GDCH(SZ:000976) Zhong Guo Ji Jin Bao·2025-08-22 02:05Core Viewpoint - The Guangdong Securities Regulatory Bureau plans to impose a total fine of 24.15 million yuan on China Railway Group and related personnel for recent violations after the company's delisting from the A-share market [1][5]. Group 1: Regulatory Actions - China Railway Group received an administrative penalty notice from the Guangdong Securities Regulatory Bureau for new violations occurring after its delisting [1][5]. - The company triggered the delisting conditions by having its stock price below 1 yuan for 20 consecutive trading days, leading to its official delisting on August 27, 2024 [3][5]. Group 2: Violations and Penalties - The violations include failure to disclose related party transactions amounting to approximately 1.1 billion yuan, inflating inventory by 600 million yuan, and misreporting cash holdings by 50 million and 70 million yuan in different reports [5][7]. - The total penalties include 5 million yuan for the company, 9.5 million yuan for the actual controller, and additional fines for other responsible personnel, totaling 24.15 million yuan [5][6]. Group 3: Previous Penalties - In May 2024, the company faced a total fine of 26.2 million yuan for serious information disclosure violations, including undisclosed large fund occupations and financial fraud [7]. - The actual controller was banned for life from the market, and the financial director received a five-year ban from serving in listed companies [7][8].