东方通严重财务造假,将强制退市!证监会通报

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued a notice of administrative penalty against Beijing Orient Telecom Technology Co., Ltd. (*ST Dongtong) for suspected false reporting of financial data over four consecutive years, leading to significant penalties and potential delisting [1] Group 1: Regulatory Actions - The CSRC plans to impose a fine of 229 million yuan on *ST Dongtong for violations of securities laws and regulations [1] - A total of 44 million yuan in fines will be levied against seven responsible individuals [1] - The actual controller of *ST Dongtong faces a 10-year ban from the securities market [1] Group 2: Financial Misconduct - *ST Dongtong has been found to have inflated revenue and profits for four consecutive years, constituting a serious violation of financial reporting standards [1] - The company is suspected of triggering conditions for mandatory delisting due to significant legal violations [1] Group 3: Criminal Investigation - The CSRC will transfer any potential criminal evidence to public security authorities in accordance with relevant laws and regulations [1]