，一点时间不浪费。 这么看，拉股价的味道很浓重。 如果这么想，真是高估黄老板了，他的方式更"简洁有力"，从2019年开始，东方通就通过这家子公司， 直接搞财务造假。 4年虚增收入4.3亿，虚增利润3.1亿，泰策科技也轻松完成了4年对赌，老股东们" ...

Core Viewpoint - *ST Dongtong, once a leading middleware company in China, faces a severe financial crisis due to systematic financial fraud over four years, leading to a significant drop in stock price and impending delisting [1][3][4]. Financial Fraud Details - The company inflated its revenue by a total of 432 million yuan and profits by 314 million yuan from 2019 to 2022, with annual inflated revenues ranging from 61.45 million yuan to 160.53 million yuan, and profits from 52.23 million yuan to 123.69 million yuan [3][4]. - The inflated figures represented 12.29% to 17.68% of reported revenues and 22.72% to 219.43% of reported profits during the respective years [3]. Regulatory Actions - On September 12, the company received a notice from the China Securities Regulatory Commission (CSRC) regarding administrative penalties due to the fraudulent activities [3][4]. - The company is set to face delisting procedures as it has been flagged for major violations, marking it as the 12th company to face such actions since 2025 [4][6]. Financial Performance - The company has reported continuous revenue decline and net losses for three consecutive years, totaling nearly 1.3 billion yuan in losses [5]. - In the first half of 2025, the company reported a revenue of 240 million yuan, a year-on-year increase of 48.85%, but still incurred a net loss of 55.16 million yuan [5]. Governance Issues - The company has faced significant governance challenges, with its 2024 annual report receiving an audit opinion that could not be expressed, indicating serious internal control issues [5][6]. - The CSRC has imposed a fine of 229 million yuan on the company and additional penalties on responsible individuals, including a 10-year ban on the former chairman from engaging in securities activities [6].

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has announced severe penalties for *ST Dongtong due to serious financial fraud, leading to a total fine of 273 million yuan for the company and seven related individuals [1][2] Group 1: Company Actions and Penalties - *ST Dongtong's stock was suspended from trading after a significant drop, with its current price being over 90% lower than its historical peak [1] - The auditing firms involved, including Beijing Dehao International Accounting Firm and Dahua Accounting Firm, have received warning letters from regulatory authorities [1] - The underwriter for *ST Dongtong, First Entrepreneurship, has also faced scrutiny, with its designated representative receiving a warning letter from the Shenzhen Stock Exchange for failing to conduct due diligence [1][2] Group 2: Financial Misconduct and Implications - In June 2023, *ST Dongtong disclosed a fundraising report indicating it raised approximately 2.2 billion yuan, based on fabricated financial data from 2019 to 2021 [1] - First Entrepreneurship's subsidiary, Yi Chuang Investment, served as the underwriter during the fraudulent issuance period, raising questions about potential joint liability and regulatory penalties [2] - Previous cases have shown that underwriters can face significant financial repercussions, as seen in the "first case of fraudulent issuance on the Sci-Tech Innovation Board," where involved institutions paid a total of 1.275 billion yuan in compensation to investors [2]

星标 ★ IPO日报 精彩文章第一时间推送 10.7亿元卖单压顶，5.26元股价创历史新低，曾经的中国中间件龙头企业因连续四年造假走向资本市场的终点。 9月15日开盘，*ST东通（300379.SZ）股 价被10.7亿元卖单封死20cm跌停，报收5.26元/股，总市值缩水至29.35亿元。 这已是该股连续第二个交易日跌停，前一交易日，公司股价在证监会处罚消 息冲击下，收于6.58元，单日跌幅达20%。 张力制图 四年虚增利润超3亿 这场资本风暴的源头可追溯到四天前。9月12日，*ST东通公告收到证监会《行政处罚事先告知书》，揭开了公司系统性财务造假的惊人内幕。 调查显示，2018年12月，东方通收购北京泰策科技有限公司100%股权后，2019年至2022年期间，通过该子公司虚构业务、提前确认收入等方式，连续四 年虚增业绩。 公司治理方面同样问题重重， 2024年年报被审计机构出具无法表示意见的审计报告，内部控制审计报告也被出具否定意见。 基于此，公司股票自2025年5月6日起已被实施"退市风险警示"及"其他风险警示"，股票简称由"东方通"变更为"*ST东通"。 根据告知书内容，证监会对*ST东通一系列的财务造 ...

Core Viewpoint - *ST Dongtong faces a potential fine of 229 million yuan from the China Securities Regulatory Commission (CSRC) due to false reporting in its financial statements from 2019 to 2022 and fraudulent issuance in its 2022 private placement [1][2][3] Group 1: Financial Misconduct - From 2019 to 2022, *ST Dongtong inflated its revenue by 61.45 million yuan, 84.85 million yuan, 125.51 million yuan, and 160.53 million yuan, representing 12.29%, 13.25%, 14.54%, and 17.68% of the reported revenue for those years respectively [2] - The inflated profits for the same period were 52.23 million yuan, 58.77 million yuan, 79.48 million yuan, and 123.69 million yuan, accounting for 34.11%, 22.72%, 30.35%, and 219.43% of the reported profit totals [2][3] Group 2: Role of First Capital - First Capital, the underwriter for *ST Dongtong's 2022 private placement, failed to detect the severe financial fraud during the reporting period, which raises questions about its due diligence [3][5] - First Capital's commitment in the underwriting document stated that it had sufficient reason to believe that the issuer's application documents and disclosures were free from false statements or omissions [3][5] Group 3: Implications of Fraudulent Activities - The fraudulent activities included the early recognition of over 100 million yuan in revenue by Taice Technology, which was acquired by *ST Dongtong at a significant premium [1][6] - Following the completion of performance commitments in 2021, Taice Technology's revenue plummeted by 87.38% in 2022, indicating a drastic change in financial performance [6][8] Group 4: Regulatory and Market Reactions - The CSRC has indicated that *ST Dongtong's fraudulent disclosures could lead to a forced delisting due to continuous financial misconduct [1][3] - The establishment of a compensation fund by First Capital could help restore investor confidence and mitigate reputational damage in light of the ongoing investigations [13]