Juewei Food (SH:603517) Guo Ji Jin Rong Bao·2025-09-19 13:03Core Viewpoint - The company, Juewei Foods, is facing regulatory scrutiny and penalties due to violations related to information disclosure, leading to a suspension of its A-shares and a change in its stock designation to "ST Juewei" [2][5]. Group 1: Regulatory Actions - Juewei Foods received an administrative penalty notice from the Hunan Regulatory Bureau of the China Securities Regulatory Commission (CSRC) on September 19, 2025, which led to the suspension of its A-shares on September 22, 2025 [2][5]. - The CSRC initiated an investigation on June 7, 2024, due to suspected violations of information disclosure laws, which has now concluded [5][6]. Group 2: Violations and Penalties - From 2017 to 2021, Juewei Foods failed to recognize revenue from franchise store renovation, resulting in understated annual report revenues by 5.48%, 3.79%, 2.20%, 2.39%, and 1.64% for the respective years [5][6]. - The company has been fined 4 million yuan, while key personnel, including the former chairman and general manager, were fined 2 million yuan, the former CFO 1.5 million yuan, and the former board secretary 1 million yuan [6]. Group 3: Company Status - As of September 19, 2025, Juewei Foods' stock closed at 15.25 yuan per share, down 0.97%, with a total market capitalization of 9.242 billion yuan [6][7]. - The current chairman, Dai Wenjun, remains in his position despite the penalties, while the former CFO and board secretary are no longer part of the executive team [6].