Xin Lang Zheng Quan·2025-09-23 03:39Group 1 - Creative Information has been identified for financial fraud, leading to its designation as ST (Special Treatment) [2][3] - The financial fraud primarily involves transactions with State Grid Sichuan Comprehensive Energy Service Co., Ltd. and Guoning Ruineng Green Energy Technology Co., Ltd., which also have connections with other listed companies [2][4] - Creative Information overstated its revenue by CNY 267.85 million (approximately USD 40 million) for the 2022 annual report and CNY 124.70 million (approximately USD 18.5 million) for the 2023 semi-annual report, representing 12.22% and 15.84% of the reported revenue respectively [2] Group 2 - The stock of Creative Information was suspended for one day on September 22, 2025, and resumed trading on September 23, 2025, under the new name ST Creative Information, with a daily price fluctuation limit of 20% [3] - Other companies involved with the same entities, such as Micro Innovation Optoelectronics and Ketech Information, are also under scrutiny for potential contract fraud or financial misconduct [2][7] Group 3 - Micro Innovation Optoelectronics has been investigated for self-dealing transactions with State Grid Sichuan, with significant contracts totaling CNY 1.2 billion (approximately USD 180 million) [7][9] - The company adjusted its financial statements, reducing its reported revenue by CNY 6.85 million (approximately USD 1 million) for 2022 and CNY 116.16 million (approximately USD 17 million) for the third quarter of 2023, representing a 5.35% and 72.16% reduction respectively [9]