KNT(SZ:300225) Zhong Guo Jing Ying Bao·2025-09-17 15:09Core Viewpoint - ST Jintai (300225.SZ) faces a penalty of 4.6 million yuan from the China Securities Regulatory Commission (CSRC) for failing to disclose its 2024 annual report on time, violating the Securities Law of the People's Republic of China [2][5]. Group 1: Regulatory Actions and Company Response - The company received an administrative penalty notice due to the late disclosure of its annual report, which was attributed to management's decision to reject an audit report from Zhongxinghua Accounting Firm [4][5]. - ST Jintai's management stated that the company's normal operations have not been affected, and the management team remains stable [3][6]. - The company is under risk warning and has been labeled "*ST Jintai" due to the late disclosure of its annual report [6]. Group 2: Financial Performance - In the first half of 2025, ST Jintai reported revenue of 366.5 million yuan, a year-on-year increase of 5.66%, but the net profit attributable to shareholders decreased by 32.98% to 8.71 million yuan [8]. - The decline in net profit was attributed to the termination of cooperation with a strategic supplier, leading to increased bad debt provisions, and higher R&D expenses [8]. - The company experienced a significant turnaround in 2023, achieving a revenue of 735 million yuan, a 16.09% increase, and a net profit of 14.33 million yuan, marking a return to profitability [9].