SCREEN(SH:688053) Mei Ri Jing Ji Xin Wen·2025-09-19 16:32Core Viewpoint - Cisco Ray (SH688053) has been notified by the Sichuan Securities Regulatory Bureau regarding administrative penalties due to false reporting in its 2022 annual report, which inflated revenue by 9.96 million and profit by 7.01 million [1][2] Group 1: Financial Misconduct - The company is accused of fabricating sales and prematurely recognizing revenue, leading to inflated financial figures [2][3] - Specifically, Cisco Ray inflated sales by 3.37 million from a fictitious transaction with Sichuan Saidi Information Technology and recognized revenue of 2.47 million from a transaction with Jiayuan Technology without proper delivery [2][3] - The total inflated revenue for 2022 amounted to 9.96 million, representing 4.16% of the company's total revenue of approximately 243 million, while the inflated profit totaled 7.01 million, accounting for 6.56% of the total profit of about 107 million [3] Group 2: Penalties and Consequences - The Sichuan Securities Regulatory Bureau plans to impose a warning and a fine of 2 million on Cisco Ray, along with individual fines totaling 3.6 million on four executives for their negligence [4] - The company's stock will be subject to additional risk warnings, changing its A-share abbreviation to "ST Cisco Ray," with a suspension date set for September 22, 2025, and the risk warning effective from September 23, 2025 [1][4] - Cisco Ray has stated that its business operations continue normally and that it has conducted a thorough self-examination and rectification regarding the issues raised [4]