Tongtech(SZ:300379) Zheng Quan Shi Bao Wang·2025-09-13 00:13Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued a notice of administrative penalty against Beijing Orient Telecom Technology Co., Ltd. (*ST Dongtong) for falsifying financial data in its periodic reports, leading to significant penalties and potential delisting [1][2] Group 1: Financial Misconduct - *ST Dongtong has inflated its revenue and profits for four consecutive years, violating securities laws [1] - The inflated revenue figures from 2019 to 2022 are as follows: 61.45 million, 84.85 million, 125.51 million, and 160.53 million respectively [1] - The inflated profit figures for the same period are: 52.23 million, 58.77 million, 79.48 million, and 123.69 million respectively, with the 2022 inflated profit amounting to 219.43% of the reported total profit for that year [1] Group 2: Penalties and Consequences - The CSRC plans to impose a fine of 229 million on *ST Dongtong and a total of 44 million on seven responsible individuals [1] - The actual controller of *ST Dongtong faces a 10-year ban from the securities market [1] - The CSRC has indicated that *ST Dongtong's actions may lead to mandatory delisting procedures initiated by the Shenzhen Stock Exchange [2]