HLSY(SZ:000622) Zheng Quan Zhi Xing·2025-06-18 10:57Group 1 - The core issue is that Hengli Industrial Development Group Co., Ltd. is facing administrative penalties for failing to disclose its 2024 annual report on time, which has led to a warning of potential delisting from the Shenzhen Stock Exchange [2][4][7] - The company reported an adjusted revenue of 196 million yuan for 2024, which is below the 300 million yuan threshold required to avoid delisting [3][4] - The company has been under investigation by the China Securities Regulatory Commission (CSRC) for this failure, and a notice of administrative penalty has been issued [2][7] Group 2 - The CSRC has proposed a fine of 3.5 million yuan for the company and additional fines for key executives, including 1.8 million yuan for the chairman and 1.6 million yuan for the president and CFO [7][8] - The company’s chairman, Stone Shengping, failed to ensure the timely preparation of financial reports, which contributed to the non-disclosure of the annual report [4][5][7] - Other executives and independent directors also failed to fulfill their responsibilities in overseeing the financial reporting process, leading to the company's current predicament [5][6][7]