SCREEN(SH:688053) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-09-20 00:27Core Points - Chengdu Sicor Microelectronics Co., Ltd. received an administrative penalty notice from the China Securities Regulatory Commission (CSRC) on September 19, 2025, leading to the implementation of risk warnings for its stock [5][12][19] - The company's stock will be suspended from trading on September 22, 2025, and will resume trading with a risk warning on September 23, 2025, changing its A-share abbreviation to ST Sicor [1][2][4][6] Summary by Sections Stock Trading and Risk Warning - The stock abbreviation will change from "Sicor" to "ST Sicor," and the stock code remains "688053" [4] - The risk warning will take effect on September 23, 2025, following a one-day suspension [6] Reasons for Risk Warning - The company is subject to risk warnings due to findings in the CSRC's administrative penalty notice, which indicated false disclosures in its annual report [5][19] - The company reported inflated sales and profits totaling 996.04 million yuan and 700.54 million yuan, respectively, which accounted for 4.16% and 6.56% of its total revenue and profit for the year [15][19] Company Response and Measures - The board of directors and management are taking the matter seriously and will implement measures to mitigate the impact of the findings [8][19] - The company has conducted a thorough self-examination and has rectified the issues identified in the penalty notice, including adjustments to financial statements for the years 2022 to 2024 [20] - The company has expressed sincere apologies to investors and is committed to improving compliance and internal controls [20][21]