东方集团有关责任人遭纪律处分，集团此前曾连续多年财务造假

Core Viewpoint - The financial fraud case of Dongfang Group, which has lasted for four years, is approaching its conclusion with significant disciplinary actions taken against the company and its executives [1][5]. Group 1: Disciplinary Actions - The Shanghai Stock Exchange publicly condemned Dongfang Group and its actual controller Zhang Hongwei, along with several senior executives, including former Chairman Sun Mingtao, declaring them unsuitable for holding positions in listed companies for life [5]. - Dongfang Group was penalized for using idle raised funds to temporarily supplement liquidity without timely repayment within the disclosed period, leading to public reprimands for Sun Mingtao and a criticism notice for former President Li Zhangyan [5]. Group 2: Financial Misconduct - Dongfang Group's stock has been terminated from listing and will be transferred to the National Equities Exchange and Quotations system for trading as a delisted company [6]. - From 2020 to 2023, Dongfang Group inflated its sales figures significantly, with reported inflated revenues of 3.897 billion, 4.865 billion, 6.543 billion, and 0.825 billion yuan, accounting for 25.20%, 32.05%, 50.44%, and 13.56% of the disclosed revenues for each respective year [6]. - The company also inflated its costs by 3.875 billion, 4.844 billion, 6.530 billion, and 0.824 billion yuan, representing 23.74%, 29.57%, 45.43%, and 11.45% of the disclosed costs for the same periods [6]. - The total inflated revenue over four years amounted to 16.13 billion yuan, with inflated costs totaling 16.073 billion yuan [6]. Group 3: Audit and Reporting Issues - During the period of financial fraud, Dongfang Group's auditing firm was Dahua, which issued "standard unqualified opinions" for the annual reports in question [6]. - It was only on April 30, 2024, close to a liquidity crisis, that Dongfang Group disclosed its 2023 annual report, which received a "non-standard" opinion from Dahua, highlighting issues such as guarantees provided to its controlling shareholder and overdue loans [7]. - Dongfang Group, established in 1992 and listed in 1994, was the first private enterprise in Heilongjiang Province, with diversified operations in agriculture, finance, ports, and new urbanization development [7].