证监会严惩上市公司造假：一天多张罚单，不乏亿元级重罚

Core Viewpoint - Regulatory authorities are intensifying efforts to combat financial fraud and maintain market order, as evidenced by multiple administrative penalties issued to various companies for financial misconduct [1] Group 1: Regulatory Actions - On September 12, several companies, including *ST Dongtong, Yili Clean Energy, *ST Xinchao, *ST Lingda, and ST Tiansheng, received fines from regulatory bodies, primarily for financial fraud, with some penalties reaching billions [1] - Since the beginning of 2024, the China Securities Regulatory Commission (CSRC) has penalized 67 delisted companies for illegal activities, with 46 cases resulting in final administrative penalties [1] - The regulatory authorities are committed to strictly enforcing delisting policies and combating financial fraud, as outlined in various official opinions [1] Group 2: Specific Company Cases - *ST Dongtong has been found to have inflated revenue and profits for four consecutive years, leading to a proposed fine of 229 million yuan and a 10-year market ban for its actual controller [2] - Yili Clean Energy, which was delisted last year, faces a proposed fine of 375 million yuan for financial fraud and related violations, reinforcing the message that "delisting does not exempt from liability" [3] - ST Tiansheng is facing a proposed fine of 4.39 million yuan for inflating profits through off-balance-sheet funding, with penalties also directed at 22 responsible individuals [4] - *ST Xinchao has been penalized for failing to disclose its annual report on time, with a proposed fine of 3 million yuan for the company and additional fines for its executives [6] - *ST Lingda has been fined 500,000 yuan for failing to disclose related party transactions and fund occupation, with its chairman and vice chairman also facing penalties [7]