Group 1 - The company and its subsidiaries, Shandong Shengshida Chemical Co., Ltd. and Shandong Taishan Explosive Equipment Co., Ltd., were fined for engaging in a price-fixing monopoly agreement, violating the previous Anti-Monopoly Law [1][2] - The total fines imposed on the two companies amount to approximately 2.5023 million yuan, with Shandong Shengshida fined 1.8114 million yuan and Shandong Taishan fined 690,900 yuan [2] - The fines represent 0.15% of the company's audited revenue and 2.02% of the net profit attributable to shareholders for the most recent fiscal year [3] Group 2 - The companies cooperated with the investigation and ceased the monopolistic behavior, leading to a reduction in penalties [2] - The involved joint sales company, Shandong Longdao Explosive Equipment Co., Ltd., has ceased all operations since July 2021 and was officially deregistered in February 2023 [2] - The company plans to enhance compliance awareness and strengthen the understanding of anti-monopoly laws to prevent future legal risks [3]
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