KINGLAND TECHNOLOGY(SZ:000711) 2 1 Shi Ji Jing Ji Bao Dao·2025-08-19 11:33Core Points - *ST Jinglan Technology Co., Ltd. received an administrative penalty for falsifying financial statements related to its subsidiary Zhongke Dingshi Environmental Engineering Co., Ltd. [1] - The company inflated its 2020 revenue by 162.91 million yuan, which accounted for 14.06% of the reported revenue, and inflated net profit by 57.71 million yuan, representing 2.27% of the reported net profit [1] - This is not the first time *ST Jinglan has faced penalties for regulatory violations, as previous reports for 2021 and 2022 also contained undisclosed goodwill impairment issues [2] Financial Impact - The inflated figures resulted in a total penalty of 10.5 million yuan for *ST Jinglan and responsible individuals [1] - The company’s actions led to significant discrepancies in its financial reporting, affecting both revenue and profit metrics [1] Investor Implications - Investors who purchased shares between specific dates may be eligible for compensation, with legal support available for those affected [2] - The company’s ongoing regulatory issues may impact investor confidence and stock performance moving forward [2]