GOHIGH(SZ:000851) Zhong Guo Jing Ji Wang·2025-08-09 01:26Group 1 - The China Securities Regulatory Commission (CSRC) has announced administrative penalties against *ST Gaohong for suspected violations of information disclosure laws, proposing a fine of 160 million yuan against responsible parties and 7 million yuan against third parties involved in the fraud [1][3] - *ST Gaohong has been found to have engaged in non-substantive business activities, significantly inflating revenue and profits through false trading practices, violating securities laws [3][4] - From 2015 to 2023, *ST Gaohong inflated its operating revenue by approximately 19.8 billion yuan and total profit by over 76.2 million yuan through these fraudulent activities [3][4] Group 2 - Key individuals involved in the violations include the chairman and former general manager, who were aware of and organized the illegal information disclosure, as well as other executives who participated in the fraudulent activities [4][5] - The CSRC plans to impose a 10-year market ban on the chairman and another key individual, while the former financial director will face a 5-year ban [5] - As of the latest trading session, *ST Gaohong's stock price was reported at 2.21 yuan per share, with a total market capitalization of 2.6 billion yuan [5]