60家上市公司集体暴雷！证监会连坐罚单首现，造假供应商被罚700万

Core Viewpoint - The A-share market is experiencing a regulatory storm in 2025, highlighted by a series of violations by listed companies, notably the significant stock price drop of Hengxin Oriental, which reflects deep-seated financial issues and a loss of investor confidence [1] Group 1: Hengxin Oriental's Stock Price Collapse - Hengxin Oriental's stock opened down 17% on August 13, 2025, and further declined to 18.7%, resulting in a market value loss of 786 million yuan in a single day [1] - The company reported a cumulative net profit loss of 2.074 billion yuan from 2020 to 2024, with a 15% year-on-year revenue decline in Q1 2025 and an 11% increase in losses [1] - Financial discrepancies were revealed in the 2022 annual report, with revenue adjusted down from 492 million yuan to 310 million yuan, a reduction of 37% [1] Group 2: Broader Regulatory Actions - ST Gaohong was penalized for fabricating 19.8 billion yuan in revenue and fraudulently raising 1.25 billion yuan, leading to a 1.6 million yuan fine and a forced delisting process [3] - The regulatory crackdown has extended to the pharmaceutical sector, with five executives from Baiyunshan under investigation for inflating drug procurement prices and corruption [3] - Over 60 listed companies have been investigated for violations, with significant penalties imposed on executives, including ST Suwu, which inflated revenue by 1.98 billion yuan over four years [5][6] Group 3: Market Impact and Investor Reactions - The stock price of Jihua Group fell to the limit down after being formally investigated for information disclosure violations, indicating market skepticism despite the company's claims of normal operations [5] - By August 2025, 55 listed companies had been investigated for information disclosure violations, with penalties totaling 110.6 million yuan for nine companies and 58 executives [6] - Legal avenues for compensation have opened for investors who purchased shares during specific periods, with over 2,000 shareholders of Hengxin Oriental submitting trading records for claims [9]