财务造假，这家上市公司董事长被判刑

Core Viewpoint - The company, Liyuan Technology, is facing significant legal and governance challenges due to the conviction of its actual controller, Shen Wanzhong, for the crime of illegally disclosing important information, resulting in a prison sentence and fines [1][8]. Group 1: Legal Issues and Governance Changes - Shen Wanzhong was sentenced to one year in prison, with a one and a half year probation, and fined 3.3 million yuan for violating information disclosure laws [1]. - Following his conviction, Shen Wanzhong submitted his resignation as chairman and director of the company, and will not hold any other positions within the company [1]. - The board of directors has nominated Shen Jiawen, Shen Wanzhong's daughter, as a candidate for a non-independent director position [1][8]. Group 2: Company Background and Operations - Liyuan Technology specializes in the research, design, and integration of water treatment systems for various industries, including nuclear power, thermal power, metallurgy, and chemicals [3]. - The company has developed core technologies for hydrogen fuel cell engine systems and has achieved commercial delivery of several products [3]. - Liyuan Technology is one of the few suppliers capable of providing condensate water treatment systems for nuclear power plants, including the "Hualong One" project [3]. Group 3: Financial Misconduct and Regulatory Actions - The company has been implicated in financial misconduct, including premature revenue recognition and misreporting of research and development expenses [4][5]. - In 2023, the China Securities Regulatory Commission initiated an investigation into Liyuan Technology for suspected violations of information disclosure laws [5]. - The Zhejiang Securities Regulatory Bureau imposed fines totaling 3 million yuan on the company and its executives for their roles in the financial misconduct [6].