Tongtech(SZ:300379) Nan Fang Du Shi Bao·2025-09-15 01:15Core Viewpoint - The China Securities Regulatory Commission (CSRC) has announced severe penalties against Dongfang Tong (*ST东通, 300379) for serious financial fraud, including a fine of 229 million yuan and a 10-year market ban for the actual controller [1][4]. Summary of Relevant Sections Financial Fraud Details - Dongfang Tong has inflated its revenue and profits for four consecutive years, violating securities laws. The inflated amounts for the years 2019 to 2022 were 61.45 million yuan, 84.85 million yuan, 125.51 million yuan, and 160.53 million yuan, respectively, representing 12.29%, 13.25%, 14.54%, and 17.68% of reported revenue [2][3]. - The inflated profits for the same years were 52.23 million yuan, 58.77 million yuan, 79.48 million yuan, and 123.69 million yuan, accounting for 34.11%, 22.72%, 30.35%, and 219.43% of reported profit [2][3]. Securities Issuance Misconduct - Dongfang Tong fabricated significant false content in its securities issuance documents, including the "A-share stock issuance prospectus" and related reports, which referenced the inflated financial data from 2019 to 2021 [3][4]. Penalties Imposed - The CSRC has imposed a total fine of 229 million yuan on Dongfang Tong and 44 million yuan on seven responsible individuals, including the former chairman and general manager, who received a fine of 26.5 million yuan [5][6]. - The actual controller, Huang Yongjun, has been banned from the securities market for 10 years due to his significant role in the fraudulent activities [6].