Tongtech(SZ:300379) 2 1 Shi Ji Jing Ji Bao Dao·2025-09-12 13:56Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued a notice of administrative punishment against Beijing Orient Telecom Science & Technology Co., Ltd. (ST Dongtong) for suspected false reporting of financial data, indicating serious violations of securities laws and regulations [1][3]. Group 1: Financial Misconduct - ST Dongtong has inflated its revenue and profits for four consecutive years, leading to significant legal repercussions [3]. - The CSRC plans to impose a fine of 229 million yuan on the company and a total of 44 million yuan on seven responsible individuals [3]. - The actual controller of ST Dongtong faces a 10-year ban from the securities market due to these violations [3]. Group 2: Potential Consequences - The company is suspected of major illegal activities that could lead to mandatory delisting, prompting the Shenzhen Stock Exchange to initiate delisting procedures [3]. - The CSRC will transfer any potential criminal evidence to the public security authorities in accordance with relevant legal standards [3]. Group 3: Market Impact - As of September 12, ST Dongtong's stock price closed at 6.58 yuan, reflecting a decline of over 56% year-to-date, with a total market capitalization of 3.671 billion yuan [4].