HLSY(SZ:000622) Zheng Quan Shi Bao Wang·2025-09-19 13:36Core Viewpoint - The China Securities Regulatory Commission (CSRC) has imposed a fine of 11.5 million yuan on Hengli Industrial Development Group Co., Ltd. for failing to disclose its 2024 annual report on time, highlighting a "zero tolerance" approach towards violations in the capital market [1][3]. Group 1: Regulatory Actions - The CSRC's Hunan Regulatory Bureau issued an administrative penalty decision against Hengli Industrial, which includes fines for the company and seven responsible individuals [1][3]. - The penalties include 3.5 million yuan for the company and individual fines of 1.8 million yuan for the chairman, 1.4 million yuan for the president and financial director, and varying amounts for other responsible personnel [3]. Group 2: Audit Disputes - An audit agreement was signed with Shenzhen Xutai Accounting Firm, which reported a significant revenue adjustment to 196 million yuan, leading to a dispute with the company [2]. - The chairman indicated that if the audit report showed revenue below 300 million yuan, the company would face delisting, prompting discussions about changing auditors and delaying the annual report [2]. Group 3: Ongoing Investigations - The Hunan Regulatory Bureau has initiated an investigation into potential false financial disclosures by Hengli Industrial, indicating a deepening inquiry into the company's financial practices [3]. - The regulatory body emphasizes that delisting does not exempt companies from accountability, reinforcing its commitment to strict enforcement against financial misconduct [3].