任子行：信披违规被罚500万元，股票将遭ST警示

Core Viewpoint - The company, Renzihang, has been penalized by the China Securities Regulatory Commission (CSRC) for violations related to information disclosure, resulting in a fine of 5 million yuan and additional penalties for responsible individuals totaling 7 million yuan [1][2]. Group 1: Regulatory Actions - The CSRC issued a "Notice of Administrative Penalty" to Renzihang, mandating corrections and imposing fines due to illegal information disclosure practices [1]. - The company's stock will be subject to risk warnings and will be suspended for one day starting June 23, 2025 [1]. Group 2: Financial Misconduct - Between 2015 and mid-2022, Renzihang inflated its revenue and profit figures through improper accounting practices, resulting in inflated revenues of 36.95 million yuan, 48.44 million yuan, and 26.93 million yuan, which accounted for 4.21%, 6.97%, and 10.81% of reported amounts respectively [1]. - The inflated profit totals were 19.41 million yuan, 37.32 million yuan, and 16.56 million yuan, representing 85.93%, 70.03%, and 30.79% of disclosed profits for the respective periods [1]. Group 3: Management Accountability - Key management personnel, including the chairman and financial director, failed to effectively oversee the subsidiary's operations and accounting practices, leading to the violations [2]. - The involved individuals received warnings and were collectively fined 7 million yuan [2]. Group 4: Company Financial Health - Renzihang's financial situation has deteriorated, with revenues declining from 730 million yuan in 2022 to 472 million yuan in 2024, alongside consecutive years of losses [3]. - As of the end of Q1 2023, the company reported an accumulated undistributed loss of 262 million yuan, indicating a complete depletion of profits since its establishment [3].