智通财经网·2025-08-08 11:04Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued a notice of administrative penalty against *ST Gaohong (000851.SZ) for suspected violations of information disclosure laws, involving significant financial misconduct [1] Summary by Relevant Sections Regulatory Actions - CSRC has proposed a fine of 160 million yuan for the responsible parties involved in the misconduct and an additional 7 million yuan for third parties that facilitated the fraud [1] Company Operations - *ST Gaohong has been engaged in non-substantive business activities, such as "empty transfers" and "fake orders" related to notebook computers, which have led to a substantial inflation of revenue and profits, violating securities laws [1] Potential Consequences - The company is suspected of triggering conditions for mandatory delisting due to serious violations, prompting the Shenzhen Stock Exchange to initiate delisting procedures [1] - CSRC will transfer any criminal evidence to law enforcement agencies in accordance with relevant legal standards [1]