SWHY(000166) 中国经济网·2025-04-01 07:24Core Points - The Shanghai Stock Exchange (SSE) has issued disciplinary actions against Shenwan Hongyuan Securities and its representatives for failing to fulfill their responsibilities during the IPO process of Guohong Tool System [1][2][16] - Guohong Tool System has been penalized for multiple violations, including inaccurate disclosure of R&D personnel and investment, governance issues, and insufficient provisions for bad debts [3][6][10] Group 1: Shenwan Hongyuan Securities - Shenwan Hongyuan Securities failed to adequately verify the accuracy of R&D personnel recognition and investment amounts, leading to the issuer not meeting the Sci-Tech innovation attributes [17][22] - The SSE has imposed a public reprimand on Shenwan Hongyuan Securities and a six-month ban on its representatives from signing IPO application documents [2][26] Group 2: Guohong Tool System - Guohong Tool System inaccurately disclosed the number of R&D personnel and investment amounts, with a total of 727.84 million yuan overstated in R&D investment [6][10] - The company did not follow proper decision-making procedures for a buyback obligation, failing to disclose governance deficiencies [7][39] - The company was found to have not adequately recognized related parties as acting in concert with the actual controller, leading to inaccurate disclosures [8][40] - The SSE has decided to suspend Guohong Tool System from submitting IPO application documents for one year and publicly reprimanded its executives [3][10] Group 3: Public Accounting and Legal Firms - The public accounting firm, Gongzheng Tianye, failed to verify the accuracy of R&D investment amounts and assess the risk of accounts receivable [28][30] - The SSE has issued a public reprimand to Gongzheng Tianye and a six-month ban on its signatory accountants from signing IPO documents [36][36] - The law firm, Shanghai Tongli, did not adequately verify governance issues and the recognition of actual controllers, leading to inaccurate disclosures [38][41] - The SSE has publicly reprimanded Shanghai Tongli and its signatory lawyers for their failures [38][43]