600万罚单+市场“封杀”3年！ST百利实控人遭重罚，公司去年亏穿4亿

Core Viewpoint - ST Baili and its actual controller Wang Hairong have been penalized for serious violations of information disclosure regulations, with the company fined 4 million yuan and Wang Hairong fined 6 million yuan and banned from the securities market for three years [1][5]. Group 1: Regulatory Actions - ST Baili received an administrative penalty decision from the China Securities Regulatory Commission (CSRC) on June 5, following an investigation into information disclosure violations [2]. - The investigation revealed that from June 2022 to September 2023, ST Baili and its subsidiaries paid a total of 191.91 million yuan in advance payments to seven suppliers, which were not used for their intended purpose [4]. - Wang Hairong, as the chairman and president, was found to be the organizer and instigator of the fund misappropriation, failing to fulfill his responsibilities [4]. Group 2: Financial Performance - ST Baili has experienced continuous declines in performance over the past three years, particularly in 2023 and 2024, with both net profit and operating income falling into losses [7]. - In 2022, the company reported an operating income of 3.22 billion yuan, a significant increase of 209.24% year-on-year, but the net profit was only 8.59 million yuan, a sharp decrease of 70.71% [8]. - By 2023, revenue dropped to 2.069 billion yuan, a year-on-year decline of 35.74%, and net profit turned to a loss of 118 million yuan, a staggering decline of 1473.54% [8]. Group 3: Stock Market Impact - Following the issuance of a qualified audit report for the 2023 fiscal year and a negative opinion on internal control, ST Baili's stock was placed under risk warning on May 6, 2024 [11]. - The stock price plummeted from 4.33 yuan per share to 1.33 yuan per share within a month, representing a cumulative decline of over 67% [11]. - The company has issued a risk warning regarding its stock trading, indicating potential irrational speculation following significant price fluctuations [5].