被山西证监局行政处罚，同德化工回应来了

Core Viewpoint - Tongde Chemical (002360) has been penalized by the Shanxi Securities Regulatory Bureau for failing to disclose relevant information as required, resulting in a total fine of 1.9 million yuan for the company and several executives, including a warning for the chairman [1][2][5] Group 1: Administrative Penalty - The company received an administrative penalty decision from the Shanxi Securities Regulatory Bureau due to violations of information disclosure laws [2] - The penalty includes a fine of 1 million yuan for the company, 400,000 yuan for the chairman Zhang Hong, 300,000 yuan for general manager Wu Qingwen, and 200,000 yuan for former board secretary Zhang Ning [5][7] - The company has been criticized by the Shenzhen Stock Exchange, which will record this in its integrity file [6][7] Group 2: Impact on Company Operations - The administrative penalty will primarily affect the company's ability to refinance, with a three-year restriction on issuing convertible bonds [1][7] - The company plans to strengthen internal governance and comply with legal regulations to ensure accurate and timely information disclosure [1][2] Group 3: Background of Violations - The violations stemmed from a failure to disclose a significant transaction involving the transfer of 100% equity of Qing Shui He Tong Meng Chemical Co., Ltd. to Guangdong Hongda for 200 million yuan, which was not reported until January 30, 2024 [3][4][5] - The company terminated the equity transfer agreement shortly after signing, leading to a civil lawsuit with Guangdong Hongda [4] - The expected profit from this transaction was approximately 177 million yuan, accounting for 96.15% of the company's latest audited net profit, qualifying it as a major event under the Securities Law [4][5] Group 4: Financial Performance - For the first three quarters of 2024, the company reported approximately 500 million yuan in revenue, a year-on-year decrease of 31.66%, and a net profit attributable to shareholders of approximately 39.31 million yuan, down 73.82% year-on-year [7]