Core Viewpoint - Suzhou Jinfeng Technology Co., Ltd. (referred to as "Jinfeng Technology") has been penalized by the Jiangsu Regulatory Bureau of the China Securities Regulatory Commission for violations related to information disclosure [2][3] Group 1: Violation Details - In 2021, Jinfeng Technology and its subsidiary, Shanghai Zhifu High Polymer Materials Co., Ltd., engaged in metal trading with suppliers and customers, but failed to correctly account for the income from this business, leading to inflated revenue figures [2] - The inflated revenues for the first quarter, half-year, and third quarter of 2021 were reported as 52.94 million yuan, 111.32 million yuan, and 172.35 million yuan, respectively, which accounted for 20.02%, 21.14%, and 20.74% of the reported revenue [2] Group 2: Penalties Imposed - The Jiangsu Regulatory Bureau has issued a warning and imposed a fine of 4 million yuan on Jinfeng Technology, along with individual fines on key personnel: 1.2 million yuan on Chairman Gu Qing, 1 million yuan on former CFO Deng Hao, 800,000 yuan on former General Manager Fang Yonggang, and 500,000 yuan on Zhang Wei [3] Group 3: Company Response - Jinfeng Technology acknowledged the findings in the administrative penalty decision and stated that the situation does not trigger mandatory delisting conditions under the Shenzhen Stock Exchange's rules [4] - The company expressed its commitment to improving compliance and ensuring accurate and timely information disclosure to protect the interests of shareholders [4]
因多次虚增收入,锦富技术收《行政处罚决定书》