CFLED(SZ:300301) Nan Fang Du Shi Bao·2025-06-30 04:50Group 1 - The core issue of *ST Changfang's financial fraud has been revealed, with the Shenzhen Securities Regulatory Commission imposing a fine of 4 million yuan due to systematic financial fraud by its subsidiary, Kangmingsheng [1][3] - The fraudulent activities led to an inflated profit of over 13 million yuan, with specific years showing inflated profits of 797.78 million yuan in 2020 and 548.73 million yuan in 2021, significantly impacting the company's financial statements [3] - The inflated profits represented 54.90% of the total profit for Changfang Group in 2020, and the inflated accounts receivable reached 158 million yuan in 2021, accounting for 9.31% of the total assets disclosed [3] Group 2 - The internal control issues were highlighted by Dahuacpa and ZTE Financial Guanghua, which issued negative opinions on the internal controls of *ST Changfang for 2021 and 2022, indicating significant management deficiencies regarding the subsidiary [3] - The penalties included a personal fine of 5 million yuan for the former executive director of Kangmingsheng, who was also banned from the securities market for five years [3]