Tongtech(SZ:300379) Jing Ji Guan Cha Wang·2025-08-07 06:54Core Viewpoint - *ST Dongtong is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, which may lead to significant penalties and potential delisting from the Shenzhen Stock Exchange [1][2]. Group 1: Regulatory Actions - The actual controller and chairman, Huang Yongjun, received a notice of investigation from the CSRC due to suspected violations of information disclosure laws [1]. - *ST Dongtong was previously under investigation for alleged false financial reporting, leading to a formal case opened by the CSRC [1]. - The company has been placed under "delisting risk warning" and "other risk warning" since May 6, resulting in a change of its stock name to "*ST Dongtong" [2]. Group 2: Financial Performance - In 2024, *ST Dongtong reported revenue of 758 million yuan, a year-on-year increase of 36.09%, but incurred a net loss of 576 million yuan [3]. - For the first quarter of 2024, the company achieved revenue of 134 million yuan, reflecting a year-on-year growth of 77.41%, with a net loss of approximately 30.54 million yuan [3]. - The stock price has been on a downward trend, closing at 5.52 yuan per share on August 7, down over 70% from its highest price of 21.45 yuan per share earlier in the year [3]. Group 3: Company Background - *ST Dongtong is recognized as a leading provider of security and industry information solutions in China, offering middleware, network security, and digital products and services [2]. - Huang Yongjun, the chairman and actual controller, has a background in technology and has served in various leadership roles since 2009 [2].