JZP(SH:600190) Zheng Quan Shi Bao Wang·2025-07-18 14:52Core Viewpoint - The company Tuisijingang is set to be delisted from the stock exchange due to serious financial misconduct, including falsifying financial reports and inflating profits over several years [5][6][7]. Group 1: Delisting Announcement - Tuisijingang's stock will be suspended from trading on July 21, 2025, with the last trading day being July 18, 2025, and the delisting date set for July 25, 2025 [1][6]. - After delisting, the company's shares will transition to the National Equities Exchange and Quotations (NEEQ) system for trading [7]. Group 2: Financial Misconduct - The company has been involved in financial fraud, with inflated profits reported for the years 2022 to 2024, including a profit inflation of 36.10 million yuan in 2022 (22.46% of reported profit), 68.08 million yuan in 2023 (65.96%), and 15.38 million yuan in Q1 2024 (62.05%) [5]. - The China Securities Regulatory Commission (CSRC) has imposed a fine of 20 million yuan on Tuisijingang and issued warnings to 11 responsible individuals, including a 10-year market ban for the former Deputy General Manager and CFO [5][6]. Group 3: Company Background - Tuisijingang primarily engages in logistics services for bulk commodities, including oil, chemicals, grains, coal, metals, and steel [5]. - The company was listed on the B-share market in May 1998 and on the A-share market in June 1999 [5].