东方通被处罚预告 股民索赔持续推进

Core Viewpoint - Beijing Orient Telecom Technology Co., Ltd. (referred to as Orient Telecom or *ST Dongtong) is facing administrative penalties for alleged securities fraud, including false statements in financial reports and significant misrepresentation in securities issuance documents [1][2]. Group 1: Allegations of Financial Misrepresentation - Orient Telecom is accused of falsifying financial data in its annual reports from 2019 to 2022, inflating revenue by amounts of 61.45 million, 84.85 million, 125.51 million, and 160.53 million yuan, which represented 12.29%, 13.25%, 14.54%, and 17.68% of reported revenues for those years respectively [1]. - The company also allegedly inflated profits by 52.23 million, 58.77 million, 79.48 million, and 123.69 million yuan during the same period, accounting for 34.11%, 22.72%, 30.35%, and 219.43% of the reported profit totals [1]. Group 2: Securities Issuance Misconduct - Orient Telecom fabricated significant false content in its securities issuance documents, particularly in the fundraising prospectus submitted between June and November 2022, which included false financial data from its annual reports [2]. - The company reported a total fundraising amount of approximately 2.20 billion yuan from the issuance of 106,024,096 shares [2]. Group 3: Regulatory Actions and Investor Rights - The China Securities Regulatory Commission (CSRC) plans to impose a fine of 229 million yuan on Orient Telecom and a fine of 26.5 million yuan on its actual controller, Huang Yongjun, along with a 10-year market ban for him [2]. - Investors who suffered losses due to the alleged false statements can file lawsuits for compensation, which may include losses from price differences, commissions, and stamp duty [2][3].