Core Viewpoint - The company *ST Gao Hong has been penalized a total of 135 million yuan for significant violations, with executives collectively fined 33.75 million yuan, leading to a total penalty exceeding 160 million yuan. The company faces risks of forced delisting due to serious misconduct [1][8]. Group 1: Company Violations - The company engaged in fraudulent trade practices, misrepresenting non-substantial channel operations as legitimate business activities, resulting in inflated revenue and profits from 2015 to 2023 [3]. - The fraudulent activities led to inflated reported revenues of 694 million yuan, 2.452 billion yuan, 2.420 billion yuan, 3.063 billion yuan, 5.634 billion yuan, 248 million yuan, and 180.5 million yuan for the years 2015 to 2021 respectively [3]. - The company also inflated its reported costs and total profits during the same period, with total profit inflation reaching 21.9052 million yuan in 2021 [3]. Group 2: Penalties and Consequences - The company was fined 135 million yuan, including a 125 million yuan penalty for fraudulent issuance of shares [6]. - Key executives, including the chairman and CFO, received individual fines and were banned from the securities market for various durations, with the chairman fined 7.5 million yuan and the CFO fined 6 million yuan [6][7]. - The case has drawn significant regulatory attention, with the China Securities Regulatory Commission indicating potential criminal referrals for involved parties [8]. Group 3: Market Impact - The company's total market value currently stands at over 2 billion yuan, which has caused significant concern among investors following the announcement of the penalties [9].
2025年大案：公司被罚1.35亿元 前董秘兼财总被罚600万
Xin Lang Cai Jing·2025-08-11 02:17