Yuancheng(SH:603388) Sou Hu Cai Jing·2025-07-30 02:11Core Viewpoint - *ST Yuancheng has faced regulatory scrutiny due to inaccurate disclosures regarding shareholding and is currently under investigation for suspected false financial reporting [3][4]. Company Overview - *ST Yuancheng was established on December 23, 1999, with a registered capital of 325.73 million RMB, and is headquartered in Hangzhou, Zhejiang Province [4]. - The company focuses on ecological civilization construction, serving large municipal infrastructure projects, ecological landscape projects, pollution control, ecological restoration, and high-end leisure tourism projects [4]. Management and Structure - The current chairman is Zhu Changren, with Zhang Tong serving as the secretary. The company employs 248 people and Zhu Changren is the actual controller [5]. - The company has 19 subsidiaries, including Shenzhen Yuancheng Cloud Intelligent Technology Co., Ltd. and Zhejiang Yuancheng New Energy Industry Co., Ltd. [5]. Financial Performance - The operating revenues for 2022, 2023, and 2024 are projected to be 294 million RMB, 274 million RMB, and 146 million RMB, reflecting year-on-year changes of -46.44%, -6.77%, and -46.79% respectively [5]. - The net profit attributable to the parent company for the same years is expected to be -66.49 million RMB, -162 million RMB, and -325 million RMB, with year-on-year changes of -241.91%, -147.02%, and -100.95% respectively [5]. - The asset-liability ratios for the years 2022, 2023, and 2024 are 52.78%, 56.29%, and 62.22% [5]. Risk Factors - The company has a total of 225 risk entries in Tianyancha, with 323 surrounding risks, 53 historical risks, and 146 warning risks [6].