Core Viewpoint - *ST Guangdao faces severe penalties from the China Securities Regulatory Commission (CSRC) for financial fraud, which may lead to its delisting from the stock market [2][4][8]. Group 1: Regulatory Actions - The CSRC issued a "Notice of Administrative Penalty" to *ST Guangdao, revealing that the company fabricated sales and procurement transactions through false contracts and invoices, resulting in inflated revenue and costs [4][6]. - The penalties include a fine of 10 million yuan for the company, a 15 million yuan fine for the actual controller Jin Wenming, and a lifetime ban from the securities market for both him and the financial officer Zhao Lu [6][8]. - Other responsible personnel received fines ranging from 500,000 to 2.5 million yuan [6]. Group 2: Financial Impact - As of June 13, *ST Guangdao's stock price was 6.15 yuan per share, down over 78% from its high of 28.23 yuan prior to the investigation [5]. - The company inflated its revenue by 143 million yuan, 192 million yuan, 223 million yuan, 249 million yuan, 304 million yuan, and 283 million yuan from 2018 to 2023, with a 716.46 million yuan inflation in the first half of 2024 [6]. Group 3: Potential Delisting - The company may face mandatory delisting due to significant violations of the Beijing Stock Exchange listing rules, as indicated in the CSRC's findings [8]. - The stock will be suspended for one day on June 16, 2025, and will continue to be under delisting risk warning from June 17, 2025 [4]. Group 4: Investor Compensation - Minmetals Securities has initiated a "preliminary compensation" program for eligible investors who suffered losses due to the company's financial misconduct [10][11]. - The compensation scheme is being developed in collaboration with relevant parties, and it aims to address losses incurred by investors due to the company's fraudulent activities [10][11].
顶格重罚！实控人被终身市场禁入